The Oskaloosa herald., 1903-08-13

the necessity for particular rates will
undergo change, and it is the avowed
purpose of the republican partya that
when the propriety of change is OBJ
vious that it should be made.
Frequent Changes Harmful.
But experience shows that fire.
quent and unnecessary changes are
harmful, that they disturb the general
current Of business; that il a reVis-
ion is in progress men hesitate to
manufacture, they hesitate to buy;
change in rates win modify prices,
and hence on all occasions where re-
vision is in progress for many
months the great business interests
are disturbed, factories are closed,
wages are lessened, employment is
decreased, and during the waiting
period all interests suffer Hence,
frequent changes are impolitic, and
| believe that the republican who an
nounces himself as q stand patter'
simply means to say that he is OPP
posed to unnecessary change, but that
he is ready at all times when rates
are too high or too low to make such
notifications as will secure fairness
and justice, but looking at all times
to the protection of the seven million,
one hundred thousand American citi-
zens who are engaged in manufac-
ture.
81 believe in the Dingley bill. 1t
is a little more than six years since
President Mckinley gave It his ap-
prevail. These six years have been
marvelously prosperous ones. Dur
ing that period the balance of trade
in our favor has been in excess of g.
224 millions of dollars; that is, since
the adoption of the Dingley bill we
have sold outside of the limits of the
United States 1924 millions worth of
merchandise more than we have
bought.
Marvellous Result of Protection.
During the last thirty years we
have had twenty-six years in which
the balance of trade has been in fav-
or of the United States. In the first
seventy-two years OF the life OF the
government, there had been fifteen
years only in which the balance of
trade was in our favor. During that
seventy-two years the balances in
our favor were less than one hundred
and sixty millions of dollars.
During nearly all of that period
the country was operating under the
democratic doctrine of practically
free trade.
81 call attention to this seventy
two years of trade and it's meager
balances in our favor in order again
to emphasize the stupendous total of
1924 million that have come to us
during the past six years. We see
the beneficial influence of this protec-
tive system as illustrated in the Ding,
ley law in the last circulation state.
ment OF the treasury department
which gives the general stock OF
money in the United States at over
1886 millions of dollars, nearly one
half of which is gold, furnishing a
circulation of $29.55 per capita. This
sum of 1895 million seems to be
more marvellous when we contrast II
with the sum total of 407 millions OF
currency of all kinds in the United
States in 1861, when democratic free
trade ended.
Here is a growth of nearly TWEEN
ty-three millions of circulating medi
UNI that we have amassed since we
have changed the policy Of this gov
eminent to one that preserves oul
markets for our own producers and
our labor field for our own faborers
Favors Reciprocity of Blame.
81 am not one Of those who are
averse to making all proper efforts tt
extend our trade through reciprocal
trade relations with other nations
am in favor of reciprocity but an
in favor of the reciprocity Of Blaine
of Conklfn, of Grant and Mckinley
want that reciprocity that gives thu
right of entry to our markets to thu
non-competitiVe article-the article
| that we need but that we can no
produce. That is the kind of recipro
city that the republicans have beer
advocating.
1--WE have advocated reciprocity al
| the handmaid-the complement-o
protection, mot IT'S destroyer.
while do net regard the marteI
| as che OF importance yet am wei
satisfied that the so-called Shelter
plank that Drade it's appearance II
two recent Iowa platforms is not tt
be found in the last one. am glat
| Of this omission because in the minds
of many persons that plank justified
the inference that a tariff system
did beget monopoly. AS a party We
have denied this, no one more visor
ously than the late President McKin
| ley. Many times in the house Of rep
resentativeS and ont Of it he hat
placed the stamp of untruthfulHes;
on that democratic declaration.
Glad of "Shelter" Omission.
Il am further glad Of its omission
because l doubt the wisdom of at
tempting the contI oil. of monopoly, Oh
its destruction, by the destruction Of
1 al "