The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-09-13
JOINT TARIFF BILL IS
|. UP IN HOUSE TO-DAY
With PASSAGE SURE
Vote on Conference Report
Submitted Yesterday, Is
Due Before Evening.
FOUR HOURS FOR TALK
Measure Likely to Reach
President by Middle of
Next Week.
FACES FIGHT IN SENATE
Conferees Approve Hig h r
Rates Of Upper Chamber in
Main, With Slight Cuts.
Special Dispatch to THE New YORK HERALD.
New York Herald Bureau.
Washington, ID. c., Sept. IL.

Special Dispatch to THE New YORK HERALD
New York Herald Bureau.
Washington, ID. c., Sept. IL.
The conference report on the Ford.
ney- McCumber tariff bill was sub
mitted to the House today as the first
step in obtaining its adoption by Con-
gress.
The report, composing the differ
ences between the Senate and House
tariff bills. is devised to provide APP
proximately s4oo.0o0.OoO year rev.
enue, and at the same time protect
American industries of every kind
The value of this protection can only
be estimated, but 1t is around $1,000
100000. in the opinion of some tariff
experts.
The conference text of the bill is much
the same as that of the bill which
passed the Senate last month. Broadly.
the rates have been reduced. but the
reductions are very slight
The House will consider the report
tomorrow under a rule limiting debate
20 four hours--two hours for those ia
voring the bill and two hours for those
In opposition. The program calls for a
vote before adjournment tomorrow.
With the heavy Republican majority in
the House passage, of course, is assured.
There Is little doubt there will be
enough members on hand 20 put the
measure through.
While the House action is expected to
be perfunctory, the Senate will be the
scene OF vigorous fight over some of
the more important items. particularly
the restoration of the embargo on the
Importation of dyestuffs There Is no
sign that a filibuster Is on foot against
the bill and the impression at the Cap
itol 10 that final passage will not be
delayed beyond the middle of next week.
The report is expected to reach the
Senate Thursday.
The s400.o00,000 annual revenues pro-
vided by the bin are, in a sense. only a
drop in the bucket compared with the
cost of running the Government. For
the current fiscal year this cost will
exceed $4,000, 100000. In other words.
with the present huge annual outlay the
tariff will provide less than 10 per cent.
of the cost, which Is proportionately less
than any other tariff bill has provided.
AT the same time the Fordney Nc
Cumber rates will yield a greater actual
return than any previols tariff bill
Inc y nuerWOOu-SlninO tdrlII law,
to-~be replaced by the new measure.
yielded last year total of sos, OPS. los. IL,
while the cost of operating the Govern
ment during the same year for ordinary
disbursements amounted to A.915, 974.-
32.01. Although the Underwood law
ostensibly Is measure for revenue
only. IL does provide protection to up
ward Of $4,000. 100000 year. In other
words, American producers have that
much leeway before foreign goods en-
ter into competition.
The Payne-Aldrich law brought s3is,-
sol 1856 into the Treasury during the
last year Of It's operation, 1913. while
the cost of running the Government for
ordinary disbursements was only s9f4,-
SI9,5s0. % In that year
In proportion. although prices are not
comparative. due to continued initiation
and the postwar change OF economic
conditions, virtually the same protection
to American industry was afforded by
the Payne-Aldrch law as is promised by
the Fordney-McCumber bill as it has
come from conference.
Senator Moses (Rep., N. h was rail-
lying forces TO attack the dyestuffs en-
barge feature OF the conference report
insisting that the conferees exceeded
their authority in restoring the embargo
after IL had been voted down by both
the Senate and House. This promises
to be the feature of the Senate fight.
although the restoration OF the duty OF
one and half cents a pound on potash
Will be attacked.