The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1902-12-12
For Reciprocity Treaties.


be used to widen our markets ana TO
give a greater field for the activities OF
our producers on the one hand, ana OF
the other to secure in practical shape
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-
| plished. II 1t prove impossible to ratify
| the pending treaties, and II there seem
| to be no warrant for the endeavor TO
! execute others, or to amend the pending
| treaties so that they can be ratiiied, then
the same end-to secure reciprocity
should be met by direct legislation.
For Expert Tariff Commission.
Wherever the tariff conditions are such
| that a needed change cannot with ad-
vantage be made by the application OF
| the reciprocity idea then 1t can be made
| outright by a lowering of duties on a
| given product If possible, such change
| should be made only after the fullest
| consideration by practical experts, VINO
| should approach the subject from
| business standpoint, having in view both
| the particular interests affected ana the
| commercial we'll being Of the people, as
| whole. The machinery for providing
such careful investigation can readily be
| supplied The executive department mas
already at its disposal methods OF COL
| lecting facts and figures; and II the con-
| gress desires additional consideration TO
that which will be given the subject by
it's own committees. then commission
| of business experts can be appointed
whose duty 1t 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. me
| 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 pros
| perity which this country is now ENJOY
ing, or upsetting its fixed economic pol
| icy.
The cases in which the tariff can pro-
| duce monopoly are so few as to con-
| stitute an inconsiderable factor in the
| question; but of course II In any case
| it be found that a given rate or outy
| does promote monopoly which works
| i'll. no protectionist would object to sucn
reduction of the duty as would equallze
| competition.
In nv Judgment, the tariff on anthra-
cite coal should be removed, and anthra-
| cite nut actually, where 1t now is nom
| inally on the free list This would nave
no effect at all save in crises; out IN
| crises II might be of service to the peo-
pie.
Monetary Legislation.
Interest rates are a potent factor IN
| business activity, and in order that THESE
| rates may be equalized to meet the vary
| ing needs of the seasons and or widely
| separated communities, and TO prevent
| the recurrence of financial stringencies
which injuriously affect legitimate Dusi-
| ness. 1t is necessary that there should
| be an element of elasticity in our none
| tary system. Banks are the natural ser
| wants of commerce. and upon them snouiu
| be placed as far as practicable the
burden OF furnishing and maintaining d
| circulation adequate to supply the neeos
| of our diversified industries and OF our
| domestic and foreign commerce; and
| tho issue of this should be so regulated
that a sufficient supply should be al
| wavs available for the business interests
| of the country
II would be both unwise and unneces-
sary at this time to attempt to recon
| struct our financial system, whlch mas
been the growth of century; pu' SUN
| able. The mere outline OF any plan SUN
| GENTLY comprehensive to meet these re-
| ouirements would transgress the appro-
| pirate limits of this communication
| is suggested, however, that sali 1utuIe
| LEGISLATION on the subject should be with
the view Of encouraging the use OF suGn
| instrumentalities as Will autoniaticall'
supply every legitimate demand Oh pto
| ductive Industries and OF commerce. not
| only in the amount, but In the cnaracter
Of circulation; and of making all kinos
of money interchangeable, ana at tte
will Of the holder convertible into the
| established gold standard
Relations of Labor and Capital.
How to secure fair treatment alike ior
| labor and for capital, how 10 holu III
| check the INSCRIPTIONS man. "hethei
employer or employe, without Weakenins
individual initiative, without na,hpet NE
| and cramping the Industrial deVelopihent
of the country. Is a problem fraught with
| ereot difficulties and one which II is OF
| the highest importance to solve on lines
| NJ sanity and far-sighted common sense
| az we'll as of devotion to the right inns
| il an era of federation ana connplnatioli
| Exactly as business men ma they mus
| often work through corporations anu aS
| IL is a constant tendency OF these cor
norations to grow larger, so 1t Is often
| necessary for laboring men to work IN
| federations, and these have become I'M
nortant factors of modern industrlal ne,
| Roth kinds Of federation. capitallstic anu
labor. can do much good, and as a neces-
| sary corrollary they can both 40 eVh'
| ODDOSit1On 10 eaCn VI VI
should take the form OF opposition TO
whatever is bad in the conduct or any
given corporation or union-not OF at
| tacks upon corporations as such nor upon
unions as such; for some OF the most
far-reaching benefcent work for our peo-
pIe has been accomplished through both
corpora tions and unions. Each must re-
frain from arbitrary or tyrannous inter-
ference with the rights of others. Organ
lied capital and organized labor alike
should remember that in the long run the
interest of each must be brought into
harmony with the interest OF the general
public: and the conduct Of each must
conform to the fundamental rules OF ODE
dience to the law. of individual freedom,
and of Justice and fair dealing toward all.
Each should remember that in addition to
mower. IL must strive after the realization
OF healthy, lofty and generous ideals.
Every employed. every wage worker, must
be guaranteed his liberty and his right to
do as he likes with his property or his Ia
bor so long as he does not infringe upon
the right of others. 1t is Of the highest i'm
portance that employer and employe alike
should endeavor to appreciate each the
viewpoint OF the other and the sure dis
aster that will come upon both in the
long run II either grows to take as habit
| ,,ot an q ttffuda of sour hostility and dis