Pueblo chieftain., 1921-03-04

ure of this Sort" and that there
tions." -.
Actual relief for the farmers. the
from the adoption of constructive mea-
sures of broader scope. from the re-
storation of peace everywhere in the
world, the resumption of normal indus
trial pursuits the recovery particularly
of Europe and the discovery there of
additional credit foundation.
The American farmer. the president
asserted, needed in the present situa-
ton a better system of domestic mar
foreign markets rather than any pro-
lection from foreign products as laid
down in the tariff bill.
The president remarked that it was
not little singular that measure
which strikes blow at our foreign
trade should follow so closely upon
the action of congress directing the re-
sumption of certain activities of the
war finance corpora ton. especially the
urgent insistence of representatives of
the farming interests who believe its
resumption would improve foreign
marketing"
After the veto measure had been
read. the house agreed to take up the
veto at o'clock tonight.
TEXT OF VETO
The text of President Wilson'S veto
of the Fordney emergency tariff bill
follows:
The house OF representatives:
II return herewith without my ap-
porarY-- dRtiea- n--cerfaiu1 iu1Aaxic;aaltnral
Products to meet present emergencies
to provide revenue and for other pur-
poses.
THE tito OF this measure indicates
1t has several purposes. The report
reveals that its principal object is to
furnish relief to certain producers in
the nation who have been unable to
discover satisfactory markets in for
cign countries for their products and
whose prices have fallen. Very little
reflection would lead any one to con-
cludc that the measure would not fur
nish in any substantial degree the re-
lief sought by the producers of most
of tho staple commodities which It
covers. This nation has been for many
years n large exporter of agricultural
products. For nearly n generation be-
fore 1t entered the Eurogean war its
exports exceeded its imports of agri-
cultural commodities by from approx
imatcly s2Oo,0oo.oo0 to more than $780,
co.ooo. In recent years this excess has
greatly increased and i'm 1919 reached
tho huge total of 3l.ooi, ,2920oo. The
exccss of exports OF staple products Is
especially marked. In 1913 tho nation
imported 7s3.4Sl bushels OF wheat val
ued at ss70.93l and In 1920. 35.sts. GAS
bushels worth s75.39s.s .s3i: while 1t cx-
ported in 1918, %. sos, ,96S bushels worth
so5.o9S .s3S. and in 1920. $3.50, ,2S1 bushels
valued at 1886, ,o5I.196.
IMPORTS
I'm tho year 1918. it imported s5.ls3
barrels of wheat flour valued at S5lI,-
ST1 and in 1920, S00.isS barrels valued at
s. $50. 800: while It exported in the first
year l2.27S. .206 barrels valued at $780,
Ss5.iIi and in 1920. 10 $50. .y52 barrels VAL
ued at 1924, ,i72,iis. In 1918, 1t imported
SESSION worth OF corn and in 1920.
s9.25L37T worth, while its exports in
the first year were valued at s2s. .5l5. I&5,
and in 1920 at s26, i536Sl. OF unman-
ufacturcd cotton in 1870 II imported APP
proNimntcly 3oo,0 900 pounds valued ut
<l3s. 900 while II exported more than
3l7a. 100000 pounds worth over Si.135.-
oc0. coo. or preserved milk. in the same
year It imported y3,3S1,sl worth and
exported s65, 2as.02O worth. Its imports
in the same year OF sugar and wool of
course greatly exceed its exports
'1t Is obvious that for the commod-
itios. except sugar and wool mentioned
In the measure which make up the
greater part of our agricultural inter
national trade. the imports can have
little or no effect on the prices of tho
products. This is strikingly
true OF such commodities as wheat and
corn. Tho imports of wheat have come
mainly from Canada and Argentina