Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-11
SENATE RECEIVES
NEW TARIFF BILL
Measure Expected to Provide
$500, 100000 to s35o,oo0,-
900 Revenue Annually
LONG FIGHT IN PROSPECT
BY the Associated Press

washington. AprlI lI.-lnc AUiHln- :
istraton tariff bill. as rewritten by Sem
ate Finance Committee Republicans on
the basis of foreign valuation, with pro.
visions for flexible rates and proclaimed
American valuation as recommended by
President Harding was presented today
to the Senate. 1t was announced that
it would be taken up April q. a long
fight is in prospect, with some estimates
that IL might continue for three months.
Taken as whole. the bill. according
TO estimates Of committee experts. aver
nges slightly higher than the Payne
Aldrich law. the last Republican pro-
tcctivc tariff net. AS compared with
the House measure. the specific rates
generally are higher. Treasury experts
have estimated roughly that the bill will
raise from $500. 900 900 to $3.50 900 900
CT revenue annually. The House meas
urc was estimated to raise $500. 200, =
600. while the Underwood law yielded
between 500. 900. 900 and $500 900 600.
There is dvis ion Of opinion as to tho
the cost Of living.
Industries Protected
In the official report ACCOMMODATING
the bill 1t is stated that the committee
majority hnd "cndcavOrcd TO recon ?
mend rates that will afford protection
to American industries and permit them
to pay wages sufficient to enable our
workm"n to maintain an American
standard of living"
The rates in the agricultural schedule
generally average higher than those in
the House bill and include large num-
bcr OF items which were on the free
list in the Underwood Bill. but placed
on the dutinblc list in the emergency
tariff act now in force. As n general
rule, the rates written into the ngri-
culture SrEedrlc are at about the level
demanded by the senate Rem. .blican.
farm tariff blcc. The duty on wheat
was fixed at thirty five cents bushcl
the same as under the emergency act. .
but five cents above the figure fixed in
the house bill. Under the Democratic
tariff act wheat was free.
Tho basic wool rate of thirty five
cents n pound on the secured content
written into e bill. also was that
asked by the Republican. filrm. tariff
bio Ths rate is eight cents higher
than that in the House bill and is
about on level with that in schedule
X Of the Payne -Aldrich act. Under the
Underwood law wool was free.
Hides Taken From Free List
Cattle hides were taken from the free
list for the first time in many years and
Il duty of two cents on green and four
cents on dried proposed. These are
about the rates asked for by the agri.
cultural tariff bloc. The rates on shoes
were fixed at from six cents a pair to
twelve cents Il pair and per cent ad
valorcm.
Under change made in the dye pro-
vision. the President could continue
the present embargo with licensing
system for one year beyond the period
Of one year from the date Of the sign
ing of the measure rs originally pro-
vidcd. Rates on dyes were fixed at
seven cents II pOurd and 80 per cent
ad valorcm on unfinished componcnts
and seven cents Il pound and 30 per
cent on finished dyes.
1t is proposed that long staple cot
ton be placed on the dutiable list with
the rate at seven cents n pound. rs COM
pared to the fifteen cents asked for by
the argicultural-ta bloc. Short
staple cotton is retained on the free
list The duties proposed in the silk
and silk goods schedule are said to be
about the level of those in the Payne
Aldrich law.