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

call the historic policy" The republican
policy. 1t SIS fundamentally based" said
the president so recently as the Sd OF April.
upon ample recognition of the difference
between the cost of production--that is,
the cost Of labor--here and abroad, and of
the need to see to 1t that our laws shall In
no event afford advantage In our own
market to foreign industries over American
Industries. to foreign capital over Ameri-
labor"
ton of the policy of protection to keep the
dehnition in mind. to keep the essential
qualities in mind and to falter- not il
loyal, intelligent and courageous service.
We have not passed the time in this coun-
try or anywhere In this world when contest
is not imperative against the immediate
and changing aims and organization Of sci.
meet narrow interest with broad interest,
giving adherence to enduring principle, de-
termined. to subordinate the few to the will
and welfare of the many. Wills we may
insist upon in the name of protection.
Fortunately the republican party is not
compelled to go TO the country relying
IaRe Gs record upon With it nto the
of this year and IL will carry 1t as an open
book In the campaign of next year. In all
that record there Is no history of fossiliza-
tion. and upon that will be based the claim
that fossiliZatiOn does not await the party
in the immediate future.
The expectations t~tiie party with refer.
been met. SO far the democratic party has
been able to defeat. in the main. the appli
cation of that policy in the development Of
our trade with other countries.
I 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 It will prove
advantageous to both of the contracting
parties and what remains for congress 10
do TO give 1t full effect which we anticipate
will be done with the least possible delay.
Va. hax~ lfUla fW,aF IL. Ia
half 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 two-thirds vote, buthI do not
anticipate that the democratic party will
be able to defeat the policy of reciprocity.
The Wilson law of 1894 repealed the reci-
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
tetms as will equalize 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 and factories" 1t is admit
ted with the utmost cheerfulness that con1
ed to affirm that the merit Of the policy Of
reciprocity has not disappeared. Nor do 1
believe the republican party will surrender
the policy. "Protection and reciprocity"
declared the St. Louis platform, ARE twin
measures of republican policy, and so hand
In hand"
1t has seemed to me, and am still of
that opinion, that the careful and con.
servative development of the policy Of reel
procity is of direct interest TO Iowa, and
therefore OF direct interest to all states OF
similar or kindred Industrial opportunity.
Reciprocity" said the ST. Louis platform
"builds up foreign trade and finds an out
let for our surplus" This, IL seems to me,
is something we need in our business: IL
J. 81 aunQ 70 hax- 70. al ~
curity and such protection.
was much impressed. as you were much
impressed. by what has come to be known
Buffalo, cannot persuade myself that he
was wholly mistaken when he said:
"A system which provides mutual ex-
change of commodities Is mauifesty es-
sential to the continued healthftil growth
Of our export trade. We must not tepose
in fancied security that we can forever
sell everything and Buy little or nothing
| be best for us or for those with whom we
deal. We should take from our customers
out harm to our industries or labor, Reel
procity Is the natural outgrowth OF our
wonderful industrial development usder
the domestic policy now nrmyy established
What we produce beyond our domestic CON
sumption must have u vent abroad The
excess must be relieved through foreign
outlet, and we should sell everywhere we
can and buy wherever the buying will en-
large our sales and productions. and there
by make a greater demand for home labor
The period OF excnsyeness Is past The
the pressing problem. Commercial wars
are Improbable. A po.tcy of good will and
! friendly trade relations will prevent re-
prisals. Reciprocity treaties are In har.
/ mony with the spirit of the times. meas.
! ures OF retaliation are not. IL perchance
some of our tariffs are no longer needed for
! dustries at home. why should they not be
employed 70 extend and promote our mar
kets abroad!
| Why not?
l would not remove single safegua D.
to American labor. | would not put out OF
mind for moment the material interests
Of our increasing. army Of workers [
would not lose sight for day of the rs.
sentiai need OF supremacy In our own mae
| kets. IL the policy of reciprocity Is not
compatible with the welfare OF the men Of
| the held and the shop. then to pronounce
It twin OF protection the handmaiden
of protection" is ihexcusable msnomer
| am not unmindful of the fact that pros
| perity has come to US beyond the dream of
the ST. Louis convention nor IN unmlnd-
| fui Of the fact that our Industrial and com
| mercial relations at home and throughout
| the world have undergone and are still I'M
dergoing marvellous change But all this
does not lessen our responsibility
take Ii In readjusting our economic
policy we can not wisely ignore the nat
! ural law OF competition. Domestic compe-
tition has made us powerful at home we
can not wholly cut loose from competition
J IN the saie pursuit OF our ambition to lead
/ In the trade Of the world
But we can not place our whole depend
ence on competitfon. mol can we invoke
competition at will Because we can not
do this, some OF us ai-s disposed to feel re-
sentful We are disposed TO antagonize
| large corporations and to believe the worst
Of them. We say the law in some way
should bring them down 70 our level Not
much of benefit to ourselves or to society
can be hoped for on that line. Mighty
| forces are ut work. and can not be divert
| ed. to eliminate competition In the large
| business of the country and of the word.
These forces are engaged In cheapening the
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
OF transactions. Impossible except. under
enormous aggregation Of capital, Of itself
| preciudes old fashioned competition. III
what we recognize as Competition remains
at ALL tt Is transferred to the comparative
yiting 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 welfare. Thus II Is that
we are compelled to call into action d re-
serve power OF tne government--the power
to regulate. That Is the power TO invoke
In dealing with so-called trusts and monop-
olies. What we need to do is to proviie
protection against abuses. We do not wish
to punish the innocent. but the guilty we
| must pursue.
tion as well as combination. The evils OF
unbridled competition are many. Because
this IS so. labor y organized and for the
capital as SS 5ea 81 a., 4
prevent men from using all the resources
! at their command to secure Just compensa.
tion for their labor, to preserve their prop.
erty and TO Increase thefr legitimate bust