Arizona republican., 1921-02-14
HAYDEN ID SUPPORT
 FORDNEY TARIFF BILL
 HE SAYS IN ADDRESS

Without departing from the Demo cratic attitude toward the principle or protection, Hon. Carl Hayden declared his intention to support the Fordney emergency tariff bill, in speech be- fore the committee of the whole in which he said:
 l shall vote for this bill because of a sincere desire to do anything and everything possible in the present emergency for the immediate relief or the cotton growers and stockmeh or Arizona Al this moment there IS absolutely no market for long-staple Pima cotton, which sold last year at an average price of 93 cents pound. It is needless to say that the condition of those who produced this cotton is des- perate. The sheep raisers have like wise suffered acutely on account of the slump in the values of both wool and mutton. How can the flockmasters avoid bankruptcy so long as the price of fine territory wool in Boston is but 22 cents pound, and cents must be deducted from that sum for freight and the expense of selling? This same class of wool sold for 63 cents last January-was produced on that high basis, so the loss is enormous. The almost perpendicular drop in prices has affected the egrowing indus try in the same manner until today nothing near the cost of production can be obtained when live stock is sold- Under such unusual and extraor- dinary circumstances when the entire business fabric of my state is strained to the breaking point I yeeI fully jus tified in supporting this measure even though l am convinced that in its present form it is a mere makeshift and will accomplish but little in the way of even the temporary ameliora- ton of a most distressing financial situation.
 Tho duty imposed on wheat in this Dill is farce. How can a tariff oi even prohibitory character affect the price of an article of which we export millions of pounds each year. The committee on ways and means might with equal logic have proposed a high import rate on copper, tn, price of which Is fixed entirely accord ing to the foreign demand, because more than half of the red metal pro- duced in America is sold abroad. The tariff on corn is equally futile. Ther, are single counties in the United State, which grow more corn than all oul mportations.
 The duty of 20 cents per gallon or oils from cotton seed, cocoanut ant soya bean may be helpful, but I an advised that there are a number O other oils still on the free list whicf can be interchanged for cottonseed oi 'n It's uses. With the large quantity O oils of all kinds now on hand in tn, United States. it is doubtful if an, real relief will be afforded to tn, American producers during the mex 10 months. which is the life of this bill
 The duty on wool is even higher thai he rates provided in schedule K of tn, Payne-Aldrich bill, and if there is an efficacy in an exceedingly high tariff should advance the price of wool il normal times. What puzzles me 1; how this legislation of it's own fore, can be of any benefit during the nex 10 months, when it is admitted tha there Is now on hand in the Unite, States 500 000,000 pounds of wool T addition to the spring clip of 270,o0O, 900 pounds, which will start comin into the market next February Tn normal American consumption of woo is approximately 500, 0,000,0 900 pounds, S almost a two years" supply is avail able. This vast quantity of wool ha been accumulated because there wa 10 demand in Europe and the rate ( exchange made 1t profitable to dump
 .nto the market of the United States