Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-03-28
REPORT or TARIFF
BOARD IS NOT
TENABLE
BASED on Wrong Theory De-
Clares Report Of Chairman
Underwood Of Ways and
Means Committee.

washington. March a7.--Thae The
tarin hoard In It's report TO congress
on the wool acheduie proceeded upon
an cntirelv erroneous theory ana that
tt8 report was tuntenable" - the COZ
cinsion Of the, Bem6erntic members
% use Ways ana Mems committee Of
tho house rs set forth 81 a report pre-
pared by Representative Underwood.
chairman pf tfe committees In connec-
zion with the rc-intfohaction Of the
wool bill placing a 20 per cent ndva-
loren duty on ripw WOOL
This GILL; which after slight rcvis-
ion Ia conference last summer, was
vetoed by President Taft, who gave
then az his principal reason for exc
erclsc OF the veto power that the
tarif board had made no report on
the subject, Last December the
board reported ana the Democratic
members Of the wase and Means
committee, after an analysis Of this
report. reintrOduced the old bill
claiming sbat there WAS nothing in
that reportto Justify the charges.
summarizing the conclusion Of tho
committed. Chairman Underwood
says,
"A careful and painstaking analy-
sls uf the wool report of the sarin
board dictates conclusions as follows:
The theory o. applying tarlff du-
ties according 10 the difference In the
cost Of production In this and In for
eign countries, upon which tho board
has projected and prepared It's re-
port, Is entirely erroneous and un-
tcnahle. Furthermore. II this theory
could have been systematically and
carefully applied. II would not have
Afforded trustworthy results for guild
ance IN preparing tarsn LEGISLATION.
THE boards report n fgngmentary
and incomplete, and rests on an incor-
rect statistical basis. Hence Il has
no claims to- confidence for the re-
sults set forth therein, even should
the reliability OF the theory OF the
cost Of production be- conceded.
Those persons who are willing 70
overlook the lack OF theoretical
soundnlss and OF statistical accuracy,
will find the data OF the report too
frRgsnentary and incomplete 20 adj
NIT Of conclusions with reference to
rates OF tariH duty. Even under the
most favorable Interpretation OF thu
report, copclusl0ns as to duties can
be reached for only 4 few paragraphs
OF the wool schedule, and for these
Paragraphs q y not possible to for
emulate deapite cpnclusinua. because
the iigares' esR aVti,ie ~ sliia sreF.wagy
lack uniformity and compatibility
SO mach Is this this case that iustiii-
cation is apparently aforded Ia the
report for rates that are IN conflict
with one 8nothor. IL ~ thus seen
that che report leaves the question
OF the taSiff duties on wool as much
unsolved as before the tariff board
WAS formed.
SO far as conclusions caa be drawn
from the boards report. It furnishes
nothing 20 Justify any change IN the
rates proposed IN the present bill
'ln making the computations from
which have resulted the rates as JUS
titled by the tarim boards data, The
most expensive and difficult condi-
lions indicated by the data as attend
ing production have been employed
with "a view 10 being more than sust
an the conclusions. TIE necessity OF
projections 10 eQuallze the difference
IN the cost Of production beyond the
rates carried by this bill exists In but
few instances. and these are in al
probability the resuit Of high costs
which have been presented By thC
board and used In the computations
sion and n. X. 20. 1876 Of this session
no intentional provision was made
FOR protection, tho Sndeavor being "a
reduce and adjust rates With a vieW
90 producing the largest amount OF
revcune consistent with the proper
cOnsiderauQn OF the consumer. II q
believed THU the rates Of this hlii ap.
preach very closely. az least, 20 the
bert rcTenilp producing points, auu
that rates should. u enacted llto Jaw
permit such quantities OF imports az
VIII effectively regulate domestic
prices. Such competition would bs
an important service 90 tlsc people. a,
a. would encourage Increased con.
sumption and production by makiH1
more nearly normal the conditions OF
supply and demand, The report OF
the iarin board. SO far as IL admits 81
conclusions, shows that the rate,
which meet the consamers needs alsg
sufficiently satisfy those of the pro
duoer"
After revising the Democratic az
tempt OF last year 10 secure revision
Of the wool schedule and the preai
Dental veto, the committee quote,
the report on the original wool BIZ
20 the effect that IA would be triflini
with tile people % give further con
Fderation 10 Republican cOunsols o.
more delay I'm thss matter
Notwithstanding this conviction,
the report continues. ":he Democratic
majority Of the house of representa-
tiNrs, impatient % fesuond 20 the de
manda Of the people FOR the speed,
revision Of schedule OF lndefensi
Die rates. WAS forced 90 delay fur
thor effort 90 respond 60 the protest.
OF the American people"
Tho meesage Of the president sun
hitting the report of the tariff boar,
ana his recommendation that th'
boards findings be used as = basis fo
reduction Of rates, % tnen quoted
and the committee comments
''rht committee has made a careful
analysis OF the report of The tariff
board Gn order 10 interpret the ana
inRs and 20 discover in what paruc
ulara the Commuters PHI of the las
session wnE defective, OF failed q
adjust the duties in an equitable an
proper manner. This analysis ha
failed 10 reveal anything taat re
uuires a single change IN the rate
nkcd IA the ooWmilsee's Bin, and Ia