THE TARIFF: Nightmare's End

After six and one-half nightmarish months, the Senate last week wound up its consideration of the Hawley-Smoot Tariff Bill. It passed the Bill 53 to 31. The measure now goes to conference between the House and Senate for adjustment of differences before President Hoover can decide whether to sign it.

The present law, according to impartial statistics, provides U. S. industry with average protective rates of 34% ad valorem. The House Bill jacked this protection up to 43%. The Senate Bill scaled it down to...

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