The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1901-12-03

maliltalil the high level or our present
prosperity. We have now reached the
point in the development of our in
tercsts where we are not only able to
supply our own markets, but to pro-
which we must find markets abroad
TO secure these markets we can util-
iZe existing duties in any ease where
they are no longer needed for the pur-
pose Of protection. or in any case
where the article is not produced here
and the duty is no longer necessary
for revenue, as giving us something to
offer in exchange for what we ask
The cordial relations with other ma
tions which are SO desirable Will nat
urflly be promoted by the course thus
required hy our own interests.
Tie natural line Of development for a
policy II reciprocity will be in connec
tioh with those Of our productions
which no longer require all Of the sup
port once needed To establish them
upon sound basis and with those 9TH
ors where either because Of natural or
y
reach Of successful competition.
ask the attention Of the senate to
,Ae reciprocity treaties laid before it by
~ predecessor.
The Merchant Marine.
Ihe condition Of the American mer
g mi maiine Is such as to call for i'm
ll.el1te remedial action by the con
gus 1t i discrrditable 10 u as a
notion that onr merchant marine
should be utterly insignificant in com
- son 10 that of ether nations which
" riop in other forms If business.
W. ,LouIl not longer submit to condi-
t.ou~ under which only a trifiin- por-
to- of our great commerce is carried
~ ur own ships. To remedy till> state
ol things would not merely -arye =
hGil up our shipping interests, but il
would also result in benefit t. all who
are interested in the permanent estah-
l~hmoht Of a wider market for .ii4,r +
jean products and would provide an
aGA liary force fer the navy. Ships
work for their own countries just aS
railroads work for their terminal
MS Shippin. lines. If established TO
tlt principal countries with which We
tate dealings. would be of political as
Ne.l IL {. numerical benefit. - III cY-
,lt STANDPOINT il i uuWi>e far the
f.ttd Sfate~ To continue ~ rely upon
III. >hq~ e competing nations far ne
Z distribution Of our goods Il should he
made advantageous 70 carry American
laoa~ III American built ships.
At pes 1t American shipping i un-
l.oi certain great di>adranta-e~ wAen
sHt i'm competition with the shipping
ft foreign countries MANY 81 iA last
foreign steamships. al speed II four
teen knots oi above. al subsidized.
anil ali our ships. SAILING lt,~cl> ani
steamers alike. cargo carriers q. slow
speed and mail carriers ~ high speed.
have 10 meet the fact that the ori : nal
cost Of luildin- American ships is
greater than >the case abroad tlat The
WAGES laid American: officers and sea-
men arc wy much higher tlan those
paid tie oti!cor> anl sealnen o. foreign
conpcing Countries ami tie. the
standard of living on oar ships Is far
supporter l. the standard u living an
the ships u eur commercial rivals. our
government should take such aclion a
Mill r,ta,dy tAe~e inequalities. The
American merchant marine should he
restored IL TIE ocean.
Financial
Tlp passage of The act establishing
gold aS the standard money has. j.
declared. been shown To lac timely and
iudleious The president adds:
In many respects the national bank
inc law furnishes sufficient liberty for
tie proper cNcrc>" of tile banking
function. but therp seems To he need
of better SAFEGUARDS against the de
ranging influences OF commercial crises
and financial panic> Moreover. the
currency Of III. country should he