Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1904-07-28
HEPBURN SOUNDS
CAMPAIGN KEYNOTE
Makes Stirring Address as
Temporary Chair
man.
PROTECTION THE GREAT ISSUE
Takes Up the Question of Tariff
and Talks Of the Progress Of the
Policy of Protection--Declar the
Party Can Be Trusted.
Des Moines, July 81. 1904.

| as temporary chairman of the state republi-
can convention, in session in this city, spoke
| in part as follows:
We are practical people, not given to
| speculative Philosophy, and when passing
| upon the merits of a political organ cation
| demand to be shown results. 1t rs in our
| ability to point to results that the repubi-
can party Is confident when 1t appeals to the
people. / may not be able 10 snow you
| Why republican theories are best tor the
| people, but can point you to results that
attest the fact. Prior TO 1851 there was a
| period of seVenty-two years in which the
government of the United States largely
controlled by democratic methods and theo-
rtes revenues, circulation, tar ifs and in
period on these subjects democratic thought
was IN the ascendant Since 1861 there has
been republican period of forty-thrIe years,
less eight. Let me invite your attention to
some comparisons. During the first period,
In our foreign commerce the balance OF
trade was against US in all of the years
save fifteen, and in those fifteen the balances
| in our favor were about one hundred and
nifty millions of dollars. In the other fifty
seven years the balances in our favor were
about one hundred and fifty millions of dol
lars. In the other hfty-seven years the
balances were against US IN an aggregate
| of billion and one hundred millions of
dollars worth more tnan We sold. We ere
ated debt for the neCessares of lie
amounting to this vast sum that We had to
pay by sending out OF the country gold,
our silver, our bonds, our stocks, whatever
was movable that our creditors would take
| in payment of the debt. These were years
OF tarin for revenue, practical free trade so
Tar as the building up of our own home in
dustries were concerned. 1t is true tina. for
short intervals during the period We had
tarln laws tuat were called protective, but
such tariff laws only existed for short time
and at best were insufficient in their rates
and were so constantly assailed by the DEM
ocratic party that they gave but Little per-
manent aid in creating or diyersifying op-
poItunities for labor
But In 1861 we began a system OF protec-
ton We have gone on from time to tine
improving the details, changing our rates
very many times, but holding on inhexib;y
to the idea Of protecting our own labor, pre-
serving our own markets, charging our la
Dor held and increasing the wage of
working men. Our last and best effort IN
this direction we call the Dng.eY BIZ. 1t
has been in force but seven years. 1t has
changed most wonderfully the aspect of eco
monte affairs We are no longer a debtor
nation. The balance CT trade IS no longe:
against us. We are no longer sending
abroad our gold. and bonds, and stocks to
pay for necessaries consumed. During this
period of seven years the balances OF for
eign trade have been nearly four billions of
dollars in our favor. The people of other
nations are sending us their gold and their
valuables in payment for what they buy
from us until We have nearly one third Of
all the known gold in the world as a part
OF our circulating medium At the end of
the first period of which L have spoken our
circulation was a little over four hundred
millions 1t is now seven times that amount.
The democratic party in giving Judge Park
er permission to think and act as he pleases
upon the question of the gold standard and
cognate matters, giving him permission to
run amuck at his own sweet will among all
THEM cherished ideas or ideals, putting them
up or tearing them down just he pleases,
justites this abandonment of all that was
dear to them four and eight years ago, and
all that important to the American
people. by the suggestion that within the
last few years the production of gold has
been so enormous as to entirely destroy their
old theories about the necessity OF sixteen
to one and the horrors that would follow
the establishment Of a gold standard of
measure. The late production of gold is Woe
/ fully
must remember that it is not the United
States that produces vast increase from
the mines. The production is largely from
other countries and it comes to US, or at
least we obtain our share of it, through the
balances of trade that are in our favor. The
production of gold by the world outside of
greater than stated b leading democrats
and yet no benefit come to US under free
trade theories, where the balances of trade
were against us. Even if We produce it in
the United States under these theories our
experiences would be the same as they were
from Al to 81. During this priOd the mines
of the United States yielded about seven
hundred millions of gold, yet we had but
two hundred millions of gold in 1860. We
had free trade. We We're buying abroad.
The balances were against us, and the gold
lures that We ought to have made, but that
we did buy. In 1860 the wealth OF the Uni
ted States was shown by the census to be
sixteen billions. 1t is now believed to be
one hundred billions,
In 1861 the value of the manufactured
products in the United States was one and
three-Quarter billions OF dollars Last year
il was fourteen and a half billions of dol
lars. These are results Tangible things,
infinitely more satisfactory than theories.
And yet there are people who are constant
Ixy hon %
this statute that has done much for us.
People who are our friends join with our
enemies to strike down that statute of wis
dom that has done more than any other
single factor to bring to the blessings
that distinguish US and our people from all
| other lands and all other people.
Some of our friends are greatly disturbed
| about extending our foreign markets. This
| is desirable beyond question. yet there is
| danger in paying too high for this extension.
| Our annual production OF wealth is about
manufactures contribute about five billions:
| the mines and the forests about two bill
| lions. Yet Of this vast sum we sell about a
| billion and a half abroad. 1t is in the home
market that We dispose of nearly twenty bill
| lions of our annual production. These i'm
| mense domestic sales are made possible by
| the high wages paid to labor. The demand
| for labor is created by preserving to 1t the
| home market. The home market of day is
| the product of republican tariff schedules.
| I'm 1892 the declaration of our party
upon this subject said That on ALL i'm
| ports coming into competition with the pro-
| duct of American labor there should be
| levied duties equal to the difference between
wages abroad and at home. This declara-
ton so clear and explicit that ALL Compel
| ing products should be upon the dutable
schedule precludes the idea Of reciprocity in
| competitive articles.
! Elm 1895 we said: Protection and reci-
| procity are twin measures of republican pol
icy and go hand In hand. Democratic rule
The annual loss from the burning
of buildings in the United States Is
about $135, O0O,0 900, not including cost
of insurance and the appliances for
fire protection.
In Morse's American geography
published in 1906, copy Of which
may be seen at the St. Louis Expo
sition, appears the following unique
description: Albany is situated on
The west bank of the Hudson River
This city, in 1897, con
tanned ,2G3 buildings and 6,021 inhab
itants, many of whom are in the
Gothic style. with their gable ends
tow ard the street. ... Pa
Judge mans success by the meth
DDS he used in succeeding.
Doctor found the patient TO be
suffering from abrasion OF the cuticle
tumefaction, ecchymosis, and extrav
asation in the integument and cellu
lar tissue about the left orbit" Judge
you mean he had black eyer
Doctor-"Yes." London Tit-Bits.
He-"After l am out of college
darling, | may have TO wait few
months before can make enough tc
| supDort YOU" She-"It Is so hard tt