The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1909-08-06

Of the clock were set ahead twenty
five minutes.
Before adjourning the house, Speak
er Cannon, with the members stand
Ing with their hats in their hands,
made neat speech in which he
thanked them for their service during
the special session.
The Statement.
The president issued a statement
concerning the bill in which he de-
clared his position. The text follows:
Il have signed the Payne tariff bill
because believe It to be the result of
sincere effort on the part of the Re-
publican party to make a downward
revision, and 20 comply with the
been general.. 'ae ..od, and as I
interpreted them =. Axs, ~paign be-
fore election.
"This is not a perfect t4Ori -
complete compliance with THU.
ises made. strictly interpreted, bu.
fulfllment free from criticism in re-
spect to a subject matter involving
many schedules and thousands of ar
ticles could not be expected. 1t suf-
fees to say that except with regard
to whiskey, 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
subjects of a revenue tariff-there have
been very few increases in rates.
"There has been a great deal of real
decrease in rates and they constitute
sufficient amount to justify the
statement that this bill Is substan-
tial downward revision, and reduc-
ton of excessive rates.
"This is not a free trade bill. 1t
was not intended to be. The Republi-
can party did not promise to make q
free trade bill.
cit is promised to make the rates
protective, but to reduce them when
they exceeded the difference between
the cost of production abroad and
here, making allowance for the great
er or normal profit on active invest
ment.
81 believe that while this excess has
not been reduced in number of cases,
in a great majority the rates are such
as are necessary to protect American
Industries, but are low enough, in case
of abnormal increase of demand and
raising of prices, to permit the pos
sibility of the Importation of foreign
articles and thus to prevent excessive
prices.
"The Philippine tariff section
have struggled to secure for ten years
last past, and it gratifies me exceed
ingly by my signature to give 1t the
effect of law. am sure 1t will great
ly increase the trade between the two
countries, and 1t will do much ia
build up tho Philippines in health
full prosperity.
"The administrative clauses OF the
bill and the customs court are ad-
mirably adapted to secure II mora
uniform and more speedy final con-
struction of the meaning of the law.
"The authority to the president To
>,fse. agents to assist him in the APP
plication OF tho maximum and mini
mum section of the statute and to
enable officials to administer the law,
gives wide latitude for tho acJuisi-
ton, under circumstances favorable
to it's truth, of information i'll respect
to the price and cost of production Gf
goods at home and abroad, which will
throw much eight on the ope ,;.tion Of
tho present tariff and be Of primary
Importance as officially collected data
upon which future executive action
and executive recommendations may
be based.
"The corporation tax is Just and
equitable excise measure, which it is
hoped will produce sufficient amount
to prevent deficit and WHICH inGi.
dentally will secure valuable statis-
tics and information concerning tho
many corporations of the country, and
will constitute an important step
toward that degree of publicity and
regulation which the tendency in cor
porate enterprises in the last twenty
years has shown to be necessary"