The Bon Homme County independent. [volume] (Tabor, S.D.) 1904-1913, 1910-12-08

whose stock Is not 20 listed or ofsred
furs sale are direoted to be open to the
Inspection and examination Of creditors
whose rscoS + sought q In. q
spection Of any government officer or 70
the return made by the corpora lion IL
relevent and competent evidence.
The Payne Tariff Act.
The schedules of the rates Of duty In
the Payne tart arr act haze been snstsSted
just. more of IL unfounded. and to much
Misrepresentation. The act was adopted
IN pursuance Of 9 declaration by the
customs bill should be q tariff for the
protection OF home Industries, the mean
ufe OF the protection to be the difference
ported article abroad and the cost OF
producing 1t at home, together with such
addition to that difference as might give
The basis for the criticism OF this tariff
is that In respect to- number Of the
schedules the declared measure was not
or Inserted by way OF undue discrimina-
tion IN favor OF certain industries and
m nl..' Little. II any. Of the
against the protective principle above
stated; but the main body Of the criti-
cism has been based on the charge that
OF protection was not honestly and sin
cerely adhered to.
Tariff Board.
The time In which the tariff was pre-
pared undoubtedly was so short as to
make 1t impossible for the congress and
Its experts to acquire the information
clared measure. In order to avoid crit
-icism OF this kind in the future and for
the purpose OF more nearly conforming
session made provision at my request
for the continuance of board created
under the authority. OF the maximum and
authorised this board to expend the
money appropriated under my direction
for the sscertainment the cost OF produc-
articles included in. the schedules Of the
tariff. The tariff board thus appointed
and authorized has been diligent In pre-
pairing itself for the necessary invests
advocated the use of this board for tariff
purposes Is that the question of the rate
of duty imposed shall become more OF
business question and less of a pol.t-
ical question, to be ascertained by ex-
perts Of long training and accurate
knowledge The halt In business and
nouncement that new tariff bill Is to
be prepared and put In operation, will
be avoided by treating the schedules one
change IN the rates of each, and only
after report upon the schedule by the
tarin board competent to make such re-
be able to make. report during the
present session of congress on any of
the schedules, because proper exam
detail and great deal OF care; but /
hope to be able at the opening Of the
new congress-. or at least during the
attention the facts in regard TO those
schedules In the present tariff that may
prove TO need amendment. The carry
,thhs s o s, OF dh;s plan, OF course. involves
limiting the consideration in tariff mat
tiers TO one schedule at a time, because
1. I. prSGpos,ea amendment to a tarin bill
OF all the schedules and another revision.
then we shall only repeat the evil from
which the business Of this country has
by stagnation and uncertainty, pending
resettlement OF law affecting all
business directly or indirectly, and the
erect or which no wise business man
would ignore In new projects and new
investments. can not too much en-
phas:ze the Importance and benent of
ment OF the tariff. 1t facilitates the re-
moval OF noteworthy defects in an i'm
portant law without a disturbance Of
important to the happiness and the COM
tort or the people than the elimination
Of instances Of the injustice in the tar.ff.
the tariff board made during the last
summer into the methods pursued by
other governments with reference to the
of their effect upon trade, show that
each government maintains an office or
bureau, the officers and employees of
study OF tariff matters, of foreign and
home prices and cost OF articles import
ed. and the effect of the tariff upon
trade, so that whenever change is
thought to be necessary in the tariff law
this office Is the source of the most re-
liable Information as to the p:opriety OF
| convinced that we need In this govern
ment just such an office, and that 4 can
be secured by making the tariff board
appo WfS tariff
and emoluments as 1t may seem wise to
congress to give. 1t has been proposed
to enlarge the board from three to five,
l do not know that an increase of two
members would be Objectionable
Whether or not the protective policy is
lection to be accorded to our home In
dustries, are questions which the people
| must decide through their chosen repre-
ed. II Is clear that the necessary legisia-
| ton should be based on an impartial.
thorough and continuous study OF the
| facts.
Banking and Currency.
| The method OF impartial scientific study
by experts as a preliminary to Legislation,
which / hope to see ultimately adopted
| as our fixed national policy with re-
! spect to the tariff, rivers and harbors.
waterways and public buildings, also is
| being pursued by tho non-partisan mon
etary commission of congress An ex-
| haustve and most valuable study of the
| banking and currency systems OF for
| eign countries has been completed
| A comparison of the business methods
and institutions OF the country are sure
| to be of immediate value. / urge upon
congress the Importance Of a non-parti-
san and disinterested study and consid-
GRAFTON of our banking and currency sys-
TEN.
| 1t is idle to dream OF commercial ex-
pansion and OF the development of our
| national trade on a scale that measures
| up to our matchless opponents unless
1 we can lay solid foundation In a
sound and enduring banking and cur
rency system. The problem Is not parti-
san, IS not sectional-it Is national
| Organization Of Army.
| further recommend that congress es-
| tablish commission to determine as
| early as practicable comprehensive
policy for the organization, mobilization
| and administration OF the regular army,
| the organized militia and the volunteer
/ forces in the event of war
One OF the great difficulties in the
| prompt organization and mobilization of
| militia and volunteer forces Is the alb
| sence of competent officers CT the rank
! of captain to teach the new army, by
| the unit OF the company, the business or
| being soldiers and of taking care ~