It is not that the tariff is more important in the long run than the perfecting of the reforms in respect to antitrust legislation and interstate commerce regulation, but the need for action when the revision of the tariff has been determined upon is more immediate to avoid embarrassment of business. If we wish to erect new structures, we must have a definite knowledge of the old foundations. The Laocoon interested me very much when I read it. He chronicled with patience what he saw, detaching himself from it and tasting its mortifying flavour in secret.
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