Perth Amboy evening news., 1911-08-18
CONGRESS GETS
WOOL BILL VETO
President Sees No Immedi-
ate Need for Revision.

Washington, Aug. IS. President
Taft sent the following message to the
house vetoing the wool bill:
10 the House of Representatives:
1 return without my approval house
bill No. 11,019 with a statement Of rea.
SON. for so doing,
The bill is an amendment Of the ex.
listing tariff law and readjusts the Gus
toms duties in what is known as
Schedule K, embracing wool and the
manufactures of wool.
l was elected to the presidency as
the candidate Of a party which in It's
platform declared its aim and purpose
to be to maintain a protective tariff
by the imposition of such duties as
viii equal the difference between the
cost of production at home and abroad,
together with a reasonable profit to
American industries l have always
regarded this language as fixing the
proper measure Of protection at the
ascertained difference between the
cost of production at home and that
abroad and have construed the ref
erence to the profit OF American in
0u9AAACD t0 1LlGAAOEu hOk " duu a ACN ]
element to the measure stated or to
exclude from the cost Of production
abroad the element of Il manufactur-
er's or producers profit, but only to
emphasize the Importance Of including
in the American cost a manufacturers
or producers profit reasonable accord
ing to the American standard.
In accordance with a promise made
in the same platform 1 called an ex-
ira session Of the Sixty-frst congress,
at which a general revision of the tar
At was made and adopted in the
Payne bill Ii was commended by those
who opposed the Payne bill that the
existing rates of the Dingley bill were
excessive and that the rates adopted
in the revising statute were not suf-
ficienty reduced TO conform TO the
promised measure.
The great difficulty, however, in dis
Sssstng the new rates adopted was
Chere were no means available by
Ech impartial persons could deter
line what in fact was the difference
in cost OF production between the
products Of this country and the same
products abroad. {
The American public became deeply I
Impressed with the conviction that, In I
order TO secure a proper revision of c
The tariff In the future, exact informa- Il
ton as to~the effect of the new rates II
must be had and that the evil Of log n
rolling or q compromise between ad- p
vocates OF different protected indns-
tries IN fixing duties could be avoid ~
md rho FnLa-au+ ~ H. nD,--r, r
-ng pnblie could be properly guarded =
'nly By revising the tariff one sched- -,
lie at q time. -
To help these reforms for the future -
took advantage of a clause IN the -
'ayne tariff bill enabling ne to ere -
te a tariff board Of three members ~
ed dfrecfed them to mak q Gla3a
sary anAcen sand RELATING WI =
used In the tariff and 10 secure infor-
1nat1on as to the comparative cost Of r
production Of dutiable articles under 70
the tariff at home and abroad In my =
message TO congress of Dec 7, 1909, y
i asked q continuing annual nppropr- =
alton for the support OF the board and -,
said -,
Il believe that the work of this
board viii be of prime utility and i'm
portance whenever congress shall
deem it wise again to readtust the
customs duties If the facts secured
by the tariff board are OF such a char
acter as to show generally that the
rates Of dDties imposed by the present
tariff Law are excessive under the
principles of protection as described
in the platform Of the successful
party at the late election, I shall not
hesitate TO invite the attention OF con-
gress TO this fact and to the necessity
for action prsdicated thereon
Nothing, however, halts business
nnd interferes wfth the course Of pros
per1ty 50 much as the threatened re-
vision Of the tariff, and until the facts
ERE at hand, after careful and DELHI
erate investigation, upon which such
reT1sioD can properly be undertaken
1t seems TO me unY1se TO attempt It.
Abe amount Of INSTRUMENTATION that
creeps into arguments pro and con in
te5peet TO tariff rights is such as TO
Require the kind Of investigation that
have directed the tariff board 70
make, IN Investigation undertaken by
K wholly without respect 10 the effect
which the facts may have In calling
for q readJustnaent OF the rates Of
futy."
A popular demand arose for the
formal creation by law OF a permanent
FOnpartiSan tariff commission. Com
@erclal bodies al oven the country
snfted in a movement TO secure ade-
Euate legislation for this purpose, and
IN association with a nation wide con
etituency was organized TO promote
he cause. The public opinion In fa-
ToY of such a commission was evil
fenced by resolutions adopted in 1909
md 1910 by Republican state conYen-
lions in at least twenty-eight states.
In addition efforts were made TO Sc
rure q change in the rules of procedure
In the house and senate with q view
to preventing the consideration Of tar
Ii changes except schedule by sched-
ME.
The business Of the country rests on
a protective tariff basis. The public
keenjy realized that a disturbance OF
business By a change IN the tariff and
& threat Of injury TO tbs industries of