The Providence news. (Providence [R.I.]) 1891-1906, 1904-09-22

foreign commerce liz thus denied by actual
results. In considering the effect OF the
respective tariff policies ot the Republican
and Democratic parties. we are for
tunatsly able TO consult past expe Hence.
What a revenue tariff will accomplish we
know, for we have hitherto seen how II
has arrested industrial development and
embarrassed enterprise 20 the injury OF
both labor and capital. Neither escapes
It's blightng effects.
Commercial reciprocity with foreign
countries consistent with the principles
OF otection," has long been one OF the
we'll ecognized policies OF the Republican
party. The present administration. I'm the
face OF serious Democratic opposition. Sc
cured a treaty OF reciprocity with Cuba,
which promises 10 give us control OF n
large share OF the commerce OF that
island
RECIPROCITY WITH CANADA
Both Presidents Mckinley and Roose-
welt attempted TO negotiate n treaty OF
reciprocity with Canada. That subject.
together with the Alaskan boundary and
other matters. were submitted 20 a Joint
high commission for consideration. but
the differences which arose between the
American and the British commissioners
with respect 10 the boundary made IL i'm
possible for the commission 10 agree upon
any OF the remaining subjects submitted
for its determination.
The American commissioners desired 10
remit the boundary dispute 10 the two
governments and 10 proceed with the con-
consideration OF all other questions, in
cluding reciprocity. but the British COM
missioners declined TO proceed further
while the boundary remained undeter-
mined Subsequently the boundary con-
mission was created and the boundary
line has been settled. but no agreement
has been reached for further considera-
ton OF the remaining questions embraced
I'm the protocol II IL hoped that the two
governments may be able 10 agree n
due course 10 take up the subject OF re-
clprocity with Canada according to the
principles laid down in the Republican
national platform.
CAPITAL AND LABOR.
The platform appropriately recognizes
combinations of capital and labor as the
outgrowth of our economic development,
and as entitled 10 the equal protection
and subject TO the like restrictions OF the
law.
The administration has enforced the
Sherman Antitrust act, which was Of
| Republican origin, in cases where combi-
| nations have been formed in violation of
its provisions. The law. which was re-
garded as ineffective by a Democratic ad-
| ministration, has been invoked by the
president against combination I'm restrain
| OF wholesome commerce. and IL has been
upheld by the courts
The congress last year enacted a law
! 10 expedite the hearing and determination
\ OF suits arising under the Antitrust and
Interstate Commerce acts. so that the
/ ends OF Justice might not be defeated by
/ delay. IL created the department OF
commerce and labor. with authoity 10
! obtain necessary information with respect
TO the creation and operation OF corpora
! tions engaged in Interstate commerce. 1T
also amended the interstate commerce
| law so effectually 10 abolish the pernic-
/ ious system OF rebates under which large
! shippers could crush their smaller COM
petitors These are important practical
steps taken by a Republican president
and Republican congress for the protec-
tion OF the people against the encroach-
ments OF combined capital
The Democatic party has done nothing
| towards safeguarding legitimate interests
and restraining combinations effected for
,xtortion or other improper purposes 1t
proposes as a principal remedy for un-
Just combinations to remove the tarln
from trust made goods, thereby inviting
the foreign producer to occupy our home
market I'm an attempt to regulate our
own industries. II has assured that the
| so-called trusts are either created or fos-
lacious. Trusts are found in free trade
countries and they control commodities
in this country which are upon the free
list.
DIRECT AND RATIONAL.
The Republican party is more direct
and rational IL does not strike down
good and bad alike. 1t invokes the au-
thority of congress and the power of the
courts TO deal with specific, well-dehned
Of hn riqYlt {
and Interests Of the people. 1t is as IN
sistent upon the protection OF capital en-
ployed I'm wholesome enterprise as IL
preventing its use in contraventioa OF
the public Interests.
The convention very properly declared
It. ''to be the duty OF the Republican
party to uphold the gold standard There
is no more important duty than 10 mann
tain the stability and the character OF
the money Of the people. Their mani
fold exchanges should be effected In
currency as free from blemish as the ma
tIonal Integrity The Republican party
has been essentially the guardian OF th'
financial credit OF the country, and th'
steadfast supporter OF sound currency
IL has maintained the national credit aut
preserved the soundness of our monetar!
system against persistent ana poWerIu
opposition
The money question has seemed TO b'
settled at various times, but the con
test has been revived by the enemies o
sound money whenever they nave
Thought that they might be successful
We should not relax our vigilance II
unfolding the integrity OF our currency
SO long as a considerable element OF ouI
country are At war with II. When Demo
cratic candidates cannot hope TO VII
preferment I'm a national convention Win
| out industriously concealing their none
tarv views. and when Democratic nation
nj and state conventions dare not de
clare their faith in the virture OF th'
gold standard. the hour has not arrivc'
, when the forces OF sound money shoui'
dlsbaud and leave the field.
WARNING OF EXPERIENCE.
we not only established the gold stand
ard. but we provided such safeguard
will maintain our silver and pape
: currency at parity with II. But all
! mis- may be changed at any time by
hostile congress, or endangered by al
; unfriendly secretary OF the treasury
our past experience warns us that IL