The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1902-12-06

/ viii not amount TO a dislocatlon OF our
! system, the mere threat OF which mot
to speak OF the performancel would
! produce paralysis In the business ener-
/ gies OF the community. The first con
! sheraton In making these changes
would, Of course. be 10 preserve the
| principle which underlies orr whole
/ farin system--that Is. the principle OF
/ putting American business interests az
! least on a full equality with interests
1 abroad. and OF always allowing a sum
| cient rate OF duty 70 more than cover
/ the difference between the labor cost
4 here and abroad The well-being OF
the wage worker. like the well-being Of
the tiller OF the soil. should be treated
as an essential In shaping our whole
eouno-1ic policy There must never
be any change which will jeopardize
the standard OF comfort, the standard
OF wages Of the American wage worker.
Reciprocity
One way In which the readiustment
sought can be reached is by reciprocity
treaties II Is greatly to be desired
that such treaties may be adopted.
They can be used to widen our markets
and to give a greater field for the &C
tivities OF our producers on the one
hand, and on the other hand to secure
in practical shape the lowering OF du-
/ ties when they are no longer needed
/ for protection among our own people,
or when the minimum OF damage done
may be disregarded for the sake OF the
maximum OF good accomplished. II i
prove Impossible to ratify the pending
treaties and II there seem to be no
warrant for the endeavor 20 execute
others, or to amend the pending trea-
ties 80 that they can be ratified. then
the same end--to secure reciprocity
should be met by direct legislation.
When the tariff conditions are such
/ that a needed change can not with ad-
| vantage be made by the application Ct
the reciprocity idea. then It can be
4 made outright by lowering Of duties
| on given product II possible, such
change should be made only after the
| fullest consideration b. practical ex-
perts. who should approach the sub
/ ject from a business standpoint, having
in view both the particular interests
affected and the commercial well-beine
1 OF the people as a whole The ma
chinery for providing such careful in
| vestigation can readily be supplied
TIE executive department has already
at It's disposal methods of collecting
| facts and figures: and II the congress
| desires additional consideration TO that
which will be given the subject by It's
own committees, then a commission Of
business experts can be appointed
whose duty 1t should be to recommend
action by congress after a deliberate
and scientific examination OF the vari-
Gus schedules as they are affected by
the changed and changing conditions.
The unhurried and unbiased report Of
this commission would show what
changes should be made in the various
schedules. and how far these changes
could go without also changing the
great prosperity which this country Il
now enjoying or upsetting its fixed
economic policy.
The cases in which the tariff can
= produce a monopoly are so few as to
constitute an inconsiderable factor In
the question; but Of course il IN any
case It be found that a given rate Of
duty does promote a monopoly which
works i'll, no protectionist would OBJ
jeet to such reduction OF the duty as
would equalize competition.
In my Judgment. the tarin on an
thraeite coal should be removed, and
anthracite put actually. where it now
Is nominally, on the free list This
would have no effect at all save in
crises; brit in crises it might be Of ser
vice TO the people
Banking and Currency.
Interest rates are a potent factor In
business activity, and in order that
these rates may be equalized to meet
the varying needs Of the seasons and
OF widely separated communities, ana
to prevent the recurrence of financial
stringencies which injuriously affect
legitimate business. IT is necessary that
there should be an element Of elasticity
In our monetary system. Banks are
the natural servants of commerce, and
upon them should be placed. as far as
practicable, the burden Of furnishing
and maintaining circulation adequate
to supply the needs of our diversified
Industries and of our domestic and
foreign commerce.; and the issre OF
this should be so regulated that a suf'
ficient supply should be always avail
able for the business interests OF the
1 country.
It would be both unwise and unneces
sarv al this time to attempt to recon
struct our financial system. which has
been the growth OF a century; but
some additional legislation is. think
desirable The mere outline OF any
plan sufhciently comprehensive to meet
these requirements would transgress
: the appropriate limits of this communi
, cation. II is suggested, however, that
all future legislation on the subject
should be with the view Of encourag
ing the use of such instrumentalitlef
, as will automatically supply every
! legitimate demand Of productive In
dustries and of commerce. not only IN
the amount. but in the character oi
circulation; and of making all kinds OF
/ money interchangeable. and at ths
will OF the holder. convertible into th'
established gold standard.
] again call your attention to ths
need Of passing a proper immigration
law. covering the points outlined IL
| my message TO you at the first session
: Of the present congress; substantially
/ such bill has already passed th'
: house.
Labor and Capital.
How to secure fair treatment alik'
+ for labor and capital. how to hold II
check the unscrupulous man, whethe
i employer or empioye. without weaken
= ing individual initiative. without ham
4 pering and cramping the Industrial de
). veiopment OF the country. IS a problem
!. frought with great difficulties and on'
y which Il Is OF the highest Importance
4 to solve on lines OF sanity and far
. sighted common sense as well as o
devotion to the right This is an err
: n federation and combination Exact