THE TARIFF: Passed At Last

Amid Republican cheers and Democratic imprecations the Congress last week finally disposed of the Hawley-Smoot Tariff Bill and sent it to the White House where President Hoover was ready to approve it immediately. Congress had consumed one year, five months, seven days on the measure since the House Ways & Means Committee opened its hearings— the longest tariff consideration in U. S. history.

President Hoover had asked for revision limited to agriculture and to industries where "there has been a substantial slackening of activity." The Congress had revised 1,122 different rates out...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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