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Show PRESIDENT HARDINS TO ADJUST RATES HEAD OF WOOL MANUFACTURES' OPP08E3 TARIFF RATE AD- JU8TMENT AS PROPOSED Smoot and Wilson Take Issue With (Phlladelphlan In Schedules Heard By Congressional Committees Wnshlngton President nnrdlng's proposnl to congress thnt ho be glvon authority to ndjust tariff rates as changing conditions might warrant is "altogether impracticable and undesirable," undesir-able," J. P. Wood of Philadelphia, president pres-ident of the National Association of Wool Manufactures, declared Wednesday Wednes-day before tho sonnto finnuco conimit-too conimit-too nt hearings on the wool schedulo in tho tariff bill. Such a plan, he snld would keep industries "In a state of unrest" and would result in constant pressure for chnnges being brought to benr on tho proBldont and on tho tnrlff commission. Senntors Smoot of Utah and Watson of Indiana, Itepuhllcan members of tho committee, differed Uh Mr. Wood, arguing thnt tho plan (imposed would result in loss uncertainty for business than would othorwlso follow the liquidation liquid-ation in. Europo nnd the chnnglng values val-ues of currency abroad. Senator Smoot doclared that under present conditions congross would havo to flolegate authority au-thority as to tariff rates In some such mnnner as suggested by the president. |