that there is also a "maximum," and it does not augur well for the
consumer. Suppose a foreign nation discriminates against our goods; we,
acting on the "maximum" theory, discriminate against theirs, and the
result is that the consumer pays the value of the article plus the
amount of the tariff of discrimination, since it has ever been true that
the limit in price is the top of the tariff wall.
A noteworthy feature of the bill is the provision for the formation of a
Tariff Board, composed of experts, who shall conduct investigations with
the view of evolving a scientific tariff. The board has little power
save that of advising the President in the application of the "maximum