Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-12-21
TARIFF ON FARM
PRODUCTS
BY COMMIT TTEE

ket and check the price declines of
farm products were taken in the
house today through the combined
efforts of the western and southern
representatives in downing opposi-
ton raised by those from the east
ern manufacturing sections.
By a vote OF 212 to 81 the house
after three hours debate passed in
amended form the resolution of Sena-
tor Gronna North Dakota, providing
for the revival of the war finance
corporation to aid in the expectation
of farm products. The measure
must go back to the senate because
of the amendment, which struck out
the section expressing the opinion of
congress that the federal reserve
board should provide liberal extern
sions of credit to farming sections.
At the same time. the house ways
and means committee completed an
emergency tariff bill on farm prod
ucts in the record time of six hours
The rates were placed so high that
they are expected to act as an en-
barge against the importation of the
same products.
Veto Expected
The senate is expected to send the
resolution reviving the war finance
corporation to the president early
next week. and it is regarded as vir-
tually certain that he will veto it.
is believed to have expressed the
presidents view in declaring it un-
! wise for the government to try to
check the price declines by again en-
terlng this business field.
Votes in both houses, however, in
dictate that it can be passed over a
veto.
Representative Fordney. chairman
of the ways and means committee
expects to push the emergency tariff
Dill through the house next week.
Many of the products affected are
now on the free list. 1t established
the following tariffs for one year:
Tariff Schedule
wheat, 30 cents bushel; wool in
Inc grease, Is cents a pound; wool,
sklrted, 20 cents pound: sheep, un-
ger one year. 81 each: over one year,
~; mutton and lamb, 2 1-2 cents a
pound; cattle, 30 per cent ad vaIorem
wheat flour. 20 per cent ad valorem
corn, 10 cents bushel; potatoes, rs
60 DNohSA' OIIlOilS, ~ cents a
pusnel' peanuts and beanS, cents a
pound; rice, uncleaned. ia cents a
pound; cleaned, cents; long STAPLE
COTTON, cents pound: cotton seed
Soya bean, cocoanut and peanut oils
~ cents a gallon.
The committee decided to ask the
treasury department for figures as
TO 5he difference in the cost of
production between wool products.
including cloth and clothing, here
and abroad.
The Republicans, backing the
Obtained Democratic support through
| the inclusion of cotton and the
vegetable oils. which come into
considerable doubt if the Democrats
of the south will turn their backs
on, their historic traditions and
vote virtually solid for a protective
| tariff for the first time in the his
| tory of congress.
| large cities and manufacturing re-
| glonS that the house, after attack
ing the administration for two years
| for failing to reduce the cost of
tempting to drive prices up again
| at the first sign of a drop, had
| little effect. The western-southern
combination worked perfectly and
/ showed unQer this opposition.
| Would Add Others
l. The eastern representatives claim
| ed that if all this legislat ton is pass
| ed, the government should aid the
manufacturers and working men
who also have suffered losses dur
1t is certain that when the emer-
gency tariff bill reaches the floor
efforts to tack on amendments to
affect many other products will be
made; This may cause it's eventual
pected to veto the tariff measure
In opposing the revival Of the
| war finance corporation, RepreSen-
| tative McFadden. Pennsylvania,
chairman of the banking and cur
government had reached the limit
of credit expansion and that it
would be unWise to endeavor to stop
the present deflation.
"Rehabilitation of the war finance
ton" he said. Further initiation
means higher prices. This is an
avowed object of the supporters of
| this resolution"
| Representative Walsh, Republi-
Republicans for going before the
country on a pledge to reduce the
| cost of living and then "endeavor-
ing to send it back up. a month
| election.
Until the consuming public be-
| gins to get the benefit of declin-
ing prices, I fail to see why we
should attempt to check them" he
said.
II object to this system of ex-
bag every time somebody sustains
a loss,' said Representative, Phe-
Ian. Democrat, Massachusetts. For
two years the Republicans have
ministration was forced to suspend
the operation of natural economic
laws during the war, and now it is
proposed to again check their oper-
alton There is business depres,,
sion estimated at 70 per cent and
the loss to the farmers is some
thing they should bear in unison
with the other interests of the
country"
Supporting the resolution. Repub,
cent price declines have affected
the farmers more than any, other
class and that it is unwise to have
such sudden decreases.
Europe wants our products' en-, NJ
plies which they can not sell. Prl.
vate capital can not furnish the
long time credits necessary; 1t Is
up to the government to aid l pc.
lieve no harm can be done by The
Representative Stevenson. Soutl
Carolina. and other Democrats iron
the south attacked Secretary Of tn
Treasury Houston for opposing the
revival of the corporation.
This congress has .approprlatee,c
nearly $4,000, 100000 for the rail
roads and now there. is cry
; against it setting aside far less tt
prevent thousands of farmers from
going into bankruptcy" he said:
! Secretary Houston" said Repre-
sentative Wingo, Arkansas, says tn
government can not check the deciln
ing prices. DO you believe that thi
great government that won the wa
mas not that power"
First attempt to defeat the reso
luton was made by RepresentatV
Luce, Massachusetts, who claimed
was a revenue measure and theS'
fore could not originate In the sen