William McKinley actually said...

I have given instructions to the Secretary of the Treasury to examine the subject of the duties and taxes imposed by Spain in the Philippine...

Private property, whether belonging to individuals or corporations, is to be respected, and can be confiscated only as hereafter indicated.

You are therefore instructed to examine the existing Spanish laws in relation to duties and taxes.

The freedom of the people to pursue their accustomed occupations will he abridged only when it may be necessary to do so.