The Bridgeport evening farmer., 1912-08-09
TAFT VETOES
 WOOL BILL
Assigns as Reason That It Was Not Drafted From Tariff
 Boards Recommendations

E |. F4
 Washingtou Aug sgs-Weto of the
 Wool Tariff bill was emphatically ex-
 pressed by President Taft in a special
 message to Congress today, appealing
 to the legislators that they do not ad-
 journ without taking advantage of
 the plain opportunity, subetantiaiIy to
 reduce duties by framing a protective
 bill along the lines recommended by the tariG board. .a That the La Toilette bin was not drafted from the boards fecommefid- ations and would result in "irretriEv- able injury to the wool growing in daaH- try, the enforced idlEnees Of much of our wool coInhing and eptnning ma chinery and Of th0usands of looms, and the consequent throwing out of employment of thousands of work mem was asserted by the President as the specific reason why he refused to approve the measure.
 My position is perfectly plain, . the President declared. T shall stand by my pledges to maintain 8 degree of protection necessary to offset the diff ference in cost of production here and abroad, and will heartily approve ot any bill reducing duties to this level.' 1 His veto of an exactly similar wool l bill last summer, the President said,
 .shad been completely justified by the tariff board.
 The minimum ad valorem duty of g l per cent. on raw wool in the bill was l inadequate for protection, Taft assert l ed. It should be at least B per cent. according to the tariff board.
 The average of from 28 to 34 per cent. duty on cloths of all kinds he said was also sufficient.
 Impossible of justification" was the N AT1<i <ines l tops and yarns, when taken in con nection with the raw wool and cloth | duties.
 ''In view of these facts, in view ot 1 the platform upon which was elect 1 ed, in view of my promise to follow
 and maintain the protective policy. nc course is open to me but to withhold my approval from this bill,' the mes sage concluded "I am very much dis l appointed that such a bill is second I time presented to me. have inferred | from the speeches made in both House | and Senate that members of the ma 1 jority in both houses are deeply 1m- pressed with the necessity of reducing l the tariff under the present act on wool and woolens; that they do not I propose to stand on the question o1 l the amount, of protection or to insist l satisfy the principle of tarin for rev. enue only, but that they are willing ! to accept a substantial reduction in present rates in order that the people might be relieved from the possibility of oppressive prices due to excessive Il rates.
 l s.I strongly desire to reduce duties provided only the protective system be l maintained, and that industries now l established be not destroyed" the mes sage continued 'sIt now appears from l the tariff boards report and from bills which have been introduced, that a l bill may be drawn so as to be within I the requirements of protection and I stil offer reduction of 20 per cent. on l most wool and of from 25 to 50 per l cent on cloths I cannot act on the assumption that the controlling ma I jority in either house will refuse tc pass bil of this kind, if in fact Il
 accompiishes so substantial redu- | ton, merely because members of the ! opposing party and the executive unite | in it's approval.
 ''I appeal to Congress to reconsider | the measure-and to adopt substl- ute making substantial reductions 1 which the tariff board shows possible without destroying any established in dLstry, or throwing any wage earners out of employment, and which I will promptly approve" N