The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1909-08-14
TAFT AND THE tariff BILL

TAFT AND THE TARIFF BILL
81 have signed the Payne tariff bill
because | believe 1t to be the result
of sincere effort On the part of the re.
publican party to make u downward
revision and to comply with the prom.
Uses Of the platform as they have been
generally understood and as | interpret.
ed them in the campaign.
This is not Il perfect tariff bill or
a complete compliance with the prom.
ises made, strictly interpreted, but a
fulfillment free from criticism in re-.
spcet TO u subject matter, involving
many schedules and thousands of arti.
cles could not be expected.
lit sufices to say that except with
regard to whiskey, liquor and wines,
aud in regard to silks and to some high
classes OF cottOns-Rll of which may
be treated as Injuries and proper sub
ject of a revenue tarif-thcre has been
very few increases in rates.
There have been a great number of
real decreases ia rates and they con
,iitute a sufficient amount to justify
the statement that this bill IL a sub
stantial downward revision aud a r..
iuction Of excessive rates.
"This is not "A free trade bill. 1t
was not intended - be. The republi.
can party did not promise to make d
free trade bill.
at promised 20 make the rate pro.
,%eetive, but 10 reduce them when they
exceeded the difference between the
cost Of production abroad and here,
making allowance for the greater nor.
NAL profit on active investments here.
| believe that while this excess has
not been reduced in u number OF cases
10 a great majority the rates are such
as are necessary to protect American
industries, but are low enough In case
of abnormal increase Of demand and
raising Of prices 10 permit the pOssibil
ity Of importing the foreign articles
and thus to prevent excessive prices.
1.-THE power granted 10 the executive
under the maximum and minimum clause
may be exercised TO secure the removal
Of obstacles which have been interpos'
ed by foreign governments in the way
Of undue and unfair discrimination
against American merchandise and pro
duets.
"The Philippine tariff section, ] have
struggled TO secure for ten years past
aud il gratifes me exceedingly by my
signature to give IL the effect Of law.
! am sure it will greatly increase the
trade between the two countries and
il will do much TO build up the Philip.
pine islands in a healthy prosperity.
''The administrative clauses VI the
bill aud the customs court are admira
bly, adapted To secure a more uniform
and speedy final construction Of the
meaning Of the law.
The authority of the president TO
use agents to assist him in applying the
maximum aud minimum sections Of the
statute and To enable officials 10 admin.
ister the law, gives a wide latitude for
the acquisition under circumstances ia
vorable TO the truth or information in
respect 10 the price aud cost Of produc'
ton Of goods Of the present tariff and
be Of primary importance in the way
Of officially collected data upon which
future executive action and executive
recommendations may be based.
1.-THE corporation tax is a just and
equitable excise measure, which il ID
hoped will produce u sufficient amour,
to prevent a deficit and which incident
ally will secure valuable statistiee and
information concerning the many cor
p~orations Of the country and will con
%stitute an important step toward that
degree Of publicity and regulation which
the tendency In corporate enterprise IN
the las, 25 years, has shown to be nee
essary."