Jasper County Democrat, Volume 14, Number 34, Rensselaer, Jasper County, 19 August 1911 — WOOL BILL IS NIPPED IN BUD [ARTICLE]

WOOL BILL IS NIPPED IN BUD

President Vetoes It in Special Message to Mouse. LACKS INFORMATION UPON IT Indication la Clear That Preaident Taft Will Veto Every Tariff Bill That Comes To Him Before December. ————— Washington, Aug. 18.—A special message vetoing the wool bill enacted through the Democratic-insurgent combination waa sent to the house of representatives by President Taft. The president, as has generally been predicted, vetoed the bill on the ground that he has no scientific information on which to act. The president indicated clearly enough that he will veto every tariff? bill sent to him in advance of a report by the tariff board. His message ought to help clear the situation in congress. The pres’dent said in his message: “I was elected to the presidency as the candidate of a party which in its platform declared its aim and purpose to be to maintain a protective tariff by ‘the imposition of such duties as will equal the difference between the cost of production at home and abroad, together with a reasonable profit to American industries.* I have always remembered this language as fixing the proper measure of protection at the ascertained difference between the cost of production at home and that abroad, and have construed the reference to the profit of American industries as intended not to add a new element to the measure stated or to exclude from cost of production abroad the element of a manufacturer’s or producer’s profit but only to emphasize the importance of including in the American cost a manufacturer’s or producer’s profit reasonable according to the American standard.”

The president reviews the history of the movement for the creation of the tariff board: “In order to show that the real advance and reform in tariff making are to be found in the acquiring of accurate and impartial information as to the effect of the p. o posed tariff changes under er.ch schedule before they are adopted and further to show that if delay in the passage of a bill to amend schedule K can be had until December, congress will then be in possession of a full and satisfactory report upon the whole schedule.” The president says: “If ever there was a schedule that needed consideration and investigation and elaborate explanation by experts befo.e its amendment, it is schedule K.”