The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1912-08-10
Says it Would Destroy the
Wool Business of the
Country.
MAY BE PASSED OVER HIS VETO
-PREsIDENT SAYS HE WILL
SIGN A REDUCTION BILL
FRAMED IN ACCORDANCE WITH
THE FINDINGS OF THE TARIFF
COMMISSION AND ASKS PASS
AGE OF SUCH.
BY Associated Press.

Washington, Aug. 9.-For the second
time within a year President TAFT to-
day vetoed a bill to revise the wool
tariff, schedule K Of the Payne-A-
drich law.
With a message OF disapproval, the
president returned to congress the bill
evolved as a compromise between the
house and senate, holding that its low
rates would bring disaster to home in
duEtries. He appealed to congress,
however, not to adjourn until it had
enacted a measure to substantially
reduce unnecessary existing duties"
without destroying protection for the
wool industry in the United States.
The presidents disapproval Of the
wool bill is to be followed with similar
vetoes Of the steel bill and the cotton
bill. The sugar bill is likely to be
vetoed, as is the excise tax bill, the
latter probably on the ground that the
president believes it unconstitutional.
Il shall stand by my pledges to
maintain a degree of protection neces-
sary to offset the differences in cost
Of production here and abroad and will
heartily approve of any bill reducing
duties to this level" wrote Mr.. Taft.
While the bill vetoed today and the
one disapproved last year were identt-
cal in terms the presidents reasons
differed. He vetoed the former bin
because it had been framed before the
tariff boards report-the latter be-
cause he said 1t had been framed with
disregard for the boards findings.
Most of the rates in the submitted
BILL" wrote the president, are so low
in themselves that if enacted into law
the inevitable result would be ire
trievable injury to the wool growing
industry. the enforced idleness of
much OF our wool conbtng and spin-
ming machinery and Of thousands OF
looms and the consequent throwing
out of employment Of thousands of
workmen.
The bin sent to the White House i'm
posed an ad valorem duty Of twenty
nine per cent on raw wool and on
cloths Of forty-nine per cent. Both
rates, Mr.. Taft held, were INSULT
cient to protect the wool grower and
the Manufacturer.
1t was predicted today 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.
Republican leaders were inclined to
believe that 1t would fail of passage
there as it did twelve months ago.
The president declared in his mes
sage that he was anxious to see
schedule K revised downward and that
he would be glad to see congress re-
considered proper was sent to the
White House. He found it impossible,
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 draft
ed by minority members of the house
ways and means committee.
81 strongly desire to reduce duties,
read the message, provided only the
protective system be maintained and
that industries now established be not
destroyed"
The message sent to the house to-
day was drawn after conferences be-
tween the president and Chairman
Emery of the tariff board. 1t was sub
mitted to the cabinet yesterday at a
special meeting. Reports that two
members of the presidents official
family urged him to approve this
measure were denied at the White
House.