29 MARCH 1930, Page 3

The American Tariff Bill The Senate; on March 24th, passed

the revised Tariff Bill by 53 votes to 31. The Bill will do anything but achieve its original object, which was to close the famous " scissors," and correlate the prices of agricultural products and manufactures. It is, however, by no means certain that the worst has yet happened, for it is expected that both the " debenture plan " and the anti- monopoly amendment, now included in the Bill, will be dropped in the Joint Congressional Conference. This will alter the alignment of parties, or groups, and there is likely, as our American Correspondent says in this issue, to be more haggling before the Bill, or any Bill, goes through.