The daily morning journal and courier., 1904-12-02
to commereIaI RecIproeIty.

Revision Was EssentIal ana It VIII
 Not Hesitate in the Future-Adheres
 to Commercial Reciprocity.
 Boston, Dec. 1.-Before an audience of more than 5000 people Vice Presi- dent-elecs Charles w. Fairbanks of In diana, defined the attitude of the repub- lican administration on the tariff ques- tion at the annual banquet of the Home Market club in Mechanics hall tonight. Among the other guests were Governor John L. Bates of Massachu- sets, former Secretary of the Navy John D. Long, pr. W. H. Montague of Toronto, privy councillor of the Do- minion of Canada; Governor John McLane of New Hampshire and Gov ernor-elect Henry Roberts of Connecti- cut.
 The speakers were Senator Fairbanks, Governor Bates. Secretary Long and Dr. Montague.
 Former Congressman Robert T. Davis ; of Fall River, president of the club, acted as toastmaster and in his open ing remarks claimed that the growth and prosperity of the United States I was due chiefly to the republican con trol of affairs for the past forty years.
 In referring to the principle of pro- tective tariff wrich is fostered by the 3 Home Market club, he said that the leading members of the national house 1 of representatives and senate were /. shortly to confer with the administra- tion on the subject of tariff revision. And he added, I've are willing to- ! stand by their judgment as to the time < and nature Of such revision. |
 The address of Governor Bates, who ' was the first speaker, was replete with witticisms, particularly when he re- ferred to his own defeat at the recent state election. The governor praised the work of the Home Market club for standing by one idea fin season and out of season.
 Colonel Albert Clark, the secretary of the club then read telegrams of re- gret at their inability to be present from President Roosevelt, and the Mas sachusetts senators, Henry Cabot Lodge and William Murray Crane. ' President Roosevelt's message was as follows: 'I regret extremely that I cannot be with you. congratulate you upon having the vice president elect li for your guest. | wish you most en- joyable evening".
 4 Vice President-elect Fairbanks was then introduced and said:
 tThe development of our domestic
 market since the beginning of MT. Lin- coln's first administration until now has been so stupendous as to defy ac- < curate computation. No one can ade- quately comprehent it's vast magnitude. M We have witnessed it's rapid increase under the stimulating effect of the protective policy enunciated in the plat form adopted at Chicago forty-four years ago. We have seen the value of all manufactures in the United States increase from less than 2000,000,000 to more than S19,0O0 000, 900 in the period of Sthirty years preceding the last nation z al census. We have observed our total manufactures rise until it is but little Hess than the manufactures of the Unit fed Kingdom, Germany and France com bined We have witnessed the trans fer of industries from foreign countries to our own shores; we hay oted the inn migration of countless thousands from foreign industrial centers to industries erected in our own country We have lseen them renounce their allegiance to alien governments and become Ameri- can citizens because our policies open led to them new and promising fields of opportunity.
 k We have never been indifferent to possessing in the fullest possible. degree our share of the markets of other coun- tries. We were never in a better posi- ton to push our peaceful commercial conquests to the uttermost parts of the earth than we are to-day. With one hand we safeguard the domestic mar 3 ket-more essential to us than all oth- CTS and with the other we reach out for those which lie beyond our borders. This is predicated upon sound national policy. upon considerations of the high lest national interest. It may be said Z by some to be q selfish policy. It is, Z however, only that enlightened selfish hess which is the inspiration of trade and commerce.
 "The expansion of our foreign con- 'merce under republican policies and re- S publican administration is conclusive sevidence of the fact that republican spolicies are not restrictive so far as our foreign trade is concerned. In 1860 our Rexports of manufactured products to sother countries amounted to only $102,- boo. .000, while last year they reached the enormous sum of S452, ,00O0OO
 i've have been rapidly increasing our wealth throughout foreign commerce. jThe balance of trade is greatly in our lfavor, and if we but adhere to the poll icies and uphold the administrations (which have so splendidly served us in the past the golden currents from all i the ports of the earth will continue to How hither in large, if not increasing, degree. Our foreign trade balance con- < stitutes record without parallel in bur own history or in the history of any /, country of which we have knowledge. :, From the beginning of George x 1lWashington's first administration to lWilliam McKinley's first term the net balance iii favor of the United States :, was $3SS, ,OOO,000: since the beginning of Presldent McKinleys first term until March, 1904, the net balance in favor bf the United States was upwards of X g3, 800, ,0000OO It would seem the part of wisdom to hold fast to those measures and that administration of public afa ,-N -- :, =. : (, n, . < ------