Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-22
PRESIDENT SIGNS
NEW TARIFF ACT
IN EFFECT TODAY
Harding Declares Bill, if
Effective, Will Be Great
est in Century.
ELASTIC PROVISIONS
FEATURE OF MEASURE
Congress Delegates Part of
Tax Authority to Gus.
tom.Houscs.
w"HkS THROUGH COMMISSION
Executive Cnn Chnnge Rates nnd
valuation After nm Invonti-
cation.
ELASTIC PROVISIONS
FEATURE OF MEASURE
woRks THROUGH COMMISSION
FHcrntiNe fnn ChnnEe Rates md
valuation After nm Invosti-
cation.
Try Associated Press.l

ny ASHOCldtc0 PrcSS.J
WASIIINGTON, Sept 2l-Ameri-
can tarin making will enter new
phase tomorrow with tho coming into
force OF the tariff act OF 1922 For
Inc hrst time In history, Congress
nag delegated part OF it's authority
over taxes at tho customs houses
comforting upon the President broad
powers 10 incr.as. or decrease rates
ana 10 change from foreign TO Amer
lean valuation rs the basis for as
scs-inE hd valorcm duties on i'm
ports.
referring to the sections carry
ing this grant OF authority. Prcsi-
d"nt Harding. in attaching his sig-
nature To the new act today, de-
'ihred that III VIC succeed an | hone
W" VIII succeed. in making effective
tho elastic provisions OF this bill.
this viii prove tho greatest contri-
button iowar'! progress In tariff
making in century"
W"rLs through CommisnIon.
Tho Tariff Commission. created
during the administration OF Presi-
dent Wilson, VIII be the agency
through which the Prcaldcnt will
exercise his new authority and prcs-
'nt expectations are that its work
WIZ rank almost in Importance with
- ''S 'HSeiotdte commerce
Commission. The commission viii
make extensive Investigations into
costs OF production at home and
abroad aud VIII report It's findings
win recommendations for rate or
valuation changes to the President.
Applications from manufacturers,
importers or other Interested persons
Tor changes in rates or valuation
basis may be made to either tho
PRESIDENT or the Commission. bu,
such as were addressed to the cxecu-
1.-Two would be referred to the com
mission. The first step would be a
determination OF whether the facts
presented Justified action. II the de-
"ision were that they did, investisa-
ton. and, perhaps. hearings would
follow.
no Details Worked Out Yet.
Chairman Marvin said today tho
commission had not yet had tima 10
work out details of methods OF pro-
cedure. When th!s task has been
completed. rules and regulations Will
DC made public. While the commits
sion has for years been engaged In
making Investigations as to differ
ences in cost Of production at home
ana abroad and gathering facts about
domestic Industries. Mr.. Marvin said
It's functions would be greatly en-
1arged under the new act
Asioe from inquirinE into ques-
lions OF rates. upon the commission
VIII devolve the work OF ascertain
ing whether American commerce and
trade is being Disseminated against
IN foreign countries and making rec
concentrations as to means OF meet
,hG situations where discrimination
is determined to exist.
HIVE Difficult Tasks.
The ascertainment or produc.jc-
costs In foreign countries is expected
py commission officials TO prove the
most difficult of the varied tasks
~ Is anticipated that in some cases
INC commissions agents In foreign
heids may meet with obstacles In
gathering all the facts desired. How.
ever. in determining whether ther,
shaii be changes In tariffs. the In
Vcstigating body will not be confined
alone to actual production costs
abroad. but will be authorized ~
take into account selling price, ~
the American market and other Con-
nitions OF competition In trade.