The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1909-08-06
TAFT SIGNS TARIFF
BILL AND. is WELL PLEAS With
T---GIvES OUT STATEMENT


WASHINGTON. d. c.. August
President Taft last! night gave, ont
statement. embodying his Views OF the
new tarlr act, which ne deslg lgnatess
omcially as the Payne bill. ia ac;s
cordance with past custom OF giving
first recognition to the Trainer of the
measure In the House OF sRepre
tives. q. IA ss
The President, declares that While
the bill is not perfect by any meaila.s
nor "a complete mpliances ith the!
promises made. strictly interpr NJ
ii is nevertheless a sine q fort on
the part Of the party to max a down
ward revision and to comply With the
promises OF the latforn.
The statement in full follows i N
II nave signed the Payne tariff bill
because believe 1t to be the resliltS
Of Il sincere effort on the part OF the
Republican party to make q downward 1
revision. and to comply ith the prom
ises OF the platform :ns they have been
scnerally understood. and a!s ! Inter
rrcted them In the campaign before
the election.
"The bill; lis not perfect tariff bill
nor complete compliance itht, tue
promises made. strictly interprated
but fulfIllment free from criticism Elm
respect to a subject matter involving
many schedules and many tnnnsandss! p!
OF articles could not be expect ed. It
sunlces to say that except wi TIL regard
to .w1iskey. liquors and win and IN
regard to silks. and as to some hlg1
classes OF cottons, all Of htcl& may
he treated as luxuries and prop sub
tects OF a revenue tariff, here have
boon very few increases In rates:
"There have been at great number;
OF real decreases in rates and thar
constitutes q sufficient amount 10 1us.1
tlty the statement that this Bill sifs flS
substantial downward revision and 81
reduction OF excessive rates.
"This is not a free trad q bill. ~
YVES not intended to be. The Reput1-s
!lcan party did not promise to- make aS
free trade bill.
Protective Rates. y 4:
s.tt promised to make the srntes pro-
tcclivc. but to reduce them when they.
exceed the difference between the cost
OF production abroad and here. making
allowance; for the greater a ormal prot
1t on active Investments here. be
iltyc that while this excess has silnrS
been reduced In a number OF cases.
In great majority the, rates are sucl
MS are necessary to protect merlcans
Industries, but are low enough in case
of abnormal Increase of demand and
raising OF prices. to nermit the; posst-
,bility OF the importationo OF the foreign
article and thus to prevent excessive
prices. IS 5s2}S 81 a 1s
z "The power granted to the execll-'
tive under tho maximum and MIMI
mum clause may be exercised 8 To ss-
cure the removal. OF obstacles swnictti
have been interposed .by foreign gov
crnments in the way OF undue and tin-s
fair Discrimination q gainat erlcan
merchandise and prod it's
t"Tne Philippine tariff section II have
struggled to secure for ten years past.
and .dt gratlfies me exceeding Sly by my
signature to give 1t the effect Of the
law, am sure It Will; great In:
craase the trade between the two
eoun tries. and it, will do much 70 bullff
up tho Philippines IN e llealth hfnl spfoss
rcr!ty. y 81 II
The Customs Court
."Tho administrative clause sof the.
Sec announcement on page 70.