Corvallis gazette. [volume] (Corvallis, Benton County, Or.) 1900-1909, 1902-12-12
THE CORVALLIS GAZETTE
FRIDAY, DEC. 12, 1902.
GIVE 1T STABILITY.

would be both unwise and un-
necessary at this time to attempt
to reconstruct our financial sys-
TEN, which has been the growth
of century," He then sug- !
eests "that all future legislation
should be with view OF en-
couraging the uses of such 1n-
strumentalities as will automat1-
cally supply every legitimate de-
mand Of productive industries
and of commerce, not only in
the amount but in the character
of circulation, of making all
kinds of money interchangeable,
and convertible into the estab-
lished gold standard.
These utterances on our fnan-
eial system meet universal ap-
prova1. Our financial system
has been the slow, painful growth
of a century. 1t has reached a
high degree of perfection and
adaptabilty to Our purposes. 1t
would be unwise, and it is un-
necessary to attempt to recon
struct it. The veriest neophyte
in finance sees the wisdom OF
this.
The American people as a
whole believe the nations imam
ces should be managed in the in
terests of the whole country.
This is the attitude of both the
President and Secretary Shaw:
The gold standard is established
and is approved by the people
Our monetary system is talrly safe
from the interference OF financial
tinkers.
disability of economic policy
must be the prime economic
need of this country. This sta
bility should not be fossizatlon
The country has acquiesced II
the wisdom of the protective tar
-iff principle. 1t is exceedingly
undesirable that this system
should be destroyed OF that ther'
should be violent and radlca
changes therein. There mus
never be any change which viii
ieopardize the standard OF com
fort, the standard of wages Q
the American wage-worker. l
is most earnestly to be wishe'
we could treat the tariff from tn
standpoint solely of our bushes
needs"
Stability of financial policy
not more desirable than stabillt
of Economic policy" Th
gold standard has been estat
lished and the principle of pre-
lection by tariff has been &C
quiesed by the American people
They have desired both, an
have repeatedly said so at th
polls, and the republican part
has given them both.
BY protection the wage earne
and the tiller of the soilare give
the best possible opportunities
winning dollars; by the gol
standard we assure them tn:
these dollars have the highe:
purchasing power that can /
given to money. Our prosperlt
IS unbounded, unprecedented
Our economic policy, which EN-
braces both our system of tinanc
and our system of protection b
tariffs needs only stability.
This is a plain, rational cor
clusion, admitted by all wh
have given the subject Garrett
thought, and accepted by all {
the need of Our financial system
Why not the need, as we'll, {
that other feature of our ecor
omic policy-the system of pr
lection? Stability here is lu
as necessary as to our fnancl;
system. All the various form
of productive industry requll
stability in the conditions und'
which they work.
We once heard Mr.. Carneg
say: az care little whether l al
given protection or not; but {
want whatever I am given to
a permanent condition. l ca
then adjust my business to it.
This, everywhere is demanded
the prime need OF all industri
pursuits, and it is this which pr
tests against so-called tariff r
vision.
Protectionists have always he
that the principle OF protection
as part of our economic policy,
entitled to and should be accor'
ed the same careful thought ar
action we give to our fuancl
system. This is the president
view: cit is most earnestly
be wished we could treat the tai
iff from the standpoint OF OF