Daily press. [volume] (Newport News, Va.) 1896-current, 1910-08-30
CAMPAIGN KEYNO {
SOUNDED BY TAFT
CONTINUED from First Paee.)


alton of the law demonstrate this. 1t
must also be remembered that the
tariff rates in the new law on i'm
ported liquors, wines and silks were
increased substantially over the
! Dingley rates. because these were
luxurious and il was intended to in
crease the revenue.
THE charge that the present tarin
is responsible for the increase in the
prices of necessities is demonstrably
| 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.
Tariff Board Important Feature.
Perhaps more important than any
one feature of the operative part of
The tariff law. is that section which
enables the Executive TO appoint
tariff commission or board TO secure
the needed Information for the proper
amendment and perfection OF the law
| The difficulty in fixing the proper
| tariff rates in accord with the prin-
ciple stated in the Republican plat
form, is in securing reliable evidence
as TO the difference between the cost
of production at home and the cost
of production abroad. The bias OF
! the manufacturer seeking protection
and of the importer opposing it weak
ems the weight of their testimony.
| Moreover, when We understand thai
| The cost of production differs in one
country abroad from that in another,
| and that il changes from year to year
and from month to month, We must
| resllye that the precise difference il
| cost of production sought for is no.
| capable of definite entertainment, and
that all that even the most scientific
| Yerson can do in his investigation is,
| after consideration OF many facts
which he learns, TO exercise his best
| Judgment in reaching a conclusion.
|
| Recommends Commerce Court.
| The next most important work OF
| the present Congress was the passage
| 81 the amendment to the interstate
| commerce bill. After the adjournment
of the Congress at its extra session.
| | invited two of my cabinet and a
member of the Interstate Commerce
| Commission and a member of Con-
] eress, to make recommendations as 10
| he needed amendments to the inter
state commerce act. These gentlemen
4 reported to me, and in September
last, in speech in Des Moines. |
lfore-shadowed their recommendations
as | intended TO make them 10 the
K Of he
| interstate commerce act.
| ''S.rst. by th.s estaolishm, Mt OF a
commerce court; second, by empower
| ing the commission TO classify Eler-
chanGise as we'll as 10 fix rates for
classes; third, by giving the right to
a shipper to designate tbs route ts
| which his goods shall be transported
beyond the line of the initial carrier,
fol:Ih, by empowering the commits
son to cuns.cer the justice or injus-
u.c of any rate aisEout he corr
bIaint or initiation cf shipper.
fifth. By empowering the commission
% suspend proposed Increases of
/ stes by carriers Until the commi =
s'on shall have a chence 10 pass upon
the reasonableness G the increasc;
sixth, by provisions fJr the Federal
regulation of the is ile &C stocks an 7
bonds by interstate commerce rail-
ways; seventh, by a :,aCse forbidding
sn interstate commerce railway corr
! any from acquiring sock in a corr
Teting road; eighth. by s-section PEI
Hitting the making Of isfiic agree
rents between corbetrg railroaGg
limited in point of tine and subjecr
alai or, and subject to the approval
OF tbs Interstate Commerce Commits
sion.
| These amendments were in ac-
cordance with the text OF the Repub
lican platform.
Postal Savings Banks
The postal savings bank bill has a
similar history. II rs one Of the greas
Congressional ensc;menfs. II creates
an epoch. Il institutes a system
which will work effectively to pro
mote thrift among the poor. by pro
viding q depository for their savings
which they properly may consider alb
soIuteIy safe. and viii also turn
into the channels OF trade and com
u,erce a large volume Of money which
otherwise would be boarded. BY spe-
ciic provision II viii stimulate the
investment 81 savings IN government
bonds Of small denominations, for
which the bill provides. Like the
tariff bill and the railroad bill. this
was put through each House OF Con
Rress by a Republican majority. and
vas signed BY q Republican Presi-