Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1921-07-14
NEWS REVIEW OF
CURRENT EVENTS
New Tariff Measure, Restoring
High Protection, Is Ready
for Congress.
LONG DEBATE IS EXPECTED
President and Dawes Begin Work Of
Reducing representations Accepts
6orah Naval Holiday Amendment
DE Valera Declines Lloyd
Georges Invitation to
Conference.
Rx HOWARD w. PIcKARp.

After four months of hard labor the
ways and means committee of the
house has completed the new perma-
nent tariff bill. 1t will be formally
reported to the house probably be-
fore the end Of the current week.
Then will begin debate that viii
seem like the good old times, for the
measure drastically revises the tariff
law under which we have been operat-
ing for eight years and restores the
principle Of high protection for Amer
ican industry Members Of the COM
mIttee estimate 1t will bring In rev.
enue as high as 100000 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
IN 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
II any Of the minority members Of
the house can be expected to swallow
whole this new bill without going on
record as uphOlding in general the
traditional policy OF their party-a
tariff for revenue only. A long debate,
therefore. may be expected.
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 25 per cent ad valorem
Canadian duty. The committee also
gave in to the demand of the smaller
oil producers and put duty of 35
cents per barrel on crude petroleum
and rs cents per barrel on fuel oil.
Among the more important general
features Of the measure are the follow
ing:
American valuation Of imports is
provided for. the century old system
Of foreign valuation being abandoned.
Broad powers are given the Presi.
dent to make reciprocal tariff relations
with other countries.
Duties much higher than in the for
iner Payne-Aldrich tariff law are i'm
posed upon chemicals and products OF
other industries established during the
war which are considered essential
from a standpoint Of national defense
Far-reaching powers are given to
the tariff commission in restricting
imports Of dyes for three-year pc
Rod.
Duties on automobiles are reduced
In compliance with the request Of the
manufacturers, who advanced the ar
gument that such action would cause
other nations tQ remove high duties
on American cars. "~--
Protection on agricultural product,
about equal to that of the Payne-Al
drich law is given, rates in severa
instances being less than in the emer
gency tariff law now In effect.
, Duties on wool are on an entirel,
different basis from former laws, anC
it is a matter of controversy whether
the basic rate is higher or lower thar
in the Payne-Aldrich law.
Among the commodities on the fire,
list are: Agricultural implements
animals imported for breeding pur
poses, antimony ore, antitoxins an,
vaccines. bread, chromite, coal, cobalt
cocoa, coffee, copper ore, cotton, cor
bark, iron ore, leather, shoes, hides