Show PRESIDENT mm HARDING TO ADJUST RATES HEAD OF WOOL manufactures OPPOSES TARIFF RATE adjustment AS PROPOSED smoot and wilson take issue with philadelphian in schedules heard he rd by congressional committees washington president s proposal to congress that he be given authority to ito adjust tariff rates its changing chan Ling conditions might warrant Is s altogether impracticable and able J P wood of philadelphia president of the national association of sool ool manufactures declared wednesday before the senate fla iannce tince committee at hearings on the wool schedule in ili the tariff hill 1111 such a plan 1 he be said would keep indu industries stiles in a state late of unrest and would result in constant pressure for changes being brought to bear on the president and on the tariff commission senators of venh and watson of IndIn indiana nn He publican members of the committee differed with sir mr wood arguing that the plan proposed would result in less uncertainty for business than ihan would otherwise follow the liquidation in europe arid anil the changing values of currency abroad senator smoot declared that under present conditions congress would have to delegate authority ns as to lariff rates in some such manner as suggested by the president lent |