Show UNDERWOOD REASSURES BUSINESS INTERESTS Democratic Leader Denies Tariff Rates Will Be Reduced to Harmful Extent Washington Jan 24 Chairman Underwood Underwood Underwood Un Un- derwood of ot the tIle House committee on ways wars and means announced empl emphatically cally at the tariff hearing toda today that there thero was no intention of cutting the rates of duty so low alone Iong competitive e lines as to ruin the tho business Interests of ot the tho countr country He lie took exception to Intimations he attributed to Republican members that the Democratic majority of ot tho the committee purposed to make rates that would disturb business pros pros- pen ty The Thc committee which heard ti tho th testimony tes tea timon of man many manufacturers and I Importers on the thc flax hemp and Jute schedule of the tho tariff was not disposed disposed disposed dis dis- dis- dis posed to question the tile competitive character character char char- acter and luxury classification of ot man many of or the tho laces embroideries and other arides articles ar nr- ar- ar t ides In the tho schedule Mr Ir Underwood took occasion to agree ree a as ns to somo some of or t them hem that their competitive status seemed to have havo been sustained This i Indicates that the committee favors ors ro- ro t of ot approximately the same rates on many Items The schedule Is la one of ot the most profitable in the whole tariff scheme and produced last year car more than 49 of or revenue rc with duties I ing ng above aboe 45 per cent ad valorem Somo Some of these articles will be bo reduced d to stimulate competition and bring rev rev- ernie |