Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-08-29

| tftke HuNdHldEt VI AiN 'NN.NsF7 - 80
tariff rate over the difference be-
tween the cost of production abroad
and he~e
THE Payne tariff bill is the first
! bill passed by the republican party in
which the necessity for reducing
rates TO avoid this evil has been rec
ognized and it is therefore Il decided
step i'm the right direction and II
ought to be accepted as such, On
! the whole il was a downward revt-
sion particularly on articles of nee
essity and on raw materials. The ac-
tual figures on the first years opera
ton Of the law demonstrate this. 1t
must also be remembered that the
tariff rates In the new law on inn
ported liquors, wines and silks were
increased substantially over the Ding
ley rates, because these We're luxuries
and ii was intended to increase the
revenue.
The charge that the present tariff
is responsible for the increase in the
prices OF necessities is demonstra bly,
false, because the high prices, with
very few exceptions. affect articles in
the tariff upon which there was no
increase in rates or in respect TO
which there was a substantial reduc-
ton
Perhaps more important than any
one feature of the operative part of
the tariff law, is that section which
enables the executive to appoint q
tariff commission or board to secure
the needed information for the proper
amendment and perfection of the law,
When the commission completes its
work either on the entire tariff or
on any of the schedules in respect to
which issue has arisen and the work
of the commission shows that the
present tariff is wrong and should be
changed, | expect to bring the matter
to the attention of the congress with
"A view to its amendment of the tariff
in that particular.
"Of course this will be imprac-
ticable unless congress itself shall
adopt the parliamentary rule, as
hope il will that bill to amend one
schedule of the tariff may not be
subject TO motion to amend by add
ing changes in other schedules.
1T will thus be possible to reach
a fair conclusion. and this method
win tend TO avoid disturbing husi-
ness conditions. For these reasons
it seems TO me that all repub-
licans, Conservative. progressive and
radical, may well abide the situation
with respect to the tariff until evil
dence nov being accumulated shall
justify changes in the rates; and that
il is much better for them TO vote for
republicans than to help create n
majority which would be
al war with the protective
principle, and therefore would have
no use for the findings of the tariff
commission, as We may certainly in-
fer from the solid democratic vote in
the present congress against the nee
essary appropriation for the commits !
sion's work.
"One great virtue In the new tariff |
law, including the corporation tax. is |
that taken with the current effort of |
the administration to keep down or
reduce governmental expenditures
and to reform the method Of collect
ing the customs revenue, il has by its
revenue producing capacity, turned a
deficit in the ordinary operations of
the government of $5S,000,000 for
the year ending June 30. 1909 to Il
surplus in the first full year of the
law ending August >. 1910, of $26,-
100000. From a revenue standpoint
then. there can be no controversy
over the effectiveness of the new law.
Generally speaking, fun measure
Of industrial activity in production,
transportation and distribution has
accompanied the operation of the
new law.
Again, the present law in its cor
tax, imposes a new kind of
tax which has many of the merits Of
an income tax. 1t is one of the most
useful and important changes in our
revenue laws, as the future will show.
in spite of the criticism heaped upon
il at lis passage, no party responsible
for revenues or anxious to retain
every means of legitimate supervision
Of corporations will repeal it.
The next most important work Of
the present congress was the passage
Of the amendment to the interstate
commerce bill The bill as at present
In force is an excellent bill. 1t is not
enacted in q spirit of hostility 10
but submits them to a clos
n and more effective supervision by
he Interstate commerce commission
% avoid injustice in their manage
nent and control
THE important part that railways
play a the arterial circulation in the
business of the country, the million
md a half of their employees and the
million of their stockholders, the I'M
Jortance of their purchasing power |
Is affecting the prosperity of general |
/
crest that no unfair treatment should
Do accorded them. But / am glad TO
lote that the railroad managers have |
lcuuiesced in the fairness of the pres !
mt bill and propose Loyalty to comply
With its useful provisions. 1t was
supported by the whole republican
,artv in congress and that party is
,ntitled to credit for its passing. The | +,
Whole democratic strength was eN-
,ibited against it in both houses. II
vas a performance of pledge of the
platform and only needs time to vim
licate the wisdom of its enactment
THE postal savings bank bill has
imilar history. 1t is one of the great
enactments. 1t creates =
IN epoch. Like the tariff bill and the
abroad bill. this was put through
.ach house of congress by a republic
an majority. and was signed BY
epublican president The iegisiau IN
Il congress in respect TO the navy Q
is full compliance Win [
he promises of the republican pla--
orm. II
The republican party at the last q
essiou of congress again eNhiDltec
is deep and sincere interest IN the g
.eneral welfare of the workmen ana s
yomen OF the countr~ by adding l'e- q
,ortant enactments to its already lohg o
ecord Of legislation on this subject. 1
I'm this connection are mentioned C
he estimate of the bureau OF mlhes n
q aid. among other things. in pre-
enting loss of life: ampler laws xiv e
nc powers TO the interstate commerce II
for the prevention ot at- d