The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-02
American Valuation FOLLy
IYHEN you frame common sense tariff
y simple. You decide approximately "

~ OF protection should be given to INDUSTRY, LABOR
and INVESTED CAPITAL, in the United States, competing
in home markets with FOREIGN labor industry and
invested capital.
Having made up your mind what protection is desirable
you add to the price that goods cost IN EUROPE the
amount of the tariff upon which you have decided
In other words, there is EUROPEAN VALUATION Of
merchandise 1t is valuation easy to establish. 1t may
be the invoice, it be established accurately.
The American consul can authenticate it.
Having established that FOREIGN VALUE of goods,
whether in England, Italy, China, the Argentine Germany
Span you Before the article is sold the United
States there shall be added to that FOREIGN VALUATION
certain tariff which the United States Government will
collect thus increasing its revenues and protecting home
industry, labor and capital
The extraordinary entirely unheard of and dangerously
vicious feature of the Fordney Tariff Bill is the effort
fix the tariff AMERICAN VALUATION OF GOODS.
That is stupid, confusing and harmful as would he
first added tax to foreign goods and then put tar
iff that is because what business needs
above all, if it is to and go forward is GER
all important matters
What is the of talking about AN AMERICAN VAL
UATION as the basis of a tariff
The tariff is placed what it costs to produce goods
abroad, that is to say, FOREIGN VALUATION. Is
the business most important business of
all, which the distribution of goods through retail
agencies to be kept in uncertainty unable to purchase with
safety constantly at the mercy of AMERICAN VALUA
TION scheme absolutely without limit impossible regu
late sound basisf
If in California imports goods, will Government
agent out there put ONE American valuation the goods
and if in Maine imports the goods, will AN
OTHER valuation be placedi
Shall have people throughout the country jockeyns
in valuation buying goods in place to ship to another
place in the United States, taking advantage of
foolish American valuation place than in the othere
Who the Americans that to place the American
valuation goods abroad whose NORMAL FOREIGN
VALUATION CAN BE IMMEDIATELY ASCERTAINEDf
Not only the merchants of the United States whose bust
would be harased and made uncertain by this stupid
valuation provision all that consider with
the questions involved denounce this extraord
nary plan which Mr. Fordney has given the necessary
careful thought
Prof. Walter F. Wilcox of Cornell College, says:
s t1 ID: es"ss BY
Pay. S ns
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Prof D. Dozier professor of economics at Dartmouth Col
lege says
s ter
the European market goods
f ssSsd S iiasy S ss
No d. slSss sSsss
,ss ss,:s ssss
By ourselves we don't want
It's ssy 'sS'as
fTsu as are and see 10 that no
What you have just read affects the man working in an
iron foundry harvester factory. Five million men are
out of work in this country BECAUSE WE ARE NOT
SHIPPING GOODS TO EUROPE Ten millions of men
will be of work if that continues Our customers live
abroad those that take up the slack in labor market
If do not arrange to deal with those that live outside
of the United States there won't be enough those
that live INSIDE of the United States.
AMERICAN VALUATION, which can have no stability
uniformity will involve thousands Of unnecessary
PlOyes, graft and manipulation unlimited and HARD