Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1903-11-05
PROTECTION UPHELD
secretary Of the Treasury Speaks
at q Boston Meeting.
IHB IMPORTANCE OF MORE IAREETs
a GOOD WORD Said for the ship Subsidy
uin-Dov Kxpsfts Of the Treasury
Department Figured
llM-M EEIM II Ont. NM N

II Ont @'E
Boston, oct. sos- fremont temple
Mns packed to tho doors last night the
nccaniun being the biggest political
mssting held blythe republican party
IN this city during tho present state
campaisn. The principal speakers
Nere Gov. Bates and Secretary Of the
Hreasury shaw. Gov. Bates prefAced
his remarks with general revieW Of
el,s work accomplished by the repub-
iican party in national affairs. Score
Aary shaw followed Gov. Bates. He
mald;
s.WhiIs the importance Of foreign
snarketa u apparent to all, 1t Is more
important stilip that we do not lose
sight u the value Of our;cwn markets.
/ submit that 1t would be unwise for u
70 ABORT the democratic contention and
surfepder what we now have in the
nope a. getting q larger share Of what
~ do not now have Giving away
what u ours win not secure for us
what W. DO mot now possess. England
mas proceeded upon the democratic the
ory for many, many years. She has
Riven us free access TO her markets
ana we annually sell to Great Britain
$500, 100000. We have protected our
snarkets and Great Britain annually
sslIs to usabout s15s,ooo.ooo. Our pol
10y Of protecting our markets and thus
lsseping them for ourselves has result
"a in balance Of trade In our favor
Of SDOo,0OO,oOO per annum. The policy
pursued BY Great Britain and advo-
Gated by the depaeratic party has re-
eulted IL d balance Of trade against
her Of $1,000, 100000 per annum. Our
democratic friends during all these
years have urged US to try the English
policy Of tariff for revenue only. We
have tried It a few times and the result
ms been practically the same every
time. az
s.But conceding the importance Of
more markets, my belief is that there
Il open to us q yet more excellent way
10 secure them. We are securing only
ZEN per cent. Of the trade Of South
America, Of South Africa and Of the
countries washed by the Pacific ocean.
This trade Is worth more than Il ,0O0,-
100000 per annum. We get ten per
cant, Of It. Other countries secure the
balance. why7 They are ready to pay
enc price. They avail themselves Of
svery natural advantage and pay the
price Of others. They have and we DO
mot have direct and regular steamship
communication with these countries.
we created the commerce Of the inte-
sior and Of the Pacific slope by means
Of subsidized railroads. We now sub
nidize rivers and harbors in the hope
cR aiding commerce
sIast winter q bill was introduced
offering subsidy for American ships,
bnt It was defeated. ! am not mourn
ang It's defeat. was satisfied with Its
provisions. But I had the experts OF
the treasury department figure 1t out
and 1t would have cost this nation
not to exceed 100000 per annum,
unless some Of her citizens had en-
ployed American labor In American
ship yards and constructed ships from
American raw materials taken from
American mines and American forests.
Then had ships enough been construct
Cd It might have cost US 100000 per
annum. But the bill provided that
there never should be expended more
than Ss,0O0,000 In any one year. We
annually pay $2OO,0O0,000 to foreign
subsidized ships to get our foreign
commerce carried. Senator Hanna told
me there were three companies ready,
Il the bill had passed, to make con-
tracts to build the ships and establish
and maintain regular lines In three d.
rections where we have no ships But
practically every democrat voted
against II. not because of Its provi-
Alors, but on principle. recognize
mat the term subsidy has a bogy
sound. II Il Q good scare word. But
Il ought to take something more than
scare words to deter US from every
reasonable effort to get our share Of
the trade Of the countries I have re-
1erred to. All Europe is establishing
commercial colonies, warehouses,
Branch ofices and banks on many Of