New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-04-12
Based on Foreign Valua.
ton. Measure Provides
Flexible System, Giving
President Wide Powers
Debate April Il to
Open Bitter Fight
Duties Increased on Live.
l. stock and Provisions;
: Protection to Industries
Assured, Say Leaders
For, Tte rrteure,. wosh.neton Ru-eou


S1tttee of the Senate the tariff bill was
reported 10 the Senate this afternoon
by Senator McCumber, chairman Of the
Finance Committee. Under an agree
nsnt reached in the Finance Commit
tee It will not be called up for con.
sideration until April q. It carries
high average level of duties which are
above the Payne-Aldrich rules.
Treasury experts think the measure
will raise between $3.50 100000 and
sS5o,o0o,ooo, "a compared with $780,
100000 for the Fordney bill and ssos.-
100000 in 1921.
The bill was passed by the House on
July 21 Of last year and was sent tn
the Senate and referred to the Finance
Committee July %. Since that time II
has been held back by prolonged hear.
ings and by extended consideration of
schedules and OF the question of Ameri-
can valuation. The probabilities are II
will be enacted at the present session
Of Congress.
The bill is certain to meet with lonc
discussion and bitter opposition in Tho
Senate and at least month of dehate
IS antieipated. Some predict the dis
cusslon will run In the Senate for two
months.
Fight on Amersacn Valuation
Chairman Fordney of the House
Ways and Means Committee has served
notice he is prepared to fight to keep
the system Of American valuation. for
which the House bill provides.
Many House Republicans, however.
Will refuse to back Mr.. Fordney up in
such 8 stand,
highly commended by the Republi-
cans Of the Finance Committee, with
tas exception of Senator LaFollette,
Ms Dill is strongly denounced by its
opponents. The committee holds that
The rates in the pending bill will pro
tect American industries. shield the
american market. afford adequate
wages to American labor and at the
Sane time permit "fair competition
from other countries
The minority report from the FL
nance Committee ~ being prepared
By Senator Simmons, ranking Demo
erat, and other Democratic members.
Senator IaFollette, too, will have
mnnorlty report.
The most striking feature of the bill
a. reported to-day is that it provides
1oF flexible or elastic tariff system
along the lines favored by President
Harding. III this it is remarkable
departure from the tariff measures of
the past. which have found their way
into the law The President is clothed
with broad and in some respects sweep
Ing powers to change the duties.
Wide Authority to President
n ttee, Chairman McCumber pointed
ont the Finance Committee regarded as
undesirable the reciprocity policy and
penalty duties embodied in the bill as
passed by the House. He said the
committee, for the purpose of securing
fexibility to meet changing conditions,
proposed amendments to the House bill
which would give authority to the
President as follows;
TO modify tariff rates either up
ward or downward. within prescribed
limits and in accordance with definite
rules laid down by Congress, SO that
the rates may at all times conform to
existing conditions.
"To change the basis for the as
sessment Of ad valorem duties on Sc
lected items from the foreign value
TO the value of the domestic article in
the American market, when the for
elgn value is not. certain basis for
the assessment of duties on such items
To impose penalty duties or prohibit
'he importation of particular goods for
the purpose of preventing unfair meth
eds Of competition in the importation
Of goods.
To impose additional duties on the
whole or any part of the imports into
the United States from any country
~each discrlminates against our over
seas commerce. These additional duties
a's limited to the amount of the dis
Elimination, but if the discrimination
maintained they may be excluded by
Prohibitions" q
Based on Foreign Values
Generally speaking, the rates of
9suty provided in the bill, as revised
oy the Finance Committee, are based
On the foreign value or the export
s.alue, whichever is higher. If the
so.elgn 10. value or the export value can
ass be ascertained to the satisfaction
o. the sppraising officers. then the
rrlhlted States value will be applied.
me foreign value of imported mer-
snandlse as defined in the bill Is the
pllss at time of expectation at which
.uen or similar merchandise is freely
soio IN Wholesale quantities and in the
ss..iSihary course Of trade. The export
,se ,sue Is the value at time of exporta-
s s,ua TO the United States at which
iiseh or similar merchandise is "free-
!, tonered for sale to all purchasers
-, - 'ae principal markets of the coun-
vi from which exported in the usual
ru.esale r..e quantities and in the ordi
,asry course of trade, for expectation
sae United States" The United
a.ss va lue Of imported merchandise
mr.. the American wholesale selling
ss.. rse with allowances made for duty,
asa o. transportation and insurance
s,s MA o'her necessary expenses from the
i've ISsru OF shipment to the place Of de-
peases anu sShei01
-, Increase Over House Rates
can -. s.ues houes bin was based on Ameri-
sslns aiustIon. The change to foreign
arees..r er export value has made it
syer yestfsas tsd ~ to increase rates largely
gen.,1he house bill. The rates of the
's Dill on their foc, onpeor IA