THE TARIFF: Truce

The Senate tariff war came to a complete halt last week. Feeling fatigued and futile, the warriors voted a truce (adjournment) before beginning the long winter campaign (regular session—see p. 12). Only half of the salients mapped during the summer by the House had been fought over by the Senate. And whenever the Senate does finish fighting, the whole war must be refought in House-Senate conferences. Legislative forecasters declared no tariff bill would reach the President until next March—14 months after it was started by...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!