The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1912-04-18
HON. E. D. CRUMPACKER'S SPEECH


ceives for the use of his land. He
is apt to call 1t all rent. but the
economist will demonstrate to him
by some abstruse philosophy that the
bulk Of returns he receives is income
on his investment and not rent for
the use of the land. Refinements of
this character in practical matters
are hardly worthy Of consideration,
however important they may be in
science. When read an article, In.
tended for practical purposes, based
upon the "law of diminishing re-
turns" give up in despair; yet the
law is recognized as sound by all
scientific economists. 1t is like the
Malthusian law OF population, 1t is
scientifically sound but practically
unimportant.
The report Of the Tariff Board up
on the wooden industry shows that
II is not difficult to ascertain the diff.
ference in the cost of production of
woods and woolens in this country
and in foreign countries from a bust.
ness standpoint. II discloses the ay.
erage cost through a period of years
of the bulk of wool grown and wool.
ems produced in other countries that
may invade our own markets IL our
tariffs are unduly low. It is a prac-
teal question, and is based altogeth-
er upon business principals The
report contains information that will
enable Congress to act with business
precision.
The bill proposed by the Democrat.
ic members of the Ways and Means
Committee is identically the same
rs the bill that passed both Houses
Of Congress last summer and was We
toed by the President. II that bill |
should go through both Houses OF |
Congress again 1t would doubtless
meet the same fate at the hands of |
he President 1t met last summer.
There are additional reasons now why |
he President should not approve the
Dill. When he voted It last summer |
he Tariff Board had not made Its |
'eport on the wool schedule, but now |
he report is before Congress and |
las been for over three months. and
he President now has irrefutable
roof that the bill does not even ap-
'roximately fix the duties on woods
md woolens so as to cover the DIFF. |
erenee In cost Of production here
nd foreign countries. The advocates
Il the Democratic measure do not
'retend that IL does, but they under.
axe to justify It by attacking the re-
liability Of the report of the Tariff |
'oard. The board is composed OF |
bile, upright, disinteresed men, three
u who are Republicans and two OF |
whom are Democrats. They all con-
ur in the report. Gentlemen on the |
'ther aide OF the aisle know that the |
of their bills is cloves |
abor lost" They know that II 1t !
,oes to the President again he can
lot. in keeping with his pledge 70
he people, give 1t HIS sanction and |
approval. They know that II they in |
list on that measure II means no re-
,ision of the wool schedule at all. |
rhe bill submitted by the Republican |
members of the Committee on the |
Ways and Means is made In faithful |
to the report of the tarifr |
Board, The duties It imposes cover
he difference In cost Of production
here and in foreign countries and no
more. 1t will reasonably protect
American producers and manufacture
ers of woods and woolens, and 1t will
likewise protect American consum.
ers by reducing the tariff to such
point that exorbitant prices can not
be exacted. II the Republican bill
should pass the two Houses of Con-
gress, it would be approved by the
President and would become a law.
Every Member of the House knows
that to moral certainty, Every
Member of this House knows that
II is the only proposition for the re-
vision of the wool schedule that may
be enacted into law. That bill re
duces the duties on woods and wool.
ems on an average OF over 40 per
cent. Here, then, is an opportunity
for Democratic Members of this
body to do something for the relief
of the people of the country, They
have been talking long and Justify
about the enormous burdens that are
imposed upon the, people by the high
tariff on wool, and yet they persist