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...Tailors of Tooley Street!" Of course "Empire Free Trade" is a deliberately misleading name. Major feature of the scheme is to erect a tariff wall around the Empire. (Only incidentally is trade to be free within the Empire.) Last week embittered Chancellor Philip Snowden, a Socialist who is opposed to any tariff wall, sneered at the bankers' manifesto: "Who are these financiers? I've never so much as heard of four of them! Nothing so impudent as professing to represent financial opinion has been forthcoming since the notorious manifesto of the tailors of Tooley Street...

Author: /time Magazine | Title: GREAT BRITAIN: Again Noah; Again Whale | 7/21/1930 | See Source »

Significance. The final push that sent the bankers over seemed, of course, to have been the new elevation of the U. S. tariff (see p. 18). In England, however, domestic political implications loomed as large as the international economic significance. The doughty "Hearsts of England," Viscount Rothermere and Baron Beaverbrook, who received such a flaying fortnight ago from Conservative Leader Stanley Baldwin (TIME, July 7), have been advocating for months precisely this program now advocated by Britain's banks. They have been calling it "Empire Free Trade" (TIME...

Author: /time Magazine | Title: Foreign News: Miracle | 7/14/1930 | See Source »

...newspaper Viscount and the newspaper Baron have been called blatant mountebanks for ballyhooing "Empire Free Trade," have been denounced by the leaders of all three British parties (Labor, Liberal, Conservative), but how now? Is a little game played with three tariff shells and a rubber trade pea still disreputable when endorsed by the Bank of England, the "big five" and Morgan, Grenfell & Co.? Most certainly not! Wrong was made right in a trice, last week, and black white...

Author: /time Magazine | Title: Foreign News: Miracle | 7/14/1930 | See Source »

...Conservative party if not in step with the bankers? Yet they came out last week in favor of the scheme of two men he had called "political blackmailers" the week before. Can Liberal Lloyd George remain a Free Trader now that Liberal M'Kenna has climbed on the tariff bandwagon? As for Mr. MacDonald, acutely conscious was he last week that, concurrently with the bankers, the economic committee of the Trade Unions Congress adopted a resolution favoring the tariff wall. All England seemed to have become suddenly tariff-conscious...

Author: /time Magazine | Title: Foreign News: Miracle | 7/14/1930 | See Source »

While other European statesmen were talking about reprisals against the U. S. tariff last week, Signor Benito Mussolini acted. He signed a Cabinet decree which appeared in the Official Gazette five days later...

Author: /time Magazine | Title: Foreign News: Cessation of Competition | 7/14/1930 | See Source »

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