It is thought that there has
been such a change in conditions since the enactment of the Dingley Act,
drafted on a similarly protective principle, that the measure of the
tariff above stated will permit the reduction of rates in certain
schedules and will require the advancement of few, if any.
The proposal to revise the tariff made in such an authoritative way as
to lead the business community to count upon it necessarily halts all
those branches of business directly affected; and as these are most
important, it disturbs the whole business of the country. It is
imperatively necessary, therefore, that a tariff bill be drawn in good
faith in accordance with promises made before the election by the party
in power, and as promptly passed as due consideration will permit. It is
not that the tariff is more important in the long run than the
perfecting of the reforms in respect to antitrust legislation and
interstate commerce regulation, but the need for action when the
revision of the tariff has been determined upon is more immediate to
avoid embarrassment of business. To secure the needed speed in the
passage of the tariff bill, it would seem wise to attempt no other
legislation at the extra session. I venture this as a suggestion only,
for the course to be taken by Congress, upon the call of the Executive,
is wholly within its discretion.
In the mailing of a tariff bill the prime motive is taxation and the
securing thereby of a revenue.
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