Evening star., 1921-06-30

The average rate Of duty in the ad-
ministrations tariff bill. introduced yes
terday in the House, will range between
1s and 30 per cent according to unoffi-
cial estimates, as compared with 1885
in the Payne-Aldrich bill, Chairman
Fordney of the ways and means COM
mittee declared today. The Underwood
average rate he added, was per cent
and the Dingley average. 26k per cent.
But when we are able to work out
accurately the correct figure it will be
found that the new bill will run slightly
below the Payne-Aldrich measure" Mr..
Fordney said. "On manufactured wool
our rate is less than schedule K"
Report Wednesday.
The chairman said he was preparing a
statement in advance Of his formal re-
port, which would clear many doubtful
points in the bill.
Under a change OF plans today the
measure will not be considered by the
full committee until "Wednesday, after
House members have returned from the
holiday over the Fourth Of July. 1t will
be reported that day. Democratic men,
bers Of tho committee already are at
work on a minority report, in the hope
of submitting it along with the majority
views.
The bill as 1t stands will be taken
up by republican caucus tonlsnt IN
an effort to reconcile all dlnerenceS
SO that the party may present solid
front when it is considered in the
House next week.
Mr.. Fordney indicated that rule
would be obtained which would pre-
vent amendments on the floor except
those offered by the committee. Sew
eral loose joints. he said. would be
straightened out, and the expectation
is that the committee itself will oner
q number Of amendments. No radical
changes, however, are contemplated.
1t was explained, unless ordered by
q vote OF the republican caucus.
500. 1000, 600 Revenue.
Preserving a large free list, and
giving the President powers to re-
taliate for foreign levies. the perma :
nent tariff bill is unofficially estimated
to produce s7o0. 100000 in revenue an
| nually. The Payne-Aldrich measure
| in pre-war years yielded a little over
| $500, ,000.000 per annum.
No explanatory statements accom-
| panied the introduction of the meas
| ure as heretofore has been customary
| and no official estimate was made OF
the revenue it is expected to return.
| Examination Of the bill. which COW
ers SAG printed pages. shows that in
| some cases the rates proposed are
higher than corresponding rates Of the
| Payne-Aldrich law. while others are
correspondinEly lower.
| An estimate of how the whole bill
| compares with the Payne-Aldrich law
would only be possible by tariff ex-
perts making a detailed study. be-
cause the schedules Of the new bill are
| in many cases not framed in parallel
with the schedules of the Payne law,
but are differently constructed.
u. $. Valuation Allowances.
In arriving at the estimates on the
average duty in the pending bill.
Chairman Fordney said. allowance
had been made for the American
valuation plan of assessment. Be
cause of the higher values in the
American market, the rates OF duty
may be reduced. the committee has
estimated. by 80 per cent. without
lowering the protection the rates
| they will produce.
In other words, he explained.
| duty Of 20 per cent, II based on
| American valuation. will produce the
| same revenue and afford the same
| protection as a duty of 100 per cent
| if assessed on the existing foreign
valuation plan
Protest on Lumber.
| Republicans leading the fight against
! any tariff on lumber declared today
! they were not satisfied with the lum-
\ ber schedule, and would protest at the
| party caucus.
Representative Newton. Minnesota
spokesman for the delegation which
| recently protested to the ways and
means committee. said those standing