Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1903-07-09

the president so recently as the Sd OF April,
between the cost Of production--that is,
the cost OF labor--here and abroad, and OF
the need to see TO It that our laws shall In
market to foreign industries over American
industries to foreign capital over Ameri-
can capital, to foreign labor over our own
1t Ia vitality important TO the preserya.
tion OF the policy of protection to keep the
definition In mind. to keep The essential
qualities In mind, and to Hilter. not Ia
We have not passed the time In this coun.
try or anywhere In this world when contest
Is not imperative against the immediate
fish interest What we need to do Is TO
meet narrow Interest with broad interest,
giving adherence TO enduring principle, de-
se teri to subordinate the feW to the will
insist upon In the name OF protection.
Fortunately the republican party Is not
compelled 70 go to the country relying
most Of AL upon Its promises Il Tlll
Of this year and it will carry II as an open
book In the campaign OF next year In all
that record there Is no history of fossiliza.
ton. aud upon that will be based the claim
that fossilization does not await the party
In the immediate future,
The expectations 1.-THE party with refer
sess met SO FAR the be parts
been able to defeat, In the main. the appli.
cation of that policy In the development of
our trade with other countries.
think we OF this state are disposed to
congratulate the president, his advisers and
the congress on the trade arrangement made
with Cuba. Our belief Is that II will prove
advantageous to both OF the contracting
parties aud what remains for congress to
do to give IL full effect which we anticipate
VIII be done with the least possible delay.
We have accomplished something In be.
haif OF reciprocity, but not much measured
by our desire.
The democratic party may be able to de-
feat treaties, requiring approval by the
senate by a two.thtrds vote, but do not
anticipate that the democratic party will
be able to defeat the policy of reciprocity
The Wilson law of 1894 repealed the reel.
procity arrangements negotiated by the
Harrison administration; This action was
viewed by the St Louis convention as a
national calamity" and the party demand
ed their renewal and extension on such
terms as Will equallae our trade with other
nations, remove the restrictions which now
obstruct the sale of American products In
the ports OF other countries, and secure
enlarged markets for the products OF our
farms, forests aud factories" II Is admit.
ted with the utmost cheerfulness that con.
ditlons have changed, and yet l am dispos.
ed TO affirm that the merit of the policy OF
reciprocity has not disappeared; Nor do
believe the republican party win surrender
the policy, protection and reciprocity"
declared the St. Louis platform, ARE twin
measures of republican policy. and so hand
II hns seemed to me, and am stil OF
that opinion, that the careful and con.
sentative development OF the policy OF reel.
procity Is OF direct interest to Iowa, and
similar or kindred Industrial opportunity.
Reciprocity" said the ST. Louis platform
builds up foreign trade and finds an out.
let for our surplus" This, II seems to me.
IL something we need IN our business. lie
seems TO me we have rle need OF such Sc,
curity and such protection.
l was much IMPRESSED, as you were much
impressed, by what has come 70 be known
as the farewell address Of Mckinley at
Bunalo. l cannot persuade myself that he
was wholly mistaken when he said
change Of commodities is manlfestly es.
sential to the continued healthflil growth
OF our export trade We must not iepose
In fancied security that we can forever
IL such thing were possible Il would not
be best for us or for those with whom we
deal, We should take from our customers
such OF their products as we can use with.
out harm to our Industries or labor Reel.
procity Is the natural outgrowth OF our
wonderful Industrial development uSder
What we produce beyond our domestic con.
sumption must have vent abroad The
excess must be relieved through foreign
outlet. and we should sell everywhere we
can ana buy wherever the buying Will en-.
large our sales and productions and there.
by make greater demand for home labor.
'hc period OF eXClnsyeneSS IL. pust The
expansion of our Trade and commerce Is
the pressing problem. Commercial wars
are Improbable. A po.icy of good will and
! friendly trade relations viii prevent re.
prisals. Reciprocity treaties are In har.
| mony with the spirit of the times. mems.
ures OF retaliation are not. II perchance
some of our tariffs are no longer needed for
| revenue or to encourage and protect our In.
dustries at home, why should they not be
employed 70 extend and promote our mar.
kets abrondT -.
Why notI
| would not remove single sagegua A.
to American labor, ! would not put out OF
mind for n moment the material interests
Of our increasing army OF workers [
would not lose sight for day Of the es.
sential need Of supremacy In our own mac.
kets, IL the policy OF reciprocity is not
compatible with the welfare Of the men OF
the heid and the shop. then TO pronounce
" twin OF protection, THE handmaldln
OF protection" Is ihexcusable mlsnomer
am not unmindful of the fact that pros.
perity has come to us beyond the dream OF
fui OF the fact that our Industrial aud com.
mercinl relations AT home and throughout
the world have undergone and are stlll I'M.
dergolng marvellous change, But all this
does not lessen our responsibility
! take 1t in readjustlng our economic
policy we can not wisely Ignore the nat.
ural law of competition. Domestic compe-
can not wholly cut loose from competition
In the safe pursuit OF our ambition to lead
In the trade of the world
But we can not place our whole depend.
ence on competition, nor can we invoke
competition at Will. Because we can not
do this, some OF us ni-s disposed to feet re.
sentful. We are disposed 10 antagonize
large corporations and TO believe the worst
of them. We say the law In some way
should bring them down 10 our level Not
much Of benefit TO ourselves or to society
can be hoped for on that line Mighty
forces are at work, and can not be divert.
ed to eliminate competition In the large
business of the country and or the word.
cost OF production ana Of transportation
and to that extent, we must agree are
answering popular demand and following
sound economic law. The very magnitude
enormous aggregation OF capital, OF itself
precludes old fashioned competition III
what we recognize as Competition remains
at all, IL IL transferred to the comparative
Wiling to compacts and understandings.
We do not care to destroy or cripple the
business OF these corporations: we want to
protect the business and at the same time
protect the public welfn,e. Thus II Is that
serve power Of tae goyernment--the power
TO regulate. That Is the power to invoke
In dealing with so-called trusts and mQnop-
olies. What we need to do Is 10 provide
protection against abuses. We do not wish
to punish the innocent. but the guilty we
must pursue.
We are compelled to admit, as an econ
omic principle, that evils attend competi.
tion as well as combination. The evils Of
this is So labor IL organized. and for the
same reason capital is organized II IL
were desirable, II would not be possible to
prevent men from using all the resources
ton for their labor. to preserve their prop
erty and TO increase their legitimate bust.