The Birmingham age-herald., 1911-08-23
EXODUS BEGINS
 AND WASHINGTON
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 -~-~-~-~>~>~---~--~----- islanders. Just as MT. Kinkead concluded, at 2:57 o'clock. but with three minutes leeway. Speaker Clark leaned toward the clerks
 table and remarked in an audible under tone: If you've got any more bills down
 there to be signed you had better be hustling them up here"
 The speaker hastily signed several more measures, and then with his goodbye le-
 marks adjourned the House. Taft's Veto Received President Taft's message vetoing the cotton bill was read in the House at
 2.O1 D. m As in the case of the wool and free list bills, the President based
 bis objections to the cotton bill largely upon the fact that the tariff board had TO, AS vet had time to submit report | in schedule.
 He also declared the cotton bill was adopted without any investigation or 1 Information of satisfactory character as to its effect upon the cotton industry. The President objected especially to | .he attempt by Congress to ado a revision | of the iron and steel and chemical sched- | mes to the cotton bill as amendments. Briefly reviewing the matter as these amendments were added to the bill, the l President said;
 q cannot make myself a party to deal- | ing with the industries of the country | in this way The industries covered by 1 metals and the manufacture of metal are 1 tic largest in the country and 1t would not seem only wise but absolutely es- | sential to acquire accurate information i as to the effect of legislation which may 1 yiially affect these industries before en- | acting them into law"
 | Speaking of the cotton industry, the I President said the capital invested in | 1909 amounted to $S21 100000, the value of | tho product to s62s, ,OO0,0 600; the number of wage earners to 3790O0. making, with de- pendents. total of at least 100000 per- | sons directly affected with annual wages l of $146. 100000.
 Tine bill would not have gone into ef- | feet until January 1 next and Mir. Taft
 said the tariff board would be ready | vuh a report before that time 1 investigation by the House. ways and means committee. MT. Taft said was
 rnel for the purposing of preparing . tjll on a tariff for revenue basis. l "Pledged to support policy of mod crate protection," he added, T cannot | approve a measure Whlcn violates US
 principle"
 | The President denounced the bill as empirical and haphazard. This, he de-
 cIared, was especially true of the chem | teal schedule which had been revised 1 in such a way as to increase the tax
 on certain chemicals instead of reduc- | ing them.
 After citing a number of increases made in the chemical schedule, the | President continued: But the most re- l markable feature of this amendment
 to the chemical schedule remains to be I stated.
 The internal revenues of this coun- trv to the extent of s160,000,000, are
 dependent on the imposition Of tax of $1 sa0 d gallon on distilled spirits "Under the present bill all precau- l tions against the undue introduction or foreign alcohol in articles and com rounds included in the chemical sched- ule are in fact abolished by striking out the specific duties per pound
 CT could hardly dwell on the disas-
 trous effect such an amendment in ref arence to alcoholic compounds would nave mon the revenue settlement of taxine distilled spirits. nor need point
 ont the opportunities of invastion and fraud thus placed. On the other hand tbe change was not intended, but if this hill b ecame law 1t would be made When the reports of the tarinf board upon these schedules are received these duties. which, should be imposed, can be determined upon justly and w''h in
 sxsnt @ appTs0aaon ssys so,S of the ss upon the revenue"