Show SMOOTS BILL AFTER an enormous amount of labor senator smoot has introduced an antidumping anti dumping bill which has been commended even by some of 0 his hia democratic colleagues it is intended to prevent our market from being beine flooded wilh nith goods which will ruin struggling industries especially the new Indu indeed stiles ies it will serve tile the until such time purpose of 0 protection as a general tarlet law can call be devised and passed to meet revolutionized conditions the amk necessary to perfect tile the when it is be realized in measure e aluie may stated that the bill is largely devoted to definitions to fix the market value and other terms so as ai to determine whether Nh ether products are being dumped in this country at less than the cost of 0 production in tile the country of origin thus thu foreign market value at the place of production I 1 is declared to be tile the average price within a period io to be determined by the tariff commission at the same merchandise is ig sold in the country of production in the absence of such a standard or where the price is less than cost the commission is is authorized so to declare and the cost of production is substituted in determining values at a time when prices are high hightie the unthinking are apt to welcome low pr priced 1 ced borei foreign n goods but even a moments thought w will show that A it industries dus tries ale aie ruined by foreign goods sold at less than cost coat the he altin ultimate at suffer buffer is lie american worker and consumer the nature of the unfair competition at which the smoot anti antidumping bill is aimed Is not generally general ly understood der stood it is that kind of unfair competition which is banned by many of out national and tate state lai davs S we do not permit it among ourselves ii it we can help it and there is no reason why we should permit foreign dealers to cripple cripp le our industries by methods which we consider are crooked what dumping means can b be e illustrated lust rated by a german comi commercial nercia I 1 coup in south america shortly before the european war american sewing machines were finding a mar ket in the latin americas ard and the file Cern germans cerniant ians become alarmed they dispatched salesmen to undersell the americans and it if necessary tcp adgive away the sewing made in germany the american machines were mere driven from the 11 field ands anda athen then the german dealers raised the prices rices of their machines to a level le vel ill that a t t would permit them to make up all ail past losses and gain an exorbitant profit let us take another example when our business men established the textile industry many years ago the manufacturers ot of manchester england tried to kill the infant industry they raised a huge slush fund for the purpose and sold cloths claths at prices far below those exacted of english buyers at home the losses were recouped by making theung lish pay for the entire campaign w which after a bitter struggle ended in failure any any competing nation which tries unfair tricks will ill find itself suddenly tolled foiled by the smoot bill it it becomes a law as it almost certainly will Croo crooned peI foreign merchandising will be met by a tariff rate which will stop it at once the citizen salt lake |