The herds have been reduced to such an extent that the question of profit has become a mere incident, and the controlling question has become one of conservation.
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This would impose a heavy burden on the administrative branch of the Government, create disastrous uncertainty in commercial circles, and lead to a burdensome amount of litigation.
The empirical and haphazard character of this bill is shown more clearly perhaps in the amendment to Schedule A than in any other.
I have always regarded this language as fixing the proper measure of protection at the ascertained difference between the cost of production at home and that abroad.
With a view to receiving the advice and consent of the Senate to the ratification of the treaty, I transmit herewith an authenticated copy of a treaty signed by the plenipotentiaries of the United States and France on August 3, 1911.





