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Thayer, William Roscoe, 1859-1923

"Theodore Roosevelt; an Intimate Biography"

Roosevelt had plunged into the fray with the
enthusiasm of a Crusader. Taft followed him from afar, but
without feeling the Crusader's consecration or his terrible
sincerity. And during the first six months of his Administration,
President Taft had unwittingly given the country the measure of
himself.
The Republican platform adopted at Chicago declared
"unequivocally for a revision of the tariff by a special session
of Congress, immediately following the inauguration of the next
President .... In all tariff legislation the true principle of
protection is best maintained by the imposition of such duties as
will equal the difference between the cost of production at home
and abroad, together with a reasonable profit to American
industries. We favor the establishment of maximum and minimum
rates to be administered by the President under limitations fixed
in the law, the maximum to be available to meet discriminations
by foreign countries against American goods entering their
markets, and the minimum to represent the normal measure of
protection at home.


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