The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-28

to prevent too great a speed In the running
OF railroad trains. street cars and automo-
biles, or TO prevent the great dangers 10
property and life that attend the use OF the
but as no one would think of prohibiting or
destroying railroads, or street cars, or au-
tomobileS, or electric light and power
plants, or gunpowder, or dynamite by legis-
lation. so, too, no one who has any sense
would think OF so legislating as TO prohibit
or destroy large combinations of capital
necessary for the conduct OF legitimate en-
terprises. They nave become feature OF
modern business conditions the world over
and, in consequence, they are speclal
necessity here in the United States, where
we are compelled to invade and capture
foreign markets or slacken the pace at
which we are going in the employment OF
labor and the development OF our resources
The Republican party recognizing TINS
fact will correct evils and prevent and pun
ish abuses, but it will not hamstring the
business of the country to please Mr.. Bryan
or anybody else. While Ii remains In power
IL will continue, on the contrary, to inaugu-
rate and uphold policies that will give en-
ployment to both labor and capital alike,
remembering that both must flourish or
neither can.
BRYAN CRITICISED.
Mr.. Foraker here paid his respects to Mr..
Bryan for saying that If he were President
he would put the managers of corporations
in prison strips. Mr.. Foraker said: IN
stead of putting the so-called trust mag
mates in the penitentiary the man ought to
ba favored with some kind of lookup who
Is capable Of giving such advice. This does
not mean that we are opposed to any kind
OF change at any time in the tariff schedules
and rates. On the contrary, we believe In
tariff revision from time TO time, as &C.
casion may require, but 1T must always be
on protection lines. At the very founda-
ton of the protective policy has always
been the idea and claim that II would null
tiply industries, improve facilities, develop
competition and ultimately reduce the cost
of manufactures below their cost abroad.
1T has also always been part OF this
policy TO reduce high rates Of duty deemed
necessary to secure the establishment Of
an industry rapidly as It's development
and the cheapening OF Its product might
allow. Repeatedly since we inaugurated
this policy we have revised the schedules;
in many cases reducing rates; In some
increasing them; in others abolishing them
entirely Rates that are necessary to-day
may be higher than will be needed for
either revenue or protection ten years from
now. That depends on what may happen
In the meantime.
"The duties fixed by the Morrill, tariff act
OF 1861 would not at all fit the situation
to-day; not because the principle OF pro-
lection Is different now from what II was
then. but because the conditions to be
dealt with are different.
THE revision of 1883 had reference to the
requirements or that day.
''The Mckinley tariff act was drawn in
1890. and II the Democrats had not come
into power and repealed 1T, we would
doubtless by this time have made some
changes in it-not to correct errors, but to
meet new conditions.
I'm 1897 we enacted the Dingley tariff.
The rates then adopted had reference to
the conditions then existing. The pros
perity that ensued and which has con-
tinued until now without interruption vim
dicates the wisdom Of that statute, and
the rates Of duty Ii provided; but as time
has passed the conditions in view of which
We then legislated have greatly changed.
The rates then deemed necessary may not
in all cases be necessary now. 1t would
be strange IL they were. 1t may be that
some should be reduced, some made higher,
others altogether abolished.
1.-The Republican party will not for light
reasons disturb a law that has brought
us such prosperity, but 1t will not hesitate
when there is just occasion for doing so,
to make such amendments as changed
conditions may demand.
I'm the same spirit we shall make what
ever reciprocity arrangements may be en-
tered into. If existing rates certain
articles are higher than necessary to meet
we can, by reducing them, secure COM
pensating reductions for our goods going
into foreign countries, there is no reason
why should not do SO; but so long as
the Republican party controls, it may be
accepted as settled that no reductions
will be made on any account that will sac
rifice any American industry, put in
labor, affect prejudicially American wages
or disparage the credit of our government.
This is true as to Cuba, as well as to other
countries"