The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1909-08-11
TAFT SAYS BILL
FuIIfills Campaigns Pledges of
Republicans
MADE TO The PEOPLE

But Apologies to the Country b
| Saying That While the Measur
Is Not q Perfect Tariff Bnl. or
| Complete Compliance With TIN
Promises, It VIII Have to Do.
| President Taft gave out state
meat Thursday night embodyios h!'
views Of the new tariff act wSlcS
lis designated officially as the Payne
bill' IN accordance with past Gus
,olE OF giving recognition to :ae
c-ame1 Of the nesau7e IN the house
OF representatives.
The president declares that w1!!e
the bill is not perfect By any means
no5 "a complete compliance with
promise made. strictly interpreted.
It IS nevertheless a sincere effort ON
the part OF tie party 70 make a
downward revision and to comply
with the promises CT the platform.
The statement in full follows:
Il have signed the Payne tariff bin
because I believe 1t to be the result
Of sincere effort on the part OF the
Republican party to make down.
ward revision. and to comply with
the promises Of the platform IS they
have been generally understood. and
as interpreted them in the cam
paign before election.
The bill Is not q perfect tari6
Jill. OF q complete compliance with
the promises made strictly interpret
ed. but q fulfllnent free from crit
icisn in respect to subject natter
involving many schedules and thou
sands OF articles could not 5e e1-
pected. It suAces to say that except
with regard to wh!skey, liquors and
wines and in regard to silks and rs
to some high classes OF cottons-
all Of which may be treated Is luz
ur!es and proper subjects OF a reve-
nue. tar!f-there have been very few
increases in rates
"Real Decrease"
There have been a great number
Of real decreases in rates. and they
constitute a sufficient amount to Jus
tity the statement that this bill is
substantial downward revision. and
reduction OF excessive rates.
This is not free-trade bill. It
was not intended to be- The Re
publican party did not promise to
make a tree-t-ede bill.
1T promised to make the rates
protective. but to reduce them when
they exceed the difference between
the cost Of production abroad and
here. making allowance for the
greater normal profit on active IN
vestments here. belieTe that while
this excess has not been reduced In
number Of cases. in great major
ity the rates are such as are neces-
sary to protect American industries,
but are low enough. IN case OF sb-
normal increase Of demand. and
raising Of prices. to permit the posi-
hility Of the importation Of the for
eign article and thus to prevent e1-
cessire prices.
THE power granted to the e1ecu-
tive under the maximum and mini
mum clause may be exercised to Sc
cure the removal Of obstacles which
have been !nterposed by foreign
governments in the way OF undue
and unfair discrimination against
American merchandise and products.
THE Philippine tariff section ]
have struggled to secure for 10 years
last past. and II sratifies me exceed
insly By my signature to give It the
effect Of law. ! am sure It will
greatly increase the trade between
the two countries and It will do
much to build up the Philippines in-
TO heslthtul prosperity
The administrative clause Of the
bill and the custom court are sd-
mi.ably adapted to secure more
uniform and more speedy 1nal coz
struction.
The authority to the president to
use agents to assist him = the ap-
p!ication OF the maximum and min
inum section OF the statute anc to
enable officials TO administer the law.
gives wide latitude for the acqui-
sition. under circumstances faTora-
bic to its truth. OF information IN
respect to the price and cost OF pro-
| duction Of goods at home and
| abroad. which will throw much light
on the operation Of the prest1e tar
IL and .,e o, primary importance as
officially collected data upon which
future executive action and executive
recommendation may be based.
| The corporation tax Is a just and
equitable excise measure. which It Is
hoped will produce sufficient
amount to prevent deficit and
which incidentally will secure raiu.
able statistics and Information con-
cern!ng the many corporations OF the
country. anG will constitute an in.
portant step toward that degree o.
publicity and regulation which the
tendency In corporate enterprise II
the last 20 years has shown to be
necessary"
Buildings Rocked By Quake.
| An earthquake has been reportet
l ~ L.