The Denison review. [volume] (Denison, Iowa) 1867-current, 1909-08-11

force, the president ]; to cali another
special session In September or Oc.
tober. They had the party leaders
plainly worried for . time. but the able
peacemakers at the capital. including
President Taft himself. succeeded IN
calming the ruined waters.
ADMlNlSTRATlv FEATURES.
The bill marks q distinct departure
In that It provides for . corporation
tax and court OF customs. The cor
poration tax, while yielding large
amount Of revenue, Is primarily de.
6igned for the purpose Of government
tai regulation Of corporations, and It
will have this effect.
The fact that the amount Of the tar
to be assessed was lowered from per
cent to I per cent 10 considered by the
members Of congress to evidence clear.
" that the bill has regulation for Its
object and not merely revenue.
The customs court Of appeals will
further centralize the national govern.
ment. and 1t will place the intricate
and technical cases AZ to the construc.
ton Of the law and the. facts respect.
ing classific alton. Of. merchandise ana
rate OF duty under the juxisdic elton, 81
men who are specialists In this line.
There Is no appeal from this court,
which will sit In washington, and the
members Of which will be appointed
by the president.
Continues Policy Of Protection.
While many items in the bill show
revision downward. 1t will a. whole
provide for an increased revenue, con.
tinuing in general effect the Repub.
lican policy Of protection.
Governmental measures OF retalia.
ton against countries which do not
make tariff concessions to the United
States are amply provided for. Maxi.
mum and minimum provisions enable
higher rate Of tax to be imposed on
the products Of these countries than
would ordinarily have been the case.
The creation OF = commission to look
into the question Of the tariff from q
nonpartisan viewpoint Is an innova.
ton that has been suggested for many
years. It is generally looked on as a
move toward taking the tariff out Of
politics.
a policy long ago established by tar.
III makers In this country is retained
in the new measure. 1t is the fmuos.
Ing Of particularly heavy duties on
luxuries.
Drawback Provisions Explained.
The drawback" provisions are In
dicative of a more kind hearted gov.
ernmental attitude than had been con.
sidered probable. In brief, drawback
Is refund Of duty moneys paid on
material imported into this country
which Is used In the manufacture Of
articles which are themselves export.
ed from this country.
The guiding spirit in the formula,
ton OF the provisions Of the new meas.
ure has been one to fix duties that do
not necessarily encourage foreign I'M.
portation, but that render 1t Impossible
for combination Of capital in any
given line to raise prices above those
that now exist and to prevent them in
general from being further raised.
President Taft has taken particular
pains to point out this circumstance
Competition that existed when the
Dingley bill was enacted has been
wiped out by the consolidation of com.
panies and the combination of inter.
ests. President Taft renders the opin.
ion that the Payne tariff bill will in
large measure restore the possibility
Of successful competition in the bust
ness fields SO affected.
HISTORY OF THE BILL.
The new tariff law is on the statute
books. Officially it will be known in