Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1903-10-29
ALLISON FOR THE TARIFF.
VOwa Senator Declares That Protcc-
ti~~ Cannot he Chnrged with
Fostering Trusts.

At Clinton, Ia, October 10, Senator
William B. Allison spoke upon the tariff
and trls,s, arguing strongly in support
of high tariff taxes and declaring the
same 10 be irresponsible for trust evils.
The Sc aator said:
1t IL conceded that the protection pol
Icy is the basis of " nat are known as trust
combinations in our country, and that If
these are to be crippled or destroyed the
most eHective weapon IL free trade In trust
made goods-that is TO say that goods pro-
duced in other countries OF character and
quality similar to those produced by
trust in this country shall be placed on the
free list. The effecE OF this. of course.
would be to place all goods of this chatdc-
ter imported on the free list, whether COM
petitlve goods were made by trust com
blnation or by independent factories com
peting with the trust. thus allowing world
wide competition in this class of goods
The plan is impossible of execution even
If otherwise effective, as 1t would lead to
endless contests and conflicts en- the ques-
tion of what are trust-made goods and
what are goods Of Ike character produced
here and also produced abroad
Tariff Not the Cause.
The basis Of this proposal is a false
one. The tariff is not the foundation of
these combinations, nor does 1t promote
them in any material degree Whatever
their origin, ii cannot be found in our tar
III laws. If II were so found then these
combinations would be confined to those
manufacturers benefited by the tariff. But
1t so happens that many of these combina-
tlons, and the largest of them, have no re-
Latlon whatever TO the tariff but have
grown up without tariff protection. aad
wholly outside of It.
The Standard OIL trust is conspicuous
example of This L. 4
never has been any duty on it's product
1t Is sa!c there is a beef combination
that is able TO control prices and limit pro-
auction because of the tariff There is a
auty upon live cattle imported. The repeal
OF this duty would help rather than iniure
this combination.
Trusts or combinations In our country
have largely increased within the last few
years, not because Of our tariff policy, but
rather because they are part of the eco
nomlc evolution taking place in the worlds
production. They exist IN all countries
having protective tariffs, and they exist
as well in free trade England Many evils
have resulted from them. but these evils
cannot be traced to our tariff policy nor
are they confined TO our country. They are
seen on the continent and in Great Britain
as well.
Effective control of trusts must be had
through national and state regulation in
cooperation. Our greatest lawyers believe
they can be so controlled. The laws upon
our federal statute books providing a ma
uonal control have been placed there by
the republican party, including the effective
statute passed by the last congress
II Is sa!d that our currency system is
defective in the respect that it does not
have that elasticity in volume required by
the commercial activities of our country
az various seasons and periods of the year
rms rms Is measurabiy true but there is eIas-
tlcity arising from the character Of our gold
circulation, as, If more money is needed
or The transaction Of business, gold flows
IN; II less money is required. and gold is
NOR" valuable else where It flows out And
experience shows that national banks ex-
panG their circulation. though not largely,
TO meet the varying wants of currency cir
cuIation and our credit money. through bank
deposits, gives elasticity to that class of
circulating money or credit
This subject may be considered by the
congress soon to convene, but | am sure
that no change will receive the sanction
OF republican congress that will so reVo-
Iutlonize our system as TO deprive the gov
ernment itself of the substantial control
that it now has and exercises over bank
circulation as well as over other forms of
paper money, nor Will any modification be
made that Will not provide absolute Sc
curity of the notes issued by or under the
authority of the government ana their con-
Nertibi!ity at the will of the holder into
EOId"