The Holbrook news., 1921-07-15
New Tariff Measure, Restoring High Protection, Is Ready
 for Congress.
LONG DEBATE IS EXPECTED
President and Dawes Begin Work of Reducing Expenses-House Accepts Borah Naval Holiday Amendment De Valera Declines Lloyd
 Georges Invitation to
 Conference.
By EDWARD w. PACKARD.

After four months of hard labor the ways and means committee of the house has completed the new perma- nent tariff bill. It will be formally reported to the house probably be- fore the end of the current week. Then will begin a debate that will 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 con- mittee estimate 1t will bring in a rev enue as high as $700,O00,O00 a 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 if to a considerable extent, admitting the truth of Hancock's dictum that 1t is local issue and favoring real protection for the industries of cer- tain parts of the country. But few if 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 25 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 mer Payre-Aldrich tariff law are im- 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 si dyes for a three-year pe- riod.
 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 to remove high duties on American cars.
 Protection on agricultural products about equal to that of the Payne-Al- drich law Is given, rates in several instances being less than in the emer- | gency tariff law now in effect.
 Duties on wool are on an entirely | different basis from former laws, and | it is a matter of controversy whether | the basic rate is higher or lower than fin the Payne-Aldrich law.
 Among the commodities on the free | list are: Agricultural implements, | animals imported for breeding pur- | poses, antimOny ore, antitoxins and | vaccines, bread, chromite, coal, cobalt, | cocoa, coffee, copper ore, cotton, cork | bark, iron ore, leather, shoes, hides, l