The Oskaloosa herald., 1912-08-15
WOOL TARIFF BILL
VETOED BY TAFT
President Urges New Measure
With Slight Reduction.
PROPOSED DUTIES TOO Low
Recommend That Revision Be Made
From Date Submitted by Tarif
Board Before Congress
.. Shall Adjourn.

Washington, Aug. 10.-President
Taft In a veto message to congress
upon the 20 per cent. wool bill indi-
Gated that no reduction lower than
IS per cent. will meet his approval.
The president urges strongly on
congress the necessity OF passing a
bill which will offset the difference
between the cost OF production Of raw
wool here and abroad.
He says:
Il strongly desire to reduce duties,
provided that the protection system
be maintained and the industries now
established be not destroyed.
Appeals for Substitute.
Il appeal to congress to consider
this measure. which ! now return
without my approval, and adopt a
substitute therefor, making substan-
tial reductiorS, without destroying
any established industry, which will
promptly approve.
In view OF the platform on which
Use to maintain protective policy,
no course Is open to me but to with
hold my approval OF this bill am
very much disappointed that such
bill should second time be presented
to me-"
Urges Use Of Boards Data.
He recommends that the revision
be made from the data furnished by
the tariff board and urges that con-
gress do not adjourn until such &C.
ton be taken.
The message continues:
On December 20, 1911, | sent a
message to congress, recommending
a prompt revision OF the tariff on
wool and woolens.
Il urged a reduction OF duties which
should remove all the excuses and
incapacities of the schedule, but
should leave a degree of protection
adequate to maintain the continued
employment of machinery and labor
already established in that great In.
dustry. With that message | trans
mitted a report of the tariff board
which furnished for the first time the
information needed to frame a re-
vision bill of this character and rec.
commended that legislation should be
at once undertaken In the light of
this information. ="
Instead OF such a measure of thor
ough and genuine revision, based on
full information of the facts, and with
rates properly adjusted to all the
different stages of the industry, there
lie now presented for my approval
bill identical with the one which I
vetoed In August, 1911, before the re.
port OF the tariff board was made. The
tariff boards report. fully and COM
pletely justifies my veto Of that date.
Fears Destruction Of Industry.
The great increase In the imports
OF tops and yarns which would result
mitted to me would destroy the effect
Of the protection to raw wool and at
the same time would be at the cost OF
widespread disaster to the wool comb
ing and spinning branches OF the in
dustry. Under the rates proposed
such plants could be continued. II at
all, only by writing of most Of the
investments as a net loss and by a
reduction Of wages. To sum up, then,
most OF the rates in the submitted bill
are so low in themselves that, II en-
acted into law, the inevitable result
would be irretrievable injury to the
wool growing industry, the enforced
idleness OF much Of our wool combing
and spinning machinery and Of thou
sands Of looms, and the consequent
throwing out Of employment OF thou.
sands Of workmen."