Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-09
CHANGE OF FRONT
ON TARIFF ISSUE
secy. of Treasury Macveagh
Says That Republican Party
Has Executed One.
PAYNE BILL MERE INCIDENT
Marching Towards Lower Duties
Log Rolling System Is
Passing.

Boston, Mass. Dec. S.-That the Re
publican party has changed front an
is now marching toward lower tariffs
and that in this movement the Payn
tariff bill was only an incident was III
interesting statement made by Secy
OF the Treasury Macveash at the an
nual banquet of the Massachusetts:
Bankers association tonight. Thrc,
hundred persons attended.
Opening his address with brief Tef-
erence to the currency situation. Secy
Macvcagh made a plea before the Mas
sachusetts Bankers association tonieh hi
that the banking interests real'ze the
gravity of the ISSUE and declared that
unless the bankers succeeded In adopt
ing the public point of view instead of
the private one, they would lose G,n
opportunity TO influence greatly the
coming legislation Oh the subject.
That was all the secretary had to
say on currency, and he passed TO a
discussion of the tariff and the Payne
law. He said In part:
"In considering the results of the re-
cent tariff legislation 1t Is Indispensable
in my judgment to keep two import
ant factors in mind.
1.-The i1rst is that the Payne law Is
but an incident in tariff revision
movement by and within the Repub-
licnn party, sanctioned and undertaken
by the party itself and advocated by
President Taft in office and out OF Of
flee, and by President Mckinley with
almost his last words.
"The second is that it Is the result
ent effect of the movement which II is
important to take into account and
estimate, ard not. essentially, anything
else No one expected this great move
ment to complete itself In Il single act
OF legislation, and it was expected 70 be
quite clear that the legislation. enacted
last August, did not end the movement
for tariff revision
THE opinion is practically universal
that we have seen the last of the log
rolling system of legislation upon sucn
an important subject that hereafter
such legislation must be based on facts
and knowledge and scientific investga-
ton. and not on mere barterfng be-
tween sections and different interests
There Is one great fact that makes
new tariff epoch. That fact is that
the Republican party has changed It's
front Whereas, It has been marching
toward higher and higher tariff, it has
now faced about. 1t has recognized
changed conditions.
1T is true that the Payne bill does
not contain as much downward revi-
sion as the great majority of the mem-
bers of the Republican party had wish
cd. 1t did not contain as much of that
revision as the president wished But
the Payne bill. as it passed the house.
was an Intentional and avowe1 revision
downward AS II now stands. il is Il
practical confirmation of the new policy
of the Republican party.
Personally. I sympathlzc with the
new tariff policy of the Republican
party. but 1 most heartily believe that.
the well acknowledged
limitations OF the revision contained In
the Payne bill. 1t ought not to be ac-
cepted by friends of tariff revision as
q satisfactory achievement under all
the circumstances. I believe that va
ought not to have expected a7v.''ins
else but a step forward. VIE
period far short of the lapses
teivals of time heretofore diyidiny ar:T