The Washington times., 1920-12-27
DENY PLAN TO JAM
TARIFF THROUGH
ADEQUATE Consideration" to
Be Given Measure in
the Senate.
Continued from First PaseD


therefore, it should be referred to the
Commerce Committee"
THE Senator is throwing his own
conclusions--based on his own as
sumptions-that the bill will not be
given adequate consideration by :hn
HFinance Committee" McCumber said.
Il desire to allay the Senator's fears
in that respect. The bill will be
given the fairest and fullest cons'd-
Grafton by the Finance Committee"
OPPOSED BY HITCHCOCK.
Hitchcock in voicing his opposition
to the bill declared it was mot bill
to raise revenue, but to regulate COM
merce by barring out imports at
time when those imports are greatly
needed by this country"
How can we get rid OF the great
surplus of our own products If we
refuse to exchange them for the pro-
ducts Of other nationsS" Hitchcock
inquired. 1.-THE credit facilities of our
banks have been exhausted to such
an extent that our people can no
longer get credit, and are being
forced, for lack of foreign market.
to dump their products on our home
markets at runious prices.
What we require are imports to
DalanCe Oa1dnCe our eApOTlS. we can
not sell out products abroad unless
we give foreign nations an oppor-
tunity to sell their products to us and
thus provide themselves with suf-
ficient money to buy our products.
CREDITS ARE EXHAUSTED.
"Our credit facilities are rapidly
approaching a state OF exhaustion.
We must extend credit to foreign ma
tions, IL we are to do business sue
cessfuIly with them, and yet in this
proposed tariff bill be propose to bar
those nations from trading with us.
The farmers Of this country must in
evitably find foreign market for
their products, or they will face
bankruptcy and ruin"
McCumber said the House Bill
would provide three to one half cents
a bushel for wheat.
1.-The plan to protect the American
wheat growers is either a snare or n
confidence game" Hitchcock retorted.
"lf'we bar Canadian wheat from Chi
cago the wheat grower will meet
competition in Liverpool.
Canada sends twice as much goods
to the United States as we purchase
from Canada. An embargo may be
of some value at this time but IL will
hinder our trade in the future.
NEED NEW MARKET.
what we need is And a market
for our over product. We should be
against trade. We should instead
provide credit for the movement
abroad OF our products"
zl,.l.~ 81
dian surplus as well as our own sur
plus without a foreign market to take
1t to-" McCumber replied. why
should tn. farmer be made the goat
in all instances7"
McCumbcr opposed the motion OF
Hitchcock that the bill be referred
to the commerce committee instead
Of the Finance Committee. Tho bill
will be given close consideration by
the Finance Committee after the nrst
OF January.
81 do not think the motion OF tho
Senator from Nebraska was made In
good faith" Senator smoot, Republi-
can, OF Utah declared.
QUERIES ny REED.
Take wool for instance" smoot
continued. "It there was not pound
of wool imported into the United
states and no wool clipped here for
two years there is enough wool here
to last us two years There Ia 90
100000 pound Of wool enroute here
from other countries"
ar there is a two gear supply here
how will this help the wool grower"
Senator Reed, Democrat, OF Missouri
asked.
at VIII prevent tho further in |
AUX OF low priced WOOL &mUut saiG. !