The Winchester news. [volume] (Winchester, Ky.) 1908-19??, 1909-03-17
TREASURY 0. K.
SAYS COOLIDGE
Assistant Secretary Denies Wild
Rum0rs and Says Outlook
is Promising.

Washington, March 17.-In striking
contrast to the scenes of confusion,
disorder and acrimonious debate
which marked the opening day of the
house, the session of that body as
sumed its wonted air of dignity.
There was general good feeling
among the members, whose main
topic of conversation was the fight
over the rules.
The anticipated message of Presi-
dent Taft pointing out the necessity
for revision of the tariff was re-
ceived, and met with a prolonged ap-
plause from the Republicans. Some
disappointment, however, was felt
over the fact that the tariff measure
was not presented.
Interest attached to the announce
ment by the speaker of the personnel
of the committees on rules and ways
and means.
Speaker Cannon announced that
the committee on ways and means
would be composed of the following
members: Payne, Dalzell, Mccall,
Hill of Connecticut, Boutell, Need
ham, Calderhead, Fordney, Gaines of
West Virginia, Longworth, Crumpack-
er, Clark of Missouri, Granger, Griggs,
Randall, Burket, Harrison and Brou-
sard.
The biennial lottery for seats was
conducted, and many were the disap-
pointments upon the part of those
whose names were among the last to
be drawn.
President Taft's message to con-
gress on the tariff question follows:
To the Senate and House of Represen-
tatives:
/ have convened the congress in this
extra session in order to enable II to
give immediate consideration to the re-
vision of the Dingley tariff act Condi-
tions affecting production, manufacture
and business generally have so changed
in the last II years as to require a re-
adjustment and revision of the import
duties imposed by the act. More than
this. the present act, with the other
sources of government revenue, does not
furnish income enough to pay the au-
thorized expenditures. BY July 1 next
the excess of expenses over receipts for
the current fiscal year will equal $780,
900. 900.
The successful party in the late cleo
ton is pledged TO a revision of the tariff.
The country, and the business commu-
nifty especially, expect ii. The prospect
Of a change in the rates of import du-
ties always causes a suspension or halt
in business because of the uncertainty
as TO the changes to be made and their
effect. 1t is therefore of the highest i'm
portance that the new bill should be
agreed upon and passed with as much
speed as possible consistent with its due
and thorough consideration.
For these reasons L have deemed the
present to be an extraordinary occasion,
within the meaning of the constitution,
justifying and requiring the calling of
an extra session.
In my inaugural address / stated in a
summary way the principles upon which,
in my judgment, the revision of the
tariff should proceed, and indicated at
least one new source of revenue that
might properly be resorted to in order
to avoid a future deficit 1t is not nee
essary for us to repeat what 1 then said.
l venture TO suggest that the vital
business interests of the country require
that the attention of the congress in
this session be chiefly devoted to the
consideration of the new tariff bill, and
that the less time given to other sub
jects of legislation in this session the
better for the country.
WILLIAM II. TAFT