The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1909-03-04

to meet on the 18th 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 differ
ence between the cost Of production
abroad and the:cost Of production here.
and have provision which shall put
into force, upon executive determine
ton of certain facts, higher or maxi
mum tariff against those countries
whose trade policy toward US equitably
requires such discrimination It Is
thought that there has been such-a-
change in conditions since the enact
ment of the Dingley act drafted on a
similarly protective principle, that the
measure of the tariff above stated will
permit the reduction Of rates in certain
schedules and will require the adj
vancement of few, if any.
s. The proposal to revise the tariff
to lead the business community to
count upon it necessarily halts all
those branches Of business directly
affected, and as these are most i'm.
portant it disturbs the whole business
Of the country. It is tmperatively nee.
essary, therefore, that tariff bill be
drawn in good faith In accordance
with promises made before the cleo.
5 ton by the party In power and as
promptly passed as due consideration
will permit
Inheritance Tax Advocated.
In the making Of tariff bill the
prime motive is taxation and the Sc
curing thereby Of 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
receipts by $1O0,OOO,OOO. It is impera.
tive that such a deficit shall not con
tinue, and the trainers Of the tariff
bill must of course have In mind the
total revenues likely to be produced by
1t and SO arrange the duties as to Sc
cure an adequate income. Should It be
impossible to do SO by import duties
new kinds Of taxation must be adopt
ed, and among these I recommend q
graduated Inheritance tax as correce
in principle and as certain and easy Of
collection.
Government Economy Urged.
The obligation on the part Of those
responsible for the expenditures made
to carry on the government to be as
economical as possible and to make
to be recommended American bust
ness can be assured Of that measure Of
stability and certainty in respect to
those things that may be done and
those that are prohibited, which is
essential to 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
capital and effort deemed necessary to
reach the highest degree Of economic
efficiency, at the same time differenti-
sating between combinations based
upon legitimate economic reasons and
those formed with the intent Of Great
ing monopolies and artif1cially control
ling prices.
The work Of formulating into prac-
teal shape such changes Is creative
work Of the highest order and requires
all the deliberation possible in the In
terval- ! believe that the amendments
to be proposed are just as necessary In
che protection Of legitimate business %
n the clinching Of the reforms which
properly bear the name Of my prede-
cessor.
Revision Of the Tariff.
A matter Of most pressing impor-
lance Is the revision OF the tari6. In
accordance with the promises Of tho
platform upon which / was elected, 5
shall call congress into extra session,
Continued On pare two.