The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1911-04-05
TARIFF REFORMS BEGINNING
Why DO Ex-GOYernment En-
plOyes Make Good Wall
Street Officials?
SCHEDULE IN" HAS GOT TO GO

dian reciprocity measure.
But we don't like the particula
brand OF reciprocity advocated by
, Mr.. Taft a few OF the farmers, ar,
still saying. The measure in ques
ton reduces the tarin on raw prod
ucts, without q corresponding down
ward revision on manufactured ar.
ticles"
The comparative few who take
this view, however. overlook one
very important fact. The Demo
cratic House will not pass the reci-
procity bill as being in itself a full
fllment Of prediction promises 70
revise the tarin downward. but
merely as q step in that direction
With Canada and the keeping Of
.aith w!:h President Tat, Who vas
insured that II be called an extra
session the Democratic House would
pass the reciprocity bill
Those who opposed the passage
Of the reciprocity bill by a Republi-
can administration on the ground
that manufactured articles were not
treated the same as raw products.
are obviously and justified in op-
posing the passage Of the measure
By the Democrats.
With the Republicans, reciprocity
was 70 have been the beginning and
end Of tariff reform. With the Dem
ocrats II Is but a beginning.
Mark this difference:
Reciprocity under a Republican.
House meant the Mccall bill with
1S5 per cent. Payne-Aldrich duty on
wooden blankets, the 11G per cent.
Psyne-Aldrich tax on wooden under
wear, and many other similar out
RACES. remaining intact.
Reciprocity under ? sure Demo
cratic House will mean the Mccall
bill with only It's good features re-
naming IN force, and with its n ost
Objectionable features made null
and void by the passage Of separate
bills reducing the tax on woolens
and placing lumber and other nee
essaries Of life on the free list. |
These separate bills refer not only |
20 imports from Canada. but 10 the |
imports Of all nations Of the earth. |
White House 10 Wall Street.
And Vice Versa.
Charles d. Norton is closing up /
his business as secretary 70 Presi- |
dent Taft, preparatory 10 becoming |
one Of the vice-presidents Of Nor I
gan's first National Bank Of New /
York As in the case Of Leslie VI. /
Shaw, Frank A. VANDERBILT, George !
y. Cortelyou, the late Paul Morton
and Comptrollers Eckels. Dawes
and Ridgely, Mr.. Norton's special
fitness for high finance was not dis
covered until he took a Government
position.
What Is there about service with
the Government which so peculiarly
fts a man fo- Wall Street? DO
Morgan and Rockefeller give out
these high-salaried positions 70
employees for services
rendered them while they are IN
the Government service. or is II be-
cause OF realization that men like
a secretary 10 the President are La
bic TO have valuable secrets which
may be useful for speculative pur-
poses?
Going or coming, the path be-
tween Wall Street and President
Taft's immediate circle is short and
much travelled. Attorney General
Wickersham, II will be recalled, was
formerly a sugar trust attorney;
the Presidents brother. Henry p.
Taft, is on record as a sugar trust
attorney; ex-secretary Of the Inter-
Tor Ballinger was formerly adviser
for the interests having designes up
on Alaska coal lands; Secretary OF
Commerce and Labor Nagel was for
merly attorney for the Waters
Pierce (standard) oil company, and
Secretary of War Dickinson was
personal attorney for the late Har-
riman and general counsel for the
Illinois Central railroad.
A Change uggested-Schedule "K"
Has Got TO Go.
The Democrats may decide to add
clause to the reciprocity agreement
authorizing the President, by exc
utiye act, to reduce the tariff du-
ties OF this country. on any item,
whether included in the Canadian
agreement or not, whenever Cana
da is willing to put them on her