CONGRESS: The Senate's Bill

Having disposed of last-minute details, the Senate Finance Committee last week completed its rate revision of the Hawley-Smoot tariff bill, made public its handiwork. Its Republican members then took up the administrative provisions of the measure, which, by the system of valuation determined upon, will point the entire legislation up or down.

Essentials of the Senate bill:

Commodity Present Rate House Proposal Senate Proposal (Percentages—Ad Valorem Rates)

Automobiles 25% 25% 10% Beans (lbs.) ½¢ 3½¢ ½¢ Bibles 15% 15% 15% Blackstrap (gal.) 1/6¢ .03¢ .03¢ Boots and Shoes Free 20% 20% Butter (lb.) 8¢...

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!