The daily banner. (Cambridge, Md.) 1897-2008, 1922-09-13
C0NfEREES' IES;!FF
BILL BEFORE HOUSE
Expected to Raise S40O,OOO,-
600 Revenue AphuaII),
LEVY OF RATES HIGHER

Authority is Given to President to
Raise or Lower Rates at His Dis
certion.
Washington, Sept 13--The admiiiis-
tration tariff bill as finally perfected
in conference was presented in thk
house and the conference report on it,
bearing the signatures of the Rel: ub-
lican managers, will he called up today
with the expectation thar it will he dis
posed Of not later than Thursday.
The measure then will 60 To the sem
ate, but because of opposition 10 tne
dye embargo and other provisions. ac-
ton there may be delayed Il week or
more.
As now framed, the bill is estimated
roughly by the experts to raise ap-
proximately S40O,000,OOO in revenue
Oil the basis of the present volume Of
The nations import trade The level
of its rates. according TO the experts,
j. slightly below the level in the
Payne -Aldrich bill, the last Republican
protective tariff, but is considerably
above the level Of the Democratic Tn
derwood law now in lorce.
The bill will become effective im'ne-
diately after President Harding signs
il and will replace both the Under
wood and emergency tariff acts. II is
designed to large extent, its frant-
ers have said. to meet the unusual
world economic situation and more
particularly to protect American in-
dustries from the low-cost industries
III Germany and the countries carved
out Of Austria-Hungary
In its effort TO meet this situation,
the house based the al valOrem duties
on American valuation, that is the val
ue of the American article comparable
t. the imported article, bur the Senat
Went back TO the time -honored system
OF foreign valuation. 1t added, how
ever, provisions which were approved
III conference, comforting broad au.
'.iority on the president TO. increase
CT decrease rates on foreign vuataion
aud 10 declare American valuation.
taar is, the wholesale selling pG:ce in
the United States. as tn ebasis for
assessing duties wherever it was
shown that this was necessary
The conferees, i'll perfecting these
provisions, however, decreed that the
president could not increase rates
after he had declared American valu-
alton. He might, however, decrease
; them within radius of 80 per cent.
Where the foreign valuation remained
IN force the president could raise or
lower any rate within radius of so
per cent of that fixed in the measure
In rewriting the bill on conference
The Republican managers reduced the
wool, sugar and dye rates. The wool
rate was made thirty-one cents a
secured pound, and the compensatory
duty on manufactures Of woolen goods
was cut slightly in consequence. The
ad valorem rates We're unchanged,
however, ranging from 40 to 30 per
cent on cloth. from 80 TO 10 per cent
on blankets and like articles and from
10 to 60 per cent on outerwears: from
''o " w pei NCht hlllt ulIuSl W eur
and from 30 to 80 per cent on hose,
gloyes and mittens.
The sugar rate was cut from the
senate figure of 1.S4 cents a pound,
Cuban raw, to l.T6 cents pound.
This compares with the 1.6O cents in
the present emergency tariff law and
the one-cent in the Underwood act.
Black strap molasses was removed
from the free list to the duitahle list