Omaha daily bee., 1909-07-26


day next. II is also hoped at the White
House that c~onfress may adjourn by the
last OF the week.
President Taft, r. was learned today, had
not receded In any way from his demand
for free hides. regarding free hides as
underlying the whole principle Of downward
revision. A compromise OF 7 per cent-a
reduction from Is per cent under 1.-THE ex-
listing law would be OF no benefit, accord
ing to the presidents view.
Unless hides are made from there can be
no reduction on boots and shoes and other
manufactured articles OF leather. The pres
ident. Il is said, has been deeply impressed
by the representations made to him by
the leather interests TO the effect that UNI
der the protection 10 the prohibited Is per
cent duty leather and the manufacturers
are at the mercy Of four or five big meat
packing concerns Of the middle west.
Hide Men Fail 90 Impress.
The president declares he has not been
much impressed by the arguments Of west
ern senators that free hides would be fol-
lowed bv a demand Tor free wool. Hides
never were protected until the enactment of
the Dingley law.
Just how the boot, shoe and finished
leather schedules in the tariff bill are to
be revised when there are no differences
between house and senate conferees to act
upon was one Of the puzzling subjects un-
der discussion today.
The presidents chief concern now is as
to hides. The other schedules are appar-
emily to be worked into acceptable shape,
according to his information, and once the
free hide and reduced leather goods pro-
gram has been agreed upon the end Of the
fight Is in view.
Doesn't Expect Lower Prices.
President Taft, according to those who
have talked most Intimately with him, does
not believe that revision Of the tariff down
ward is going to bring reduced prices or
would be OF immediate benefit to the much
talked benefit to the ultimate consumer
Instead of a reduction, II is declared that
there will be actual increases during the
coming year on many OF the necessities of
life, including wearing apparel.
Even, the putting Of hides on the free
list and the accompanying reduction In
duty on finished leather products is not
expected to work a reduction In the price
Of boots, shoes, harness or any of the other
myriad, Of things manufactured from
leather. As a matter Of fact the presidents
advices are to the effect that hides ure
rapidly Increasing in price and the demand
is 30 great that even the large expectations
expected from Argentine under a free entry
clause would not suffice to keep the prices
at current figures.
An advance of % to Is per cent In the
price of wooden goods already has been
announced, despite the fact that no change
has been made in the wooden schedule
mi. .at.a,,io Tho prAaIdaut has heen told.
will not permit of a reopening at this time
II is a closed incident as regards the con-
terence.
Theory of the President.
In discussing the situation with callers
today the president took occasion to cX-
plain in some detail his theory Of the prin-
ciple OF downward revision from a protec-
ZIONIST point Of view. The idea Is not to
reduce duties to the point OF a~ffccinS
home industries, or to admit imports To
what, from the republican standpoint,
would be unfair competition with the home
made article.
The president is represented as regarding
downward revision az a means OF protect
ing people from monopoly and excessively
high prices Each time a schedule when
is regarded as having become excessively
high as a result of the development of
nome industries anu the FIObINSs ia ohN
features. the presidents idea Is said to be
that the tariff rate should be lowered to
the extent OF fixing a reasonable limit be-
You'd which prices cannot be raised without
inviting imports in Just competition.
He summed up the theory of tariff re-
vision as not 80 much to bring about i'm
medlately lower prices to the consumer as
TO protect the consumer from exorbitant
prices. which might be possible behind a
tariff wall maintained at an excessive
height.
Free Hides Not HIS Limit.
Even with hides on the free list the
president has not admitted In any OF his
talks that he would be entirely satisfied
with the bill, In fact, the president de-
clared that he did not know OF anybody
who ever had been entirely pleased with
any tariff bill.
The president has declared that he be-
lieves the Just comparison OF old and new
tariffs to be one based on the actual do
nestle consumption OF goods upon which
the duty has been lowered. Even IL the
duty is not lowered sufficiently to admit
Of imports upon a large scale, the presi-
dent il said TO feel that in lowering the
tariff on articles OF eneral use and con-
sumption a great gain has been made.
Frightened Into Fits
by fear OF appendicitis, take DIR. Kings
Ngox~ TIFa pile apd ,ma .-t