The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-12-21

Very high grade). and OF low and
medium grade cloth OF heavy weight
Although these duties do not In.
crease prices OF domestic goods b,
anything like their full amount, IT /.
none the less true that such prohib,
tive duties eliminate the possibility OF
foreign competition, eron In time OF
scarcity; that they form u Temptation,
to monopoly and conspiracies to con-
troll domestic prices: that they are
much in excess Of tho difference In
cost of production here and abroad
and that they should DO reduced TO a
point which accords with this princi-
ple,'
Report IN several Weeks.
Congress will actively begin consid :
GRAFTON OF the tar!fr legislation In the
committees of the two houses immed :
lately after the holiday recess, though
Democratic leaders of the House. the
tariff originating body say that no
measure would BIO ready TO report for
some weeks.
Republican Loader Penrose, of the
Senate. said the Finance Committee
would begin its work in advance OF
the House, while Ismocratic Leader
Underwood declared thc bill would not
be whipped into final shape for report
until February. The committee, he
said, must decide just what rates
should be fixed after thoroughly COM
pairing its own data with the racts
submitted by the tariff board in the
report which President Taft submitted
to-day.
Senator Pcnrose announced that he
hoped the Republican Senators would
be able 20 formulate 4 bill to comply
with the tariff boards views. Repre-
sentative Underwood said the Presi-
dents message really pointed out tho
necessity of a great reduction in wool
rates and that nc had no doubt the
House would carry out the suggestion
MADE.
The President in his message" saiI
Mr., Underwood, ''favors placing Il
ppecific duty OF secured wool as {,
basis for Importation of raw WOOL in
stead of placing duty on raw wool
and then increasing the duty on scour-
ed WOOL! If the committee should
adopt specific rate for raw WOOL
there might be much in the Presidents
argument. but have no doubt the
committee will exact an ad valorem
instead Of specific duty.
Democrats Justified.
The President advocates ad valor-
EN- duty OH manufacturers of wool
In the bill passed last year the rates
were ad valorem based on Import
valuations, i'll contra distinction 10 tho
sS''ipptiu' SpctihC ana ~ Naloferl
rates now cNncted in the Payne AID
rich law. Tho President says the pres
snt duties on wool and wooden manu-
Iactures in many instances are prohi-
Ditire. have no doubt the Ways and
Means Committee will agree with him
MS to the necessity of n reduction Tho
message clearly tustities the Democra-
tic members i'll passing the wool bill
last year that he vetoed"
representative Dalzell. OF Pennsyl-
'ania. Republican leader on the Ways
and Means Committee. said the mes
sage clearly showed why It Is neces-
sary TO have wool legislation other
than that proposed by the Democrats
at the last session of Congress.
Il am sure" said Senator Pcnrose,
that We shall have n better bill than
the wool bill which was passed during
the extra session. The Finance Com
mittee will take up the subject i'm
nediately after the holidays, but
whether it Will be possible to bring
the Democratic House to the accept
ancc of such n bill as we might formu-
late l cannot undertake TO say"
senator Martin, of Virginia, Demo-