The Cairo bulletin., 1909-03-05

rope 70 De az TO submit. a. TIE
first regular session of the incoming
congress, in December next definite
sugEesiio.a In respect to the needed
amendments 10 the antitrust and the
Interstate commerce law, and the
changes required in the executive de-
lartments concerned in their enforce
ment
1t is believed that with the changes
to be recommended, American bust
ne 80 can be assured of that measure
Of stability and certainty In respect to
thoaa things that may be done and
those that are prohibited which is es-
sent!a 10 the life and growth of all
business. Such plan must include
The right Of the people to avail them
selves Of those methods of combining
capita ans effort deemed necessary
ic efficiency at the same time diff
ferentiating between combinations
based upon legitimate economic rea-
SOS and those formed with the intent
Of creating monopolies and artifcially
controlling prices
The work Of formulating into prac-
teal shape such changes is creative
work OF the highest order. and re
qui-es all the deliberation possible in
the interval believe that the amend
men's to be proposed are Just as nee.
essary in the protection of legitimate
business as in the cliuchng of the re-
forms which properly bear the name
OF my predecessor.
Extra Session March rs to
Consider Revision Of Tariff.
A matter Of most pressing impor-
lance is the revision of the tariff In
accordance with the promises of the
platform upon which ! was edected,
shall call congress into extra session.
10 meet on the fifteenth day of March,
in order that consideration may be at
once given to bill revising the Ding
ley act. This should secure an ade-
quate revenue and adjust the duties in
such manner as to afford TO labor
and to all industries in this country,
whether of the farm, mine or factory.
protection by tariff equal TO the diff.
ference between the cost of produc-
here, and have provision which
shall put into force, upon executive
determination of certain facts, high
er or maximum tariff against those
countries whose trade policy toward
us equtably requires such dscrimi-
nation. 1t Is thought that there has
been such change in conditions since
the enactment of the Dingley act,
drafted on a similarly protective prin-
ciple, that the measure of the tariff
above stated will permit the reduction
of rates in certain Schedules and will
require the advancement of few, If
any.
The proposal TO revise the tariff
made IN such an authoritative way as
to lead the business community to
count upon it, necessarily halts all
those branches of business directly af-
fccted. and as these are most impor-
tant, 1t disturbs the whole business of
the country. 1t is imperatvely neces-
sary. therefore, that a tariff bill be
drawn in good faith in accordance
with promises made before the cleo
ton by the party in power, and as
promptly passed as due consideration
will permit Ii is not that the tariff
IS more important in the long run than
the perfecting of the reforms in re-
spect to antitrust legislation and In
terstate commerce regulation, but the
need for action when the revision of
the tariff has been determined upon.
Is more immediate to avoid embar
ra3sment Of business. To secure the
needed speed in the passage OF the
tariff bill. il would seem wise 10 at
tempt no other legislation at the ex-
ira session | venture this as a sug-
restion only. for the course 10 be TAX
en- by congress. upon the call of the
executive, is wholly within its discre-
ton.
Graduated inheritance
Tax Is Recommended.
In the making Of a tariff bill, the
~ mt hOtlN6 - taAduoA- anu INT pS
curing thereby of a revenue. Due
largely to the business depression
which followed the financial panic Of
1907, the revenue from customs and
other sources has decreased TO such an
extent that the expenditures for the
current fiscal year will exceed the re-
ceipts by 100000. 600. 1t is impera
tive that such a deficit shall not con
tinue, and the trainers Of the tariff
hiu must of COURSE. have In mind the