The Prescott daily news., 1910-08-30
NO PLACE LIKE HOME.

oan party to make e downward revision, and te comply with the promises of the platform as they have been generally un- 6arstood, and as interpreted them in tn 6 cAmpaign before election.
 "The bill is not a perfect tariff bill. or complete compliance with the promises made. strictly interpreted, but . fulfiinent froe from ortttcism in respect to . bject matter involving many schedules and thoueaads Of articles could not be sx- pected. There have been a great num- Der of real decreases in rates, and they constitute a sufficient amount to justify the statement that this bill is a substan-
 ad downward revision and reduction of excessive rates. This is not free trade bill N was not intended to be- The Republican party did not promise to make Q free-trade bill IL promised to make the rates protective, but to reduce them when they exceeded the difference between the cost of production abroad ana here, making allowance for the great or normal profit on active investments hero. I believe that while this excess has not been reduced in number of cases, In Q great majority. the rates are such as are necessary to protect American in- dustz1ss, but are low enough. in case of abnormal Increase of demand, and rais- tQs of prices. to permit the possibility of the importation of the foreign article and thus to prevent excessive prices
 The power granted to the executive under the maximum and minimum clause may be exercised to secure the removal of obstacles which have been interposed by foreign governments in the way of un- due and unfair discrimination against American merchandise and products
 The Payne tariff bin is the first b,ll passed by the Republican party in which fnr ~AAu
 this evil has been recognized. and if is therefore decided step in the right di- recton and It ought to be accepteS a. such. On tho whole, 1t WAS a downward revision, particularly on articles of nece,- sity and on raw materials
 The charge that the present tarifY {. responsible for the increase in the prtces or necessities is denonstrably false, be- cassS the high prtoes. with very few ex. captions. affect arNoles in the tariff upor which there was no increase in rates Q. in respect 10 which there was a substan- tiai reduction
 Tariff Commission. ~ssssq
 Perhaps moro important than any on. feature of the operative part of the tan6 'Aw that sscoou which enablSs the s14oueave to appoint . tAri0 comniasion or hoard to sspG,ss ths needed infovmetaon sss t1e proper ansadznsns and psstsaGie0 of the law. The diH,ouity in Axins thS proper tariff rates in accord with the principle stated in the Republican plat form is In securing reliable evidence as to the difference between the cost of pro- duction at home and the cost of pro duction abroad
 The commission, however, already se- iected and at work. Is a commission of oisinterested persons who will ascertain nat hao animation and oss-examination of wit nesses but by the kind of investigation mat statsticians and scientific invfsdga- tors use When the commission completes It's 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 tarir Is wrong and should be changed. I expect 10 bring the matter to the attention of me congress with a view to it's amend ment of the tarifr in that particular of course, this will be impracticable unless congress itself shall adopt the parlia- mentary rule, as 1 hope It will. that a hlli 10 amend one schedule of the tarifr may not be subject to a motion to amend by adding changes in other schedules
 IL will thus be possible to take up a single schedule with respect to which fl ls probable that a great majority of each house will be unprejudiced to submit the evidence, and to reach a fair conclusion. TOT these reasons 1t seems to me that sii Repu publicans-eonservatiye progressive ana radical-may we'll abide the situation with respect to the tarin until evidence now being accumulated shall justify changes In the rates: and that it Is much better for them to vote for Republicans than to help create Democratic major ty which would be utterly at war with the protective principle. and therefore wooh have no use for the findings of the arm commission. as we may certainly nfsr from the solid DsMoeratic vote in the present congress against the neces- 'ary appropriation for the commision's work
 One great virtue in the new tarir law. including the corporation tax, Is. that ta- fea with the earnest effort of the ad- to keeu down or reduce gov- 'rnmental expenditures and to reform the methods of collecting tho eustous rev. 'nus. It has. by hs revenue producing ea- 'Adty, turned . dsAcit in the ordinary 'peranens of the gcvsrnmsnt of egs. .ooo.ooe | or the year sndins 1vns e. looe. to . | urpsus in thS hest fun ysAs of the law. | ndans Aus. :, islA of S99 .ooo. oOo From . | evenue standpofnt then, tnore oaa be uo | catrovsrsy over the effectiveness of the | Isw law.
 The Corporation Tax. Again. the prsssnt law h ks corpora ! Ten tax imposes Asw kind q tex which ] aA ss;-- -:s -tt: nc::rits .. .c inccr. tax.