The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1909-08-20
VIEWS Il TARIFF ACI
GIVEN OUT BY TAFT AS HE SIGNS
NEW BILL.
SAYS PROMISES ARE KEPT
President Maintains Protection Has
Been Retained Sufficient to
Bring Prosperity.
SAYS PROMISES ARE KEPT

Washington. Special President
Taft has given out statement EN-
bodyine his views OF the new tarii
act. which he designates officially as
the Payne bill" in accordance with
the past custom OF giving first recog.
milton 10 the Trainer of the measure
In The House OF Representatives.
The President declares that while
ne bill is not perfect by any means.
nor "a complete compliance with
promises made. strictly interpreted. 4"
Il Is nevertheless a sincere effort on
the part OF the party 10 make down
ward revision and 10 comply with the
promises OF the Platform
The statement in full follows.
u have signed the Payne tariff bill
because / believe il 10 be the result
Of sincere effort on the part OF the
Republican party 10 make a downward
revision and 20 comply with the prom.
ises of the platform az they have been
generally understood. and as | inter
pretei them III the campaign before
election
This is no, perfect tariff bill. nor
a complete compliance with the prori.
ises made, strictly Interpreted bu, a
fulnlment free from criticism in re.
speci 90 subject matter involving
many schedules and thousands Of ar.
tcles could not be expected II suf-
fees 90 say thai. except with regard
20 whiskey. liquors and wines and In
regard 20 silks and as 20 some high
classes Of cottons. all Of which NAV
be treated as Injuries and proper sub 1
lecfs Of revenue tariff. there have |
been very few increases in rates.
There have been a great number /
Of real decreases in rates aad they /
constitute a sufficient amount to ius- I
uiy me statement that this bin is a I
substantial downward revision and a
reduction Of excessive rates
This is not free trade bill II
was not intended TO be The Repub-
hcan party did not promise TO make
a free trade bill.
u promises to make the rates pro-
tectiye Ont to reduce them when they
exceed The difference between The
cost Of production abroad and here
making allowance with the greater
normal profit Of active investments
here. -
believe that while this excess
has not been reduced in number az
eases. in q great majority the rates
arr such as are necessary 10 profacf
American Industries. but are low
enouaa 30 case Of abnormal increase
q demand and raising Of prices 10
permit iho possibility 81 the importa-
uon 70 tle foreign articles and thus
prevent excessive prices
d. power granted 10 the execu-
we Under the maximum ana mini
mum clause may be exercised 10 10.
cure ne removal OF obstacles which
nave .'en interposcd by foreign rov. {
eihmgs IN The way OF undue ana nm
IAlF .ser.mination against American
merchandise and products.
me Philippine tariff section 7 have
struggled % secure for ten wears mast n
ana Y sraiides me exceedingly nv nv n
signature 20 give it the effect ~ Law b
am sure u will greatly increase the !,
lrdHe between the two countries ami I
y VIII io much TO build m The pbiIin-
pines in heaithfu prosperity !,
he administration clauses OF the Il
bl. ana The customs court arc ,t,Sir y
any adapted TO secure a more mn Z,
l,Im and more speedy final con. !,
sH-ctlon 81 the meaning Of The law n
'Nf " AiiF IIRNlfBnf IN az
~ agents 20 assist him in the annu !
.auoh % The maximum and minimum :,
,rgloh OF the section OF the statute
'nuu ~ enable officials TO alminis,er
u la" gives wide latitude for tho "
t.stNon under circumstances "a. q
o'aO't " Us truth Of information IN q,
espe' 70 The price and cost Of nro. 60
Nt'u ~ goods al home and abroad Ci
'aDn VIII throw much light on The az
.sIe'ion o. the present tariff ana no
primary Importance to officially col. ito
1 'D'ea Data upon which future execn. Sc
NJ action and executive relations Pr
laY ne based a
ILL. nt corporation tax is a inst ana an
d du'a'ie excise measure. which II n Gu
Oped viii produce snmn,an, be
'o prevent deficit and en-
NJ mcn incidentally will secure vain rec
IN statistics and information con. sta
. \ me many corporations of STA
\. country aad will constitute I'm. roe
,a ,au, steps toward that degree ~ vi
, rHy and regulation which The J
> 49, IN corporate enterprises in in
~ '"eh'y years has shown to he mil
'eS'ai bill