The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1904-09-22
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| should always at least equal the diff
erence in the cost of production al
| home and abroad
This principle was embodied il
the platform of the convention which
first nominated Abraham Lincoln
and it has continued to be one of the
cardinal doctrines of the Republican
party during the forty-four yeal
which have elapsed since then. 1t
has been incorporated into the pub
lie law and has become the founda-
ton of our industrial system. 1t has
been regarded by the Republican par
ty as a reasonable and appropriate
exercise of the legislative power
to discriminate in favor of American
industries. This principle is dictated
by a due regard for our own enter
prise and industry. and is founded
upon the highest considerations of
national interest.
The Democratic convention which
lately assembled at ST. Louis denounc
ed protection as a robbery of the
many to enrich the few" and favor
ed revision and gradual reduction
Of the tariff
''The issue is thus distinctly made.
1t is by no means a new one, fo:'
while the Republican party has uni
formly adhered to the policy of pro
lection, the Democratic party has
been consistent in its opposition. 1t
has held to the doctrine of a revenue
tariff, and during all the years of the
contest has maintained that the pro-
tective system was opposed to good
morals, in contravention of the con-
stitution and in violation Of sound
economics. The objections which are
now urged against it are only rep
etition of those which have found
utterance for many years. The differ
ence between the parties is radical
principle of protection and not sim
ply the measure of duties to be laid.
"a revision of duties should be
made only when conditions have 50
changed that the public interest de
mands their alteration, and they
should be so revised as to preserve
and NOT destroy the protective prin
ciple.
"A revision and reduction by those
who regard the tariff as a robbery
must awaken serious apprehension
among all whose capital is employed
various enterprises throughout the
country, which depend in large meas
IRE upon the maintenance of the pro-
tectiye system. A revision of the tar
iff along revenue lines means an in
creased importation of the products
of foreign manufacture which cone
into competition with our domestic
production It means loss to the
American wage earners and to Amerl
can capital This is, therefore, not a
theoretical question which is present
ed to them, but is one of immediate
and practical moment. 1t can be set
tied by them and them only.
History abundantly shows that the
greatest industrial development OF
the country has occurred during the
period when the protective tariff has
been maintained and that during this
time labor has received the largest
rewards and capital has been most
profitably engaged
Mr.. Fairbanks then dwelt on the
to make reciprocity treaty
with Canada.
The platform appropriately recog-
nizes combinations of capital and Ia
Dor as the outgrowth of our economic
and as entitled to the
equal protection and subject to the
like restrictions of law.
The administration has enforced
the Sherman antitrust act. which
was of Republican origin. in cases
where combinations have been form
ed in violation of its principles.
THE Democratic party has done
nothing towards safeguarding legiti-
mate interests and restraining COM
binations effected for extorrion or
other improper purposes. 1t proposes
as principal remedy for unjust COM !
binations to remove the tariff from
goods. thereby inviting
the foreign producer TO occupy our
home market in an attempt to regu-
late our own industries. 1t has as
that the so-called trusts are
either created or fostered by the tar
if. The assumption is fallacious.
Trusts are found in free trade coun-
tries and they control commodities
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