New-York tribune., 1921-04-29

Sivisy OF these rate scales ou+ -
oo.n AS TO value of commodit;n.
aones OF distribution. Tho incrensa "re 'e
.he rate may amount to nor csnt ~, ~,
.he Shippers value of some com,nnS; Al
@'ss sho so per cent on others. =
Foresees Lower Rail- Rates
=, 1t appears to me that. av.r +how.
tne same total income must h. .muusn nsv.. =
py the railways there must he on',,l .muu
hnoaaty and class readjustmcnt IN rates
ooI" IN the interest of the communStv
ana the railways themselves. Such >
reaoluatment of rates was indeed fnr,
cast by the Interstate Commerce Gov
MISSION as = necessity at the time 80
tne iase horizontal rate increase. W.
must also look forward to ultimate ~.
auction in rates if the cconomic lev.io
or the country are to find an eouili-
Included in the 5000 envovs rror,
work-a-day America who hcara NJ
Hoover was former Secretary ~ Cnn,'
merce William c. Redtield. who Is
Ma'rman of the foreign trade group
ana prime mover In the affairs Of
the convention. "''' ~
Mr.. Redfield in conversation lists
himself among Mr., Hoover's adm;rsrs
-, Regarding foreign commerce Mr.
hoover suggested that modification
Oh tne ANTITRUST laws might be neces-
sary to meet alien combinations in
trace. we are at a disadvantage
against European manufacturers and
exporters in our foreign marketing
machinery" the director of EuroneaS
relief declared, land in our lack of
toothold in industry abroad"
Mr- Hoover said that on the other
nand Europe was potent influence in
domestic markets here.
Tariff Foremost in Meetings
Aside from mentioning the lack Of
ior the trade Embellishments, Mr..
Hoover refrained from discussing this
question, which dominated the general
session OF the convention this morning
ana the meetings of nine groups into
winch the delegates became decentraI-
lied in the afternoon.
The basis for the tariff parlevs WAS
supplied by the chambers committee
on tariff policy, which recommended a
resolution urging the creation of a
tariff adjustment board.
Ihe suggestion asks for permanent
tarlf legislation, with allowance for
adjustment of individual rates or par
ocular schedules within prescribed
limitations; for a tariff adjustment
BOARD appointed by the President and
confirmed by the Senate, distinct from
the present Tariff Commission. which
should be required to report it's in
designations to the proposed new
board, and that legislation should he
based on these principles:
l. promotion Of the interests of the
American public as whole,
e Reasonable protection of American
industries that are subject to destruc-
tive competition from abroad, and that
are, or promise to be, of benefit to the
country as whole, or to any consid
cradle section thereof.
3. Maintenance and encourapeman+o ~
export trade
4: Meeting determinations, direct or
indirect, against the products of this
country.
5. The prevention of dumping of for
eign goods into this country, to the
injury of our markets.
6. Due consideration of relative
standards Of living, earnings and ef-
ficiency Of labor in this and other coun-
tries.
This resolution aroused much COM
ment, but the chamber will not be COM
mitted to policy until the directors
order q referendum.
Would Be Open to Revision
At the suggestion of I. E. Niles, of
Racine, Wis, the foreign trade group
added this amendment: Tariff rates
not to be advanced nor long continued