Wadsworth semi-weekly dispatch. [volume] (Wadsworth, Nev.) 1899-1904, 1899-10-25

my judgment, by domestic legislation
inside oil the tariff wall, maintaining for
American labor and American capital
the practical monopoly OF American
markets, and at the same time some re-
straint upon capital should lie had so as
to prevent it from depressing labor on
the one side and'the consumer uIon the
other.
Mr.. Newlands here repeats the argu-
ments presented in his letter to the Chi.
cago conference on trusts, and adds:
OF VIEWS.
l fear that | have been somewhat diff
fusive in presenting my views, and | beg
your indulgence whilst | summarize
them.
First-The Democratic party is the
party of the people. 1t must win by
sustaining the interests OF the laboring
masses against the encroachments of
wealth. The labor vote oil the country
is absolutely essential to its success.
That vote is against the Importation OF
cheap foreign laborers. 1t is also against
the unrestrained Importation Of the pro-
ducts of cheap foreign labor. Protec-
ton, therefore, is an essential part Of
the Democratic doctrine, and any read
justment of the tariff with the bitter
experience Of the past few years, will
arouse the alarm and hostility OF labor.
~Second-The lowering of the tariff
wall as to commodities produced by do
mestic trusts will PROSTATE NOT only the
capital employed in euch trusts but the
labor employed by them as well. Such
legislation would simply substitute the
monopoly OF u foreign trust for the mon
opoly of a domestic trust, and as between
the two the latter should be favored be-
cause 1t employs domestic labor.
Third-Our legislation must be entire
ly within the tariff wall, and must be
directed in such a way as to restrain
wealth and protect labor. Both mean
the advancement OF the man instead OF
the dollar. This cannot be accomplished
by state legislation as the cooperation
OF the states. must be voluntary, and it
is impossible to believe that all will CO..
operate. The refusal Of a single state
to cooperate would destroy the e~ticien-
cy Of the proposed cooperation.
FoURrH-The legislation must be Fed
eral and as far reaching as the country
itself. The interstate commerce section
of the Constitution will not permit OF
far reaching legislation-the Federal
taxing power will. This power can be
used either to destroy or limit and re-
strain. The power oil limitation and
restraint should be exercised first. Its
effect Will he beneficial in two directions:
1t will place upon corporate wealth its
proper proportion OF the burdens OF gov
eminent, and it will SO handicap corpor-
atoms in their operation as to give indi-
viduals engaged in similar enterprises a
chance. Publicity as to the affairs OF
corporations is essential. A STATISTICAL
bureau will accumulate in a short time
such facts as in themselves will suggest
simple remedies through taxation.
BUILD NO ARROW PLATFoRM
Would it be too much Il ask you TO
present these views to the convention
OF governors and attorneys general as
sembled at st. Louis? | know the in
fiuenee that your deliberation and con-
clusion will have upon the national plat
form OF the Democratic party, and l Am
anxious that that platform should be so
framed as that all the friends of none
tary reform and industrial reform can
stand upon it. The Gold Democrats
have left the Democratic party never to
return. Their place must be filled by
Silver Republicans and Populists whose
views as 10 the tariff differ from those
recently entertained by the Democratic
party. 1t is time that the Democratic
party should absolutely repudiate the
doctrine of Cleveland and return to the
doctrine OF Jefferson upon this question.
By go doing, 1t will place itself in line
With the industrial masses whose pros
perity it seeks to promote.
Very sincerely yours,
FRANCIS q. NEwLANps.