Imperial Valley press., 1922-09-12
TARIFF ACT
NOW OUT Of
CONFERENCE
Long Staple Cotton Placed
on Free List by Work
of House Leaders
FOREIGN VALUATION
Tariff Act of 1922 Now Up
for New Vote in Both
Senate and House
By KENNETH w. CLARK

WASHINGTON, Sept. 2.-The Ford
| ney -McCumber tariff bill, designated
officially as the "tariff act of 1922,
was returned today to the house from
| conference.
After two years in the making, the
bill in final form was laid before the
lower chamber, which will consider it
| tomorrow. Leaders hope it can be
| sent to the senate on Thursday and to
| the White House for signature shortly
afterward. The bill is regarded, III
general, as the highest tariff ever inn
posed by an American congress. Con
ferees, however, slashed materially the
high rates in the original Senate bill.
Foreign valuation was accepted by
conferees as the basis for determining
rates except in certain specified in
stances. A provision in the elastic
tariff clause gives the president au-
thOrity to change from foreign to
American valuation if foreign valua-
ton does not justly differentiate be
tween cost of production in America
and abroad.
The dye embargo, stricken out by
both the house and senate, was rein
serted for one year, with authority to
the president to continue it for see
ond year. Conferees also eliminated
the q free trade zones into which ma
terials could be brought, manufactured
and shipped ont without payment OF
duty.
Chemical, oil and paint rates were
reduced 10 to 20 percent.
Intermediates i'll the dye schedule
were cut from IS percent ad valorem
and 1O1a cents Il pound i'll the senate
bill to 80 percent ad valorem ana
cents a pound. Coal tar products were
lowered from the Senate rate of w
percent ad valorem and 101s cents to
60 percent and cents pound.
Wool, in the grease or washed, was
cut from the senate rate of 33 cents "a
pound to 81 cents, six cents higher
than the house figure of % cents a
Mound. Secured wool was given the
same rate, while wool imported on the
skin was placed at 80 cents pound
instead of -.
House managers scored another we
tory in cotton rates, long staple cotton
being placed on the free list. III was
seven cents IL pound in the senate oiii'
On cotton manufactures duties were
about half way between the senate
and house bills.
Dutv on importation of Cuban
sugar was slashcd to $l.76 hundred
pounds, l6 cents higher than the house
rate but eight cents below the origin
al senate bill. The rate ON sugar mn
ported from countries other imam
t'uba was cut from $3.50 to S2,2o Il
hundred pounds.
Metal rates generally were kept at
senate figures. The basic steel rate
was eight percent ad valorem: House
hold utensils were reduced slightly III
conference.
Rates ON automobiles, bodies, auto
mobile chassis and motorcycles were
25 percent ad valorem but the CONFER
ence imposed retaliatory clause so
that the duties could be increased 10
eoual rates levied abroad on American
products.
Conference duties on important farm
products were:
Meat 20 per cent ad valorem; fresh
milk 21a cents gallon; cheese D Genus
a pound; eggs cents dozen; parley
90 cents M bushel; corn 10 cents
bushel; oats As cents hundred pounds; I;
rye Is cents a bushel; wheat 30 cents
a bushel; aprieots, green, ripe, dried or
in the brine, half of one per cent II
pound; otherwise prepared 50 per cent
ad valorcm; figs, dried or in the BRINE,
two cents a pound, otherwise 5 cents
pound; dates, fresh or dried, one cent
pound; otherwise prepared or pre-
served 35 per cent ad valorem; lemons
aud oranges in their natural state one
cent pound; almonds, not shelled,
Az cents % pound; shelled IA cents a
pound; and vegetables in their natura'
state and not otherwise provided for
] 25 per cent ad valorem.