AMERICAN TARIFF

New Zealand Times, Volume XXXIII, Issue 7866, 31 July 1911, Page 5

AMERICAN TARIFF

COMPROMISE IN THE SENATE JXCTY ON WOOL 25 PER CENT. By Tcteffrapli— A wio<rla.tion— Copyright. WASHINGTON , July 28. Tbo Insurgent Itupublicans, uniting ■wi'bh tho Dcmocr;i.te in fcho Senate, carried a compromise on the Wool Bill, placing the raAo at 2-> pc.r cent, on ra.iv wool. 'Clio House of Representatives is Jisinolinod to accept tho compromise, but conferences are expected to rc«nlt in Egroement. It is unknown whether President Taft ivi U veto tho measure, in acoortlanco irrtli his jirovions liints. ’’COALITION SUPPORTS FARMERS’ FREE LIST. PRESIDENT WILL PROBABLY EXERCISE VETO. (Received July 30, 5.5 p.m.) WASHINGTON, July 29. A coalition of Progressive Republicans and Democrats contending for a far-reaching revision of tariffs has declared for the Farmers’ Free List Bill. The Wool Bill, as amended by the compromise, and probably the Cotton Bill, -will bo passed, all • lowering Customs duties. The main intention of tho Farmers’ Free List is to recompense agriculturists for probable loss under Canadian reciprocity. President Taft is pledged to await, ■the report of tho Tariff Board before assenting to new tariff legislation. Consequently tho President is likely to ,bo compelled to veto tho, above measures •which have been passed by the Republican vote.