Word: macdonaldization
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Once an iron moulder, later a Nonconformist Wesleyan lay preacher, today Foreign Secretary of Great Britain, plodding "Uncle Arthur" Henderson has played until last week something less than second fiddle to Prime Minister James Ramsay MacDonald in shaping the Empire's foreign policy. Dramatic therefore was his sprout. The League clock had just struck drowsy 4 p. m. Less than half the delegates were in their seats. The big speech of the day had already been made -so it was thought-by Europe's greatest orator, foxy, cello-throated Aristide Briand, Foreign Minister of France...
Tariff Warning. With a mien more solemn than even "Uncle Arthur's?," famed William Graham, President of the British Board of Trade and as such a member of the MacDonald cabinet, addressed the assembly pessimistically last week on "the general world depression and fall of commodity prices...
Weighing his words anxiously, Mr. Graham stressed the "extreme reluctance" with which British labor would embark on a high tariff policy, left his hearers with the impression that Scot MacDonald, lifelong free-trader that he is, will soon "reluctantly" embark...
Moreover in the MacDonald Cabinet itself, according to Lord Melchett, "Mr. Snowden stands alone"* in opposition to a tariff policy...
...Prime Minister James Ramsay MacDonald let it be known fortnight ago that he tentatively favors an 8% tariff on all British imports (TIME, Sept...