Presidents -- United States -- Messages; United States -- Politics and government -- Sources
One way in which the readjustment sought can be reached is by
reciprocity treaties. It is greatly to be desired that such treaties
may be adopted. They can be used to widen our markets and to give a
greater field for the activities of our producers on the one hand, and
on the other hand to secure in practical shape the lowering of duties
when they are no longer needed for protection among our own people, or
when the minimum of damage done may be disregarded for the sake of the
maximum of good accomplished. If it prove impossible to ratify the
pending treaties, and if there seem to be no warrant for the endeavor
to execute others, or to amend the pending treaties so that they can be
ratified, then the same end--to secure reciprocity--should be met by
direct legislation.
Wherever the tariff conditions are such that a needed change can not
with advantage be made by the application of the reciprocity idea, then
it can be made outright by a lowering of duties on a given product. If
possible, such change should be made only after the fullest
consideration by practical experts, who should approach the subject
from a business standpoint, having in view both the particular
interests affected and the commercial well-being of the people as a
whole. The machinery for providing such careful investigation can
readily be supplied. The executive department has already at its
disposal methods of collecting facts and figures; and if the Congress
desires additional consideration to that which will be given the
subject by its own committees, then a commission of business experts
can be appointed whose duty it should be to recommend action by the
Congress after a deliberate and scientific examination of the various
schedules as they are affected by the changed and changing conditions.
The unhurried and unbiased report of this commission would show what
changes should be made in the various schedules, and how far these
changes could go without also changing the great prosperity which this
country is now enjoying, or upsetting its fixed economic policy.
The cases in which the tariff can produce a monopoly are so few as to
constitute an inconsiderable factor in the question; but of course if
in any case it be found that a given rate of duty does promote a
monopoly which works ill, no protectionist would object to such
reduction of the duty as would equalize competition.
In my judgment, the tariff on anthracite coal should be removed, and
anthracite put actually, where it now is nominally, on the free list.
This would have no effect at all save in crises; but in crises it might
be of service to the people.
Public-domain text, read in full here on John Shaqi.
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