Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1911-12-25
Democratic Ways and Means
Committee Preparing Meas
ure As Are Republicans and
Senator SmOot of Utah,
WESTERN STATESMAN
ANNOUNCES HIS VIEWS
Pleased With Report of Board
On Schedule K and viii Urge
Carrying Out of Its Recon-
mendatioNS,
iB, Morning Journal special Leased Wire |

tBy Morning JouTnat speciai Leareu hhe-t
Washington. Dee. 24.-Congress Is
to have surfeit of bills revising the
woolen tariff schedules and a hard
fight is assured Immediately after the
holiday recess.
Democratic members OF the ways
and means committee already have
begun the preparation of bill; the
republican members of the committee
also are preparing wool bill and
Senator Smoot of Utah, a member of
the finance committee today said he,
too. would prepare bill.
II am pleased with the tariff
boards report on Schedule X, Sem
ator Smoot said, "and hope that the
findings of that board Will be ac-
cepted by the American people"
Senator Smoot submitted for con-
isderation of the public the follow
ing ideas as 10 revision.
THE report shows that fine ana
the medium woods, which represent
nearly so per cent or our domestic
clip, costs TO produce from eleven 10
twelve cents per pound. The remain
ing twenty per cent being the coarsel
grades, costs less, Australia and New
Zealand produce great quantities OF
wool that come into competition with
American fine and fine medium WOODS,
as the profits from the sale OF NUT
ton and sheep for stocking other
runs pay in normal year. the en-
tire station expenses.
Let us allow two cents pound
to cover extraordinary losses thal
may be caused by ealamitous droughts
in Australia. We then lind dltlef-
ence OF the net cost of producing
fine ana fine medium woods in thls
oountrv and Australia and New zca-
land of nine to ten cents pound.
"The report shows that western iine
woods shrink on an average OF % PEI
cent Ohio fine wools 60 per cent
and the lower grades of woois aa aN-
erage of 45 per cent; whlle the na-
tional average is about go per cent
Imported woods now coming III
Oargely skirted fleeces) shrink near
lv SO per cent 1t is generally con-
ceded that the average shrinkaSe u1
Australian woods unskirted would be
55 per cent or more.
Il approve the presidents plan OF
levying duties on wool by a single
spectnc duty passed upon the secured
pound. with all woods now CLASSIFIED
as first and second class thrown To-
gether with one rate; and third CLASS,
or CARPET woods at another and lower
rate.
If the difference in cost of prod
ueing wOols other than carpet anu
lower grades in this country anu
abroad is nine cents a pound ana the
average shrinkage of fine ana me
medium woods imported Is Do per
cent then the actual rate Of duty on
the secured wool content should pc
twenty cents a pound
Il will support Il single rate or
duty, based on the secured cohteh'
of wool of the first and second class
of twenty cents a pound, ana am con-
fident that the wool grower VIII re-
ceiye as much protection as he is new
receiving based upon the eleven
cents per pound in the grease or d
supposed protection of thlrty-three
cents on each secured pound.
"The rate Of twenty cents pound
will be the basis for a compensatory
duty for secured wool used In the
manufactured product Instead OF
thirty-three cents per pound in the
present law.
The rate of duty on carpet wools
should be considered more from a
revenue basis than a protective one,
and in my opinion ought to be ten
cents per pound ~on the secured con-
tent
The determination of the shrink
age Of each shipment of wool INTO
this country must be by testing every
bale or bag In government establish
ments.
Il would like to see the rates hlgh
enough on rags and low grades OF
shoddv to prohibit their importation,
as we have enough of that class OIL
1ttl4 IA
The compensatory duty levied up
on Woolen and worsted fabrics should
be specific duty of twenty-seVen
cents a pound, being the twenty cents
levied on secured wool and seven
cents allowance for loss in manufac-
turing (instead of forty-four cents as
now provided on goods valued az
more than forty cents a pound, ana
graduated ad valorem scale TO
equal the difference of cost of pro-
duction in this country and abroad.
The report shows the average cosl
ol manufacturing woolen and worsteo
fabrics here is about 10 per CEN
more than in England. Assuming the
average manufacturing cost here &c
De forty per cent of the total cost the
average ad valorem equivalent would
then be i20 per cent of forty per cent
or forty-eight per cent on the mar
ket value. The present law provides
fifty per cent to fifty-five per cent
The rates ] have named are the dill
terence between the cost of produc-
uon here and abroad with no allow
anee for a reasonable profit.
Barring the prohibitive rates or
low grade mixed goods the present ao
Nalorem rates are not far from righ'
on the great bulk Of wool and worst
ca fabrics but in the future the rate
must be graduated so as to not over
protect the low grades of mixed fab
rics.
i have always claimed that the