Every one must admit the wisdom of providing for the payment of the canal expenditure by bonds.
Editor's note · Context
Address at the Banquet of the Board of Trade in Newark, New Jersey
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The danger is not so much that the class of users in whose favor the classification purports to be made will receive more benefit than the framers of the law may have intended, but it is that many who do not belong to the class intended to be favored will import articles suitable for the prescribed use under the general terms of the statute, but will use them for other and general purposes.
The empirical and haphazard character of this bill is shown more clearly perhaps in the amendment to Schedule A than in any other.
The matter is therefore submitted to the Congress in accordance with the recommendation of the Acting Secretary of State, with a view to its considering whether the President shall be authorized to relinquish to Cuba all right and claim of right of the United States to these wrecks.
Nothing, however, halts business and interferes with the course of prosperity so much as the threatened revision of the tariff.





