On the recordSeptember 16, 1909
I pointed out the difficulty that there always was in a revision of the tariff, due to the threatened disturbance of industries to be affected and the suspension of business.
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presidency.ucsb.eduI pointed out the difficulty that there always was in a revision of the tariff, due to the threatened disturbance of industries to be affected and the suspension of business.
Address on the Tariff Law of 1909
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The truth is that the language of the act is so ambiguous and possibly all-embracing that it is impracticable for the Treasury Department to give an exact estimate as to the diminution in revenue which will follow its passage.
Provided, That nothing herein shall affect any valid existing rights of any person
The statute can be easily amended to include the evil I have described.