South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-12-07
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large ~ there were ans other plan.
I would prefer IT, There S. q
manifest difference of opinion about
the merit of American Valuations.
Many nations have adopted de-
livery valuation az The valuation col
lection du-Ies shat 81 they take the
cost of Che imports delivered az this
port of entry ga the basis for levy
ing duty. IL De- no radical departure
- view o. conditions and the disor-
dered state OF money values 20 pro-
..Ie for American valuation. bu.
there cannot be ignored the danger
az such a valuation. brought % the
level 90 our own production costs
making our tariffs prohibitlve
"It might do 20 in many Instances
whore imports ought 20 be encour-
aged I believe congress ought well
consider the desirabillty OF the only
promising alternative. namely. a
provision authorizing proclaimed
among valuation. under prescribed
conditions. on any given list or ar
t.cIes imported
Tariff Adjustments
I'm this proposed feasibility. au-
tho-iziuz Increases 10 meet c0ndi-
t.ons so likely 90 change there also
should be provisions for decrease. A
rate may be just today and entirely
OUT of proportion six months from
today
IT tariffs are 20 be- equitable and
not necessarily burden our trade
frequent adjustment will be ueces-
sary for years 20 come.
Knowing the impossibiiity Of
mod fcation by act Of congress FOR
any ore OF a score OF lines without
involving n long array OF schedules.
] think we shall go a long ways to-
ward sterilization. 81 there is recog-
milton OF the tariff commissions fit
ness 90 recommend urgent changes
by proclamation.
ct am sure about public opinion
favoring the early determination Of
our tariff policy. There have been
reassiring signs Of "a business re-
vival from the deep slump which all
the world has been experiencing.
"Our unemployment which gave us
grave concern only a few weeks ago
has grown encouraglngly less and
new assurances and renewed conf
dence viii attend the congressional
declaration that American industry
would be held secure.
Debtors Cannot Pay?
4 ~
protective policy for ourselves. max
ing it impossible for our debtors 90
discharge their obligations TO u.s. This
is contention not now pressing for
decision. II we must choose between
a people in idleness pressing for the
payment Of Indebtedness. or a people
resuming the normal ways OF en-
ployment and carrying the credit.
let MS choose the latter.
Sometimes we appraise largest
the human ill most livid I'm our
are giving now, OF our influence and
appeals TO minimize the likelihood
OF war and throw Off the crushing
burdens Of armamen, II Is all very
earnest. with a national soul impeIl-
ing.
But o. people unemployed and
gaunt with hunger. face a situation
quite ga dishearteuing as war and
our greater obligation today is TO do
the governments part toward re-
fortunate and remunerative employ
Stunning productivity and promoting
Danger Of Valuation.
meut
Needs OF Farmers.
Something more than tariff pro
lection Is required by American az
riculture To the farmer has come
the earlier and the heavier burdens
OF readjustment There is actual de
preston in our agricultural industry
while agricultural prosperity IS abb
GOiutely essential 10 the general pros
perity OF the country.
Congress has sought very earnest
Is 20 provide relief IL has prompt
Iy given such temporary relief as has
been possible but the call is insist
emit for the permanent solution. It
is inevitable that large crops lower
The price and short crops advance IL.
80 legislation can cure that funda-
mental law. But there must be some
economic solution for the excessive
variation I'm returns for agriculture
production.
Farming Conditions
1T is rather shocking 90 be told
that 100000 bales Of cotton raised
ON American plantations I'm a given
year viii actually be worth more TO
tho producers than 100000 bales
would have been Equally shocking
So the statement that 100000 600 bu-
shells OF wheat raised by American