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Show WOOL BILL IS VETOED Measure Reducing Wool Tariff Objectionable : to the President J i Washington, Aug. 9. For the sec- 'I ond time within a year President Taft 3 today vetoed a bill to revise the wool I tariff "Schedule K" of the Payne- : Aldrich law. it The president returned to congress a the bill evolved as a compromise boil bo-il twecn the house and senate, holding jt tthat its low rates would bring disas- ter to home industry. He appealed To ft congress, however, not to adjourn un-,1 un-,1 til It had enacted a measure to "sub-7 "sub-7 ' stantially reduce unnecessary existing i duties" without destroying protection it for the wool Industry in the United : iStates. !' r The president's disapproval of the wool bill is to be followed with sim-. sim-. ! liar vetoes of the steel bill and the cotton bill. The sugar bill was likely ' to be vetoed, as is the excise tax bill; the latter probably on the ground that I the president believes it unconstltu-1 unconstltu-1 ' tlonal. "I stand by my pledges to maintain 1 a. degree of protection to offset the h difference in cost of production here s and abroad, and will heartily approve I any bill reducing duties to this level," I wrote Mr Taft I While the present bill and the ono 11 disapproved last year were identical ff in terms, the president's reasons dif-' dif-' fered He vetoed the former because it had been framed before the tariff board's report the latter because he said it had been framed with disregard disre-gard for the board's findings. "Most of the rates In the submitted submit-ted bill." wrote the president, "are so low in themselves that if enacted Into law the inevitable result would be Irretrievable Ir-retrievable injury to the wool growing 1 Industry, the enforced idleness of rauoh of our wool combing and spinning spin-ning machinery and of thousands of loomE and the consequcr throwing I out of employment of tlu -ands of workmon ' The bill sent to the White Houpc ! imposed an ad valorem duty of 29 per cent on raw wool and on clothes ol 19 pr copt. Both rates Mr. Taft held were insurflcient to protect the wool grower and the manufacturer. Oyer -President's Head. ; It was said todaj the wool bill might T be paseed by the house over Mr. Taft's w "veto. -but there was some doubt as lo I its fate In the benate. Republican leaders were inclined to believe that i it would fail of passp.se there as it 1 did 12 months ago. ' 1 ue president de'' ' ': his mes sage that he was ani' J see schedule sched-ule "K" revised do ,'d and that he would be glad to r-c-e congress remain re-main In Washington until a bill he ' could consider proper was presented ' ; to the White House He found it im-, im-, possible, he said, in iew of the platform plat-form on which he was elected, to approve ap-prove the submitted measure, but declared de-clared one acreeable to his views had ; been drafted by minority-members of the house ways and means committee. commit-tee. "1 strongly desire to redur duties." 'i lead the message, "urovjdr 'h the 6 protective system be main anj that industries now establish-1 be not destroyed It now appears om the tt tariff -Jjoard s report and I cm bills i introduced into the house c I senate B that a bill may be drawn to be within jl the requirements of protection and I still offer a reduction of 20 per cent r on most wools and from 5 per cent to 3 50 per cent on clothes. I cannot act on the assumption that a majority of 3 either will refuse to pass a bill of this I kind I therefore urge upon congr'i i that it do not adjourn without tatting $ adautage of the plain opportunity :j thus substantially to reduce unneces-; unneces-; ' aary existing duties. I therefore appeal ap-peal to congress to act again upon i i measure which I now return without J raj approval and adopt a substitute 1 therefor, making substantial reductions reduc-tions below the rates of the present act, which the tariff board shows pos-alble, pos-alble, w Ithout destroying any established estab-lished industry, or throwing any wage earners out of employment and whih. 1 will promptl approve '"Despite the efforts thai have been , ,-. made to discredit the work of the tariff tar-iff board their report on this schedulo j has been accepted with scarcely a dls- S tenting voice. b all those familiar with the problems discussed, including I l active representatives of organizations jj '. formed in the interest of the public i ; and the consumer." a I ! The message vias drawn after con- ci ferpnees between the president and I . Hhairman Rmery of the tariff board. ijsf M vas submitled to the cabinet yes-l yes-l ? lerday at a secial meeting. Reports e Ijk that two members of the presidents o j- official family urged him to approve t this measure weie denied. |