The New York herald., 1922-04-03
Majority Would Have Rider
for System Of Flexible
Rates.
EXECUTIVE TO CONTROL
Final Decision Whether Amer
lean Plan Will Be Dropped
May Come To-day.

Epsosai Dispatch to THE New York HnHALD-
New York Herald Bureau.
Washington, ID. c., April 2.
The Senate Finance Committee,
which has been preparing the all
American tariff bill, will report the
measure the middle Of this week, prob
ably on Thursday. and, according to
present indications, with the foreign
valuation plan attached.
The issue still to be settled is wheth-
er the American or foreign valuation
plan will be used, and this decision is
expected as early as tomorrow. 1t
had been hoped to have final decision
yesterday.
There is a wide difference Of opinion
in the Finance Committee, but ma
jority is veering toward the foreign
valuation plan. with a rider to the
effect that tie President be authorized
to raise or lower the tariff rates as
much as so per cent. to equalize con-
ditions resulting from cheapened costs
of production abroad
The alternative plan is to enact an
nd valorem tariff with the American
valuation system, based upon the whole
sale price Of goods In this country.
Outlook in Congress-.
Friends of the American valuation
plan insist that even IL the Finance
Committee decides In favor OF the foreign
valuation plan, the Senate is not Likely
10 concur. and that rne House. regard
less of Senate action will insist upon
the American valuation plan. to which 4
Is committed.
Great Importance attaches to the sys-
TEN Of valuation used, because 1t Is &C
knowledged that even If the President
has the authority to increase the tariff
rate SO per cent. under the proposed for
eign valuation plan, the tariff SO fixed
will not be nearly so protective meas
ure as would follow adoption OF the
American valuation system.
The advisabilisy o. adopting one plan
or the other has been agitating the FL
nance Committee ever since 1t undertook
to consider the tariff measure. At the
outset the Finance Committee asked for
and received an appropriation for the
employment of experts. These experts
were divided In opinion concerning the
relative merits Of the two systems.
Chairman McCumber OF the Finance
Committee refuses to commit himself
on either plan, although 1t Is understood
he favors the foreign valuation. OPP
posed is the so called tariff bloc In the
Senate headed by Senator Frank r.
Gooding Udaho). which Is supporting
the American system.
I'VE have not decided yet whether the
bill will include an American or foreign
form OF valuation" Senator McCumber
said tonight. Both are being consid-
cred. We shall select the form which we
consider will be better for the whole
country"
Tariff BIoc's View.
Senator Goodng (Idaho), for the tariff
bloc in the Senate, issued the following
statement:
"As chairman of a committee of twen-
ty-five Senator'S who desire an all Amer
icanstariff bill passed by Congress before
adjournment this summer. I desire TO
make the following statement on the eve
of the reporting OF the Fordney- McCum-
ber bill.
'.rhe Senate Finance Committee. after
months OF the most painstaking study
and care. has about completed It's work
on the first all American tariff bill in
our history. This measure will protect
agriculture and industry alike, not only
in the West and South. but In the East
end North. Under the leadership of
Chairman McCumpcr and with the sup
port of my committee, I am firmly con-
WINGED that the tariff bill. when finally
enacted, will be one which every section
of the country will gladly support. As
there never has been such need for a
tariff which recognized all sections alike,
and as there never has been such a
unanimous demand for tariff legislation,
think can safely say that this Con-
gress will never adjourn until the tariff
bill Is passed. This Is the sentiment of
both the Senate and House.
Furthermore. those interests which
have been camouhaging their opposition
10 any tariff legislation by attacking the
principle OF American valuation as a
basis for ad valorem duties are, In my
opinion. not going TO succeed with their
anti-American propaganda This tarff
BILL when 1t passes both houses. Is going
TO be all-American In every respect. 1t
is going to put the American people back
on the farm, mine, ranch and in the fac
tory by restoring TO them an American
market for their products. which is the
greatest market In the world. And by
adopting some form or American valua-
ton this bill would do away with fraud
and differentiation and bring much
needed revenues to the United States
Treasury.
ne lOHbWinB ~ ~ iitt pI senator Z
who have expressed willingness to ac-
ccpt the schedules In the new tariff bill
proposed by the National Farm Organ
izations. including the National Grang d
the National Farm Bureau, the National
Dairy Association. the National Poultry
Association, the National Wool Growers
Association. the American National Live
Stock Association and the Southern
IarIfr Association:
"Gooding Udaho). chairman: Me-
Nary (Ore.), secretary; Johnson Zeal.
yapper (Kan.). Nicholson (Coi.). form
Ing the executive, and Phipps (Col.)
Norbeck tS. d.. Jones IN. M, Pon-
dexter (Wash.), Stanfield (Ore.). Short
ridge (Cal), Oddie tNev.). I.add On.
D.). Bursum IN. M, Cameron (Ariz. j,
Warren tWyo.). Spencer MOI, Wits
tOhio), Harrcld (Okla.). New (rnd.
Weller CMd.). Keyes IN. HI, Town
send (Mch.), Sterling, (S. d. and
Rawson (Iowa)."