Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1903-08-13
in nrogress men hesitate 10 manufac

in progress men hesitate to manufac-
ture, they hesitate to buy; change in
rates will modify prices, and hence, on
all occasions where revision is in pro-
gress for many months the great busi-
ness interests are disturbed, factories
are closed wages are lessened, employ.
ment is decreased and during the
waiting period" all interests suffer.
Hence, frequent changes are impolitic
and believe that the republican who
announces himself as a 'standpatter'
simply means to say that he is oppos-
ed to any 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 citizens
who are engaged in manufacture.
II believe in the Dingley bill. 1t is
a little more than six years since Pres
ident Mckinley gave it his approval.
These six years have been marvelously
prosperous ones. During that period
the balance of trade in our favor has
been in excess of 1924 millions of dol
lars; that is, since the adoption of the
Dingley bill we have sold outside of the
limits of the United States 1924 mill
lions 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 the trade has been in favor
of the United States. In the first sew
| enty-two years of the life Of the gov
eminent there had been fifteen years
| only in which the balance Of the trade
was in our favor. During that seventy
two years the balances in our favor
We're less than one hundred and sixty
millions of dollars.
| During nearly all of that period the
country was operating under the dem
ocratic doctrine of practically free
! trade.
II call attention to this seyenty-two
years of free trade and it's meager hal
ances in our favor in order again to
lemphasize the stupendous total of 1924
millions that have come to us during
the past six years. We see the bene-
| fetal influence of this protective sys-
tenn as illustrated in the Dingley law
in the last circulation statement of the
treasury department which gives the
general stock of money in the United
1 States as over 2,695 millions of dollars
nearly one-half of which is gold fur
nishing a circulation of $29.55 per
capita. The sum of 1886 million seems
| to be more marvellous when we con-
trast it with the total sum of 407 mill
lions of currency of all kinds in the
4 United States in 1861, when democrats
ic free trade ended.
i Here is growth of nearly twenty
three millions of circulating medium
that we have amassed since we have
changed the policy Of this government
i to one that preserves our markets for
our own producers and our labor field
for our own laborers.
i, Favors Reciprocity of Blaine.
: 81 am not one of those who are
averse to making all proper efforts to
extend our trade through reciprocal
trade relations with other nations.
am in favor of reciprocity, but l am in
, favor of the reciprocity of Blaine, of
) Conklin and Grant and Mckinley.
want. that reciprocity that gives the
right of entry to our markets to the
, non-competitive article - the article
, that we need but that we cannot pro-
, duce That is the kind of reciprocity
! that the republicans have been advo-
eating.
1--WE have advocated reciprocity es
the handmade complement of pro-
, lection, not it's destroyer.
tWhile l do not regard the matter
as one of Importance yet l am salts
{ fed that the so-called shelter plank
that made it's appearance in two re-
cent Iowa platforms is not to be found
in the last one. am glad of this omiss
/ s.,rl - "a -
persons that plank justified the infer.
ence that tariff system did beget
, monopoly. AS party we have denied
, this, no one more vigorously than ths
: late President Mckinley Many times
/ of it he had placed the stamp of un-
t truthfulness on that democratic dec
: laration.
t Glad of "SheIter" Omission.
, 81 am further glad of it's omission
/ because I doubt the wisdom OF at
tempting the control Of monopoly, or
Y it's destruction, by the destruction OF
t our protective system. l am as fully
), intent as any man in saving our PEG.
pie harmless from the trust and from
a monopoly but | hope it can be done
. through the Sherman act and through
other forms of legislation without en-
n croaching upon the tariff laws of the
: country.
S Tariff laws. tariff theories, have
s their strength because of the blessings
l. they bring to the wage earners OF the
l. country. Tariff laws are enacted In
T. the interest Of labor and only Incl.
l. dentally that manufacturers may be
n benefited, and if few manufacture
n ers conspire together to extort unduly
l. from the consumers Of the United
r States say let us punish them and
r not punish the laboring masses bs
n the destruction of their labor field.
y st am not one of those who believe
e that all blessings come to us from
d worldwide competition AS protec
s. ZIONIST I cannot believe this.
a What are protective duties Other
n than barriers to free competition
IS When we agree to a tariff schedule
imposing duties upon our foreign com
petitors, we say to him we do not rel.
upon your competition to secure di
a. minishing cost for our necessaries o
. life, but we propose to give our owl
T. ,,cDr1a p,,r aptiro N, ri, OF fb ON Yal,