Evening journal., 1922-04-12
TARIFF BILL
GOES TO SENATE
Yield of 800 to $50 Millions
Expected, More Than
Fordney Plan
MANY DUTIES
ALMOST DOUBLED
Rr CARL d. GRoAr.

(United Press STAFF Correspondent
WASHINGTON, April IL. - The
Senate tariff bill. the product OF
months of tireiess deliberation a
measure designed to protect the
American workman and farmer and
to raise the estimated revenue OF
about SS50.000,000 a year. was re-
ported to the Senate today. by SEN
ator McCumber, chairman OF the
finance committee.
Its friends hailed It as a remark
able piece Of work, destined to help
American business. shielding 1t from
the inroads of foreign dumping.
price wars" and general competi-
tion. Its enemies designated it a
tariff protecting" American farming
and big business at the cost OF in
creased living prices for the general
public.
Based on a new idea--foreign val
utation Of goods-it is slated for a
stormy time both in the Senate and
in the House. An outstanding fea-
ture of IL is that II raises rates on
farm products. and in general main
tains level about on a par with
the Payne Aldrich bill and much
higher than those Of the present
tarin-the Underwood law
Senate hackers say II will pass by
July-with foreign valuation. House
Ways and Means Republicans, open
~ wrathy at ignoring OF their
wishes for American valuation, swear
that foreign valuation must be ditch
ed II the bill is TO get through botf
houses.
Some prophets are saying Il will
never be passed in this session. but
must await the next.
Fights on the floor are destined
over hides and shoes-perhaps the
bitterest row OF all; on dyes, silks
sugar. wool.
New special means OF fighting
dumping" and unfair price wars
are provided.
The bills basic provision-th,
method of fixing values upon which
duties shall be assessed--is broad
and elastic and includes revolution
airy grants Of authority TO the Presi
dent TO meet changing world eco
nomic and business conditions b,
altering the tariff law to conform
to such changes.
II neither the foreign nor the ex
port value can be sAcertained, duties
are to be levied on the u. S. value
defined on the price that like good
bring in wholesale quantities, at tn,
time of expectation OF the foreigl
goods. with allowance for commits
sion. profit, shipping expenses. con
tainers and the like.
II IL is impossible to ascertai
ether the foreign. the export or tn
q. S. values. duties shall be base
on cost of production. This is he'll
TO include cost Of materials. fabrica
ton, process or manipulation;
per cent for general expenses. cost o
containers and s per cent. for prohi
On articles Of the same class o
kind as any upon which the Presi
dent under the law has issued
proclamation affecting the rate q
duty. by reason OF one or another G
the various causes for such actio
specified in the bill. duties are to b
computed on the American seilin
price which Is defined as the reta
price at which the goods would b
sold in this country. at the time G
expectation.
Supplementing the valution pro
visions are detailed provisions au
thorizing the President 10 amend tn
law by proclamation after investiga
ton has convinced him Of the neces
sity OF such action To protect Amer
ican industry.
The president is authorized to:
1. Increase or decrease duties o
change classification Of merchandis
so as TO aqualize differences In com
petitive conditions as betwee
American and foreign producers
such Increase or decrease not to ex
ceed SO per cent OF rates specified Il
the present law.
2. Apply American valuation I
articles the importation Of whic
under foreign valuation would ten
to injure an American industry.
3. Modify or abrogate actio
taken under the above authorit,
when he finds necessity for such hs
passed.
4. Prevent dumping OF foreir
goods. either by increasing duti
from 10 to so per cent or by exclu,
ing such goods entirely from a
u. S.
s. Meet tariff discrimination
other countries against Americs
products. by proclaiming new al
additional duties against the pr
ducts OF that country. or by exciu