The New York herald., 1922-01-17
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to the bloc who has indorsed the iegis'
lative plans and tariff schedules pro-
posed by the national farm organiza
ton, including the National Grange
the National Farm Bureau. the Ma
tional Dairy Association. the National
| Poultry Association, the American
Wool Growers Association, the Ameri-
can Live Stock Association and the
Southern Tariff Association.
Kellogg Presents Amendment.
The contest between the President
and the bloc over TIE Federal reserve
! issue was settled by a compromise fol-
lowing an interview between Presi-
dent Harding and Senators Kellogg
and Kenyon. On their return to the
Senate Mr.. Kellogg presented an
amendment to the bill introduced by
him providing that the next vacancy
on tho Federal Reserve Board shall
be given to an agriculturist. The
board has been hitherto kept free from
political influences.
Under the terms of this compromise
an additional member will be added to
the board and all appointments will
be made with due consideration to
the fair representation on 1t OF the
financial, agricultural. commercial and
industrial interests of the country"
In presenting his amendment Sena-
tor Kellogg in replying to questions
intimated that the President had
agreed to appoint an agriculturist on
the Federal Reserve Board if the bill
making 1t mandatory for him to do so
were amended to provide for the rep
reSentation of the elements enumer.
ated in the amendment
Senator Smith (S. c., one Of the
promoters of the "nonpartisan agri-
cultural bloc" declared the amendment
was acceptable to Eis side of the
chamber and agreed to withdraw his
bill making compulsory the appoint
ment of an agriculturist
Apprehension Expressed.
Senator Norris, Republican men,
ber of the bloc, expressed apprehen-
sion that the President might appoint
"a reactionary farmer" or "a nom
progressive" who could defeat the am
billions Of the agricultural interests.
The amended bill is to come up in the
Senate tomorrow and probably will
be expedited without waste of time
and probably without opposition.
The determination of the reor-
ganized bloc to demand further con-
cessions for the agricultural interests
in the tariff bill will undoubtedly pre-
cipitate a row and certainly keep up
the cost Of living. The bill was passed
by the House on July 81 last and has
been IN the Senate Finance Commit
tee for more than three months.
The President recently expressed
the hope that the tariff measure would
have the right of way and would be
pressed to immediate passage in order
to remove the uncertainties that con-
front the business interests of the
country. There is little chance for the
tariff bill getting through within four
months, during which the financial
and commercial interests of the coun-
try viii be compelled to proceed with
out definite rules to govern the regu-
lation of the business.
Senator's. and party leaders who in
dorsed the Presidents request FOE
greater celebrity in disposing of the
tariff measure naturally view the ac-
tivities of the new agricultural bloc
with apprehension. They say insist
ence on the revision of the schedules
demanded by the bloc will hold up the
tariff measure for an indefinite period.
The schedules presented by the bloc
to the Finance Committee are those
favored by the Southern Tariff Asso-
citation, and in many instances pro-
pose doubling the imposts provided in
the Fordney bill.
Southern Senator'S Support.
The demands of the Southern Tariff
Association are declared by members
OF the bloc to be supported by most
of the Southern Democratic Senators,
who are particularly interested in in
cluding in the schedules lint cotton,
which for the first time is seeking adj
mission to the dutiable list.
Senator Gooding, who presented the
new schedules favored by the agricul-
tural bloc. prepared a statement to-
night comparing the rates contained
in the F,ordney bill as passed by the
House with those favored by the bloc
and presented by him to the Finance
Committee.
On fresh beef and veal the Fordney
rate Is cents n pound. and the Good
ing rate 3h cents. Hides, Fordney
free; Gooding. green cents pound.
dry G cents a pound. Cocoanut. soya
bean and cottonseed oil, Fordney. 2
cents Gooding. cents a pound. Pea
nut oil, Fordney, 2 cents pound;
Gooding. Az cents pound. Long and
short staple cotton, Fordney. free;
Cooling. long staple 15 cents a mound.