The sun., 1912-08-10
TAFT VETO SAYS WOOL
SCHEDULE IS TOO Low
President Firm for Revision
Based on Tariff Board
Report.
WANTS NEW BILL PASSED
u,rrwood Thinks No Measure
That VIII Bc Approved
Can Be Written.

,,,l lill sent to him as the result Of the
Coalition between the Democrats and
.n., I,oruhlcan insurgents. The Presl-
aonr holds that most Of the rates In the
udlrvuod-I.a Toilette compromise bill
arc So low that they would II enacted
into law result in irretrievable injury
IN tho wuoilen industry and throw
Thousands Of workmen out of employ
mcnt.
The President takes a Arm stand for
revision based on data furnished by the
Tariff Board and expresses the hope that
Congress will remain In session until II
can pass legislation revising tariff rates
downward lie urges Congress to re-
turn to him wool bill based on the
findings Of the Tariff Board.
II Congress will accept this Chal-
.curc the President assures II he will
p,nnply give the measure his approval
lic saws he will sign the bill presented
hy the minority members of the House
Ways and Means Committee. which
would reduce the duty on most woods
90 p.r cent. and the duties on manu-
facturcs from 20 To 30 per cent. and
which in many instances gives less net
protection to the manufacturer than
was granted by the Democratic free
wool act Of 1891.
The House heard the veto message in
silence. The House Democrats will not
accept the Presidents challenge by
passing another bill. They take the po-
s'ion that ii is impossible for any two
mon to agree on the findings OF the
Tariff Board. They will thresh out this
point on the floor and then make an ef-
irrt to- pass tie nderwood-La Toilette
.5'l over the Presidents veto.
ilor" is the veto message
"un Doc. 20. 1911. | sent MESA sc to the
congress recommending a prompt revi-
son cf the tariff on wool and woollens
! 'IrE.d n reduction of duties which should
.,,ro," an the -xcesses and inequalities
of lh" schedule, but should leave II degree
of pro'"Ction adequate to maintain the
continued employment of machinery and
'dhur already established in that great
'dGstry With that message | trans
0ireG 4 report of the Tariff Board which
'rHi~n"d for the first time the informa-
'..u needed to frame a revision bill of
'nS character and recommend that legis-
.'I"n should l.. at once undertaken in
90" liGhr Of this information
despite the efforts which have been
mad" to discredlt the work of the Tariff
Beard. their report on this schedule has
ben accepted with scarcely dissenting
'iIr" hy all those familiar with the prob
i"'u, discussed. including active repre-
snrtatives of ORGANIZATIONS formed in the
interest Of the public and the consumer.
iUportarS and merchants. as well as pro-
Gtccrs and manufacturers. have testified
80 the accuracy and impartiali;y of these
'udings of fact. For tha first time in The
history of American tariffs the opportunity
hd- been afforded of securing IA revision
ua-nd on established facts, independent
hoth of the cS parte statements of in
crested persons and the gliesswork of
rll'ical theorists.
My position has been made perfectly
pain. stand by my pledges to maintain
g" gre" Of protection necessary to offset
'hs difference in cost Of production here
and abroad and will heartily approve
# any hill reducing duties to this level
Bills have been introduced into Congress.
,arriuly framed and based on the find
iug- of the Tariff Board. which. while
loain,aining the principle of protection, Il,
have provided for sweeping reductions
Such bill was presented by the minority
rno'nher- Of the Ways and Means Com
mi'rec. which. while providing protection
20 the wool grower. reduces the duty on
most woods 20 per cent. and the duties
IN manufactures by from 20 TO more than
10 per cent, and gives in many instances
boss net protect ion TO the manufacturer
ihan was granted by the German Wilson
tree wool act OF 1894.
Instead of such a measure OF thorough
and genuin I vision based on full in
formation of the facts and with rates
pror"rlv adjusted TO all the different
sage, of the industry there is now pre-
>on'"d for my approval II. Il. 22l85 an
aot 10 reduce the duties on wool and the
manufactures of wool. n bill identical
with the one which | vetoed in August.
lhi before the representations Of the
farIN Board had been made. The Tariff
Boards report fully and completely
'uslt"s my veto of that date. The amount
If ad valorem duty necessary to Offset
~" difference in the cost OF production
= raw wool here and abroad varies with
"y"ry grade Of wool Consequently an
ad valorem rate of duty ad djusted to meet
tNr difference in the cost of production
Of high priced woods is not protective in
'o~ priced wools. In any case the report
# the Tdrif Board shows that the ad
valorern duty Of 20 per cent. on raw wool
IMPOSED in the bill now subm tied TO me
j. nadaluat" 20 meet this difference in
cos' ~ the case of four -fifths of our total
wool cnp. The disastrous effect upon the
hI'lness Of our farmers engaged in wool
rai-lnG cannot be more clearly stated.
j" maintain the status quo in the wool
growing industry the minimum ad valorem
'a'" h"C"" AIRY, even Tor nlgn GraOe WOOL,
N wears Of high prices would be IS per
cont
h" rate provided in this bill on cloths
" an ,iuds is 80 per cent. The amount
- '"' rro;rction given by this rate, in ad
.Hu 20 proper compensation Tor the
1..' "u wool, depends on the ratio be-
''"n ~" cost of the raw material and the
'''-. "' iaug the cloth. The cost OF the
'' material in woollen and wOrsted
',rA", in general from ~ per cent,
Ton '' yer cent, Of the total value of the
."'f' or-equcntly the net protec-
t'" H!'y wlh wool at 20 per cent would
.fI from - per cent. to H.5 per cent.
i' IN" great majority of cases these rates
'r" nhd"quate to cqialize the difference in
'' ''el ~ manufacture here and abroad
..I. b.. '>r"caliy true of the finest goods
.."' r2 high proportion Of labor cost ,
''H' ~ 'n" striking developments of the
''' foo" y'ar- has been the growth in this
''''rr # fine goods industry. The
'"''" iruyId"d IN this bill. inadequate
"' '.', al" for most of the cloths pro-
'N.'i n''l- country, would make the con-
~. .'.'" her" of the manufacture of fine
''- 81" iup'~sibili,y
I'"r more dangerous in their effects
go 'H" ate, proposed on tops and yarns.
-..r" ih" res Ili of tho first stage in
no '..' .ug Of raw wool into cloth, Yarn
l'' '.-Ili oi the second stage. Taken
OFF. .'"it"u with a rate Of ~ per cent
MI "..la and - per cent on cloth. the rates
poop cent on tops and ~ per cent
Il L.. 4, Il