Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-10-24
President Unwilling to Have
Legitimate Business Made
Football of Political Adven.
turers.
LIVELIHOOD OF
TOILERS AT STAKE
President Tells Hardware As.
ISOLATION That Approval OF
Measure Would Have Spell.
ed Ruin to Industry.
my Leased wire 10 evening meraldl

my Leased Wire TO Evening Herald
Atlantic city, y. j., Oct. 2i.--N let
ter from President Taft. explaining
his position on the Hrn, was read be-
fore the American Hardware assoria-
tion today. The letter, which is adj
dressed to q, II. Guntz president of
the association, follows In part,
II am very glad tu send q message
Of greeting to the members ur tho
American Hardware Mauulacturcrs'
association and the National hard
ware association ON the occasion of
their annual JOINT convention.
"Ono of the members of your as
ISOLATION wrote me the other day that
what this country needs most Is in
dustrIal peace. There can be no such
peace In the absence of national pros
perity, and / am glad to believe that
the members Of your association are
doing their fun share to welcome the
prosperity which II just at our doors
by maintaining our present economic
business basis ana by the encourage
ment of business expansion and pro-
gTess through legitimate use OF cupi-
tai.
II am n fair believer la Il tnrlff
board or tariI commission. I do not
contend that the tarlm can be- taken
uu, Of politics In The srusc that It
would never he made the subject Of
n.II0Ipul a N. al
lCally uB to the economic value Of a
protective tariff, or tarin for revenue
only. and that must always be the sub
ject OF political discussion,
Probably no industries affected by
the tRrlff need scientific and Impair
tlal conclusions more than those
which are represented In your Conven-
tion. In my message OF August -
last. returning Ia congress without my
| approval the bin to revise the metals
schedule, pointed out that In this
| schedule iron and steel Hs primary
! products are less than Onc-thlrd In
value OF tho subject matter covered
| by the schedule. / presented IA table
showing that Included In the metals
are ffty-nlne allied Industries OF sur
/ fcient importance to justify separate
| classification, study and report by
/ the census bureau. pointed out fur
1 ther that foundry and machine shops
products, which arc secondary pro-
duets OF tho iron and steel industry
are made by more than 1900 com
peting establishments with an Invested
capital OF more than II billion and u
half dollars. win more thnn half a
Il nnInlnunH md
producing nearly "a billion and quar-
ter dollars In value OF products an
nually.
"EVery dollar Of this capital and
every working man employed In the
idustry was directly effected by the
bill. And ] could not hnd. either IL
the report OF the committee on wayi
and means. or In the house In the dis
cusslOn OF the schedule, that serious
confederation had been given to th'
| efforts OF the revision on this particu
lar branch Of the industry, and tbs
same thing II true Of more than two
thirds OF the Industries covered by tn
schedule.
81 refer To these facts to brlnl
home TO tho members OF your nAsoci
alton some Of tho dangers of ill-ad
vised political tinkerlng with business
vetoed the bill which would haV,
spelled ruin TO many or you, because
was unwilling 10 approve Legislation
which vitality affected not only mil
Hons OF workingmen, and the fami
lles dependent upon them, but hun
drsds OF millions OF dollars worth o
stocks Of goods In the hands Of store
keepers and distributors generally
without first providing for carefu
| ana dlslntsrested inquiry into the con
+ ditIons OF the whole Industry.
and 10, I say, We must not mink
legitimate business the football OF poi
. lslaa