Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1904-09-17
PRES. ROOSEVELT'S
SPEECH OF
ACCEPTANCE
CONTINUED FROM 2ND PAGE.

oNSi american industries. They should
IN no event do less than equalize the DIFF
ference in conditions at home and
abroad" anu
1t is matter of regret that the nro-
tect1ve tariff policy. which during the last
iorty ODD years has become part of the
very fiber of the country is not now az
cepted as definitely established S,,ral,
we have right to say that it has ma sseS
beyond the domain of theory and n ri-ht
10 expect that not only its original adj
vocates, but those who at one tine al
trusted il th&oretic grounds sbo,ii6
now acquieSce iii the results that have
peen proved over and over again nv No.,
IuaI experience. These forty odd wears
have been the most prosperous wears mis-
nation has ever seen. Beyond question
this prosperity could not have come if
the American people had not possessed
the necessary thrift energy and husinpsey
mtelIlgence TO turn their vast material
resources to account But il is no loss
true that ii is our economic policv as 70
CARDS the tariff and finance which has
enabled us as a nation to make such good
use OF the individual capacities of our
CITIZENS ana the natural resources Of ot,,.
country. Every class of our neonla is
oenehted by the protective tariff Dur
ing the last few years the merchant has
seen the export trade of this country
grow faster than ever in our prsvioI,s
history The manufactu could not
keep his factory running if II were NOT
Tor the protective tariff. The waReworlx
er would do well to remember that if pro
lection Is robbery and is to he puniSbe5
accordingly he viii be the first to paw the
penalty. for either he will be turned adrift
entlrely or his wages will be cut down To
the starvation point. As conclusIyelv
SHOWN by the bulletins of the bureau of
labor. the purchasing power of the aver
age wage received by the vagpvvorlxar
mas grown faster than the cost of living
and this in spite of the continual short
ening OF working hours. The Accumulate
IF f1,a
country, as shown by the deposits in tba
savings banks have increased by leans
and bounds. At no time in the history.
or this or any other country has there
peen an era so productive of mate rial
oeheht alike to worSingman and employ
er as during the seven years that have
just passed.
The farmer has benefited quite as
much as the manufacturer. the merchant
and the wagoworker The most vel
come and impressive fact established b,,
the last census is the wide and even dis
trlbution of wealth among all classes of
our countrymen. The chief agencies in
producing this distribution are shown by
the census to be the DEVELOPMENT of man
ufactures and the application Of new in
Nentions TO universal use. The result has
been an increasing interdependence OF
agriculture and manufactures. Agricul-
1uFe A. j q. aS Il always has been the
naS's e" civilization. The 100000 farms
OF the United States operated by men
who ms class are steadfast single mind
cd and industrious. form the basis of an
the other achievements OF the American
people and are more fruitful than all
their other resources. The men on those
100000 farms receive from the protective
tarin what they need most. and that is
the pest or all possible markets. All 9TH
er classes depend upon the farmer but
the farmer in turn depends upon the
market they furnish him for their pro-
duce: The annual output OF our agricul-
tural products Is nearly four billions OF
collars Their increase in value has been
prodiStous. although agriculture has lam
gulshed in most other countries. and the
main factor i'm this increase is the CORE
spending Increase OF our manufacturing
industries. American farmers have pros-
pered because the growth OF their mar
ket mas kept pace with the growth of
their farms. The additional market con-
unually furnished for agricultural prod-
ucts by domestic manufacturers has
peen Tar in excess of the outlet to other
lands. An export trade in farm products
is necessary to dispose of our surplus
and the export trade of our farmers both
IN animal products and i'm plant products
has very largely increased. Without the
enlarged home market to keep his surplus
down we should have to reduce produc-
lion or else feed the world at less than
the cost OF production. In the forty
Years ending in 1900 the total value of
farm property increased twelve and a
half billions OF dollars, the farmer gain
ing even more during this period than
the manufacturer. Long ago overpro-
duction would have checked the marvel
Gus development of our national agricul-
ture but for the steadily increasing de-
mand of American manufacturers for
farm products required raw materials
Tor steadily expanding Industries. The
farmer has become dependent upon the
manufacturer TO utilize that portion of
his produce which does not go directly to
GOOD supply. In 1900 81 per cent or a lit
tie over half, of the total value of the
farm products of the nation was con-
canned in manufacturing industries as the
raw material of the factories Evidently
the manufacturer is the farmers best
and most direct customer. Moreover tho
American manufacturer purchases his
farm supplies almost exclusively in his
own country. Nine-tenths of all the raw
materials of every kind and description
consumed in American manufactures are
Of American production. The manufac-
turing establishments tend steadily to mi
crate into the heart of the great asricul-
tural districts. The center of the manu-
featuring industry in 1900 was near the
middle OF Ohio. and it is moving west
ward at the rate of about thirty miles
in every decade and this movement is in
Variably accompanied by a marked in
ersase In the value OF farm lands Local
causes, notably the competition between
new farm lands and old farm lands tand
mere and there to obscure what is happen
AHbS bht IL ~ as certain as the operation
or any economic law that in the country
as whole farm values will continue to
increase as the partnership between man.
ufacturer and farmer grows more init
mate through further advance of indus
trial science. The American manufac-
turer never could have placed this nation
at the head OF the manufacturing ma
lions of the world if he had not had be-
mind him, securing him every variety of
raw material, the sxhaustless resources
OF the American farm, developed by the
skill and the enterprise of intelligent and
educated American farmers. On the 9TH
er hand, the debt of the farmers to the
manufacturers is equally heavy, and the
future OF American agriculture is bound
up in the future of American manufae-
lures. The two industries have become.
under the economic policy OF our govern
ment, so closely interviewer, so mutually
interdependent that neither can hope to
maintain itself at the high water mark
OF progress without the other. Whatever
makAs fhR Of 10 lIxyI