The Globe-republican., 1902-12-11
FOR Reeiproe1tx treaties.

give a greater field for the activities of |
our producers on the one hand. and on
the lowering of duties 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 accom- |
the pending treaties. and If there seem
to be warrant for the endeavor to
treaties that they can be ratified. then
the same end-to secure reciprocity
should be met by direct legislation
For Expert Tariff Commission.
Wherever the tariff conditions are such
that needed change cannot with ad-
vantage be made by the application of
the reciprocity idea. then it can be made
outright by a lowering of duties on
given product. If possible. such change
should be made only after the fullest
consideration by practical experts. who
business standpoint. having in view both
the particular interests affected and the
commercial we1l-being of the people, as
a whole The machinery for providing
such careful investigation can readily be
supplied. The executive department has
already at its disposal methods of col
lecting facts and figures; and if the con-
gress desires additional consideration to
that which will be given the subject by
it's own committees. then commission
whose duty it should be to recommend
action by the Congress after a deliberate
and scientific examination of the various
schedules as they are affected by the
changed and changing conditions The
unhurried and unbiased report this
commission would show what changes
should be made in the various schedules
without also Changing the great pros
perity which this country is now enjoy
ing, or upsetting its fixed economic pol
icy.
The cases in which the tariff pro-
duce a monopoly are so few as to con
stitute an inconsiderable factor in the
question; but of course if in any case
it be found that a given rate of duty
does promote a monopoly which works
i'll, protectionfst would object to such
reduction of the duty as would equalize
In my judgment. the tariff on anthra-
cite coal should be removed, and anthra-
cite put actually, where it now is NOM
inalIy on the free list This would have
effect at all save in crises but in
pie
Monetary Legislation.
Interest rates potent factor IN
business activity and in order that these
rates may be equalized to meet the vary
ing needs of the seasons and of widely
separated communities, and to prevent
the recurrence of financial stringencles
ness. it is necessary that there should
be element of elasticity in our none
wants of commerce., and upon them should
be placed as far as Practlcaoie; the
burden of furnishing and maintaining a
circulation adequate to SUPPLY the neeos eos
of diversified industries and OF our
domestic and foreign commerce; ana
the issue of this should be regulated
that a sufficient supply should be al
| ways available for the business interests
| of the country
1t would be both unwise and unneces-
at this time TO aIIeInPI 70 ISCOAi-
| struct our financial system, which has
| been the growth of a century; but some
| additional legislation is. L think deslr-
| able The mere outline of any plan suf1i-
| GENTLY comprehensive to meet these re-
oufrements would transgress the appro-
| pirate limits of this communication 1t
| is suggested, however, that al 1uture Z
| legislation on the subject should De WIN WIN
| the view of encouraging the use OF I suGn
| instrumen talities as will autonlae aeicaIiS
| ductive Industries and of commerce, nor
| only the amount, but In the cnaractsl
| Of money intercha ngeable, and, at the
| will of the holder, convertible INTO ene
| established gold standard
| Relations of Labor and Capital
How to secure fair treatment alike Tor
| labor and for capital how to hold IN
| check the unscrupulous man. whether
| employer employe, without WeaAen.ns W,s E
| Individual initiative. without hamperine
| and crampfne, the Industrial development
| of the country. is a problem frausht w1tn H
| great difnculties and one which 1T is OF
| fbe highest Importance to solve on lines
| of sanity and far-sighted common sense
as wen as of devotion to the right This
| is an era of federation and combination
| Exactly as business men hnd 1hey mus
| often work through corporations, and as
| 1t is a constant tendency of these cor
| poratfons to grow larger, so 1t IS ofter
| necessary for Iaboring men to work IL
| federations and these have become i'm
| portant factors of modern industrlai me
| Both kinds of federation. capitalistic ans
| labor can do much good, and as neees
sary corrollary they can botn DO evh
| should take the form OF opposition t.
whatever is bad in the conduct OF an.
| given corporation union-not OF at
| tacl<s upon corporal tions as such nor upol
| unions such; for some OF the mos
| far-reaching benef1cent work for our peo
| pie has been accomplished through bot
| corporations and unions Each must re
| frain from arbitrary tyrannous inter
| ference with the rights of others Organ
| lied capital and organized labor alik
| should remember that in the long run tn
| interest of each must be brought int
| harmony with the interest of the genera
public; and the conduct of each mus
| conform to the fundamental rules of ODE
dience to the law. of individual freedom
and of justice and fair dealing toward al
Each should remember that in addition
power. it must strive after the realizatio
| of healthy. lofty and generous ideals
| Every employed every wage worker. mus
t | be guaranteed his liberty and his right t
| do as he likes with his property OF his Ia
: | Dor so long he does not infringe upo
| the right of others 1t is of the highest i'm
: | -oortance that employer and ernploye alil
= | should endeavor to appreciate each tn
| viewpoint of the other and the sure dis
= aster that will come upon both in I'll
long run If either grows to ia Ike as habit
: | ual an attitude of sour hostility and dis
$ trust toward the other Few people de
h | serve better of the country than thos
4 | representatives both of capital and labC
t and there many Such-who woI