The Red Cloud chief., 1901-12-06

cnce In the past has shown that sweepin1
rcyisious of the tsrif are apt TO produrg
conditi ms closely approaching panic I'm thf
business world. Yet II ~ not only possible
but cmlnentiy desirable. to combine with the
STABILITY or otN economic system % supple
mentaty system OF reciprocal bene1t and obi.
cation with other nations. Such reciprocity
y an Incident and result OF the firm cstsb-
lishment aud preservation Of our present
economic policy. II was specially provided
for IN tho present tariff law.
"Our. first duty Ia TO soc that the protection
granted by the tarih IN every case where Il
IL needed is maintained. and that reciprocity
he sought for 80 far az II can safely be done
without injury to our home industries. Just
how far this Is must be determined accord
Ing TO the individual case, remembering al
ways that every application of our tariff poll
icy 10 meet our shifting national needs must
be conditioned upon the cardinal fact that tho
duties must never be reduced below the point
that will cover the difference between the
labor cost here and abroad. The well-being
Of the wage worker IL o prime consideration
Of our entire policy OF economic legislation.
subject to this prOyiso Of the proper pro-
lection necessary to our industrial well being
at home, the principle of reciprocity must
ominan our hearty support. The pheno-
menal growth OF our export trade emphasizes
the urgency OF the need for wider markets
and Tor q liberal policy in dealing with for.
eian nations. Whatever Is merely petty and
veSatlous In the way OF trade restrictions
should be avoided. The customers To whom
We dispose of our surplus products In the
long run. directly or indirectly. purchase
those surplus products by giving us some
thing in return. Their ability TO purchase
our products should as FAR as possible DO
able us TO take from them those products
which we can use without harm to our own
Industries and labor, or the use OF which will
be OF marked benefit 10 us.
We have now reached the point In the
development Of our interests where We are
NOT only able to supply our own markets
In IEaItsAA 4. .--I-. ....a.-
Tor which We must fnd markets abroad. TO
secure these markets W. can utilize existing
duties IN any case where they are no longer
needed for tho purpose OF protection, or I'm any
case where the article is not produced here
and the duty IL no longer necessary for
revenue, AZ giving us something TO offer In
lations with other nations which are 30 de-
s'rablc will naturally be promoted by the
course thus required by our own interests.
The natural line OF development for n
policy of reciprocity Will be in connection.
with those OF our productions which no long
or require all of the support once needed
10 establish them upon Il sound basis. and
with those others where either because OF
or of economic causes We are beyond
the reach OF successful competition.
ask the attention OF tho Senate TO the
reciprocity treaties laid before IL by my pre-
Our Merchant Marine.
''rhc condition OF the American merchant
marine is such as to call for immediate
remedial action by the Congress II ia dis.
to us az a Nation that our mer-
marine should be utterly Insignificant
In comparison to that of other nations which
we oyertop In other forms of business.
American shipping In under certain greut
disadvantages when put In competition with
the shipping Of foreign countries. Many OF
tho fast foreign steamships. ut a speed Of
knots or above, are subsidized: and
all ocr ships. sailing vessels and steamers
aIike. cargo carriers OF slow speed and mail
OF high speed. have to meet the
tact thnt The original cost OF building Ameri-
can ships IL greater than Ia the case abroad:
that the wages paid American officers and
are very much higher than those paid
,he oinccrs ana sesnien OF foreign competing
countr'es: ana thot the standard Of living
OUT ships " Tar superior TO the standard OF
iivins on the ships OF our commercial rivals.
ouT government should take such action
~ WI reuhcuy THESE inequalities. The Amer
i.an merchsht mhrine should be restored TO
'"r vceun,
Inc hct OF March ~, 1000. INTENDED un.
.quIvocaI'y 10 estapiish gold as the standard
'np"ey ana 10 MAINTAIN ~ a parity herewith
iorms OF money medium In use with us.
~ oeru sno"n 10 De timely ana ludic'ous.
ns PI'cs W our soverhtheht bonus IN tue
win ,uarxet, wnen compared with tho
s'ni'sr ooilsat!ons issued by othcr
a.sV"n, y na,,erlnB triuute 10 our pubic
.,vu'.. lnis couu'''oh ~ " eminentiy desif-
y y mia,n'nln.
=" huuh iespc',S INV NatiOnal. bankihS