The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1902-12-12

should be treated as an essential I'm
Shaping our whole economic policy.
Ihere must never be any change which
VIII Jeopardize the standard of COM
,orr the standard of wages of the
american wage worker
THE RECIPROCITY TREATIES.
One way in which the .eadjustment
sought can be reached is by reciprocity
treaties. IL is greatly to be desired
that such treaties may be adonted'
Ihey can be used to widen our
markets and to give n greater field for
tne activities of our producers on the
one hand. and on the other hand TO
secure In practical shape the lowering
ol uuties when they are no longer need
eu ior protection among our own peo-
pie, or when the minimum OF DANA pe
uone may be disregarded for the sake
oI the maximum of good ACCOMPLISHED
III II prove impossible to ratify the
pending treaties. and IL there seem to
he no warrant for the endeavor to exc
cute others, or to amend the pending
treaties so that they can be ratified
then the same end--to secure reciproc-
ity--should be met by direct legisia-
ton
Wherever the tariff conditions are
SUCH that needed change can not with
advantage be made by the application
or the reciprocity idea, then Il can
be made outright by n lowering of du-
ties on given product. II possible,
such change should be made only after
the fullest consideration by practical
experts. who should approach the SUBJ
Ject from a business standpoint. hav-
ing In view both the particular inter-
ests affected and the commercial we'll
being of the people as n whole. The
machinery for providing such careful
investigation can readily be supplied.
Tho executive department has already
az Its disposal methods of collecting
tacts and figures; and IL the Congress
desires additional consideration to that
which will be given the subject by its
own committees. then a commission of
blsiness experts can be appointed
whose duty 1t should be to recommend
action by the Congress after n delibsr-
ate and scientific examination of the
various schedules as they are affected
by the changed and changing condi-
tons. The unhurried and unbiased re-
port 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
Is now enjoying, or upsetting it's fixed
economic policy.
The cases in which the tariff can
produce monopoly are SO few as to
constitute an inconsiderahle factor I'm
the question; but Of course II in any
cnse II be found that n given rate or
duty does promote n monopoly which
works H.. no protectionist would OBJ
sect to such reduction of the duty as
would equalize competition.
w my Judgment, the tariff on anthra-
cite coal should be removed, and an
thracite put actually, where Il now is
nominally. on the free list. This would
have no effect at all save in crises; but
- crises It might be of service to the
people.
NO FINANCIAL RECONSTRUCTION.
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, and
to prevent the recurrence of financial
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 bur-
den Of furnishing and maintaining
adequate to supply the
needs of our diversified Industries and
Of our domestic and foreign commerce;
and the issue of this should be so reg
ulated that a sufficient supply should
be always available for the business
interests of the country.
1t would be both unwise and unnec-
essary at this time to attempt to recon-
struct our financial system, which has
been the growth of a century: but some
additional legislation is, 1 think. desir-
able. The mere outline of any plan suf-
iciently comprehensive to meet these
requirements would transgress the ap-
propriate limits of this communica-
ion. 1t Is suggested, however. that all
future legislation on the subject should
tsNUV 90 a..
use of such instrumentallties as will
automatically supply every legitimate
lemand Of productive Industries and
VI commerce, not only In the amount,
out in the character of circulation; and |
II making all kinds of money inter- |
and at the will of the |
holder, convertible into the established |
gold standard.
FAIR TREATMENT FOR LABOR.
How to secure fair treatment alike |
or labor and for capital, how to hold |
n check the INSCRIPTIONS man,
whether employer or employe, without |
individual initiative, with
'ut hampering and cramping the in
iustrial development of the country,
s problem fraught with great diff
iculties and one which II is of the
highest Importance to solve on lines
II sanity and far-sighted common
light. This is an era of federation and
Exactly as business men
ind they must often work through cor
,orations, and as 1t is constant tend
ncy Of these corporations to grow
anger, so II Is often necessary for la
'oring men to work In declarations, and
hese have become important factors
4 modern Industrial life.
Both kinds of federation, capitalistic
nd labor, can do much good, and as
necessary corollary they can both
10 evil. Opposition to each kind of
rganization should take the form of
opposition to whatever is bad in the
onduct OF any given corporation or
nion-not Of attacks upon corpora
ion az such nor upon unions as such:
or some Of the most far-reaching
eneficent work for our people has
cen accomplished through both cor
orations and unions. Each must re-
rain from arbitrary or tyrannous In
difference with the rights of others.
Organized capital and organized IL.
or alike should remember that in the
,ns run tho interest Of each must be
rought into harmony with the interest
the general public; and the conduct
each must conform to the funda-
AL r,,i.. oT ah.1i.nc. g. L.. -. |