The Washington times., 1917-05-23

order to assure such producers a rea-
sonable profit.
Guarantee Prices.
Thereupon, the Government Of the
United States hereby guarantees
every producer OF any merchantable
necessaries produced within the
United States, for which a guaranteed
price shall be fixed by notice in ac-
cordance with this section, that,
upon compliance by him with the
regulations prescribed by the Presi-
dent, he will receive for any such
necessaries, produced in reliance
upon this guarantee within the per-
iod, not exceeding three years, pres
cribed in the notice, q price not less
than the guaranteed price therefor
as fixed pursuant TO this section. In
such regulations the President shall
prescribe the terms and conditions
upon which any such producer shall
be entitled to the benefits Of such
guarantee. When the President finds
that the importation into the United
States of any necessaries produced
outside Of the United States seriously
interferes or Is likely seriously to in
terfere with the practical operation
OF any guaranteed price therefor fixed
pursuant to this section, or materially
enhances or Is likely materially to
enhance the liabilities of the United
States under guarantees OF prices
therefor made pursuant to this Sec
tion. and shall so proclaim, there
shall be levied, collected. and paid
a rate of duty. upon the Importation
OF any such necessaries, the amount
OF which rate OF duty shall be ascer-
tained and proclaimed by the Presl-
dent. which amount shall, when added
to the value OF the article at the time
1t f. offered for entry, be sufficient
to bring the price thereof at which
imported up to the price which shall
have been fixed therefor pursuant to
this section and shall then be pre-
vailing: but in no case shall any
such rate OF duty be fixed at an
amount which viii effect a reduction
OF the rate OF duty upon any such
necessaries under any then existing
tariff law OF the United States.
Can Sell to Allies.
For the purpose Of making any
guaranteed price effective under this
section, or whenever he deems Il es.
sential in order to. protect the Gov
eminent of the United States against
material enhancement OF its liabilities
arising out OF any guarantee under
this section, the President Is author
ICED also In HIS discretion, to pur-
chase any necessaries for which a
guaranteed price shall be fixed under
this section, and to hold, transport,
store, sell, dispose OF, and deliver the
same to any person or to any govern.
ment engaged in war with any coun.
try with which the Government OF the
United States is or may be at war or
to use the same as supplies for any
department or agency of the Govern.
ment OF the United States. Any moneys
received by the United States from
or in connection with the sale or dis.
posal of any necessaries under this
section may, in the discretion OF the
President, be used as a revolving fund
for further carrying out the purposes
OF this section. Any balance OF such
moneys not used a part of such re
volving fund shall be covered into
moneys not used as part OF such re
ceipts.
Sec. 13-That whenever the Presi
dent shall md that any extrems
emergency exists requiring such &C
ton, In order to prevent or break cor
ners or to prevent extortion, he Il
authorized, from time to time, to de
termine and fix and TO give public
notice OF what IL the highest price al
which, under specified conditions, Il
Is reasonable TO buy. sell. contract
for. or otherwise deal in any neces
saries. Whenever notice OF any such
price shall have been 40 given anr
shall remain unrevoked, no person