Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1913-10-09
INAUGURATION OF
NEW LAW BRINGS
RUSH OF IMPORTS

Washington, Oct. 6.-With The demo-
cratic tariff law contaminated activity
today was transferred from the halls
of congress to the treasury department
where Secretary McAdoo Assistant
Secretary Hamlin began the Develop
ment of a plan of enforcement. Treas
ury officials declared that the new act
will be the lowest tariff law In h his
tory of h country, with the possible
exception of the Walker tariff of 1915,
and its amendatory tariff Of 1857. With
President Wilson and the congressional
trainers of the law they declared it was
a Competitive tariff" and freely ex-
pressed conviction that business would
be ~invigorated n sustained through
Its operation.
Officials are equally confident that it
would afford the government ample
revenue.
Goods to Pour In.
1t is roughly estimated that $780,
100000 worth OF merchandise, held in
bond soon will be Withdrawn and pay
ment Of duty made under the new law.
Compared with the Payne-Aldrich act
this will mean q loss Of $10,0 0 900 to
maintained that these Withdrawals
would have no perceptible effect on the
business Of the country.
General regulations will be issued
within a few days covering the tariff
as a whole and these will be followed
by specific rules regarding each OF The
intricate schedules.
The most difficult administrative
feature Of the new act is the income
tax provision. This. entirely new Ven
ture will require the work of experts
to draft a workable plan that will in
sure the government receiving it's law
full dues from every taxable citizen.
William Fl. Osborne, commissioner of
internal revenues, today began the task
of formulating as simple a plan as pos
sible.
Speer to Take Helm.
While no official announcement has
been made, it is believed that L.. F.
Of the corporation tax division of the
treasury department, will be appointed
deputy commissioner of internal rev-
enue in immediate charge of the in
come tax.
i Surrounded by the leaders of democ-
racy, President Wilson signed the I'm
derwood-Simmons tariff bill at 500
o'clock last night at the White House.
simultaneously kilograms We're sent to
customs collectors throughout the
country by the treasury department
putting into actual operation the first
democratic tariff revision since 1894.
In impressive silence the president
IA SoSS SSAS' W A>N
temporaneous speech that brought pro-
longed applause. He said that the
Journey of legislative accomplishment
had only been partly completed; that a
great service had been done for the
rank and file of the country; but that
The second step in the emancipation of
business was currency reform. He
earnestly called 1Ioon his colleagues to
20 1.-THE rest of the journey" with fresh
impulse.
Mr.. Wilson's Speech.
Gentlemen, l feel peculiarly pleased"
the president said, 'in what | have
just done by way of taking part in
the completion Of a great piece of
| business. It. is a pleasure which is
very hard to express in words which
| are adequate to express the feeling;
because the feeling that I have is that
we have done the rank n file Of the
| people of this country a great service.
It is hard to speak Of these things
without seeming to go off into cam
paign eloquence, but that is not my
feeling. 1t is n very p~rofound-a
| feeling of profound grasitude-that,
working with the splendid men who
have carried this thing through with
studious attention and doing Justice
all around, l should have had a part
as we nave been striving to serve
them ever since I can remember.
Il have had the accomplishment of
something like this at heart ever, since
/ was a boy, and l know men stand
ing around me who can say the same
things done which it was necessary to
do in order that there might be justice
iii the United States.
Journey Half Completed.
"And so it Is a solemn moment that
brings such a business to a conclusion,
and I hoop / will not be thought to be
demanding too much Of myself or my
colleagues when 1 say that this, great
as it is, is the accomplishment of only
half the Journey. We have set the
business of this country free from
those conditions which have made mo
nopoly not only possible, but in q sense
easy and natural. But there is no use
taking away the conditions of monop-
oily If we do not take away also the
power to create monopoly, and that is
a %Sfinancial, rather than a mere com
mercial, economic power.
The power to control INT guide
and direct the credits of the country
is the power to say who shall and
who shall not build np the industries
of the country, in which direction they
shall not be built. We are now about
to take the second step which will be
the final step in setting the business
of his country free. That is what we
snail 90 IN tHe CuIlsiiSy Jill wiiicI iliS
House has already passed and which
have the utmost confidence the Senate
win PASS much sooner than some pes
simistic individuals believe"
Leaders Pledge Support.
The small but distinguished audience
that heard the presidents speech
crowded about him afterward with con
gratulations. Leading figures in the
democratic party-Speaker Clark, Sec
rotary Bryan. Representative Under
FATHER CoNFEsSES He