The bug-a-boo will get you if you don’t take this
William H. Taft offers a spoonful of “Square Revision” to an over-sized child labeled “Infant Industries,” telling her that if she does not take the medicine, the “Free Trade” bug-a-boo will get her. Hanging on the wall above is a sign that states, “An ounce of revision is worth a pound of cure.”
Comments and Context
The advice of President-Elect William H. Taft to American monopolies — that a reasonable downward revision of tariff duties on imported goods would forestall the more radical adoption of free trade or virtual abolition of tariffs — was never tested. When the sixty-first Congress took its seats in March of 1909 it immediately set about a severe increase in duties. This was not expected by the electorate, generally, nor by Taft, who bore much of the criticism.