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Fordney-McCumber Tariff. Typical of U. S. tariff rates on French exports are works of art (under 100 years old), 20% ad valorem (that is, upon the U. S. valuation), silk wearing apparel, average of 60%; walnuts (France exported $4,861,000 worth to the U. S. last year) 4¢ per pound unshelled, 12¢ shelled; precious and semiprecious stones (not including pearls), 10% ad valerem on uncut stones; perfumes containing alcohol 75% ad valorem plus 40¢ a pound; perfumes not containing alcohol 75% ad valorem; soaps and soap preparations from 15% to 30% ad valorem. These are the chief French...
...luxury trade?per-fumes, toilet wares, gems, fake and real. In other words, what she is trying to force is the acceptance of the principle of reciprocity. If the U. S. refuses to lower its tariffs, the French rates will stand. The French rates now roughly approximate, on an ad valorem basis, those levied by the U. S. "Cut your tariffs and we will cut ours," is virtually the French slogan. However, the U. S. tariff law was expressly designed to guard against reciprocity and its provisions are not capable of modification without the consent of Congress in the form...
...break off relations indicates that the British Labor movement is once again under the undisputed leadership of moderates such as one-time Prime Minister James Ramsay MacDonald and his trusty aides, John Clynes, "Jimmy" Thomas and others. The reason for this is probably the General Strike, undertaken against the ad- vice of the moderates, which not only dealt them a hard blow in the sense that it gave industry an unparalleled set-back and robbed them of full-time employment, but virtually bankrupted the Trades Union organizations throughout the country...
...Freddie Welsh was born. He fought his first boxing bout at 19, quickly stepped to the front as a great defensive artist. In 1914 he won the world's lightweight title from Willie Ritchie. His best year was 1916 when he defeated Benny Leonard, Ritchie, Mitchell, Ever Hammer, Ad Wolgast, Charlie White. In 1917 he experienced his only knockout, lost the championship to Leonard...
...hand it to you" now. I used to think your style was too good, too far over the heads of the multitude to make any lasting impression. But evidently you have even arrested the attention of the editors of our dreadful Chicago Tribune. Look at this two-page ad. out of today's (Sunday) paper. It copies the TIME style exactly. Look at the words under the picture...