Show I I As to Tariff Legislation 1 I S SENATORS S SMOOT and Penrose apparently O Jo do not agree as to the probability o w 1 tariff l leg lc- legislation during Juring the coming session of Congress SS in inasmuch inasmuch inasmuch in- in as Senator Penrose is chairman of the tue fi finance finance Ii- Ii nance committee of the time Senate and Senator Smoot Smoot- is an influential member of or that lint committee their opinions divergent as they are are arc being heing widely quoted in the east Senator Smoot Smoot- said recently So No doubt the tariff board has hus re ready h to submit to the President Its report on Oil the wool and cotton cotton cotton cot cot- ton schedules and I J am sure the time l President will recommend to Conr Congress s the revision of these two schedules in accordance with tho the recommendations of ot the board I look for tor some reductions mid land if thc they can n be made without materially crippling crippling- our own industries or reducing the standard of living of or our laboring laborIn men I have no objection hiat t IU the time business Interests of or this country countr need Is definite and final action on the tariff tar tar- iff Ut question The present nt a agitation and anti unrest unrest un un- rest arc deadly to tho tim manufacturer and antI to business of or all nil kinds My Iy opinion is that the tho session will vilh not conic ome to a close dose without some somo sort of tariff legislation and amI I believe o the Insurgent Insurgent gent nt Republicans will m unite tc with the thc regular Re Re- Republicans publicans on n some somo of or the tho I rates recommended by he he tariff Aboard board Senator Penrose however takes a different view vie of the matt matter r. r After he had hind read what Senator Smoot said the Pennsylvania Pennsyl senator issued the time follow following following fol fol- fol- fol low lowing ng statement I hate hac not been cit in the tIac closest touch with matters mimE mat In lit Washington during the thie past few rew days has but limit in DI my m opinion it is Improbable that there here will be an any further tariff legislation until after anCI 1012 1912 Tho The report of r the tariff board will not bo made until late Into iu lu December or 01 in Iii January After that it would be lie necessary nry to frame a bill that would be agreed to by 11 the time Democrats In the House and anti the Republicans In Iii the time Senate It ItI must also bo be a bill that the President would I sign In view yiew of or the Presidents President's belief that there should be a i revision of f the cotton and wool schedules 5 as soon as the tariff board is ready to report upon them it would seem that the Utah senator is the lH best st prophet in in that regard The Tue President enL is committed committed com coin to a revision of the wool schedule if the time facts in in th the report of f the tariff board would show it to be be advisable In In- Inthe the event ment however that the thc tariff board bard should hould show the thc present wool schedule to be pr proper ver it t probably would stand But the present pres pres- I eat ent session sessIon will not close se without tariff legislation |