Connecticut western news., 1909-08-12
PRESIDENT SIGNS
 THE TARIFF BILL
New Rates Become Effective
 Immediately.
SENATE VOTE 47 TO 3l.

Seven Republicans Oppose the Meas
 ure ct the Last and 1t Gets No Dem
 oeratie Support-coneurrent RssoIu-
 ticn Making Certain Changes In
 the Leather Schedule Passes Both
 4ouses-Taft Giveo Out His Reasons
 For Signing the Bill.
 Washington, Aug. 1.-The Payne Aldrich tarifr bill was adopted by the senate by vote of 47 to 31, was sign ed by President Taft and became a law. The concurrent resolution mak- ing certain changes in the leather schedule was adopted by both houses.
 On the final tariff vote seven Repub- licans voted against the report, as fol- lows: Beveridge, Indiana; Bristow, Kansas; Clapp, Minnesota: Cummins. Iowa; Deliver, Iowa: La Toilette, Wis consin; Nelson, Minnesota. No Demo crat voted for the bill.
 The following statement was given out by President Taft:
 "I have signed the Payne tariff bill because I believe 1t to be the result of a sincere effort on the part of the Re- publican party to make downward revision and to comply with the prom ises of the platform as they have been generally understood and as I inter preted them In the campaign before election.
 "The bill is not perfect tariff bill or a complete compliance with the promises made strictly interpreted, but a fulfillment free from criticism in re- spect to a subject matter involving many schedules and thousands of arti- cles could not be expected.
 "It sutfices to say that, except with regard to silks and as to some high classes of cottons, all of which may be treated as luxuries and proper sub iects of a revenue tariff, there have been very few increases in rates.
 ''There have been a great number of real decreases In rates, and they con stitute a sufficient amount to justify the statement that this bill is sub. stantial downward revision and re- duction of excessive rates.
 ''This Is not free trade bill. 1t was not intended to be. The Republican party did not promise to make free trade bill.
 "It promised to make the rates pro- tective. 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 active investments here.
 'I believe that, while this excess has not been reduced fin number of cases, in 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 possi- bility of the importation of the foreign article and thus to prevent excessive prices.
 "The power granted to the executive under the maximum and minimum clause may be exercised to secure the interposed by foreign governments in the way of undue and unfair discrim- ination against American merchandise and products.
 "The authority to the president to use agents to assist him in the appll- cation of the maximum and minimum section of the statute and to enable officials to administer the law gives q wide latitude for the acquisition, un. der circumstances favorable to its truth, of information in respect to the price and cost of production of goods at home and abroad, which will throw much light on the operation of the present tariff and be of primary i'm portance as officially collected data upon which future executive action and executive recommendations may be based
 "The corporation tax Is a just and equitable excise measure, which 1t is hoped will produce a sufficient amount to prevent a deficit and which incl dentally will secure valuable statistics and information concerning the many corporations of the country and will constitute an important step towdrd that degree of publicity and regula- tion which the tendency in corporate enterprises in the last twenty years has shown to be necessary"
 Following his labors on the tarlff question, the president joined his fam fly at Beverly, Mass.