AMERICAN TARIFF BILL

Otago Daily Times, Issue 20930, 21 January 1930, Page 9

AMERICAN TARIFF BILL

- i THE FORTHCOMING REVIEW. COMMENT BY NEW YORK WORLD. (United Press Association.) (By Electric Telegraph—Copyright.) NEW YORK, January 19. (Received Jan. 20, at 11 p.m.) The New York World, in a leader commenting on the forthcoming review of the Tariff Bill before the Senate states that the body, will then “ have an opportunity to -undo the betrayal of the consumers ” contained in “its abject surrender to the unreasonable demands of the wool growers and manufacturers.” The paper continues; “If, for no better reason than' political expediency, the wool schedule should be overhauled and the rates drastically reduced. As it now stands the schedule smells to heaven. It will rob the poor and the poorer the citizen the worse he will be robbed. It really blows at the farmer’s pocket book and large wool ranch owners are in a better condition than any other agricultural group. They have recently been adversely affected by two bumper clips, in Australia, but the price of wool is still further above the pre-war level than the prices of other staple farm products. Under modcl conditions the small farmer cannot raise sheep for wool, at a profit. In effect, then a higher duty means taxation of the less prosperous for the benefit of a small fraction of the relatively prosperous, and it it is certain to help those who help nobody.”