The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-08-22
Saws There Was No Satisfac-
tory Investigation of an
Industry which Involves
$500, 100000.
|SAYS TARIFF BOARD
SHOULD BE HEEDED
Says the Bill Would Not Be-
come Effective Until Aft
er the Board Reports
Session Now Closed. ..
(National News AsSociationl

WASHINGTON, Aug. 22-Although
the galleries presented brilliant spec
tacle today because of the large at
tendance of beautifully gowned wom-
en- little else than get away enthusi-
asm marked the closing sessions of
the house and the senate The Demo-
cratic solons spent their time con-
graduating each other on what they
had accomplished and the Republi-
cans were equally jubilant over what
the Democrats mad not accomplished.
President Taft this afternoon vetoed
the Cotton revision bill on the ground
that satisfactory investigation of the
industry, involving $S0O,OO0,00O, had
not been made. The President said:
my objection to the cotton schedule is
that it was adopted without any fnves-
tigation or information of satisfac-
tory kind as to tine effect it will have
upon an industry of this country in
which the capital invested in 1909 was
1921 200, 900, the value of the products
S629, 100000, the number of wage earn
ers $4,000, making, with dependents.
total of at least 1000, 900 people, with
wages paid annually amounting to
s14s. 200, 900. @
Time For Report.
"The bill would not go into effect
by its terms untit Jannary 4. ssext, and
before that time a full report to be
submitted to congress by the tariff
board, based upon the most thorough
investigation, will show the compar-
tive cost of all the elements of pro-
duction in the manufacture Of cotton
goods in this and other countries. The
investigation of the committee of ways
and means of the house did not cover
the facts showing this comparative
cost for the reason that the commit
tee was preparing bill on a tariff for
revenue basis and their view of a
proper tariff was largely at variance
with the theory of protection.
Pledged to support a policy of tar
iff protection cannot approve meas.
ure which violates this principle.
schedules A and B, l have examined
the records of congress for the purpoe
of informing myself as to the facts
and arguments which the opinion OF
congress makes these changes in the
law expedient. l find there was prac.
tically no consideration of either
schedule by any committee of either
house
There was no report of any com
mittee explaining or stating the basis
of the proposed legislation. There
were no facts presented in either
house in which l can find material on
which to form any judgment as to the
amendments, either upon American in
dustries, or upon the revenue of the
government. The revision of sched
ules A and B were contained in the
amendments offered on the floor OF
the senate and were never referred to
any committee and were disposed OF
without any attempt to adjust the de
tails or to furnish the basis of facts
for adjusting the details of the dit
terent paragraphs to the great number
or variety of industries to be affected
with a view to any degree of protec
ton whatever, however moderate.
cannot make myself a party to dealing
with the industries of the country in
this way" a.