The Cairo bulletin., 1912-08-10
CkisI Executive Knocks Out Sec
ond Bill Of Year to Low
er Duties
President viii Also Disapprove
Bills 10 Revise Steel and Cot
ton Schedules

Washington, Aug. 9,-For the
second time within year President
Taft t6day vetoed bill to revise
the wool tariff-schedul X of the
Payne-Aldrich law,
With a message of hisapproval
the president returned to Congress
the bill evolved as a compromise be-
tween the House and Senate holding
that its low rates would bring dis
aster to home industries. lie ap-
pealed to Congress, however, not to
adjourn until il had enacted meas
ure to substantially reduce "un'
necessary existing duties" without
destroying protection for the wool
industry In the United States.
The presidents disapproyal of the
wool bill is to be followed with SIM
liar vetoes of the steel bill and the
cotton bill Tho sugar bill was
likely TO be vetoed, as is the excise
tax bill, the latter probably on the
ground that the president believes
it unconstitutional,
Stand By PLEDGES.
81 shall stand by my pledges to
maintain a degree of protection
necessary to offset the differences in
cost of production here ana abroad,
and will heartily approve or any
bill reducing duties to this level"
wrote Mr. Taft.
While the bill vetoed today and
the one disapproyed last year were
identical in terms, the presidents
reasons differ, He vetoed the
former bill because it had been
framed before the tariff boards re-
port--the latter because he said it
has been framed with disregard for
the boards findings.
"Most of the rates in the submit
ted bill" wrote the president, are
so low in themselves that IL enacted
into law, the inevitable result would
be irretrievable injury to the wool
growing industry, the enforced idle
ness Of much of our wool combing
and spinning machinery, and OF
quent throwing out of employment
thousands of workmen.
The bill sent to the white house
imposed an advalorem duty of 90
per cent, on raw wool and on
clothes of 40 per cent. Both rates
Mr.. Taft held were insufficient to
protect the wool grower and the
manufacturer. 1t was predicted to-
day that the wool bill might be
passed by the House over Mr.. Taft's
veto, but there was some doubt as
to its fate in the Senate. Republi-
can leaders were inclined to believe
that it would fail of passage there as
it did twelve months ago.
The president declared in his
message that he was anxious to see
schedule X revised downward and
that he would be glad to see Con-
gress remain in Washington until g
bill he considered proper was sent to
the white house. He found it i'm
possible, he said, in view Of the
platform on which he. was elected
to approve the submitted measure,
but declared one agreeable to his
views had been drafted by minority
members of the House ways and
means committee,
Would Reduce Duties.
81 strongly desire to reduce dut-
les read the message, provided
only the protective system be main
tanned and that industries now es-
tablished be not destroyed. 1t now
appears from the tariff boards re-
port and from bills introduced into
the House and Senate that bill
may be drawn 50 as to be within the
reoulrements of protection and still
offer o reduction Of 20 per cent. on
most wool and Of from 20 per cent
to SO per cent. on cloths.
"E cannot act on the assumption
that majority Of either house
would refuse to pass bill of this
kind I therefore urge upon Con-