The Prescott daily news., 1909-03-04

 all the deliberation possible in the in- terval. 1 believe that the amendments to be proposed are just as necessary in the protection of legitimate business as in the clinching of the reforms which properly bear the name of my prede- reSsor
 Revision of the Tariff.
 A matter of most pressing impor tance is the revision of the tariff. In accordance with the promises of the platform upon which 1 was elected, shall call congress into extra session, to meet pn the 10th day of March, in order that consideration may be at once given to a bill revising the Ding ley act. This should secure an ade- quate revenue and adjust the duties in such manner as to afford to labor and to all industries in this country, whether of the farm, mine or factory, protection by tariff equal to the differ ence between the cost of production abroad and the cost of production here and have a provision which shall put
  tion of certain facts, higher or maxi mum tariff against those countries whose trade policy toward us equitably requires such discrimination. It is thought that there has been such a change in conditions since the enact ment of the Dingley act, drafted on similarly protective principle, that the measure of the tariff above stated will permit the reduction of rates in certain schedules and will require the ad- vancement of few, if any,
 The proposal to revise the tariff made in such an authoritative way as to lead the business community to count upon it necessarily halts all those branches of business directly affected, and as these are most im- portant it disturbs the whole business of the country. It is imperatively nec- essary, therefore, that a tariff bill be drawn in good faith in accordance with promises made before the cleo tion by the party in power and as promptly passed as due consideration will permit.
 Inheritance Tax Advocated.
 In the making of tariff bill the prime motive is taxation and the se- curing thereby of revenue. Due largely to the business depression which followed the financial panic of 1907, the revenue from customs and other sources has decreased to such an extent that the expenditures for the current fiscal year will exceed the receipts by $100,000,00o. It is impera- tive that such a deficit shall not con tinue. and the framers of the tariir bill must of course have in mind the total revenues likely to be produced by it and so arrange the duties as to se- cure an adequate income. Should It be impossible to do so by import duties new kinds of taxation must be adopt ed. and among these l recommend graduated inheritance tax as correc' in principle and as certain and easy or collection
 Government Economy Urged.
 The obligation on the part or those responsible for the expenditures made to carry on the government to be as economical as possible and to make the burden of taxation as light as pos sible is plain and should be affirmed Ill every declaration of government pol lev. This is especially true when we are face to face with heavy dehclt. But when the desire to win the popu- lar approval leads to the cutting off of expenditures really needed to make the government effective and to en- able it to accomplish its proper objects the result is as much to be condemned as the waste of government funds in unnecessary expenditure.
 In the department of agriculture the use of scientific experiments on large scale and the spread of information derived from them for the improve ment of general agriculture must go on.
 The importance of supervising busi- ness of great railways and industrial combinations and the necessary lnves- tigation and prosecution of unlawful business methods are another neces- sary tax upon government which did not exist half a century ago.
 Proper Forms of Expenditure.
 The putting into force of laws which I shau secure the conservation of our resources so far as they may be with in the Jurisdiction of the federal gov
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