The Marion daily mirror. (Marion, Ohio) 1892-1912, 1909-08-06
DECLARES BILL |
IS NOT PERFECT
President Diseases Work Of
Extra Session.
FULFILLS PARTY PLEDGE

Says He Signed Measure Because He
Believes u Represents Sincere Ef.
fort on Part Of Rpvblicans 70 Make
Downward Revision as Promised In
PIstform--.is Not Free Trade Bill.
Behaves Corporation Tax q Just
and Equitable Feature,
Washington. Aug. Q. - President
Taft gave out statement embodying
his views of the new tarif act, which
he designates officially ss the Payne
bill," in accordance with past custom
Of giving first recognition to the
Trainer of the measure in the house
Of representatives.
The president declares that, while
the bill is not perfect by any means
nor u complete compliance with
promises made, strictly interpreted"
II is nevertheless sincere effort on
the part Of the party to make a
downward revision and to comply
with the promises of the platform.
The statement In full follows:
II have signed the Payne tarin bill
because I believe 1t to be the result
of sincere effort on the part OF the
Republican party TO make a down
ward revision, and to complywith the
promises of the platform as they
have been generally understood, and
as | interpreted them In the cam.
paign before election.
This is not a perfect tariff bill.
nor complete compliance with the
promises made. strictly interpreted,
but a fulfllment free from criticism
in respect to a subject matter involv-
ing many schedules and thousands Of
articles could not be expected. II
suffices TO say that, except with re.
gard to whisky, liquors and wines,
and in regard TO silks and as to some
may be treated as Injuries and prop.
er subjects of revenue tariff. there
have been veryfew increases in rates.
There have been great number
of real decreases In rates, and they
constitute a sufficient amount TO jus.
tify the statement that this bill is
substantial downward revision and
reduction of excessive rates.
"This is not free trade bill II
was not intended to be. The Repub.
lican party did not promise to make
free trade bill.
'It promised to make the rates pro,
tective, but to reduce them when
they exceeded the difference between
the cost of production abroad and
here, making allowance for the great
est normal profit on active invest
ments here. believe that while this
excess has not been reduced In
number OF cases. In 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. to permit possibility of the
importation Of the foreign article
and thus prevent excessive prices.
1.-THE power granted to the execu.
tive under the maximum and mini
mum clause may be exercised to Sc
cure the removal of obstacles which
have been interposed by foreign gov
ernments in the way Of undue and
unfair discrimination against Ameri.
can merchandise and products.
The Philippine tariff section I
have struggled to secure for ten
years past, and It gratifies me ex.
ceedingly by my signature to give II
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
a healthful prosperity.
"The corporation tax Ia Just and
equitable excise measure which. 1t ia
hoped. will produce sufficient
amount to prevent deficit and
which incidentally will secure valu',
able statistics and information con.
cerning the many corporations of the
country, and win constitute an i'm.
portsnt step toward that degree OF
publicity and regulation which tho
tendency in corporate enterprises in
the last 20 years has shown to be