The daily Republican., 1902-12-02

. law then assurcdy we should not
shrink from amending the constitution so
| power sought.
| Til" congress has not heretofore made
| any appropriation for the better enforce
| n m@nI of the antitrust law as it now
| STANDS. Very much has been done by the
apartment of Justice in securing the en-
fotGement of this law, but much moro
could be done if congress would make a
special appropriation for this purpose, to
be expended under the direction Of the
attorney general,
one proposition advocated has been the
redutlion Of the tariff as a means Of
reht ching the evils of the trusts which fall
WiIhln the category | have described
Not merely would this be wholly ineffec-
tive, but the diversion of our efforts in
SuGtl direction would mean the aban-
comment of all intelligent attempt to do
AVA with these evils. Many Of the lar
gcsl corporations, many of those which
sA"u'd certainly be included in any proper
scheme OF regulation, would not be af-
fec,"d in the slightest degree by u change
~ u" tArih, save as such change inter-
lertd with the general prosperity of the
country. The only relation OF the tariff
to big corporations as whole is that the
lHfIii makes manufactures profitable. and
tn" tariff remedy proposed would hr in
tiir'l SIMPLY to make manufactures un-
pF"hlahlr, 70 remove the tartH as a
puHl!ve measure directed against trusts
"'lN"r competitors who are struggling
"&N'rt tEcn. our aim should be not by
u"%I"r tariff changes to give foreign urcG-
@ @,t"ts ne M advantage over domestic proh-
hiiS. but by urOpcr regulation TO give do
nestle competition a fair chance, and
TINS end cannot be reached by any tariff
rhaFG's witch would affect Enfavorably
al dun'rsl'c comp litors, good and bad
;sik" The uun et0n of regulation of the
trusts atnn''s apart from The question Of
tdIt!' reEisUn.
STABILITY. OF economic policy must al
way ''c The rrirl" economic need Of this
tru,jr' Illb stability should not be ios-
Sll%H'lo The c"untrE has agquit seed
IN. ne. wisdom OF the protective turif
thnt this systcl Should he destroyed or
that ta-rr sncu!d bc violent and radical
e. 'r%'- therein. ON" rast experience
shu"} that great prosperity in This coun-
try mas alT#NS como uuGpra protective tar
lit and That E,c CDUut"y cannot prosper
uhder ttful 'arin h.nGe" Al short inter
V,tH HGrrQVyr, II toe tariff laws as
Whole work w,i and ii business has pros
p-f"'i llI!'r tlrGl and Is rru"perinH. il is
b"'t"r ~ ,nGu"r for a time slight incon-
N%n"nrc5 aud i1r4uai!t.us IN -om" srAed-
ana too r1"ical CEauE"s 1t is most ear.
n"s'y 20 b. wished that We could ,rsat
the ,n"tf ION ttr STANDPOINT solely Of
our iIAiure% needs. = is, perhaps. TOO
mGch ~ u"r' that raEt,san-E!p may be
rrUg''y 'EyttidsH from consideration Of
IN" subject hrt At last it can be made
Er"0NIj1y 10 tn" business int .r, Eis Of the |
tciH'Fy- that is, 10 The int,r,@ia Of oar
l' pj" as Wiulio, tuQurstiunablv these |
bU,I!, rs .ult:. .,# viii test y" served il
I"Eg '!"r with itE'tE of prinr pie rs re- |
Nh'n VIII lrri;t lis from Time 10 tinc 10 |
i5.:Jir ht hrr1"HArE r'aP2!i alton Of tha |
prnrpl" to IT, s',.fti..' national needs.
We must TAX" s"rupulous care that the |
r ailiN d.iun shall be made in Gu"n a way
that 1t will not amount 10 a disocation OF
our "ysieil; n" Iatfc threat OF which, not
tn speak or the performance. would pro-
duce paralysis In the business energies
Of the community. The first consiGcra-
ton in mating these changes would, OF
course. he 10 preserve the principie which
under'ies our whole tariff aystem-that is,
the PRINCIPE Of putting A nercan bus-
ness interests at least on a fun eGuaiity
with int@rcsls abroad aud Of always al
lowing a sufficient rate Of duty to more
Than cover the difference hetw"en the
labor cost her" and abroad. The well be-
Ing Of the wagcworker, Ike the well be-
II, at"d as an essential in shaping our
wEo!r economic policy. There must never
be my Change which vii! ieopardize the
Of comfort, the standard of
W. -,s, Of the American wugewJrlI-r,
one way in which the rHadiustmcnt
sousht can be reached is by reciprocity
n ratles. II is greatly 10 be desired that |
De used to widen our markets ana to give
| g,""ifr field for the activities Of our
producers ON the on" hand and ON the
,ther hand to secure i'll practical shape
he lowering Of duties when they are no
ong"r e=Hed for protection among our
b"l people or when the lriHitnitnl OF dam
,ro done may be djSrrgarded for the sake
Y lhn ,haNimum Of good accomplished.
