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...President Coolidge by proclamation gave notice that in accordance with the flexible provision of the Tariff Act, in 30 days the import duty on barium dioxide (used in the manufacture of hydrogen peroxide) would be raised from 4? to 6? a pound. The Tariff Commission had reported that Germany was the principal competing country and manufactured barium dioxide more than 6? a pound cheaper than it can be done...
...satisfy these objectors, the Gooding bill was passed. It forbids the Interstate Commerce Commission to grant lower long haul rates than short haul rates except under specific conditions: 1) where the freight transported is for export or from import and 2) where two railroads compete in the same territory, but one has a circuitous route to a given destination (that is, the road with the circuitous route is allowed to make its rate as low as that of the line with the straight route; 3) for block express...
...President Coolidge by proclamation increased the import tariff on sodium nitrate from 3? to 4½? a pound. Investigation by the Tariff Commission showed that the manufacture of that commodity was 4½? a pound cheaper in Norway, the principal competing country. This is the second time that a President has availed himself of the "flexible" provision of the Tariff Act to alter duties. The first occasion was when Mr. Coolidge increased the tariff on wheat and wheat products (TIME, March...
...Guild banquet?"the most prodigiously dull dinner of my experience." But despite his misfortune one would not have had him miss it. There were 13 speakers, which may have had something to do with it. It began with Heywood Broun, who "said a few graceful things of no special import and then fled craftily into the night." And it dragged on through all the other twelve, with various victims rising and stealing toward the door, till at length "the gaps in the audience made the room look like an old comb with half its teeth gone. The faithful remainder...
Paris was dismayed. Poincaré had lost a friend, said the journals. France was isolated. The proposed economic convention was not unfavorable to Belgium. France was to yield 10% on import duties of 140 articles while Belgium was to yield on only a few articles. But it was felt that the convention would bind Belgium to France as against either England or Germany...