The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-04
Hoover Declares For
4 Protective Tariff
''Of a Large Order"
Revived German Commerce,
He Says, Is Fast Driving
Certain American Lines
Out of Business-Shows
Substituting System.

Washington, May 3.-1rmed!a;e con-
gre$Sional action to check the inr0ads
Of German foreign trade in the United
States was urged today. BY Secretary
Hoover before the house way and means
cummittec. \ revived German commerce.
ne said. was fast driving certain -Anleri-
can linrS ont o. business.
The commerce department head de-
clar"d f~r q protective tariff "of ! largo
order and spoke tavorah!y Of tho ron-
tsmplated change IN policy with respect
10 :hN basis ~ assessing import duties
The committee Is considering the eS-
tah.i$hm"nt az An american standard Of
valuation TO supp'ant the present Sys-
tenn of lcvyinG tariff on the value OF
imports IN the !and Of production.
Such 4 plan. Mr.. Hoover said. op-
prared to BE- the only solution I" the
problem OF meeting sales by Germany
and other foreign countries whose cur
rency is badly deprecated. Wh!i" de-.
clarins II to be unnecessary n normal |
times, he explained that the cX'tenc'es
OF present trade condition Warranted
action Of the sort proposed in thr b!hS
h"tc-- the COMMITTEES.
German Subsidy.
Germany continues tho policy "t m
directly S,ibSidizing her industries. Mr..
Hoover. said. adding that on thu basis
OF reports by federal agents the SUBJ
s!dy amounted 70 around 80 per cent. ot
thr production costs.
The methods pursued N substituting
the in,iustr;als Of Germany. according Z"
Mr.. Hoover include Il heavy con;rihu-
zion TO the railroads and other pubic
utilities. expenses for services. he "a ID.
which Justly should he assessed thru
channels not governmental"
Many local subsidies exist throughout
thu German nation. Mr.. Hoover added.
all Of which have AN indirect effect on
the selling prices Of German commo-
dities abroad.
The Germans arc able 10 accomplish
the program BY the issue OF unlimited
, quantities OF paper currency. Mr.
Hoover said. He expressed the belief,
however, that this policy would lead 10
inevitable disaster" It's continuation
Dermanetly can not be conceived. he ex-
nla,ned unless all economic laws are
discarded.
Cheap Production
The secretary made It plain THAI while
subsidies were continued the German an
dustr!al nation was placed solidiy N a
rosttlon for cheap production. He cited
s,c.l prices quoted BY German nsms IN
neutral markets az 81 ton below
American prices on thA sSne grade.
Other lines Of American trade were SUI
tertnx likewise outside "f the United
States, II" said. adding that while these
cou,d no, be controlled. the HON" mar
Le; cou!a/bA projected against the m
creas!ng' stream.
Tho committee also heard other arGu-
n,ents for and against the valuation
change during the day. Members OF the
COMMITTEES gave evidence of being by no
means agreed on tho questions. and the
session was productive II crosstire or
exchanges.
The senate is expected 20 take up tho
emergency tarin bill TOMORROW; Leaders
had planned TO start debate on that
ma asurr today, but .tS conSidcra tion
was delayed by discussion on the i'm
rniErAt.on bill.