It is no radical departure, in view of varying conditions and the disordered state of money values, to provide for American valuation, but there can not be ignored the danger of such a valuation, brought to the level of our own production costs, making our tariffs prohibitive.
Harding discusses the potential risks and implications of adopting American valuation for tariffs in the context of fluctuating production costs.
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We ought to amend to meet the demands of the people when sanctioned by deliberate public opinion.
Its preparation is a signal achievement, and the perfection of the system, a thing impossible in the few months available for its initial trial, will mark its enactment as the beginning of the greatest reformation in governmental practices…
I hope a way will be found to make for flexibility and elasticity, so that rates may be adjusted to meet unusual and changing conditions which can not be accurately anticipated.
There is actual depression in our agricultural industry, while agricultural prosperity is absolutely essential to the general prosperity of the country.