The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1911-08-25
TAFT VET0Es WOOL
z,ee,nENT SENDS IN MESSAGE
REJECTING TARIFF RE-
VISION MEASURE.
GIVES REASON FOR ACT
Declares He Is Not Certain Bill Pro-
vldes Remedy sought-says Re
vision Of Schedule X Is Make
shift

Shlft- |
Warrington. Aug. 1s.-President
ror yetoed the Underwood wool tar
az hin. The special message TO con-
gress. setting forth his reasons for
Sisapproval, declares he Is not con-
v,nced the measure provides the rem
edles sought
The veto message was sent In after
a long session OF the cabinet at which
,he entire matter was discussed
Il il understood that at his meet
Inc II was decided that the farmers
free Est bill and the cotton tariff
measure also are to be vetoed prompt
ly when they reach the president.
which will be soon.
Tells Reasons for Veto.
The wool veto message is in part
as follows:
q was elected to the presidency as
the candidate OF a party which in Its
platform declared It's aim and purpose
"a he to maintain a protective tarif
bv the imposition OF such duties as
win equal the difference between the
cost OF production at home and
abroad. together with a reasonable
proft TO American industries
q have always regarded this Ian
guage as fixing the proper measure or
protection at the ascertained differ
ence between the cost Of production
at home and that abroad, and have
construed the reference TO h profit
OF American industries as intended,
not 10 add a new element to the meas
ure stated or 10 exclude from the cost
al production abroad the element or
n manufacturers or producers profit.
but only to emphasize the Importance
of including in the American cost a
manufacturers or producers proht
reasonable according to the American
standard.
Tells Of Extra Session.
In accordance with a promise
made in the same platform ! called an
extra session OF the Sixty-hrst con-
gress. at which a general revision OF
the tariff was made and adopted In
the Payne bill. 1t was contended by
those who opposed the Payne bill that
the existing rates OF the Dingley bill
we're excessive and hat the rates
adopted in the revising statute were
not sufficiently reduced TO conform 10
the promised measure.
THE great difficulty. however, IN
discussing the new rates adopted
WAS that there we're no means avail
able by which impartial persons coul
determine what in fact was the differ
ence in cost Of production between
the products Of this country and the
same product abroad"
The president then tells In detail OF
the naming of the tariff board n o.
Its work.
Quotes From Report.
The president, after quoting from
report OF the tariff commission. con
tlnues:
This brings me to the considera
ton of the terms OF the bill ~presente'
Tor my approval. Schedule X Is tn
most complicated schedule In the tai
IN. 1t classifes raw wool with dinel
ent rates for different classes; 1t al
fords the manufacturer what is Gale
q compensatory duty to make up 10
The increased price of the raw materit
he has TO use due to the rate o
raw wool. and for the shrinkage tbs
takes place In securing the wool &c
manufacture, and II gives him. In a
dltion. an ad valorem duty to prote'
him against foreign competition wit
cheap labor.
The usages which prevail in scou
sg the wool, in making the yarn. an
In the manufacture of cloth present
complication OF technical detail TIL
prevents anyone, not especially !
formed concerning wool growing al
manufacture. from understanding u
schedule and the effect OF changes
the various rates and percentages.
Doubt BIlI's Efficiency.
III there ever was a schedule tn
needed consideration and investie
ton and elaborate explanation by c
perts before Its amendment, 1t
schedule X.
But | have no sufficient data up
which ! can Judge how schedule
ought to be amended oil how its rat
ought to be reduced. in order that
new bill shall furnish the proT
measure of protection and no mo
Nor have i sources OF informant
which satisfy me that the bill p
sented to me for signature Will acco
pltuh tbtg roc,,lt