The Washington herald., 1921-04-13
BILL
IS ADDED TO HOUSE
TARIFF MEASURE
1t Is Designed to Protect
Against Unfair Com
petition.
LIMIT MONEY VALUE
Customs Will Base Worth as
Never Less Than One
Third Par.

An anti-dumpins bill, designed to
prevent the dumping" OF foreign
goods on the American marke. az
prices below cost of production or
CT sale IN the markets OF their ori-
gin. was introduced in the House
as a part of the emersen-
cy tariff legislation which heads me
program fixed sor the extra session
of Congress by Republican House
leaders.
The anti-dumpirg bill was made
a part Of the agricultural emergen-
cy bill, introduces in the House the
opening day of the Congress by
Representative Young, Republican,
of North Dakota. When that bill
was taken up by the Ways and
Means Committee yesterday, Mr..
Young was directed to AID the anti
bill, and the merged meas
IRE was introduced in the House
yesterday afternoon.
The Ways and Means Committee
is expected to report II favorably
at a meeting Chairman Fordney has
called for today, and its author
rlans to call II up Thursday with
the prospect of passage on that or
the following day.
Estimate Foreign Money Values
In addition to the anti-dumping
feature the new bill contains a sec
tion providing that in estimating
values Of foreign money for the col
lection of customs on imports. such
estimates shall never be lower than
Cne-third the par value of the
money. This is intended to correct
evils now existing in customs prac-
tices by reason of the very hea y
defation of foreign money values.
and will serve automatically to in
.rease the amount of duties which
shall be collected on imports, Rep
resentative Young predicted.
To stabilize the exchange situa-
ton, insofar as IL affects the collec-
ton of customs duties, the bill pro-
vides that the value of foreign coin
as expressed in the money account
of the United States shall be that
of the pure metal of such coin Of
standard value" and the values Of
the standard coins in circulation Of
the various nations" shall be esti-
mated quarterly by the Director Of
the Mint and be proclaimed by the
Secretary OF the Treasury imne-
diately after passage OF the act and
quarterly thereafter on the first day
CT January, April. July snd October
The values SO proclaimed shall be
followed thereafter in estimating
the value of all foreign merchandise
exported to the United States" and
the date of the consular certihca-
ton of an invoice shall for the pur-
poses of the act be considered the
date OF expectation.
Then the bill recites the proviso
that in the estimation and liquida-
ton of duties on imported mer-
cha ndise the collector of customs
shall not in any case estimate the
depreciation at more than 66 2-3
per cent"
The anti-dumping section Of the
bill provides that whenever mer-
chandise. whether dutiable or free.
is exported to the United States of
n class identical or comparable
with a kind produced wholly or in
part in this country and the sales
prices is less than the foreign home
value. or in the absence of such
value. lower than the value at
which ii is offered or sold in other
countries than the United States, or
in the absence OF both those values,
is less than the cost of production,
there shall be collected in addi-
ton to existing duties a special
duty equal to the difference at the
time of expectation.
Prevents Unfair Competition.
The bill is designed as a protec-
tion against unfair trade competi-
tion, particularly to prevent the
practice that existed before the
war and declared now to have been
resumed to some extent of bring
Ing goods into America and selling
them at prices sometimes even
lower than the cost of production
for the purpose of forcing Ameri-
can concerns out of business.
Prior to the war German manu-
facturers and exporters maintained
what was known as a yellow dog
fund" from which losses were made
up to a manufacturer or exporter
who sold his products in foreign
markets at less than cost for the
purpose of killing off competition.
1t Is claimed that il is particularly
hSSNcu loT tHc .pTotcCliOH Vi sO-
called infant industries and is a
part of the protective policy Of the
new administration.
The farmers emergency tariff
bill. introduced in the House Mon
day, was introduced in the Senate
yesterday and referred to the
Finance Committee. where 1t is ex-
pected that 1t will give place to
n 49,.
ing bill as soon as the House can
send IL nYer