The Jennings daily record., 1902-12-02

power Of the congress to regulate cor,-
.n an
such commerce. the instrumentaiities
s earnestly arr I ss recommend mend this SUBJECT to the
consideration OF the congress with e view
to hs aas in its
upon which the questions can be finally
adjudicateA that now raise doubts as to
the necessity of constitutional amend
ment. If it prove Impossible to accom-
plish the purposes above set forth by such
shrink from amending the constitution SO
as to secure beyond peradventure the
power sought.
any appropriation for the better enforce
mcnt of the antitrust law as 1t now M
forcenent, of this law. but much more
special appropriation for this purpose. to
be expended under the direction of the
One proposition advocated has been the
reaching the evils Of the trusts which fall
Not merely would this be. wholly ineffec
tive. but the diversion of our efforts in
donment DOM C of ali intelligent attempt to do
away with these evils. Many of the lar
eepTn% Be Of n noas ns pyope
scheme of regula ton. would not be af-
fected in the slightest degree . by change
country. The only relation Of the tariff
tariff ns' makes nal a manufactures profitable, and
the tariff remedy proposed would be IN
effect simply to make am un
punitive measure directed against trusts
would inevitably result in ruin to the
against them. Our aim should be not by
unwise tariff changes to give foreign prod
ucts the advantage over domestic. prod
1lcfS ~
this end cannot be rsached by any tariff r,
all domestic competitors. good and bad
alike. The question of regula ton Of the
tariff revision.
Stability OF economic policy must al
ways be the prime econon,i: need OF this h
country. This stability should not be fos,
i''~ in the se', wisdom Of the protective tariff
that this system should be destroyed or
that there. should be violent and radical
has na on5 Rs tn @
try has always come undei'a protective tar
iff and that the country cannot prosper
under fitful tariff changes at short inter-
| walls. Moreover, If the tariff laws as a
whole work well and if business has pros
better to endure for q time slight incon-
vcnienccs and inequalities in some sched-
ules than to upset business BY too quick
and too radical changes. 1t is most car
nestly to be wished that we could treat
the tariff from the standpoint solely of
much to hope that partisanshp may be
entirely excluded from considera ton OF
secondnry sec drsI 10 the business; interests of the
country--that is. to the interests OF our
people as whole. unq@uest'opnany @ on olyvod these f
together with txity of principle as re
CARDS the tariff we combine system
make the necessary rcapplicatio of the
| principle to the shifting national needs.
reapnication a W shall be made in such way
that 1t will not.amount to q dislocation OF
our system, the mere threat of which. not
duce d. a'>f' paralysis in the business energies
Of the community. The first considera;;
underlies our whole tariff ssystem-that is
the prinSps of putting Gn AmGT1n f hs
With interests abroad and of always al
lowing sufficient rate of duty to more
labor % cost mere and abroad: ne M wen b! be
ing of the wagcworker like the well be
ing OF the er ef the n So on
be S.se any change which will jeopard4e tn
vaagsa'o Wages' Of the tn american fs, Wageworker.
One way in which the rcadjustmen
tpaHH treaties. T It IS IS greatly to be desired tha
such treaties may be adopted. They cal
be used to widen @ our m marksis end to to Civ CIV
nroduccrs en- the one hand and on th
other hand to secure in practical t shap /,
longer needed for protection among on
own people or when the minimum Of dam
Of the maximum Of coed accomplished
If ii prove impossible to ratify the pend
ing treaties and if there seem to be n
warrant for the endeGvOr TO execute 9th
crs or to amend the pending treaties
that they can he ratified. then the sam
end-to secure reciprocity should he me
nv direct LEGISLATION.
, Wherever the tariff conditions are sue
that n nee:icd change cannot with advan
tnge Ec made by the application of tn
reciprocity idea. then it can he made out
, right by lowering of duties on n give
, product. If possible, such change shoni
be made only after tho fullest considerH
. ton by practical experts. who should M
) ! proach the subject from business stanc
point having in view both the particula
, interests affected and the commercial we
being; of the people as whole The rni
! | chnery for providing such careful inve:
, tigation can readily be supplied. The e!
ccut:ve department has already at ii
, disposal methods of collecting facts an
figures. and if the congress desires add
$ tional consideration to that which Will !
e given the subject by it's own committee
t then n commission OF business experts Ca
n he appointed whose duty 1t should be
e recommend action by the congress aft'
e a deliberate and scientific examination
. the various schedules as they are affectt
t by the changed and changing condition
O The unlurriet and unbiased report of tn
: commission would show what chang
h should be made in the various schedu
II and how far these changes could go wit
:. out also changing the great prospect
I which this country Is now enioying
r upsetting its fixed economic policy.
n The cases in which the tariff can pr
y lrce n monopoly are so few as TO consi
y tute -. inconsiderablc factor in the que
!, ton; but, CT course, if in any case 1t
It found that a given rate of duty does pr
mote mononoiy which works s III: no no pr
% OF the duty as would elua!i&e competitio
- In my Judgment, the tariff on anthraci
:, coal should be removed and nnthrac
n put actually. where it now is nonlina!l
J. on the free list. This wo"id have no eff
n at all save in crises: but i'm crises 1t mig
If be of service to the people.
% interest rates are Il potent factor
IF business activity. and in order that the
~ rates NAV be eOla iiGcd to meet the var