Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1902-12-05

such change interfered with the general
prosperity of the country. The only rela.
tion OF the tariff to big corporations as a
whole Is that the tariff makes manufac-
lures prrohtable, and the tariff remedy
proposed would be in effect simplv 10
make manufactures Improbable. To re-
move the tariff as a punitive measure III.
reeted against trusts would inevitably re-
suit IN ruin to the weaker comnetitors
VINO are struggling against them. Our aim
should be not by unwise tariff changes to
give foreign products the advantage over
domestic products, but by proper reeu.
lation TO give domestic competition a fair
chance, and this end can not be reached
by any tarltf changes which would affect
untavorably all domestic competitors. good
and bad alike. The question of regulation
OF the trusts stands apart from the ques.
ton of tariff revision.
President Roosevelt then states that one
way in which the readjustment sought can
be reached is by reciprocity treaties He
believes that such treaties can be used to
widen our markets, and also to secure in
practical shape the lowering of duties when
they are no longer needed for protection
among our own people, or when the mini
mum OF damage done may be dsregarded
for the sake OF the maximum of good ac-
complished.
Wherever the tariff conditions are such
that needed change can not with advan-
tage be made by the application of the re-
eiprocity idea, then it can be made outright
by lowering of duties on given product
If possible such change should be made
only after the fullest consideration by
practical experts, who should approach
the subject from a business standpoint,
having IN view both the particular inter-
ests affected and the commercial we'll
being OF the people as a whole. The ma.
chlnery Tor providing such careful investi-
CATION can readily be supplied. The execu-
tive department has already at its disposal
methods of collecting facts and figures,
and II the Congress desires additional con,
sideratlon to that which will be given the
subject by its own committees, then a
commission of business experts can be an
pointed, whose duty it should be to recon-
mend action by the Congress after a DELHI
crate and scientific examination of the va
rlous schedules as they are affected by the
changed and changing conditions The
unhurrled and unbiased report of this
commission would show what changes
should be made in the various schedules,
and how Ear these changes could go with
out also changing the great prosperity
which this country is now enjoying or up
setting its fixed economic policy.
President Roosevelt declares that, in or
der to prevent the recurrence of financial
stringencies which injuriously affect legiti.
mate business, 1t is necessary that there
should be an element of elasticity in our
monetary system. He believes that cur
rency circulation should be so regulated
that. sufficient supply should be always
available for the business interests of the
country. He suggests that all future legis-
lation on the subject should be with the
view OF encouraging the use of such instru-
mentalities. as will automatically supply
every legitimate demand of productive in
dustries and of commerce, not only in the
amount, but in the character of circula-
ton. and of making all kinds OF money in
Interchangeable, and, at the will of the
holder, convertible into the established
gold standard.
He calls attention to the need of passing
proper immigration law, covering the
points outlined in his message which was
read at the first session of the present
| Congress.
LABOR AND CAPITAL.
The relations of labor and capital is the
next subject dwet upon by President
| Roosevelt. He declares that this is an era
| OF federation and combination. As busl-
ness men work through corporations SO it
| is often necessary Tor iaDorlng men to
work III declarations, and these have be-
come important factors of modern indus
| trial life. Opposition TO each KIND OF or
| ganlzatlon should take the form OF oppo-
| stlon to whatever is bad in the condust of
| any gwen corporation or union, but each
| must refrain IRON arbitrary or tyrannous
| interference with the rights OF others. Or
| gained capital and organized labor alike
| should remember that IN the long run the
I interest of each must be brought into har-
| mony with the interest of the general pub
| lie, and the conduct of each must conform
| to the fundamental rules of obedience TO
| the law, of individual -reedom, and of JUS
| tice and fair dealing toward all. Each
| should remember that in addition to power
it must strive after the realization OF
healthy, lofty and generous ideals. Few
| people deserve better OF the country than
| those representative both of capital and
| labor-and there are many such-who work
continually to bring about a good under
standing of this kind, based upon wisdom
| and upon broad and kindly sympathy be-
tween employers and employed.
The President then earnestly hopes that
Secretary of Commerce may be created
with seat in the Cabinet. He asserts
that the creation OF such department
would in itself be an advance toward deal
| ing with and exercising supervision over
, the whole subject of the great corpora.
| with this end in view the Congress should
endow the department with large powers
| which could be increased as experience
might show the need.
| The President states that he hopes soon
| to submit to the Senate reciprocity
treaty with Cuba. On May 90 last the
United States kept its promise to the isl
and by formally vacating Cuban soil and
turning Cuba over to those whom her OWL
| people had chosen as the first officials Of
the new republic. He urges the adoption
| of reciprocity with Cuba not only because
[ il is eminently for our own interests tC
control the Cuban market and by every
means to foster our supremacy in the trop
ical lands and waters south of us, but also
because we, of the giant republic OF the
north, should make ali our sister nations
ever they will permit it we desire to show
ourselves dsinterestedly and effectively
| their friend.
The Congress has wisely provided thai
! we shall build at once an lsthmlan canai
if possible, at Panama The Attorney-Gen
eral reports that we can undoubtedly ac
uuire good title from the French Panama
canal company. Negotiations are no"
pending with Colombia to secure her as
sent to our building the canal. The worll
should be carried out as a continuing pol
lev without regard to change of admins
tration, and it should be begun under cir
cumstances which will make it a matter o
pride for all administrations to continue
the policy.
During the fall of 1901 a communication
was addressed to the Secretary OF State
asking whether permission would d.
granted by the President to q corporation
to Law cable from point on the Calfor
mia coast to the Philippine Islands by way
of Hawaii.
Inasmuch as the Congress was shortl,
to convene and Pacific cable Legislation
had been the subject of consideration Dl
the Congress for several years, it SCENE!
to me wise to defer action upon the appil
cation until the Congress had hrst an op