I accordingly recommended the issuance of certificates of indebtedness or bonds against the reclamation fund.
Editor's note · Context
Message to the Congress on Fund for Reclamation of Arid Land
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But there is another, and a very important, reason why the bill ought not to become a law, and that is that in many instances it adopts the principle, rarely permitted in any revenue system, on whatever theory constructed, by which the finished product is made free from duty, and the raw material and the machinery necessary for its production are kept on the dutiable list.
I shall not hesitate to invite the attention of Congress to this fact and to the necessity for action predicated thereon.
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.





