Dewey County advocate. [volume] (Timber Lake, S.D.) 1910-1913, 1911-08-25
TAFTyET0S WOOL
IN, End OF AVOWED TARIFF-ron'
REVENUE AND PROTECTION
MEASURES"
But STILL INDEFENSIBLE
saws Act Is Not in Harmony WIZ"
Platform on Which He was
EIected.-Promise Data BY
December.

Washington, D. c. - President
Taft. in a special message to the mouse
of representatives, characterlzlns 'ne
wool tariff bill as blend OF an a'ow'
ed tariff-for-revenue-only and antl'pro-
lection measure with professed pro-
lection BILL vetoed the measure.
In explanation of his course fres''
dent Taft said the bill was not IN nar'
mony with the platform on whlcn Nc
was elected. Furthermore. ne declareo
that the American people are deeply
impressed with the conviction tnat tne
interest of the consuming puphc Can
be properly guarded only by revising
the tariff one schedule at time anu
then upon accurate and sclentlhcaily
acquired information"
That there is a widespread DeheI
that many of the rates in the wool
schedule are too high and in excess
of any needed protection for the wool
grower and manufacturer Is admitted
by President Taft and he says ne
shares this belief. Asserting that De
cember was the time fixed by both the
Republican and Democratic parties in
the last congress for the submission
of adequate information upon schedule
X, covering wool and woolens, with
a view to its amendment, the presl-
dent says there is no public exigency
requiring revision in August without
adequate information"
After promising that the tariff board
will be ready to report in December,
the president argues that failure of
the present bill should not be regard
ed, therefore, as taking away the only
chance for reduction by this congress.
The message will be accepted as an
indication that no tariff bill prepared
in advance of a report of the tariff
board upon schedules affected will be
signed by the president.
The president reviewed the history
of the movement for the establishment
of the tariff commission or board lin
order to show that the real advance
and reform in tariff-making are to be
found in the acquiring of accurate
changes under each schedule before
they are adopted, and further to show
that if delay in the passage of scheA
ule X can be had until December, con-
gress will then be in possession of a
full and satisfactory report upon the
schedule.
"The business of the country rests
on protective tariff basis" he said
'"The public keenly realizes that dis
turbance of business by change IN
the tariff, and that threat of injury
to the industries of the country, ought
to be avoided, and that nothing could
help so much to minimize the fear of
destructive changes as the known ex-
istence of reliable source of informa-
ton for legislative action.
Schedule K is the most complicat-
ed schedule in the tariff. 1t Classics
raw wool with different rates for differ
ent classes; it affords the manufacture
er what is called a compensatory
duty to make up for the increased
price of the raw material he has to
use due to the rate on raw wool, and
for the shrinkage that takes place in
securing the wool for manufacture;
and it gives him, in addition, an ad
valorem duty to protect him from for.
eign competition with cheap labor.
"If there ever was a schedule that
needed consideration and investiga.
ton and elaborate explanation by ex.
perts before it's amendment, it is
schedule K. There is a widespread
belief that many rates in the present
schedule are too high and are in ex.
cess OF any needed protection for the
wool grower or manufacturer. | share
this belief and have so stated in sew
eral public addresses.
But have not sufficient data upon
which l can judge how schedule X
ought to be amended or how it's rates
ought to be reduced, in order that the
new bill shall furnish the proner
measure of protection and no more
Nor have | sources of information
which satisfy me that the bill pre.
scented to me for signature will ac.
complish this result. Tht prelimin.
airy history of the bill is not reassur.
ing upon this point It was introduced
and passed in the house as providing
tariff for revenue only and with the
avowed purpose of departing from a
protective tariff policy.
1T may well be that conditions Of
men in this country have changed so
as to require much less protection now
for the manufacturers than at the
time of the Wilson bill; but in view
of the possible wide suffering involved
by hasty action, based on Insufficient
knowledge. the wise course, in NV
judgment. is to postpone any chanpe
for few months needed to comnleta
the pending inquiry.