Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1910-12-06
1AF1'S MESSAGE
To CONGRESS
Continued from page q

N~N~@N---'~N A'pi' lfe5N -
record, the returns of all corpora
tions, the stock OF which is listed
on any public stock exchange or is
eHered to the general public by adj
yertisement or otherwise. The re-
turns OF those corporations whose
stock Is not SO listed or offered for
sale are directed to be open to this
Inspection and examination OF cred
tiers and stockholders of the corpor-
alton whose record is sought The
returns of all corporations are sub
ject to the inspection of any gov
ernment officer or to the examina-
ton OF any court, in which the re-
turn made by the corporation is
relevant aud competent evidence.
The Payne Tariff Act
The schedules Of the rates Of
duty in the PAYNE tariff act have
been subjected to a great deal OF
criticism, some of it just. more OF
1t unfounded, and much to misrep-
rssentatiop. The act was adopted
ia pursuance of declaration BY the
party which is responsible for il
that customs bill should be a tar
III for the protection of home indus
Tries, the measure of the protec-
ton to be the difference between
the cost of producing the imported
article abroad and the cost OF pro
ducing it at home, together Will
such addition to that difference a.
might give reasonable profit tx
he home producer The basis fol
the criticism of this tariff is tina
in respect to a number Of thu
schedules the declared measure wa.
not followed, but a higher differ
epce retained or inserted by way 0.
undue discrimination in favor Of
certain industries and manufactures
Little. if any, of the criticism d
the tariff has been directed agains,
the protective principle above stat.
ed but the main body of the criti.
cisnl has been based on the charge
that the attempt to conform to the
measure of protection was not hon
estly and sincerely adhered to.
Tariff Board
The time in which the tariff was
prepared undoubtedly was so short
as to make it impossible for the
congress and its experts to acquire
the information necessary strictly to
conform to the declared measure.
In order to avoid criticism of this
kind in the future and for the pur-
pose of more nearly conforming to
the party promise, congress at its
last session made provision at my
request for the continuance OF a
board created under the authority
OF the maximum and minimum
clause of the tariff bill and author
lied this board to expend the money
appropriated under my direction for
the ascertainment Of the cost of
production at home and abroad OF
the various articles included in the
schedules of the tariff The tariff
hoard thus appointed and authorized
mas been diligent in preparing itself
for the necessary investigations.
The hope of those who have advo-
Gated the use of this board for tar
III purposes is that the question of
the rate OF a duty imposed shall be-
come more of business question
ana less of a political question, TO
be aseertained BY experts OF long
training and accurate knowledge.
The halt ia business and the shock
10 business. due TO the announce
aent that new tarifi bill is to he
prepared and put In operation, will
he avoided by treating the schedules
one BY one as occasion shall arise
for change In the rates of each.
ana only after 4 report upon inc
seaedale by the taslfI board eompe.
tsat to make such report. Il Is act
likely that the hosrd viii bo able 10
maks report darlng this present
sessiea Of congress ga say ae the
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