Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1903-07-03

snET - -hfstesse pstfe5." The feruhlieas
sslss,. III 4 - fsss.m sas based ma
tn pgss3dRaf ~ rexsnrfy ~ the VI al Apstl.
~upsa aapts fsrnEufrisn q ins daerenSs
1870 ssssa sas cost e pssdas sasosI aa.s *
tAa aeed to zee 50 IL this cur laws saait sn
no event Afford advansags 10 our owM
market 10 foreign Industries over AHisfIsan
e.a eaessaI. % fsrsESa IaSae over aaf own
labog.,v
RI \ vitality Impsr7ant to the prsssrya.
tsos q ne pc!isy % peosesrsao . s .ss 5
qualities 10 mind, and to ALTER aas 10
loyal i1tsisfxsEs and sszra Es':gs service.
We havs mot passed the time = fais ee "
Il nes Imperative ararass the lnanaetiats
snd changing aims and orgartlariaa pI SCI
Sab Interest What We need TO 90 - 70
n.st marrow insesest st.a aroa s.i iaIsf r..
tegmined to Subcgrinars the few 20 the WIZ
snd welfare OF th1 IaRy, Thts we may
insist upon In the narae q protection
Fortunately the rspuczican party 70.
most Sf All upon It's promises ~ VIE
take sEx record with IL iato the campaign
Of this year and 10 WILL carry ir ss an epsG,
Ina. rsesrd ssers 4 80 history II fossilfza-
ton. and Epou that will es based ene sLaL am
that fosstEExatf0n does NIT await the party
Ia The Immediate future,
enee to the policy q reciprocity have not
been met 80 far the democratic party mas
been able 10 defeat IN the n.aia- the appsi,
cation Of that policy fi the esVsi1pEsaG OF
our trade with other countries
think we Of this state are disposed to
congratulate the president. bis advisers ard
the congress on the trade arrangement Eaaae
with Cuba Our belief Is shIt II VIII p.Sss
parties and what remains for congress 70
do 20 give 10 full eject whfch We saste.pats
will be done with tie least possible delay
We have accomplished something III DN-
half OF reciprocity. but not uEca aasasEred
BIZ Cur desire
The democratic party nay b. able to d.
feat treaties. requiring approFal ny lhe
senate by : tso.thirts vote, nas % n an
be abs to defeat the p,tiey Of Reciprocity.
The Wilson lar Of 1894 repealed the Eesi-
proctty arrangements negotiated eJ ths
viewed by the ST. Louis coaTsntioa a. .
national calamity" and tie party demand
ed their renewal and eItsusioa 90 sTca
tefms as will equaiize our trade SttE eEasc
nations, remove the restrictions which ESr
obstruct the sale Of American rretgsta in
the pdtss of other courtr!es- and secgrs
enlarged markets for the prodcets Of ous
ted viii. the utmost eheerfuinsss sh.s eoa-
dttions have changed, and yet am eispsss-
ed to affirm that the EeFft Of the poSicg q
reciprocity has not disappeared Sor do 4
The policy. Proteetton and reciproeity.@
declared the ST. Louis platform, ARE twin
measures OF republican policy. and 90 hand
in hand"
1t has seemed to me. and am ssiIi Of
that opinion, that the careful and con
servatfve Development Of the policy OF reel
procity Is Of direct interest to Iowa, and
therefore Of direct interest TO all states Of
Reciprocity" said the St Louis platform
builds up foreign trade and finds an out
let for onr surplus" This, it see1ns to me,
seems to me we have tie ne need q such Sc.
curfty and such protection.
was much IMPRESSED, as you were much
impressed. by what has come to be known
Buffalo ! cannot persuade myself that be
was wholly mistaken when he said:
A system which provides a nItuai ex.
change OF commodities Is manitestIy es,
OF our export trade. We must not repose
in fancied security that We can forever
sell everything and Buy little or nothing,
II such a thing were possible 1t would no.
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 natura. outgrowth Of our
wonderful industrial development uader
the domestic policy now nrniy established.
What We produce beyond our domestic CON
excess must be relieved through foreign
outlet, and we should self everywhere we
can and buy wherever the buying will en-
large our sales and productions, and there
by make greater demand for home labor.
The period OF exclnsiyeDess is past. The
expansion of our Tade and commerce Is
the pressing problem Commercial wars
are ar. unproiita5le po.,cy Of good will! and
prisals. Reciprocity treaties are 10 har-
mony will. the spirit Of the times, meas
nres OF retaliation are not. II perchsnce
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 to extend and promote our mar
kets abroad!"
& Why not?
! would not remove a single safegua n
to American labor. l would not put ont Of
mind for moment the material interests
would not lose sight for day of the es.
sential need Of supremacy in our own mar
kets. II the policy OF reciprocity Is not
compatible with the welfare OF the men CT
1t twin" Of protection, the handmaidcn
Of protection" Is ihexcusabe mlsnomer
] am not unuindful of the fact that PROS
perity has come to Us beyond the dream of
the st. Louis convention, nor Nm ! unmind.
fui Of the fact that our industrial and COM
mercial relations at home and throughout
the world have undergone and are stil un-
dergoing marvellous change But all this
does not lessen our responsibility. orau
! take 1t In readjusting our economic
policy we can not wisely ignore the nat
uraI law of competition. Domestic compe-
can not ' Wholly cut oose from a. co@psttion
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 competitions. MOI can we invoke
competition at will. Because we can not
do this. some OF us ar. disposed to feel re.
sentful. We are disposed to antagonize
Of them. We say the law in some way
should bring them down to 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 OF the world.
These forces are. engaged In cheapening the
cost of production ana OF transportation,
answering popular demand and following
sound economic law. The very magnitude
Of transactions, impossible except under
d e eap5a 9,
what we recognize as Competition remains
at all, 1t Is transferred to the comparative
few, with interests largely identical and in.
We 20 not eare Destroy or csape
business OF these corporations we want to
protect the business and at the same time
protect the public welfare. Thus it Is that
we are compelled to call into action a re,
to regulate. That Is the power to invoke
In dealing with so-called trusts and monop-
olies. What we need to do Is to 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
unbrided competition are many. Because
this Isl so. labor Is organized. and for the
same reason capital Is organized. II it
were desirable, II would not be possible to
prevent men from using all the resources
at tneir command TO secure just compensa.
ton for their labor. to preserve their prop.
erty and to increase their legitimate bust.