PRESIDENT
President Harding took an important step when he settled a little dispute which had grown up among the members of the Tariff Commission. Great political as well as economic results may follow the President's decision.
The Question. The Fordney-McCumber Tariff Act contained for the first time in national history a provision for a flexible or elastic tariff to be applied entirely at the discretion of the Chief Executive. On recommendation of the Tariff Commission he may raise or lower duties (not more than 50% of the amount fixed by law). The question which...
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