Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-11
SENATE BILL RAISES
RATES OVER PAYNE
ALDRICH SCHEDULES
Senate Finance Committee Completes Draft
of Measure Expected to Produce
$50 Millions Yearly.
PLACES BURDEN ON GENERAL PUBLIC

American valuation, swear that foreign
valuation must be ditched If the bill is
to get through both Houses.
Some prophets are saying it will never
be passed in this session, but must await
the next
Fights on the floor are detained over
hides and shoes--perhaps the bitterest
row OF all; on dyes, silks, sugar and
wool
New, special means of fighting dumps
ing" and unfair price wars" are pro.
vided.
WHAT, FOREIGN
VALUE MEANS
Whenever possible, the dutiable value
Is to be the foreign value Of the export
value which is higher. Foreign value is
defined as 1.-THE price at the time Of ex-
portation-which the same or similar
merchandise is freely offered for sale
IN the principal markets Of the country
from which exported" The export yalua
Is the price such or similar merchandise
Is offered in the foreign country in
wholesale quantities for expectation.
plus cost of containers and coverings and
all other charges incident to preparing
the goods for export.
Inc bills basic proYision-the method
OF fixing values upon which duties shall
be assessed-is broad and elastic and
includes revolutionary grants of author
lty los the President to meet hcanging
world economic and business conditions
by altering the tariff law to conform tn
such changes
The President is authorized to:
l, Increase or decrease duties or
change classification of merchandise so
as to equalize differences in Competitive
conditions as between Americs/ and for
eign producers such increase or de-
crease not to exceed 30 per cent of rates
specified In present laws.
2. Apply American valuation TO ar
ticles the importation of which; under
foreign valuation, would tend to injurs
an American industry.
). Modify or abrogate action taken un-
der the above authority when he finds
necessity for such has passed.
l. Prevent dumping of foreign goods.
either by increasing duties from 10 to so
per cent, or by excluding such goods
entirely from the United States.
8. Meet tariff discrimination by other
countries against American products by
proclaiming new and additional duties
against the products of that country, or
by excluding those products entirely.
Penalty duties imposed under this au-
thority may be as high as 80 per cent
ad valorem,
9. Seize and declare forfeit to the Unit
ed States any products imported in
violation Of any proclamation made un-
der the preceding provisions.
PROVISIONS FOR
ENFORCING LAW.
Elaborate provisions are made for
QpCpE9nFU i0vpSffuof4anr %o,
Of findings and proclamations for nott
hcations. for hearings and appeals.
The House Ways and Means Repub-
licans are angry at the foreign vaIua-
tion scheme. They say It will lead to
under valuations, hence loss of revenue
to this Government and too little protec-
tion to the American industries.
FARM BLOC HAS
BEEN SHOWN FAVOR
Rates on many things will be In
creased above those provided by the
Fordney House bill. The farm block
has admittedly been given special con-
sideration, and it is In general quite
happy with the rates applied for sharp
Increases were made in rates on farm
products. Cattle were increased from
IA to / u cents pound; sheep and goats.
from L cent a pound to 50 a head, re-
gardless Of weight; fresh lamb, from
to cents pound, and mutton and goat
meat, from IA to IL cents a pound The
latter provisions are aimed at imports
of Australian and New Zealand meat.
largely, it being recalled that such i'm
ports were once tried in an effort to force
down home prices.
Bacons, ham, shoulders and other pre-
pared pork were increased from IA to 2
cents a pound; lard compounds and
substitutes. from 20 per cent advalorem
to cents a pound.
Opponents Of the bill say the new rates
will keep meat prices from dropping;
perhaps cause them in some cases to
raise.
HOUSE RATES ON
MEATS INCREASED.
Reindeer meat, venison and other game
except birds, goes from ia to cents a
pound Meats fresh or prepared 90 per
cent advalOrem instead Of Is, the House
rates: milk 21a cents a gallon instead of
l cent, sour milk 1 cent, sour milk and
butter milk 1 cent instead of "a cent.
cream 221a cents instead of 10 cents a
gallon.
Live poultry was raised from cents
to cents, dressed from cents to
cents; all other dead birds, rated cents
a pound instead of 20 per cent advalorem.
Eggs went from cents a dozen to
cents; frozen or preserved from cents
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