The New York herald., 1922-08-08
SMOOT AND PHIPPS
ADMIT THEY Hold
SUGAR SECURITIES
Declare That Their Invest
ments Will Not Influ-
ence Tariff Vote.
INQUIRY rs BLOCKED
Smoot Objects to Resolution
to Show Alleged Part
in Cuban Deal.
GOODING FAILS AGAIN
Gag Rule Halts Efforts to In
vestigate New York Her
AIDS Tariff Stand.
GooDING FAILS AGAIN

Special Dispatch to TIE New York HERALD
New York Herald Bureau.
Washington. ID. c.. Aug. I.
In the bitter fight over the rate on
sugar in the Fordney McCumber tariff
bill to-day two Senators admitted that
they own stock or bonds in companies
engaged in the production of sugar.
They are Senator Smoot (Rep.. Utah)
and Senator Phipps (Rep., COLI. and
both of them denied emphatically that
their financial interest in any way has
influenced their position on the sugar
issue.
Senator Harrison Dem, Miss.)
tried on two occasions to obtain con-
sideration of resolution demanding
an investigation of charges made that
Senator Smoot and others were in a
deal to have the Cuban sugar produc-
ton limited to 100000 tons year. in
return for which the American duty
on sugar would be held down.
Senator Smoot, who vigorously de-
MED that he is in any way implicated
in such sugar deal, objected to the
Senate doing anything with the reso-
luton. Under the unanimous consent
agreement consequently the proposal
for the inquiry was lost.
Senator Gooding (Rep.. Tdaho) was
prepared to call up his resolution for an
investigation of the motives of various
persons and newspapers. including THE
NEW YORK HERALD and rs owner and
publisher, Frank A. Munsey. in opposing
the extremely high rates OF the tariff bill,
and incidentally of the sheep owning,
sugar manufacturing and other Senator'S
financially Interested in the tariff rates.
The working OF the gag rule. however,
1t was the first day under the unanimous
consent greement--blocked this move
for the time being, although II is under
stood Senator Gooding will make other
efforts.
To Rush Bill Through.
The impression prevailed generally in
the Senate that the program of the
leaders to hurry the tariff bill along
without an investigation OF any sort.
even that demanded on the floor for an
inquiry to determine what financial
interests Senators may have in the rates,
would be adhered to. A canvass of the
members of the Senate Committee on
Audit and Control, of which Cenator
Calder (Rep.. n. W Is chairman.
showed that the committee Is not con-
templating reporting a resolution of any
sort.
This does not mean, OF course that
har axUf hq n
mand for a limited inquiry. particularly
into the motives OF Senators and their
financial concern in the rates. That
feature will be developed again as soon
as the Immediate business is cleared
away
Senator Calder condemned the demand
of the members OF the Senate agricul-
tural tariff bloc for an increase In the
rate OF sugar from cents a pound, AS
provided in the bill. to 2la cents. He
declared that Il would mean a heavier
burden on the American people In the
price OF sugar. raising the present rate
of Z cents a pound wholesale to not less
than cents a pound. He declared Il
would boost the price OF sugar in retail
stores to 0 cents.
scheme Of Farmer Bloc.
The Finance Committee rate on sugar
Is cents a pound, although through
the application OF 20 per cent. prefer
entail rate allowed to Cuba. where most
of the American sugar importations
originate. the duty on Cuban sugar Is
reduced to 1.60 cents pound The
scheme of the agricultural tariff bloc Is
to require Cuban sugar to pay cents
pound, which would mean that the