I was a tariff revisionist and thought that the time had come for a readjustment of the schedules.
Editor's note · Context
Address on the Tariff Law of 1909
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The issue is not now whether we ought originally to have begun this investigation, but it is whether, having expended a very large part of the necessary amount to do the full work, we ought to break it off for lack of a comparatively small additional appropriation.
The bill is so carelessly drawn that it would inevitably lead to the greatest uncertainty as to what articles are or are not covered by its various provisions.
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.
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.





