The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-04-12
NEW TARIFF BILL
REACHES SENATE
Rewritten by the Finance
Committee, Based on
Foreign Values
DEVISED TO HELP u. S.
Framers Attempted to Pro
vide Protection That Would
Standardizc Living

WASuINGTON, April % Tho
administration TARIFF bin as rowrii-
ten by scnat, finance committee rec
puhiIgaua ul 'hr basis f1r foreign
valuation with provisions for Il'h
iblc rates and proclaimed American
valuation us recommended bN IfN.I
dent HlJdlug was pIr' u'od today io
the senate D. was announced that
u would hu taken ul April H.
long tight la boo prospect with some
eatImutoH that It might continue for
three months Taken ua h whole
tho biIi. according iu cH.im1ioH ni
committee experts. averages slightly
higher than tho Payne. AlltiDu lass.
the lasf republican prot ufisu iutlit
act As compared with tho house
measure tho specific rates arc rru-
orally higher. bat the ud yHlurrm
rntcs generally arc lower aa such
rates iu the house BIN woro based uu
American valuation. Treasury experts
have estimated roughly thlt the hill
viii raisc from f3UU.UUU,U0U Go $500.
600. 600 OF revenue annually but they
have not yet had time 20 complete
accurate calculations The house
measure was estimated TO raise
$500, 100000. while the Underwood
law Yielded between t2O0,OOO.OOO
aud 100000. 900.
How IL VIII Affect living Costs
There u a. division OF opinion
among the trainers as To- the prob-
able effect the measure would have
on the cost OF living In tho Of
nclal report accompanying the bill
II IL stated the committee majority
had "oudoayorCd 20 recommend
rates that will afford protection to
American industry and permit thom
90 pay wages sufficient 20 onublo our
workmon to maintain an American
standard OF living"
with regard TO the agricultural
schedule, the reports said, tho COM
mittee adopted the policy OF giving
20 agriculture tho measure OF pro-
toctiun that has been accorded TO
other Industries with duo consider
alton to the needs Of all sections and
as of all industries"
Tho rates In this schedule gem
orally average higher than those In
tho house bill and includes a large
pumher OF items which were on tho
'ree list In tho Underwood bill, but
placed on the dutlablo list in the
emergency tariff act now In force.
Meet Bloc's Demands.
As n general rule, tho rates writ
are at about the level demanded by
the senate republican farm tarirf
bloc. Committee experts stated,
however. that with few exceptions
the rates In the schedule would not
exceed 25 per cent. This schedule
embraces meats, eggs, vegetables
generally. fruits and practically all
other products on tho farm. The
duty on wheat was fixed at a5c a
bushoL tho same az under the
emergency act, but 30 above the
figure fixed In the house bill. Under
the democratic tariff act wheat was
free.
The basic wool rate OF sac a pound
on tho secured content written into
the bill was also that asked by the
republican farm tariff bloc. This
rate Is Sc higher than that IN the
house bin ana Is about on a level
with that In schedule X OF the
Payne-AldriCh act.
Because of the different ciassifl-
cations used. II Is difficult to COM
pare the new wool schedule with
schedule *, but SenatoB Smoot OF
Utah, who drafted the new schedule.
is authority for tho statement that