East Oregonian : E.O. (Pendleton, OR) 1888-current, 1910-08-24
Presidents Keynote Speech
of Campaign viii Advo-
cate Improvement.
EXTORTIONATE PROFITS WILL
NOT BE TOLERATED LONGER
Though still Believing Payne-Aldrich
Tariff to be Best in History, Taft
Thinks There is Still Room for I'M
provement-Outlines His Policy in
Letter TO Representative McKin-
ley-Regarded as q Shrewd Po-
litical Move.

Beverly, Mass, Aug. 24.-President
Taft's keynote speech for the con-
gressional campaign has become
known. The president will favor fur
ther revision of the tariff.
While he is still convinced that the
Payne -Aldrich law is the best tariff
law the country has had up to this
time, he has at last reached the con-
clusion that there is decided room for
improvement.
Mr. Taft does not propose that bus
iness shall be upset by another whole
sale revision but will recommend to
congress that individual schedules in
the tariff system be taken up separ-
ately and be disposed Of on a scien-
tific basis. The new revision Is to be
based upon the findings of the tariff
commission as to the cost OF produc-
ton at home and abroad. Only a
fair profit is to be allowed the Ameri-
can producers.
"Extortionate and, unreasonable"
profits, the president declares. are to
be tolerated no longer.
The president has outlined his po-
sition in the letter he has sent to
Representative Mckinley Of Illinois
for publication in the republican con-
gressonal campaign text book. The
letter was mailed from Beverly yes
terday. The time OF making It pub
lie has been left entirely to the COM
mittee. '"
Political observers regard this move
as about the shrewdest that has been
made during the present administra-
ton. II offers an excellent opportu-
nitw for the insurgents and regulars
to get together in the campaign and
President Taft has been exceedingly
anxious to find ground upon which
the factions could meet without en-
harrassment.
The principal fight Of the insur-
gents was on certain schedule Of
the tariff bill. President Taft Is
meeting them more than half way In
admitting that individual schedules
need further revision. AT the same
time he is backing up the regulars In
that he believes they did the best they
could with the unreliable Information
before them.
With the creation OF the tariff board
under the Payne-Aldrich act, the pres
ident believes a way has been opened
to put the tariff on a scientific basis
for the first time in the history Of the
country.
The objection has been urged upon
the president that the opening Of an
Individual tariff schedule would mean
the possible throwing open of the en-
tire tariff act. Mr.. Taft proposes to
L. NIA Ar,r a nd
that before any schedule is taken up
for further consideration rule shall
be passed both by the house and by
the senate providing that amendments
to certain schedules of the tariff shall
be in order and that any amendments
not germane to that particular sched-
ule shall be out Of order.
The president takes the ground that
4. was impossible to revise the tariff
Immediately after the republican plat
form was adopted and to revise at the
same time on basis Of the difference
in the cost of production at home and
abroad. He believes that substantial
progress was made In the Payne-Ald-
rich act and now that the tariff COM
mission has got its inquiries well un-
der way 1t soon will be proper to take
up the individual schedules and revise
them on the basis declared for in the
party platform.
The president has already had two
conferences with II. c. Emery Of the
tariff commission. The first OF these
was on board the yacht Mayflower at
Bar Harbor late in July and the sec
ond was at Burgess Point two weeks
ago. The president proposes to have
the entire tariff board meet him here
in Beverly some time in September.