Truce

The Senate tariff war came to a complete halt last week. Feeling fatigued and futile, the warriors voted a truce (adjournment) before beginning the long winter campaign (regular session--see p. 12). Only half of the salients mapped during the summer by the House had been fought over by the Senate. And whenever the Senate does finish fighting, the whole war must be refought in House-Senate conferences. Legislative forecasters declared no tariff bill would reach the President until next March--14 months after it was started by the House Ways & Means Committee.

Tariff things so far done by the Senate: inclusion of the Export Debenture Plan; exclusion of the President's power to flex rates 50% up or down; increases in agricultural rates; decreases in industrial rates. Tariff things undone: rate changes on sugar, dyes, paper, textiles et al; revision of the free list.

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