Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-12-15
OPPOSES G|v|NG HARDING
RATE-MAK|Nc POWERS
Wool Manufacturers Associa-
ton Head Against Presi-
dents Tariff Plan.
SAYS WOULD MEAN CONFUSION
New Yorker Asserts Proposed Wool
Rate Adds S"50.OO0,OO To A,ncricn's
Clothing Biil In 0rdc, Ia Protect
SG5.0OO,VOO Industry.
lBy Associated Press.

WASHINGTON. Dec. l4.-Presi,icnt
fardimg's proposal 20 Congress that
he be given authority to adjust tariff
rates rs changing conditions might
warrant is altogether impractical l o
and undesirable.' John u. Wood. OF
Philadelphia. prcsidcn; OF Tho Ma
iional Association OF Wool Manufac-
;Urers, declared today before the SEN
ate Finance Committee at hearings on
tho wool schedule in the permanent
,arin bill.
such . plan. Mr. wood said. would
Nccp Industries "ln state OF unrest
St all times ana would result, in
coDst0-t pressure Gor changes in rates
being brought TO bear on the prcsi-
deN and the Ta-iw Commission,
watch, Under Mr Hardirg's proposal.
would recommend the changes in
rates = Jhe Fres!deu; within the
iiHs'tst!o4s az maximum and minimum
tSIrss 10 b 6Ned by Congress.
Would unscttle business.
my Viao ;ha; taxes out o. ;hc
hands G.. Congress tho power 10 fix
ratSs for = dcanite timc would bc
UnsetlirS 70 business" Mr.. Mood
scntinUSd. There would lie constant.
hearings before the Tariff Commits
Zion, and we feel that the commits
Sion would make no moro rapid pro-
cress in reacbinE decisions than tho
Interstate Commerce. Commission
makes. and everybody knows how
last that is"
Senator's Smooth. Of Utah. and Wat
son. OF Indiana. Republican mentors
90 the cammit,ec. differed with SIR.
Wood, arguing that the plan proposed
would result, in less uncertainty for
business III this country than would
otherwise follow the liquidation i'm
Europe and the changing values Of
currcncics abroad. Senator Smoot
declared tina; under present condi-
tons Congress would have to dele
=aic authority as 10 tariff rates In
some such manner as suggested by
,EQ President
r:c'ic,e Clouds Soon Ia Pass
Whlic agrceini; that business here
would have 10 suffer some measure
"t decentralization because of condi-
tons overseas. Mr.. Wood said he did
not bcllev" present conditions would
last as long rs some students thought
they would.
What we are most concerned
with" he added. lis that there shall
%" an adequate and balanced tariff
as speedily as possible. and we fear
tina; any new element in the situa-
ton viii cause delay
In a formal statement read to the
committee. Mr.. Wood suggested in
effect that the entire wool schedule
In the Fordney bin be rewritten on
the old grease basis instead OF on the
basis OF The clean secured content
and that higher compensatory rates
be granted on manufacturers nj wool.
lie did not suggest any specific basis
rate on raw wool. saying merely that
his association advocated wool du-
t.es adequate 10 protect the domestic
Industry Of sheep husbanlry." lie
approved of the American valuation
iian as the only feasible method
suggested 20 offset the dcpreciating
foreign currency"
tdd $50 .0OD 900 10 CloIhing nilI.
Protesting against the basic rate
OF 70 cents = pound on clean raw
wool PROPOSED by the Fordncy bu
William Goldman. Il clothing manu-
f"c'Urcr OF New York. said that II
would IN can q tax Of $3.50. 100000 on
me annual clothing hill Of the Amer
lean people. in order TO protect the
wool growing industry with an an
nuai output valued AZ S65. 600. coo"
Declaring that there was mo lim,
ia tie audactiy Of the representatives
"f the wool @roReEs" Mr.. Goldman
declared their .aqIss;s 'f5f protection
we're ''absurdiy cStvavagant" and
prrpostcrous."
Senator smooi took exception 20
M "a Il \,
Mat Whatever rroNtccrinG was done
vas not cone Ivy the growers. lie
Thought Retailers wcr. responsible
Tor mm.h OF H. Inn Mr. Goldman d.