Arizona republican., 1921-12-19

form a basis for legislation possess ing permanent value.
 The members of the committee that made the report are: Harry A. Wheeler, vice president Union Trust company, Chicago, chairman.
 Julius H. Barnes, wheat exporter, New York.
 W. L. Clause. chairman Pittsburgh Plate Glass company, Pittsburgh. Thomas H. Eddy, Marshall Field & Co. Chicago.
 Emory R. Johnson. dean, Wharton school of finance, Philadelphia. Van H. Manning, director of re- search, American Petroleum com 1 pany. New York.
 Harvey J. Sconce. agriculturist, Sidell, III.
 Alexander W. Smith. lawyer. At l lanta.
 George Ed Smith, president. Royal 1 Typewriter company, New York. l Horace M. Swetland, president. l United Publishers corporation, New
 York. l Van A. Wa1lin, president. Tanners | Products company, Chicago. 1 Frank c. Wright, transportation l executive, Bangor, Me.
 The committee was unanimous ex- cept with respect to American valua- l ton, which MT. Clause favored. I The difficulties that have always attended any consideration of tariff l questions due to the conflict of in- terest were faced by the chambers | committee, which points out that il is dealing with subject in which self interest, industrial adva utage territorial welfare and political ex- | pediency divide the people into minor and major groups of active contest
 ants.
 "Economic advantage to be gained or at least economic disadvantages te
 be avoided,'' says the committee
 seems to be the dominant motive IT the struggle over tariff revision anc no schedule. principle. or method ol
 administration calls for an exercise ! of patriotic devotion that would make
 secondary either personal or geo.
 graphic interests.
 "The committee proceeds with tht
 presentation of it's findings. not witt
 a feeling that it has found new
 golden mean, though conflicting par ties may resolve their differences but rather that it is stating for itsel
 and offering the opportunity to th' business interests of the country t vote for or against the committed OtA phAASAPASo practices in tariff revision whicl
 seem to the committee fundanhenta to the promotion of the interests the public as a whole, to the reason able, safeguarding of our industria and commercial development, and t'
 the political and economic relation between this country and the rest the world.
 "Industrial preservation is com pelling the legislative bodies of prac tically all of the leading nations o the world to revise tariff scheduie and policies, having regard to poll tical as well as economic conditions , and the United States. now a cred .. itor nation with enlarged industrla
 development and expanded commerc in foreign markets. must therefor
 carefully adjust her tariff policies | her own changed relation to worl . affairs as well as to changed Wofl 1, | conditions-'
 In asking no vote on the quesuo :. of revenues. the committee explain !. that this subject has come to be on i, l of minor consideration. It says: I ..The revenue yielding possibilitie : of the tariff have come to be of Ill file importance in comparison Wit
 the direct effect of tariff leglslauo
 upon industrial prosperity. The GUS
 toms revenue for the years IBIS, lSi
 and 1920 constituted but per cei
 approximately of the total reNehu
 of the government; hence, that soure
 of revenue. which once played, an in
 nortant part in the cost of carryln
 on the federal government, has be
 come an almost negligible factor, an
 tariff for revenue only would prot
 ably not now be advanced as a ma!e
 party plea or as an economic conslo
 eration of vital importance to ot
 people in lessening the burden Of ol
 rect taxation