The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1910-12-10

4 puDic Dy duVerIlSemenL or OtnerWtSS.
The returns of those corporations
whose stock is not so listed or offered
for sale are directed to be open to the
inspection and examination of credit
ors and stockholders of the corpora
tion whose record is sought. The re-
turns of all corporations are subject to
the inspection of any government of.
ieer or to the examination of any
court, in which the return made by the
corporation is relevant and competent
evidence.
The Payne Tariff Act.
The schedules of the rates of duty III
the Payne tariff act have been sub
jected to a great deal of criticism,
some of it just, more of it ~unfounded,
and to much misrepresentation. The
act was adopted in pursuance of a dec
laration by the party which is response
BILE for it that a custom bill should be
tariff for the protection of home indus
tries, the measure of protection to be
the difference between the cost of pro-
duccing the imported article abroad
and the cost of producing it at home,
together with such addition to that
difference as might give a reasonable
profit to the home producer, The basis
for the criticism of this tariff is that
in respect to a number of the schedules
| the declared measure was not follow
lowed, but a higher difference retained
or inserted by way of undue discrimi-
nation in favor of certain industries and
manufacturers. Little, if any, of the
criticism of the tariff has been DIT
rected against the protective primer
pie avove stated; but the main body
of the criticism has been based on the
charge that the attempt to conform 70
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 it's experts to acquire the informa-
ton necessary strictly to conform 20
the declared measure. In order 80
avoid criticism of this kind IN the fu-
ture and for the purpose of more near
" conforming to the party promise,
CONGRESS at it's last session made pro-
vision at my request for the continu-
ance of a board created under the au-
tbority of the maximum and mlnlmu n
/ clause of the tariff bill and authorized
this board to expend the money appro-
priated under my direction for the IS
eertainment of the cost of productlol
at home and abroad of the various al
ticles included in the schedules of the
tariff. The tariff board thus appoint
ad and authorized has been diligent IN
nrenarinp itself for the necessary III
vestigations. The hope of those who
have advocated the use of this boafd
for tariff purposes is that the question
of tbe rate of a duty imposed shall be-
come more of a business question ana
less of a political question, to be as
certained by experts of long training
and accurate knowledge. The halt IN
business and the shock to business,
due TO the announcement that a new
tariff bin is to be prepared and put 2
oneration. will be avoided by treating
the schedules one by one as oecasf'.
shah arise for a change In the rates 81
each and only after a report upon me
schedule by the Tariff board competent
Ito make such a report. 1t is not likely
that the board will be able TO MAKE :
renort during the present session OF
congress- on any of the schedules be-
eause . proper examination involves a"
/. enormous amount of detail and a great
, deal Of care; but | cope to be able al
) the opening Of the new congress OF a.
, least during the session of that con
gress. to bring to its attention tae
/ facts in regard to those schedules IN