The Washington times., 1922-09-13
TARIFF IS BACK
IN HOUSE WITH
2,000CHANCES
American Valuation Plan In
List-Dye Embargo Extend
ed-Farm Rates Cut.

The new Republican tariff Dill,
designed to raise $3.50, 900, 900 annu-
ally, was returned to the House yes
terday for final action following
adoption of compromise agreements
between Senate and House conferees
on some 1000 conflicting rates.
Administration leaders hope to
rush the Completed bill through both
houses and to get 1t in President
Harding's hands before the end of
the month.
The new tariff will be levied on the
foreign valuation plan. House lead
ers. who held out for the American
valuation basis, were defeated, and
all rates, with the exception OF the
chemical and dye schedule, will be
collected against the foreign value
of the imported article.
More Power for President.
The elastic tariff features, Nncl'id-
ing the delegation Of power to the
President to increase or lower rates
according to changes in economic
conditions were retained in the bill.
At the demand of House leaders.
the President was given wider lati-
tude in making the changes. and he
was also empowered to change the
valuation plan to meet changes In
competition. The provision, compel
ling the Chief Executive to make
public findings Of the United States
Tariff Commission was eliminated.
While the high protective rates OF
the Senate were maintained in a ma
jority Of cases, House leaders won a
considerable number of reductions.
The cuts applied particularly to the
agricultural schedule, though all the
rates finally agreed upon are consid-
erably higher than those passed orig
inally by the House.
Another feature of the compromise
agreement was the insertion OF re-
taliatory provisions in a score Of
schedules.
The compromises agreed upon
were:
First-wool, 81 cents a pound on
clean, secured content basis As
against 80 cents a pound in the
Senate and 26 cents pound in
the House.
second-sugar. 1920 per 100
pounds with a preferential rate Of
$1.76 per 100 pounds on the Cuban
crop, as against $3.50 and $1.S4 in
the Senate, and $500 and $1.60 in
the House.
Third-Cotton: Long staple cot
ton returned to free list as It
passed the House instead Of the
Senate duty OF cents a pound.
Fourth-Dyes-Emb extended
for one year. On Intermediates a
rate Of cents a pound with so per
cent ad valorem was adopted as
against rs per cent ad valorem in
the Senate, and cents a pound
with 35 per cent ad valorem in the
House.
Farm Schedule Reduction.
On finished products a rate OF 7
cents a pound. with 60 per cent
ad valorem, was adopted, as against
80 per cent ad valorem in the Sen
ate and Z cents a pound with 35 per
cent ad valorem in the House.
/ Black strap molasses was taken off
the free list and a duty of one-siXth
of a cent a gallon levied If not used
for home consumption.
Newsprint paper was retained on
the free list, while fir, spruce, cedar
and Western hemlock lumber were
| taken off the free list and taxed 81
per / 900 feet.
The duty Is exempted, however, II
the lumber is imported from a coun-
try which has levied no import du.
ties on American lumber in the last
twelve months.
The agriculture schedule showed
numerous reductions, all, however. Of
a slight character.
All these reductions, however, left
the rates higher than those originally
passed by the House.