The New York herald., 1921-10-10

adds that this must be accomplished
without exposing the American con-
sumer to artificial imitation of prices
and the country generally to an in
.ensihcation of the present unemploy-
ment crisis.
Plan Is "Un-American."
The statement says in part:
There Is nothing good about the
American valuation plan except the
name American In every other re-
spect Il is un-American. unwise and
lisingenuous. The reasons advanced In
its favor by the authors Of the plan will
not bear analysis. In the guise Of re-
luced tariff rates. the Fortney pan
actually raises tariff rates excessively
and will eliminate foreign competition
in many lines. The American public
will have to pay the price for Govern
nent protected monopclies in the neccs-
saries of life. Under the pretence OF
reviving American industry, the Amerl-
can valuation plan will prolong pres
ent conditions Of unemployment and
throw thousands more out of work.
Never In the history of this country was
there greater need of wise tariff legisla-
'ou or greater danger from unwise
>e'~~'s 20 pvt the tariff in politics.
1--WE firmly believe in a tariff that will
protect American manufacturers and
American labor We believe that with
protection against cheap foreign labor
by a sound scientific tariff American
manufacturers and American labor. with
their superior machinery and methods,
have nothing to fear from foreign COM
petition, and can hold their own N the
markets of the world. Brt we are op-
posed to a tariff which will destroy our
foreign trade by raising a tariff wall at
the very period of our national life
when international exchange of raw ma
terials and finished products is more es-
.'al than ever before to the pros
perity Of our country. We are opposed
t. radical change in the administra-
ton of CUSTOMS duties at a time when
the hazards, burdens and difficulties 90
commerce have almost prostrated busi-
ness and have brought unemployment
to millions OF American workers.
Protects Favored Groups.
I'm brief. the pretended aim Of Amer
ican valua ton is to provide permanent
protection against non-existent emer-
gency. whereas its true purpose is to
provide certain groups of manufactur-
ers with excessive protection at the ex-
pense Of workers and consumers. II the
truth were known It would be defeated.
"If the res sons for American yalua-
t!cn are disingenuous. its workings can
scarcely be called anything less than dis
honest. No other word properly ie-
scribes a tariff RITE that calls itself 40
per cent. and really amounts to 1913 per
rer... or, as Is the case In some in
tances calls itself 40 per cent. and
reilly amounts to 1SS per cent. The diff.
ference lies precisely In the BIZ sis Of CAL
cule ton. Expressed as 4 percentage of
duty on the American selling price,
which Is the American valuation Tlan.
the figure may be only 40 per cent, but
the ectual percentage of duty. figured
on foreign selling price. which has been
the practically uninterrupted basis for
American tariffs since 1879, may prove
TO be anywhere from 12S to 1SS per
cent.
"And as prices will go up employ
ment will go down II the American
valuation plan Is adopted. Employment
Is possible only when there is mar
ket for the product Of field and factory
within the Republican party itself
sharpened understanding of these truths
has led to a distinct reluctance to pro-
ceeding with American valuation. II
the Republican party nevertheless per-
sist with this plan they will have only
themselves to blame for having legis-
lated themselves out Of their present
position Of Influence and power by May
ing football with economies and politics
WITH the tariff"