Five Mile Beach weekly journal., 1921-07-08
New Tariff Measure, Restoring
High Protection, Is Ready
for Congress.
LONG DEBATE IS EXPECTED
President and Dawes Begin Work OF
Reducing Expenses-House Accepts
Borah Naval Holiday Amendment
DE Valera Declines Lloyd
Georges Invitation to
Conference.
BY EDWARD W. PIcKARD.

After four months Of hard LABOR ue
ways and means committee or the
house has completed the new per1na-
nent tariff bill. It will be formally
reported to the house probably De-
fore the end Of the current week
Then will begin a debate that Will
seem like the good old times, for the
measure drastically revises the tarin
law under which we have been operat-
ing for eight years and restores the
principle of high protection for Amer
lean industry. Members Of the COM
mittee estimate It will bring In a rev.
u u as high as $700,000,0OO a year
more than twice the amount pro-
duced by the Payne-Aldrich law.
OF late years many Democrats have
changed their attitude toward the tar
If to a considerable extent. admitting
the truth Of Hancock's dictum that
it Is a local issue and favoring real
protection for the industries Of GER
tain parts Of the country. But few
If any Of the minority members OF
the house can be expected to swallow
whole this new bill without going on
record as unfolding In general the
traditional policy of their party-a
tariff for revenue only. A long debate,
therefore, may be expected. T
There are some Republicans, also,
who are opposed to certain features
of the measure and the closing eve
nings OF the week were given up to
| caucuses Of the Republicans to COM
| pose their differences. In several re-
| spects the committee yielded at the
last. For instance, 1t Is left to the
discretion of the President to impose
the duty on lumber planed on one
or more sides and tongued and grooved
equal to the rs per cent ad valorem
| Canadian duty. The committee -aise
gave In to the demand Of the smaller
oil producers and put a duty Of *
cents per barrel on crude petroleum
and Is cents per barrel on fuel oil.
Among the more important genera
features Of the measure are the follow
ing:
American valuation Of imports Il
provided for, the century old system
of foreign valuation being abandoned
Broad powers are given the Presi
dent to make reciprocal tariff relation
with other countries.
Duties much higher than In the for
mer Payne-Aldrich tariff law are i'm
posed upon chemicals and products o
other industries established during tn
war which are considered essentia
from a standpoint Of national defense
~Far-reaching powers are given t
the tariff commission In restrictin
imports Of dyes for a t~hree-year p,
Rod.
Duties on automobiles are reduce,
In compliance with the request of tn
manufacturers, who advanced the a
gument that such action would caus
other nations to remove high dutit
on American cars.
Protection on agricultural produc'
= about equal to that of the Payne-A
drich law Is given, rates IN sever
instances being less than In the eme
gency tariff law now In effect.
Duties on wool are on an entire
different basis from former laws, al
, it Is a matter of controversy wheth'
the basic rate is higher or lower tbs
in the Payne-Aldrich law.
Among the commodities on the fir
list ire: Agricultural implement
animals imported for breeding pu
poses, anthony ore, antitoxins al
vaccines, bread. chromite. coal, coba
cocoa, coffee, copper ore, cotton, co
bark, iron ore, leather, shoes hide