New-York tribune., 1921-03-04
Vote 10 Override Is 2O1 to
l32; This Is No Time
to Erect Trade Bar
riers, President Says
No Short Way Out
OF Price Situation
Measure Denounced as Re-
vivification of Schedules
of Payne-Aldrich Law

WASHINGTON, March 4.--The Ford
ney emergency tariff bill was vetoed
late yesterday by President Wilson in a
message which declared that "this is
no time for the erection here of high
trade BARRIERS" and that the measure
would not furnish in any substantial
degree the relief sought by the pro-
ducers of most Of the staple commod.
ties which it covers"
Efforts to override the President's s
veto failed in the House early this
morning, and the measure, originally
intended to aid the farmers, thereby
met its death
The vote on the motion to pass the
measure over the Presidents veto was
POI for and 1872 against. This was
twenty-one votes less than the neces-
sary two o-thirds
"The situation in which many of the
farmers Of the country find themselves
cannot be remedied by measure Of
this sort" the President said in his
message. There is no short way out
of existing conditions" he added, "and
measures of this sort can only have
the effect of deceiving the farmers an 4
of raising false hopes among them
The farmer needs better system Of
domestic marketing and credit, he
said, "but especially larger foreign
markets for his surplus products
Clearly measures Of this sort" ne con-
tinued, will not conduce to an eN-
pansion of the foreign market
The President said the measure
"has only slight interest so far as its
prospective revenue yields are con
cerned," and declared that the rates
established in the bill "either equal
Payne -Aldrich act, in which the prin-
ciple of protection reached its high
water mark and the enactment Of
which was followed by an effective ex-
hibition OF protest on the part Of the
ma ajority of the American people"
~ do not believe" the President
said, that the sober judgment of the
masses Of the people of the nation
or even of the special class whose in
terests are Immediately affected by
this measure, will sanction a return
especially in view of conditions which
lend even less justification for such
action, to policy of legislation fol-
selfish interests which will foste,
monopoly and increase the disposition
to look upon the government as an in
strument for private gain instead OF
an instrument for the promotion Of tn
general wellbeing.
Text of Veto Message
The text of President Wilson's veto
follows:
"The title of this measure indicates
that it has several purposes. The re-
port of the Committee on Ways and
Means reveals that its principal OBJ
Ject is to furnish relief to certain pro
ducers in the nation who have been un-
able to discover satisfactory markets
in foreign countries for their products
and whose prices have fallen. Very
little reflection would lead any one tc
conclude that the measure would moi
furnish in any substantial degree The
relief sought by the producers Of most
of the staple commodities which il
covers. This nation has been for very
many years large exporter of agri.
cultural products. For nearly a gen
Grafton before it entered the European
war its exports exceeded its imports
OF agricultural commodities by from
approximately $2O0,OO00OO to more
than $500,Ooo,2O0
"1n recent years this excess ha:
greatly increased, and in 1919 reached
she huge total Of $1,000, 1892 900. The
excess of exports of staple products is
especially marked. In 1913 the natior
imported 783, ,4S1 bushels of wheat val
Ned at $670931 and in 1920, So 848 ,64S
bushels worth S75,398, 1884, while it ex
ported in 1913 90 sos. 1868 bushels wortf
$95 O9S,838, and in 1920, 21S, S,290 ,23,
bushels valued at s596,957 ,796. In the
year 1913 it imported 815 1873 barrel!
of wheat flour valued at S347.377, ant
in 1920, 800788 barrels valued at $S8,
669,300, while it exported in the frs
year 12,278,206 barrels valued at $56,
665,444, and in 1929 19,853,95 bar.
rels valued at $224,472,448. In 1915
it imported $3,88S,6O4 worth O
corn, and in 1920, $9,257,377 worth
while its exports in the irs
wear were valued at S26,515 .146, and il
1920 at 6,453.681. OF unmanufacturet
cotton in 1920 it imported approx
mately 800, 100000 pounds, valued a
S13S ,743, 900, while it exported NOR,
than 3.179,00Q000 pounds, worth owe
Sl,136, 100000. Of preserved milk. il
.he same year, it imported So 331 81.
worth and exported $65,239, ,020 worth
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