The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1902-12-02

confederation of the couRroar with O. view
o. the passage ~ "a Law reasonable IN Sc
provisions and effective iu its or ratlona.
upon which The questions can b.. finally
ndJldicated that now raise d0uli as O.
ment Do 30 prove Impossible o. tom-
pllsh the purposes above set forth D. such
Law. then aesuredly we SHOULD not
shrink from amending the conHtituu %
az o. secure beyond poradveuture the
power sought
The congress has not heretofore ~ %
any appropriation for the better enf0r
ment Of The antitrust law - it no
stands Very much has been done b. ths
department u Justice in securing the en-
forcemeut Of this law, but much more
could be done N congress would make
special apprOprintiO for this purpose 70
be expended under the direction Of the
one proposition advocated has been the
reduction of the tarin a. meats of
Not merely would this be wholly 'iufnec
tive but the diversion OF our efforts in
such direction would mean the aban-
donmeuf of all intelligent attempt to do
away with these evils. Many Of the lar-
EeHt corporations. many of those which
scheme Of regulation. would not b. uf-
fccted ln the slightest degree by a change
IN the tariff. save as such change inter-
Tered with the general prosperity or tn
country The only relation Of the tarin
20 big corporations as a whole is that the
tnrin makes manufactures profitable. and
tlr tarin remedy proposed would be iu
effect simply 10 make manufactures un-
profitable. To remove the tarin az n
punitive measure directed against trusts
would Inevitably result In ruin 70 the
weaker competitors who are struggling
against them. Our aim should be not by
unwlse tarin changes 20 give foreign prod
ucts the advantage over domestic prod
ucta, but BY proper regulation % give do
nestle competition a fair chance, and
changes which would affect unfayorably
al domestic competitors. good ana ban
alike Ihe question OF regulation OF ths
tarin revision.
Stability Of economic policy must al
ways be the prime economic need Of this
country. This stability should not be fOs-
Hillzatlon. The country has acquiesced
ln the wisdom Of the protective tariff
principle II II exceedingly undesirable
that there should be violent and radical
changes therein. Our past experience
shows that great prosperity IN this coun-
IN and that the cOuutry cannot prosper
under fitful tarin changes AZ short inter
walls. Moreover, N the tnrln laws as a
whole work well and " business has pros
pcred under them and ls prospering. IL Is
better 10 endure for time slight incon-
uleH than 90 upset business by too quick
and too radical changes. IL la most ear
ncBuy 20 be wished that we could treat
the tHrIm from the standpoint solely OF
our business needs. IL la. perhaps. too
much 10 hope that PARTISAN hip may bD
entirely excluded from conaIderation OF
the subject but 90 least 10 can be made
secondary f0 the huslutHH Interests OF the
country IH. lp luc interests or our
people an 90 whole. tuQucatlouably these
I lsineH5 interests viii best Doe served W
f1Fothcr with nxity OF principle as re-
( ards the turlu We combine "a system
which wiz permit u8 from time To- time 10
make the necessary rcnppucauon OF the
principle Go The shifting national needs.
IS. ruft take fcrupuloua care that the
rcauu.I rT .NHil be made iu such a way
1NNf VIII amount no nIH HInNNiInn ni
our system. the mere threat OF which. not
| 70 speak Of the performance. would pro-
OF the community The first conBidera-
ton In making these changes would. OF
course, be 10 preserve the principle wnieh
/ the principle OF putting American busi-
ness lutcrostH at least ON full equality
/ with interests abroad and OF always al
| lowing a sufncicnt rate OF duty 10 NOR,
| than cover the difference between IN,
| labor cost here and abroad. The well be
/ Ing OF the wnBcworker, like the well be
| ing OF the tiller OF the soil, should b'
| treated as an essential In shaping oui
/ whole economic policy. There must never
| be any change which viii jeopardize th'
| standard Of comfort, the standard o
wages. OF the American wageworker.
! one way in which the readjustmen
| sought can bo reached Is by reciprocity
| treaties. lt is greatly To be desired tina
| such treaties may be adopted. They car
a greater field for the activities OF oui
| producers on the one hand, and on tn
| other hand to secure In practical shap'
| the lowering OF duties when they are n,
| longer needed for protection among oul
| own people or when the minimum OF dam
age done may be disregarded for the salS
II Il prove we impossibie TO rally The pend
ing treaties and n there seem 10 be M
warrant for the endeavor TO execute 9th
that they can be ratified. then the SAM
end-to secure reciproclty-should be me
Wherever the tariff conditions are sucl
that needed change cannot with adVan
tnge be made by the application OF tn
reciprocity idea, then II can be made out
iight by "A lowering OF duties on q givel
product IL possible such change Ahoul'
be made only after the fullest consider,
tion by practical experts, who should ap
proach the subject from n business stand
point. having In view both the particula
interests affected and the commercial wei
being OF the people as whole The ma
chinery FOR providing such careful inves
ugation can readily be supplied. The oN
ecutive department has already at It
disposal methods OF collecting facts en-
figures. aud II the congress desires add
tional consideration TO that which will b
given the subject by it's own committees
then a commission OF business experts ca
| be appointed whose duty IL should be {
recommend action by the congress afte
deliberate ana scientific examination o
the various schedules as they are affecte
by the changed and changing conditions
|
commission would show what change
| should be made in the various schedule
and how far these changes could go with
out also changing the great prosperit
| which this country Is now enjoying o
| upsctting It's fixed economic policy,
| The cases la which the tarim can pro
duce monopoly Nre 30 few as TO constl
tute an inconsiderable factor In the ques
| tion, but. of course, II In any case II b
found that given rate OF duty does prc
mote a monopoly which works III, no prC
tectiOnist would object to such reductio
OF the duty as would eQudlize competition
| In my Judgment. the tarin on anthracit
coal should ts removed and anthraclt
| put actually, whore Il now is nominalll
on the free list This would have no eneS
at all save In crises, but In crises IL migi
be OF service To the people.
Interest rates are a potent factor l
business activity. and In order that thes
rates may be equaliEed TO meet the vary
ing needs OF the seasons and OF widel
separated communities, and TO prevent N
recurrence OF financial stringepcies while
in1uriously AFFECT legitimate business,
Ia necessary that there should be an els
ment OF elasticity In our monetary syi
tenn. Banks are the natural servants I
commerce, and upon them should
, ! placed as FAR as practicable, the burde
OF furnishing and maintaining a cireult
tion adequate TO supply the needs OF on
/ Nrl nj NJ