The daily banner., 1913-04-15
NO
SAYS WILSON
Declares Tariff Revision Will
Cause No Upset.
SEES END OF PRICE FIXING
Does Not Expect Immediate Reduction
In Cost of Living, But Consumer
Will Eventually Benefit.

Washington, April 15. - President
Wilson's views on the probable effects
of the enactment of the pending taIiH
bill were obtained for the first time.
The president does not expect that
the revision will Immediately result
in a general reduction in the cost OF
living.
In making his position known Mr..
Wilson reminded his visitors that he
had been careful to say in the cam
paign that he did not expect the new
tariff law to effect Immediately the
reduction of the cost of living, but
what he did confidently expect was
that it would bring about situation
from which the desired price reduc-
tions eventually will result.
The president attributes the existing
high cost of living chiefly to an artifi-
cial situation, in which prices are kept
up by arrangement among producers
and corporations dealing in the neces-
saries of life. He considers that these
arrangements will become impossible
when a truly competitive situation is
created by the Underwood-Simmons
BILL
The benefit from the sugar sched-
ule he thinks should result very
promptly for the reason that the COM
petitive elements in the sugar trade,
as he is Informed, are already prepar-
ed to contest with one another.
The president has received many
confidential reports from his friends
with regard to the attitude of the pub
lie toward the bill now before the
house. From these he is convinced
that the house measure is considered
"fair BILL" and he has been encour-
aged into believing that its reception
has been very much better than might
have been anticipated.
Of course, reports have reached him
of the strong disaproval of interests
which are affected by the reduced
rates, but the president maintains the
belief that on all sides the bill is re-
garded as a better bill than has been
expected.
Personally the president can see no
reason why any business depression
should follow the passage of the pend
ing bill He feels convinced that any
healthy business should be able to
continue without interruption, for he
does not believe there is a single
schedule in the bill where healthy
business has been "cut to the bone"
Mr.. Wilson is not seriously alarmed
by the criticisms which have been
made of the bill by affected interests
however legitimate their concern in
the rates may be. He does not believe
that a single cut provided for in the
pending measure is ruinous for the in
dustry involved.
The president does not except the
sugar schedule from this generaliza.
tion upon the bill. He has investigated
the claim of the Ohio Democratic rep
resentatives that the removal of the
duty on wool will be ruinous to the
wooden industry, but has concluded
from the fact that the price OF wool Is
the same in this country and abroad
that the contention is not we'll found
ed.
The same opinion on Mr.. Wilson's
part extends to the sugar industry. He
believes all sugar factories can oper-
ate under a free sugar law. That some
of the sugar factories may shut down
he regards as entirely possible, but
he believes such action, if taken. will
be for effect and with the full inten
ton on the part of the owners to open
for business later on. He would view
such shutting down of sugar factories
with fortitude.