The Washington herald., 1921-07-15
MATERIALS
BODY APPEALS TO
FEDERAL AGENTS
Present President and
Solons with Ad Criticiz-
ing Fordney Tariff.
QUOTE EDITORIAL
~n~s... I.1.,.k~x, "sII Ra
QUOTE EDITORIAL
American Industry Will Be
Curtailed Unless Harding
Interferes, They Claim.

There was presented yesterday 20
the White House. each member oi
the Senate and the House of Rep
resentatives a copy Of yesterday .
issue OF the New York Journal OF
Commerce and Commercial Bui'e-
tin, containing a one-page adver-
tisement of the bureau Of raw ma
terials for American vegetable oils
and fats industries composed OF
soap manufacturers, edible oil re-
finers, oil compounding concerns
manufacturers of Oil products for
the tanning industry, and allied In
dustries, carrying an appeal TO
President Harding to inteTcede on
the behalf of American industry In
the enactment of a new tarin act
There are quoted in the adver-
tisement editorials appearing in the
New York Journal of Commerce ana
Commercial Bulletin under dates OF
July 6 and z. relating to the tarin
and following thereafter the views
of the members OF the bureau bear
ing upon the necessity of the COM
plete reconstruction of the Fordney
tarlH Dill as IL stanus.
Dire Situation Promised.
The members of the bureau state
in their advertisement that II
President Harding does not take the
matter in hand. and unless our ad-
ministration in Washington insists
on the complete reconstruction OF
the tariff bill as II now stands.
American industry and commerce
will be seriously curtailed," con-
tinuIng further as follows: "A
tariff law should define a broad ma
tional policy, promoting Industry
and commerce. providing revenue
for the government, and providing
national program for commerce
and industry and constructive
program for participation In world
trade"
This tariff bill does not encour-
age and promote American industry.
1t proves no constructive program
for the United States as a nation
OF the whole to expand its foreign
trade. which is an absolute neces-
sity for our Industrial activity at
home to be revived.
AN outstanding feature OF this
bill is the increase made in the
rates of duties on great many
raw materials required by many Of
the largest and most important in
duties in the United States and
the imposition of duties on other
similar raw materials which have
always hitherto been free of duty
in previous tariff acts
The American manufacturer
must purchase raw materials from
foreign sources at prices inflated by
this tariff. In many cases the duties
will be prohibitive and he cannot
purchase at all. European indus
tries will enjoy free field the
world over from which TO draw raw
materials. Under these circum-
stances. the American manufacturer
cannot manufacture and export to
foreign countries in competition
with his European rivals
Menaces Labor.
Through this bill American labor
which is being asked to meet the
downward adjustment Of wages is
at the same time to be foned to
pay artifcally high prices for many
necessities of life, OF which for
eign raw materials are a necessary
part.
THE United States produces a
surplus of our principal farm-grown
products and II Is automatic that
no tariff on such materials can in
duce the buyers of Europe to pur-
chase this surplus and pay a penny
more than the world level Of values
for these products.
THE Emergency Tariff Law has
already proven that we cannot cre-
ate an artificial level of values for
those raw materials of which we
produce an exportable surplus. Any
advance of values of such commo-
dities that has taken place during
the operation of the Emergency
Tariff Act, has been due to a world
wide advance, based on the world
wide law of supply and demand. and
is in no way attributable to the
Emergency Tariff Act"
Fails as Revenue Producer.
'As a revenue producing measure
this tariff bill would be a failure.
Legislation which restricts Conn
merce and industry and interna-