The New York herald., 1922-04-13
Fordney and Smoot Declare
That Neither Will
Give Way.
M'CUMBER DEFENDS BILL
Southern Farm Bloc Gets Ad-
vance on Peanuts, Rice and
Soya Beans.
speciar Dispatch 10 TIE New YonK HERALD.

Washington, d. c.. April 1e. !
Trouble is brewing between the
Senate and House over the tariff bill
issue of computing. valuations. Chair
man Fordney of the House Ways and
Means Committee says the House
never will agree to the foreign valua-
ton plan as adopted by the Senate
Finance Committee, and Senator
Smoot who made the fight for foreign
valuation before the Senate Commit
tee, is determined to block any move
to substitute American valuation.
Senator McCumber chairman Of the
Senate Finance Committee. said his
committee found it most difficult to
adopt and apply American valuation
at this time"
Nevertheless" he added, while the
committee has based the rates on for
eign valuation it has, at the same time.
the latest and most accurate data OBJ
tainable for converting ad valorem duties
based upon foreign valuation into its
equivalent based upon the selling price
States. In case there is ary change in
the policy in the Senate or in confer
ence there will be little difficulty in
changing rates to correspond TO the
policy adopted. In other words. the
basis of valuation is still open for dis
cussion i'm the Senate and in conference
with the House."
Fordney Predicts Victory.
Chairman Fordney is convinced the
American valuation plan will be adopted.
He is supported by the Senate farm
tariff bloc of which Senator Gooding
four other Senators recently signed
petition In favor Of the American valua-
tion plan.
Considerable opposition to the measure
has developed throughout the country,
the high rates bringing forth protests.
Republican Senators will try to amend
the rates, while Democratic leaders are
preparing to.make a general assault on
The measure. =
Many Republicans fear the enactment
OF the tariff bill at this session Of
Congress will act as boomerang at
the coming election. However. Senator
McCumber says that for months at
tempts have been made to defeat tariff
legislation. but Il wish to assure the
country that an all American tariff
bill will be passed before adjournment"
He feels sure the differences over SEN
ate and House bills will be adjusted in
conference.
Yielding to members of the farm tar
iff bloc from the South, Senator Good
ing introduced to-day an amendment
to raise the rate on peanuts from u
cent per pound to cents per pound on
unshelled and cents on the shelled.
TIc also proposed cents pound on
rice and rice products and 1h cents on
soya beans.
IN discussing the tariff bill to-day
Senator McCumber said.
This tariff bill. when approved by
both the Senate and the House. will be
the first national tariff bill in our his
tory. 1t is consumers tariff. It's
object Is to restore the buying power
OF the country. The Senate Finance
Committee is convinced that the first
step In increasing the individuals abil-
ity to buy is to provide work and pro-
tect farmers products. This bill when
accompanied by reasonable reduc-
ton In transportation and production
costs will bring prosperity to the whole
country by providing markets for pro-
ducers and work for the sonsumers.
For Protection and Revenue.
1--WE have written this tariff on the
basis both of protection and revenue.
No rate is SO high that IL will shut off
reasonable foreign competition nor 50
low that the American manufacturer
with economy OF production cannot hold
his full share of the American market.
We have tried to protect the Ameri-
can producer and to maintain the stand
ard OF labor wage in the United States
and the higher standards of living in
this country. believing this for the very
best interest OF both producer and con-
sumer.
I'VE have given the agricultural in
terests Of the country better standard
OF protection than has ever been given
in any previous tariff bill. Duties un-
der the Senate amendment will be con-
siderably less than those proposed by
the House.
BY reporting tho bill on the basis Of
foreign valuation the COMMITTEES wishes
10 give tho Senate thorough oppor-.
funity of debating both the American
and tho forelEn principles We have
coached IN this country the highest
roint Of production cost. while IN some
nations the cost OF production is far
below that Of prc-uar times. Tho guf
which separates the american cost and
the foreign cost. especially i'm those
countries with deprecated paper cur
rem- -tes. Is deeper and wider than ever
before