Evening star., 1922-09-20
PRESIDENT GETS
TARIFF BILL TODAY
Signature to Complete Act
That Will Yield U. S. S4CO,-
100000 Annually.
SENATE VOTE, 43 TO %
Two Democrats Favor Measure,
While Five Republicans Cast
Opposition Ballots.
SENATE VOTE, 43 TO %


Tho Observation-Disclosures tariff bill
Is expected to become law in Few
DAYS The Senate put through the
conference report on the measure late
Yesterday afternoon thereby placing
the final legislative action upon the
measure After it has been signed
by the President it becomes law The
bill will go to the President today.
The Senate vote was 43 to % and
came one year. eight months and
thirteen days after work was started
on what will be the first republican
protective tariff law in. nearly ten
years.
Five republicans voted against the
conference report and two democrats
supported it. Three republicans
cameron, Cummins and Lenroot. who
voted for the bill as amended in the
Senate, opposed it in the form 1t came
from conference.
The democrats voting for the bill
were Broussard and Ransdell OF
Louisiana.
Republicans Opposing Bill.
The republicans voting against the
measure were Borah. Cameron, Cum
Minis, La Toilette and Lenroot.
or the absenteeS it was announced
that Senator kendrick, democrat
wyoming. was in. favor of the bill
and Senator Norris. republican. Ne
braska. in opposition. Other absent
republicans and democrats, it was
stated We're, respectively. for and
against adoption.
Treasury experts estimate. that the
new act will yield about 40o,OO0.OOC
a year in revenue. one-half from
these four sources: Sugar. $S1 1,O0O.oOo
raw wool, S63,00O.OG0; tobacco, $780,
600. 1000. laces and embroideries, $15,-
100000.
Joseph. S. Mccoy. actuary of the
Treasury. figures that in actual op.
Grafton the effective equivalent ad
valorems will average slightly below
those in the famous Payne-Aldrich
act The average of the rates as
written. however, is declared to be
slightly above the average of those
in the 1909 act.
Some Duties imperative.
In making their estimates. the ex'
perts say they have calculated thai
some of the new duties. particularly
those relating to cutlery. will be in
operative, because they are. so high
as to be practically prohibitive
while others. including most Of those
in the agricultural schedule. will be
imperative because of an absence OF
imports of the commodities they
cover.
Rates in some of the schedules are
declared to be the highest in the his
tory of American tariffs, while those
, in othek schedules are estimated to
act. In the highest class are place.
sugar, raw wool. silk. laces and EN-
broideries. cutlery, agricultural prod
ucts and provisions, and dyes, syn
thetic chemicals, S.medicfnals and
other products of coal itar. @s
The fax, hemp and jute schedule is
estimated at only slfghtly-more than
that of the existing democratic law
while the cotton schedule is described
by the experts as the lowest in any
previous protective tariff. Also. 1t is
asserted, the duties on manufactured
woolen articles are below those OF
any other similar act.
Comparatively low rates also have
been written into the wood. earthen-
ware, metal. paper and books and
sundries schedules, according to these
authorities. Except for the coal tar
products. the chemical schedule also
is estimated at below that Of the
Payue-Aldrich measure.
Bill Sets Precedent.
This bill marks distinct departure
in American tariff making. in that
the President is given broad author
ity over taxes at the customs houses
Upon investigation he may increase
or decrease any rate in the bill so
per cent should that be necessary to
equalize the difference in the cost OF
production at home and abroad.
In addition the executive may de-
clare American valua tion as the basis
of assessing ad valorem duties. In the
event that such a basis were used the
duties could not be increased, but the
experts estimate that the actual
change from the foreign valuation to
the American valuation would bring
about an average increase OF 100 per
cent in the rates After declaring
such valuation the President could
however, reduce any duty by so per
cent.
The tariff commission is authorized
TO assist the President in carrying
out theses so-called flexible tariff
provisions. and would make exhaus-
rive Investigations and hold hearings
dil ihlcleSlCu paIl1eS Woulu
be given opportunity to submit evil
dence and argument. This is the
scientific tariff feature of the new
bill
John T. Adams. chairman of the
republican national committee, de-
clared last night in a formal state
ment that enactment of this tariff
would mark the beginning of an
other era of good times in the United
States
1T guarantees to employer and en-
ploye alike security from destruc-
tive competition" he said. 1T affords
protection to all sections of the coun-
try and all classes of producers. 1t
has been correctly styled an all
American protective tariff"