Show THE TARIFF SITUATION Review of the Whole Measure and of its Significance The tariff law comes out much better than we had dared to but the measure is still somewhat It will be remembered that when the Tariff Bill came before the some of the ablest and most progressive Republicans in that body championed- with great ability and eloquence the cause to which Taft and his party stood They made a gallant fight for the but they were beaten down by Aldrich and his among whom are to be reckoned both the Utah We are sorry that both Smoot and Sutherland showed themselves to be dyed-in-the-wool We expected to see them line up with Taft with able and progressive element of the Republican party from the Middle They allied with New and In so doing they will probably please a majority of the people of many of whom still appear to believe in the ancient but now generally abandoned superstition that the tariff tax the protection of home We have shown that while the tariff taxes might once have meant that or something they now signify only the useless and inequitable transfer of money from the people to the half a loaf is better than no and we are glad that the President prevailed over the Aldrich combination to the What Taft The President asked for free and got for free and got for free but secured only a reduction from to per 1000 for free iron and got ore at 15 enta per ton instead of per ton as under the Dingley for free but coal is taxed at 45 ets instead of 67 per for free rough and got leather taxed at 5 per cent instead of 20 per for free boots and shoes and secured a reduction from 25 per cent to 15 per T J were the complete or partia J tones of the 1 defeats were on the cheaper of hosiery and on cotton mI which show heavy increases 3 Every paper of great m the United States ff praises th bill because of its reduction iBi f either apologizes for or its increase in Several pa pers wearing the party machie E like the publican defend the increases or the failure to and praise the Western Senators for They also hope that the tariff issue in politics will nou be and something else talked These papers favor a tariff so that ins people will not be permitted to ta in the on the tariff 11 How Others View Several views of several of k greater papers are given The New York Tribune holds that in this struggle for i substantial reduction in the taril a contest was being fought Ik between the old order and the- between progress and It President's all firm and patient leadership has to borne fruit in the many material concessions forced from the Sen- But in moral f victory has been even He was combating f-M that special and local should combine to dictate E rates for private recognition of the for a L's concern m paramount TW and for the ent of disputed questions on by the of personal pledges and Ite It was time minister a rebuke to the of and r crushingly administered His higher ideals of party 4 and public obligation have and that win tie way easier for intelli- gt and fair-minded tariff in the Us New York Evening Mail declares that while the has had a hard ilas fought it coolly and bitterness and tat he has not fird on one side or the other lie Hoot dictate schedules in nor did when the clash hesitate to use the power Constitution has put in Be New York flit bill ns it went to t really was a shocking of his solemn Taft has made it less But we do not believe j k President Taft or anybody I be able to convince the i that the bill reported by Conference is a in good faith of the I to the people that party were elected count upon substantial 2 from the tariff burdens of justly J that Taft does not relieve him for the carry- of the promise which he Party to the r of revision was jL 11 s own Around it which was t Cental in forcing his fed to he owes his which the Amer- ask- Tf au must is h mUch better Aldrich but has he fully redeemed the promises he made to the people in the The Wall Street Journal thinks it a pity that the President did not act It argues that he would have been greeted with usual whine about interfering with oblivious of the fact that there never has been a President yet who was not constantly forced to interfere throughout his term of but that he could have forced better The question is out of the way for the but it remains The Dingley Tariff Law stood unchanged for twelve This latest abortion will be lucky if it is not changed in twelve What the New Law A concise summary of the tariff law is given by the New It is a very plain statement of the chief changes that have been made in the taxation of We condense it as Kough reduced from to per Iron reduced from 40 to 15 a Steel 50 pig reduced from to a scrap reduced to Cotton an estimated at about 3 per Wool woolen no important generally amounting to about 20 per in cheaper cotton Dingley rates Agricultural average reduction of about 5 per Bituminous from to 45 cents a Crude Works of art and with heavy reductions in leather and the manufactured products of Wood Print reduced from to a slight Oilcloth and a material Sugar and free admission from the with duties about as they are m the Dingley and an increase of about 15 per cent Window a genera Drawback slightly modified from those of the ley Authorization of a new judicial tribunal composed of a Chief Justice and four Associate legally designated as a United States customs to meet in placed on the free An internal revenue tax on tonnage imposed on foreign-built yachts brought into the waters of the United with an alternative admission to all privileges enjoyed by American-built yachts on the payment of 35 per ad Reciprocal free trade in agricultural The following articles in common use go on the free Ben- crude products of coal cottonseed oil and croton refined petroleum and the products of including kerosene and lubricating the products of and The administrative provisions of the Dingley law substantially Other features of the the first two being especially desired if not actually fathered by the The provision for free trade with hy which all articles grown or manufactured in the islands are to he admitted free of unless they contain foreign materials of more than 20 per of their total A tax of 1 per on the net income of corporations above with an exemption for holding This it is will yield a revenue of from to The authorization of an issue of Panama-Canal bonds for approximately y The adoption of the maximum and minimum features of the Senate The maximum rate is 25 per ad valorem in addition to the general tariff the increase going into effect automatically March In the the bill is fairly not what the President and the party but all they for the time Now let us rejoice until further opportunity for other |