The New York herald., 1922-07-13
TARIFF ON TEXTILE
PRODUCTS SLASHED
Committee, With Bill Fac
ing Defeat, Springs Sud-
den Concessions.
COTTONS DOWN SIXTH
Cloths, Hosiery Share in
Neutrality-suspicious.,
Silks to Be Cut Next.
PRESSURE TO CONTINUE
Republican Insurgents and
Democrats to Fight for
More Revisions.
PRESSURE TO CONTINUE
Special Dispatch to THE New York HEnALp.
New York Herald Bureau.

New York Herald Bureau. !
Washington. ID. e.. July le.
With opposition to the Fordney- Nc
Cumber tariff bill growing and the
open revolt among Republican Sena-
tors gaining ground rapidly. the Sem
ate Finance Committee made another
effort to save the situation to-day by
announcing complete revision down.
ward Of the textile schedules-cotton.
wool and silk.
Senator Smoot (Rep., Utah), second
in control in the committee brought
in complete new set of rates on cot
ton cloth, cotton hosiery and other
cotton goods. AS a rule the rates in
the committee draft are cut about one
sixth. Where a duty was to have
been 80 per cent. ad valorem, it is now
25 per cent
Senator Smoot, replying to question:
by Senator Simmons (Dem.. N. c., in
Charge of the opposition to the bill.
said that the committee would report
which also have been severely criticised.
The new rates on wool and silk goods
will be announced. he said. as soon as
the cotton schedule is competed by the
Senate as committee Of the whole, a
matter OF only few days.
Pressure Brought Cuts.
The acton OF the committee in vir-
tually rewriting these three important
schedules is a direct result. 1t was
freely admitted in the Senate. of the
determined opposition to the high and
unscientifo rates. The committee was
forced into making the changes. the
enemies Of the bill declared by fear
that the revolt among Republican SEN
ators was actually endangering the bill.
Senator Jones (Rep., Wash) in an
Interview to-day took much the same
position as Senator Edge (Rep., N. J.)
yesterday in condemning the measure
as far too high and declaring that he
would vote against it unless there was
assurance that the rates could be re-
vised downward without Congressional
action within a short time. Seven SEN
ators on the Republican side oppose the
bin because of its high rates and others
have let 1t be known that their opposi-
ton may be expected.
The reduction of the rates on textiles
was attended by series of conferences
among the Senate Republicans, in which
Senator'S Lodge (Rep.. Mass.), the Sem
ate leader. and Senator Watson (Rep..
Ind) of the Finance Committee urged
the wavering Republicans to stay in
line behind the bill. They promised
such reductions as possible. and in
dicated that the bill could be justified
with the promise that within a year.
perhaps, as soon as additional data
could be collected, there would be a
new revision of the tariff. even IL the
President did not receive the necessary
authority to readjust the rates himself
Democrats Gleeful.
The Democratic opponents Of the bill
were in high glee when the Finance
Committee changes were announced.
They declared the reductions had been
forced by the Democratic opposition and
by that portion of the Republican press
which has been brave enough to
repudiate measure sponsored by the
Republican Senate control.
The Democrats, however, will not stop
their fight against the rates on cotton.
wool and silk. Even with the reduc-
tons. according to Senator Simmons,
the rates are far too high. and he and
ms colleagues expect to show that in
the debate within the next few days.
Because of the involved character Gs
the bill. 1t is virtually impossible to give
a comparison. with brevity. of just what
the new rates mean. There is little
basis Tor comparison with the Payne
Aldrich law; different basis Is used In
establishing the figures. The Demo-
Gratis insist, however. that the rates.
even as altered, are higher in the end
than the Payne-Aldrich rates, although
the Republicans are preparing to insist
that that is not the case In any event,
the rates are much higher than those