THE TARIFF: Hawley-Smoot Aftermath

A dozen steamers piled on extra steam crossing the Atlantic last week, racing against time to save money. The Olympic, notable winner, saved $130,000 for its clients. At Manhattan and other ports, men fighting noisily in the customs-houses raced to withdraw stored goods before the zero hour when duties would be higher; Manhattan customs receipts for the day were ten times the average.

The Hawley-Smoot Tariff Bill ("steal," its enemies called it) had become law. Some ships, having lost the race, turned out of U. S. ports, took cargoes elsewhere. Conversely, piles of...

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