The Washington herald., 1921-03-14
|oLOlE T0C0IER
WITH MELLON ON
LEVY REVISION
vim Hold Farley Today
no Slieoth Way for Tx
And Tariff Changes.

Conferences betWen hepuDlfc4n
members 'of the Senate Finance
committss. the House Ways and
Means cplnmittee and Secretary of
the Treasury Mellon. which begin
today. nag result IN q compremise
'rrogram Tor tax and tariff revision.
Representative -MondeIl. of wyom-
| ING. Rsnrblican Isader of me
House. has proposed compromise
scheme ppder which two general
|provisions would be Incorporated in
| an emergency bili designed TO give
additional protection to domestic
manufacturer and producers. No
rates Of duty would be included In
the measure.
One of the two pro~isions would
be similar to the anti-dumping bill
passed last winter by the House. but
not acted upon In the Senate The
other would provide that duties
shall be computed ON the domestic
vaiuation of imports instead Of on
the foreign valuation az. has been
done for more than q century.
The anti-dumping provision
eign manufacturers from selling
their goods in this country below
cost as a means of regaining their
former markets.
The other provision changing the
basis of valuation would be designed
to provide additional protection by
preventing importers from taking
advantage OF the depreciation of
eurrencies in foreign countries, the
elect of which has been to permit
the importation of goods at lower
rates Of duty than IL the domestic
valuation had been used as the basis.
nsaaeH Against GeaeraI Act.
Representative Mondeil Is opposed
70 the Consideration of an e1ner-
gency taTin bill applying to all
sorts OF manufactured products and
agricultural commodities He be-
iieves that Il would be impossible
10 get quick action In the Senate on
bill based on the Payne-Aldrich
tartn law and applying to a long
list of commodities- Notwithstand-
ipg the recent declarations Of Sen
ator Penrose. chairman of the Sem
ate Finance Committee, that a COM
riete temporary bill can be put
through without delay. Representa-
tive Monden is inclined to doubt IL.
II Mr.. Mondell's suggestion were
approved IL would mean that the
anti-dumping and valuation pro-
visions would be put through at the
beginning Of the special session,
and that tax revision then would be
+ taken MP. The complete revision of
The tarin would follow tax legisla-
ton
Another compromise proposed is
10 rush. through both Houses of
Congress at the beginning of the
special session, an emergency tariff
oiil applying only to agricultural
products
The suggestion along this line Is
that the Fordney emergency tariff
Dill as agreed upon by both Houses
IN conference and vetoed by Presi-
dent Wilson be passed without
imendment Passage of this bill, II
s argued. would not require any
consideration in committee and II
The leaders were agreeable to the
progrEm some believe IL could be
put through both Houses without
any delay. At least it is claimed
FOR this plan that il would not re-
1uire the time necessary to pass a
general emergency bill based on
he former Payne-Aldrich tariff law
Ca.pbeii Al.e Opposed.
This compromise program would
>ontehnpLate following the emer-
yency Agricultural tariff bill by re-
vision of the tax laws and winding
I'D with q permanent tariff bill
Representative Campbell. of Kan
- ~ he D,,In
Committee. fayors the agricultural
emergency tariff measure. Repre-
tentative Momdell. on the other
hand, is not inclined to consider II
feasible to ps=ss either an agricul-
.uraI bill or a general emergency
pill =
Failure of President Harding to
indicate his own preference has left
he Congressional leaders UP In the
AIR on the proposition. Represen-
:ative Fordney. chairman of the
House Ways and Means Commit
zee. continues to advocate a gen.
sral emergency tariff bill, applying
% ali kinds of commodities as the
irst item on the program, to be fol-
owed by tax revision and later oy
a DermanenI Iaf1n Oiii- Ochdeoh
penrose recently has been talking
,long much the same line. Many
,ther members m both Houses are
AGAINST any emergency tariff legis-
alton and for Immediate revision
n tax laws, to be followed by tarln
egislation-
Todays conference is scheduled
20 start at p m II Is probable
hat no decision. will be reached at
ne frst meeting. 1t Is the inten-
ion II possibles TO map out a definite
program within two or three days.
Republiean ( noembers Of ths
House ways, and Means Committee
we're to begin drafting of either q
:arif or tax bilr today but their
separate meeting win be delayed q
,ew DAYS pending the outcome OF
he Joint conference.
All Of the dtfferent programs sug-
rested viii meet with some degree
,f opposition. II Us indicated
There are almost 1000 farmers
mutual fire insurance companies in
-