Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-09-13
REPORT ON THE
ADMINISTRATION
TARIFF ME- EAsURE
IS MADE PUBLIC
.ConfereeS Submit Recon-
nlendationS to the House,
Bill viii Become Law
Probably Before Oct, |,
$400,000,000 WILL
BE ANNUAL REVENUE
This Is S44,0OO,0O0 More
Than Was Received Dur
ing the Last Fiscal Year,
Experts Estimate, !


Washington, Sept. IL (by the AS
sociated Press. 1.-The adminstra-
ton tariff bill in the form in which
it will become a law probably be-
fore october |, was made public to-
day with the presentation of the
conference report to the house
Many of the rates proposed by the
senate were reduced by the repub-
lican Conferees but the experts esti-
mated that the level of its duties
was only slightly below the level of
those in the famous Payne-Aldrich
act, the last republican protective
tariff.
Basing their calculations on the
present volume of import trade,
treasury experts figured that the
bill would yield an annual govern
ment revenue of 100000. This
would be 44,000,000 more than was
received during the last fiscal yea1
through the combined operation of
the democratic Underwood law and
the republican emergency tariff
act, both of which will be supplant-
ed by this bill Immediately after it
is signed by the president.
Final Action Today.
Final action on the measure by
the house tomorrow was the plan Of
leaders under an agreement made
today for only four hours of gen
eral debate with a vote to follow
Immediately. The bill then will so
to the senate where debate of
week or more is expected to pre-
cede the final vote.
Discussion in both the house ana
senate, but more particularly in the
latter, will be the forerunner of that
to be heard over the country be-
fore the November elections as the
bill is certain to become one OF the
chief issues in the congressional
and senatorial campaigns,
Democrats will continue their al
tacks on the measure as one certain
to increase the cost OF living oF
several billions of dollars year
and as encouraging the contlnua
tion of war prices.
G. o. T.. To Defend It.
Republican proponents of the
tariff have defended it and plan 10
continue to do so, as the first 10
accord agriculture a proper meas
IRE of protection and as necessary
to protect both industry and labor
in the present abnormal world
economic situation and more par
ticularly from disastrous compet-
tion from the low cost productions
countries in central Europe ana
the orient. -,
Chief fighting points in the bill
thus far have been the wool, sugar
and dye duties, all of which were
reduced, some in conference ana
the so-called flexible tariff proVl'
SION giving the president broad aus
thority over tariffs. Under this pro-
vision, finally perfected in confer
ence the executive would have tht
power to increase or decrease ratef
so per cent.
Flexible Section.
Should such increase prove IN
sufficient to protect American IN
dustry, the president could declare
American valuation. but no rate III
the bill could be increased on that
valuation, althoukh a decrease td
90 per cent would be possible. AZ
the flexible section was approved
by he senate, American valuation
would have been used only in the
case of coal tar dyes, synthetic
chemicals and explosives.
The senate provision that the
flexible tariff should remain in
operation only until July I. 1924,
was stricken out of the i'll and the
so-called scientific tariff provision,
providing for Investigations and
reports " the tariff commission,
as we'll as those designed to pre-
vent discr. .nination against Ameri-
can commerce and trade were re-
tanned.
The conferees also approved re-
taliatory provisions, in some cases
aimed principally against Canada
and affecting Portland cement,
common house brick, bituminous
and anthracite coal. all of which
are on the free list and automo-
biles, motorcycles and bicycles.
Raw Wool Rate.
In compromising between the
senate raw wool rate of 80 cents q
secured pound. and the house duty
of 2j cents, the conferees agreed
upon 81 cents,
Long staple cotton. which the
senate had proposed to tax at :
cents a pound and which is tax,
under the existing emergency act,
was sent back to the free list. In
consequence the 10 cents a pound
compens' tory duty proposed on the
finer cotton cloths, made from
long staple cotton. was eliminated.