The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1913-10-10
SAYS TASK ONLY
HALF COMPLETED.
Wilson Signs the Tariff Bill and
Makes Remarkable Speech
Refers TO Currency.

Declares Its Enactment VIII Be the
Final Step In Setting the Business
of This Country Free - Immensely
Pleased With Passage Of Tariff Bill
and Says There's Glory Enough to
Go Around.
Washington, Oct. 4.-Surrounded by
| he leaders of Democracy, President
Wilson last night signed the Under
wood-Simmons tariff bill at the White
House. simultaneously, kilograms
we're sent to customs collectors
throughout the country by the treas.
ury department, putting into actual
operation the first Democratic tariff
| revision since 1894.
After signing the bill the president
spoke as follows
81 have had the accomplishment of
something like this at heart ever
since | was a boy, and ! know men
standing around me who can say the
same thing-who have been waiting
to see the things done which it was
necessary to do in order that there
might be justice in the United States
And so it is a solemn moment that
brings such a business to a conclu-
sion, and hope l will not be thought
to be demanding too much of myself
or of my colleagues when l say that
this, great as it is, is the accomplish
ment of only half the journey. We
have set the business of this country
free from those conditions which have
made monopoly not only possible, but
in a sense easy and natural. But
there is no use taking away the con-
ditions OF monopoly if we do not take
away also the power to create mo-
nopoly; and that is a financial, rather
than a merely circumstantial and eco.
nomic power. The power to control
and guide and direct the credits of
the country is the power to say who
shall and who shall not build up the
industries of the country.
1--WE are now about to take the sec
ond step, which will be the final step
in setting the business of this country
free. That is what we shall do in the
currency bill, which the house has al.
ready passed and which | have the ut
most confidence the senate will pass
much sooner than some pessimistic
individuals believe.
81 was quoting the other day to
some of my colleagues in the senate
these lines from Shakespeare's Henry
" which have always appealed to me,
If it be sin to covet honor, then l
am the most offending soul alive and
am happy to say that l do not covet
it for myself alone. I covet it with
equal ardor for the men who are asso-
going to come from them. 1 am their |
associate. I can only complete the
work which they do"
Tariff experts in congress are be-
ginning already to warn the public |
that too much must not be expected |
of the new law at once. Chairman I'm |
derwood of the ways and means COM
mittee said it would be many months |
before the reductions promised might |
be felt. 1T is only competition caused |
by the new law that is going to reduce
prices" said Mr.. Underwood. Goods
that merchants have now in stock
were bought under the old high tariff
and until these goods are sold out the
will not accept the basis
made by the new law. 1t will be sew
eral months before the effect of the
new law on commodities is felt and in
many cases it will he a year"
Treasury officials estimated roughly
that about $1O0,OOO,OOO of foreign
held in bond or held as
cargoes awaiting the signing of the
new tariff law began to be unloaded
Tor appraisement at the reduced rates
of duty. This means loss in revenue
IN this aggregate of about $10,OO0,O00,
Is compared with what would have
leen derived under the Payne-Aldrich
aw.