Show 0 II The The Tariff Proposal f I V I A PRESIDENT T J. J P. P WOOD of the the- National As- As of W Wool M Manufactures Manufacturers takes s ti c to the the proposal proposal- of oc President Ha Harding d ng for or executive fixing of tariff duties to meet new new and Sand changing conditions condition Hi His s objections are well founded an and l should shoud be carefully considered consid red by y congress 0 oreSs be before re definite action is taken is no good reason why this 1 lary p power power- should be gr granted nt d to to the executive of the government nt The tariff is in- in aed d to protect and t d stabilize stabilize American bui business es J J tier dbr the proposal or President i Harding the thep ine p site effect would b be produced t Constantly ch changing nging duties s would I s serve ve t tn to ee n American business in a t state f unrest t. t r i is too much like t the e tax system in in inthe m. m c e eat t th the present time B Business Business- Businessmen siness me men cannot ate what taxes taxes' they will I pay y because conI con con- conis 4 I is constantly changing the revenue la V s. s nU is the logi logical al' al result of this procedure d rel he Fhe new tariff proposal is of f the same stripe r many of our our people se seem e m to think that q cress fress r ss must pass hundreds of bills at e each cl cle e eo As a result W ve we lose the benefits which oe e from permanent bu building On One law which va for a a period ten often o ten years or lon longer er 5 3 uch better than one which is is' is changed annu- annu the same n period N r The summary a of the i tariff jf proposal tele- tele from W Washington n shows that the he meas- meas r provides t that aJ it shan shall be the the duty o of the resident to ascertain differences m in m conditions in t the e trade of bf pf products in hi the J Joked if d States as as' compared r with wH for foreign countries s I n which will enable him to to fix a rate of dl duty ty pon imp imported me merchandise that will vill eq equalize ali e the inferences he may mar find to exist in h favor of producers in m marketing rk ting their products ts' ts i ih in h United States States I x Oi t 1 provided Provid that in det determining p ini g such differ differ- i es the he president may take into consideration prices at which the goods goods' are sold in the 3 States tates and in iii competing fo foreign ign countries the fhe wages paid the cot 9 t. t of pf of materials ri ls tK tiB a and d it is also provided that upon ascertain ascertain- n nep of j such information Il the thief hief executive n na pro laim such uch changes in classification or ora a ati of duty a as will vill equalize such diff differences in inh h k ts of this country ou hy Maximum pe percent percent- ce t- t of increase or decrease pr are provided but tut figures gures h haveS have v temporarily been left blank Jn In n. n the case of f g goods goods- subject to tb ad valorem valare l the president may may if h he finds b because e aue ause of I d preci tion of the currency y or cr other ble conditions in the count country y of origin that that- hval alue e is is' is not a c certain basis for duties direct h f the ad valor valorem m duty nay may b be paid on on the th f jesale selling price of the articles articled in the tile markets markers of or the United Stat States at at the the time f leir exportation ip to p this this' country fhe he adoption of of this propos proposal l would be be bel l to to carry rry protection beyond the realms realms of e n. n It would serve to keep prices Jn In the JI Jed 1 States at a high level s since it eliminates tely all aI foreign competition American Ainer ar lt hess should be be foste fostered and and ande e encouraged cou aged Tout concede that it an n embargo on I Ij loreign products and makes consumption of of r on goods goods' o d com compulsory Under this plan rican mincan manufacturers might charge any price I hg desired k knowing toot that the he tariff riff wo would l dis- dis of any any- competition which might make mak them 1 l Jd to t fair an and i reasonable profits profit v |