it prove Impossible 10 rattfy the pend
ns treaties aud If there seem 10 he no
warrant for the END to execute 9TH
'T9 or to amend the pending treaties so
hat they can be ratified, then the 3" me
'ud-to secure reciprocity should be met
" direct leg gtsatiOn.
Wherever the tariff conditions ar7 such
hat needed change cannot with idvan-
age be made by the application Of the
eciprocity idea. then it can be made out
light by a lowering of duties ON siIcn
roduct. II possible, such change should
e made only after the fullest COnSidera-
ion by practical experts, who Shuild Ap.
roach the subject from business stand
olnt. having in view both the particular |
ltereSts affected aud the commercial well
eng Of the people AS a whole. The ma
hinery for pro- iding such careful nv-s-
satiOn can readily be supplied. The cx-
'Wtivc department has alretdy at its
is10s@l methods of collecting facts and
CURES and if the congress desires addi-
0nHI COnSid, ration to that which will be
iVrn tn" sub, by its own Committees
Icn commission Of business Q. ..te can .
I, appointed whose duty it shoGI br 10
con uCnd action by he congress uftor +
deliberate aNi scientific examination of ,
D" Nnii",js schedules rs they ERE affected /
y thr CAahE # and changing runulliuns. /
h@ UlIhUrricl and unbiased r,rDrt Of this i
would sho" what changes /
lIlilN til nv 'i' III tilt various 81 lrtiIpS |
hd huH far these changes Cvlld 90 With &
II also CHANGING the great prosperity [
h!Ch 'hiS country Is now enjoying or (
I,%"tting its fixed economic policy. i
The cases IN which the tariff can pro- 4
ice n uuaUpuly are so few as to c0llsti- ,
tie an inc"nsid"rahle factor in Ih, 4urs- !
On, rat. Of course If in any rnsH /, be q
,uNl that IL given rate Of duty does prO- g
c'r MONOPOLY which worEs III, no pro- "A
"tionist Woud object to such redlcton s
the duty as would etualizr competitions t
In my judgment the tariff on anthracite
,al should he removed and anthrar.te c
At actually. where 1t now is nominaily, Il
, tir free list. This would have no effect q
az save IN crises; but in crises it might &
Interest rates are a potent factor In t.
is!noss activity and in order that these q
tes may be eQualiz"d to meet the vary I h
g needs Of the SEASONS and Of widely 81
parated communities. and to prevent ths i,
currrnce Of financial stringences which a
juriously affect legitimate business, 1t $,
necessary that there should be An ole |,
ent OF elasticity in our monetary sys- h.
m. Banks are the natural servants OF Ia
mmsrce. and upon them should be 4
nced. as far as practicable, the burden h'
furnishing and maintaining Il crCula- IL
IN adequate to supply the needs of our V;
versified industries aud Of our domestic 81
ID foreign commerce, and the issue Of e.
is should be so regulated that Il sutii- bl
mt supply should be always available 90
r the business interests Of tn" country. W
Il would he both unwise and unncces- cl
ry at this time to attempt to recon- II,
'uct our financial system which has
en- the growth OF a century, but some re
ditional Legislation is. ! think, desirable Ia
lie mere outline Of any plan sufficiently iii
mprehensve to meet these requirements al
'uld transeress tho appropriate limits oy
this communication. 1t is suggested Of
gever, that all future legislation on the W,
bject should be with the view of en- fe
uraSing the use of such instrumental s.
$ as will automa tically supply every n
Ultimate demand of productive indus IN II,
es and OF commerce. not only in tho ri,
lount, but in the character of circula- er
erchangsable and, at the will Of ths nc ne
lder, convertible into the established Ii
Id standard III
again call your attention to the need no
passing proper immgra ton law, COW no
ng the points outlined In my message lev