The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-12-13
U. S. VALUATION PLAN
will Be INCLUDED IN
new TARIFF MEASURE
PALLADIUM NEWS BUREAU

WASHINGTON, Dec. 13.-When the
tariff bill is reported to the senate by
the senate finance committee it will
include the American valuation plan
as il was written into the measure by
the house of representatives. a state
ment TO that effect has been made by
Senator James +. Watson OF Indiana,
a member of the finance committee.
Senator Watson states that the ma
jority of the members of the commit
tee have endorsed the American valu-
alton plan.
Senator Watson is greatly pleased
with the resolutions endorsing the
American valuation plan he has re-
ceived from practically all manufac-
turers in Richmond, Ind, and from the
employees of three Of the largest fac
tories in that city. The senior lndl-
ana senator has been very active in
his advocacy of the American valua-
ton plan. He asserts that no adequate
protection can be provided for Amer
lean industries and American working
men unless the levying of duties on
the American valuation plan is pro-
vided in the spending tariff measure.
Senator Watson has received Hood
of letters and kilograms from manu-
facturers, business men and working
men throughout Indiana endorsing his
advocacy of the American valuation
plan. One telegram, received from
prominent manufacturer, mentions the
fact that there are now about three
million men and women out OF employ
ment in this country and predicts that
If the new tariff law does not include
the American valuation plan there will
be eight million unemployed in this
country within two years.
Many Endorse Plan.
Representative Richard N. Elliott of
the Sixth Indiana district, is also in
receipt of a number Of communica-
lions endorsing the American valuation
plan, which he voted for when the
tariff bill was before the house. He
considers it the most vital part Of that
measure.
Opposition to the American valua-
ton plan is confined almost exclusive
ly to American importing interests,
and it reached its peak after the tariff
bill reached the senate. A propaganda
movement of gigantic proportions aim.
ed to influence public opinion against
the American valuation plan was
launched and it probably was in a
measure responsible for the senate's
delay in acting on the tariff meas
ure which was passed by the house
last July. The senate finance commit
tee referred the American valuation
plan to a committee of treasury eX
perts and, it is understood, these eX
perts will soon submit report sub
stantially to the effect that the plan
is economically sound and practicable
Included among the importing in
terests opposed to the American valu
alton plan are the large department
stores. These concerns are large ad
vertisers and it is a significant fact
that many metropolitan newspapers
throughout the country have for
months been laundering their de
nunciation of that provision of the
pending tariff bill which the American
manufacturing interests depend upon
as a barrier of protection against for
eign competition which would be i'm
possible for them to meet.
Disposes of Argument.
Opponents of the American valua
ton plan have been insisting that its
operation would practically shut Of
imports of foreign made goods anC
that this would result in the closing o.
the markets Of the world TO American
industries.
The effectiveness of this argumen
was disposed of by Representative
Longworth of Ohio. in d brief state
ment he made in the house on Nov