The Denison review. [volume] (Denison, Iowa) 1867-current, 1909-08-11
WHY PRES. TAFT
SIGNED I ARIFF BILL
OUR PRESIDENT SETS HIS APPROVAL ON
PAYNE BILL.
d GREAT THINGS ACCOMPLISH.
Tie Republican Leader Declares that he Bin
has a Hostof Good Features and Few
Bad Ones.

udvO SIku0u CuO q ybAO S04AAA OsAA
because believe it to be the result
of sincere effort on the part Of the
Republican party to make downward
revision and to comply with the pro-
misses of the platform as they have
been generally understood and as / In
terpreted them in the campaign before
election.
''This is not perfect tariff bill,
nor complete compliance with the
promises made strictly interpreted. but
q fulfllment free from criticism in rec
spect to q subject matter involving
many schedules and thousands Of ar
ticles could not be expected. It
auffices to say that except with regard
to whisky. liquors. and wines, and in
regard to silks and as to some high
classes of cottons all Of which may
be treated as luxuries and proper SUBJ
jects of revenue tariff there have
been few increases in rates.
There have been q great number
of real decreases in rates, and they
constitute sufficient amount to justi-
fy the statement that his BILLS SUBJ
stantial downward revision and . re-
duction Of excessive rates.
sThis is not free trade bill. 1t
was not intended to be. The Republi.
can party did not promise to make 9
free trade bill.
1T promised to make the rates pro.
ltective. but to reduce them when they
exceeded the difference between the
cost of production abroad and here,
making allowance for the greater nor.
NAL profit on sctive Investments here.
liz believe that while this excess In,
not been reduced in . number Of cases
lin a great majority, the rates are sucl
az are necessary to protect American
industries, but are low enough, il
case Of abnormal increase Of demand
and raising of prices, to permit th
possibility Of the importation Of th
foreign article and thus to prevent Elk
cessive prices.
1.-THE power granted to the execu
! tive under the maximum and minimum
clause may be exercised to secure til
removal of obstacles which have bee
|interposed by foreign governments j
the way Of undue and unfair discrimi
nation against American merchandise
and products.
s.The Philippine tariff section
have struggled to secure for ten yea
last past, and it grat,fies me exec &
ingly by my signature to give it Il
effect If law. / am sure it wi
greatly increase the trade between Il
, 1.-TWO countries, and it will do much
build up the Philippines in healthf1
9 prosperity.
s.The administrative clause Of Il
: bill and the customs court are admir-
, ably adapted to secure more unifor
and more speedy final construction
= the meaning of the law.
: .'The authority to the president
:, use agents to assist him in the appl
: cation Of the maximum and minimu
: section OF the statute. and to enap
officials to administer the law, Civ
: q wide latitude for the acquisitio
I. under circumstances favorable to j
:, truth. of information inrespect to 4
>, r price and cost Of production Of goo
" Il IL. \ : u =
- much light on ! the operation of t
- present tariff and be of primary il
!. portance of officially collected da
~ upon which future executive acti
- and executive recommendations m
be based.
. 1.-THE corporation tax is just a
equitable excise measure, which it
hoped will produce sufficient amou