Orange County observer. [volume] (Hillsborough, N.C.) 1880-1918, 1904-07-14

mon sense should, existing conditions,
hnweyer wrongfully, mistakenly or un-
i,,stIy brought about, n the danger
70 the cause of tariff reform itself Of
abrupt and revolutionary reversal of
policy.
1--WE should bear in mind, in short,
these two thinge:
.First. The general principle that the
sole derivation of the power of taxa
ton is the support Of the Federal gov
inner economically, effectively and
constitutionally administered, and, Sec
ond. the equal truth that in the asser-
ton of any general principle and in
reaching any ultimate end. however
sacred and logically unavoidable. due
regard. but only due regard must and
should be paid to actually existing con
ditions.
TARIFF ON TRUST PRODUCTS.
"5. We favor the reduction of tariff
taxation upon trust-produced~ articles
to the point where foreign competition
may enter the American marked when
ever trusts and combines, seeking mo-
nopoly, raise their prices to the Ameri-
can above a reasonable and
Just profit, by such reduction depriving
trusts and m%onopolies of the power to
extort from the American people I'M
der shelter of American law, prices
higher than those charged foreigners
for identical articles.
IsTHMIAN CANAL FAVORED.
"The Isthmian Canal: Our party
having long and earnestly advocated
the construction of an l~nter-Oceanic
canal for the purposes of national de-
Tense and commerce between the States
and with foreign nations, we favor the
early completion of the Isthmial Canal,
But while making this declaration and
accepting the results of an accom-
plished and irreversible fact, we cannot
too forcibly express our disapprOval OF
the methods by which, in disregard Of
the usages and obligations Of %interna-
tional law and treaty obligations ca
nal route has been required, or 200 sol
EMMY record our hope that this pre-
cedent of defiant diplomacy may never
be used against us to our humiliation
and injury.
TRUSTS DENOUNCED.
"Trusts and Unlawful Combinations:
We recognize that the gigantic trusts
n combinations designed to enable
capital to secure more than it's just
share of the joint product of capital
and labor and which have been fostered
INT promoted under Republican rule,
are a to beneficial competition
and an obstacle to permanent business
prosperity. We demand the vigorous
and impartial enforcement of the laws
already made to prevent and control
such trusts and combinations and we
favor such further legislation in re-
straint thereof as experience shows to
be necessary.
Corporations chartered by authority
of the people must forever remain sub
iect to regulation in the interest of the
people. A private monopoly is indefen-
sible. We recognize the right of capital
In all legitimate lines Of enterprise to
combine for the increase Of business
for charging productive capacity and
for, decreasing the cost of productions;
but when such combination in its pur-
pose or effect. creates, or tends to Gre
ate a monopoly in it's productions, to
restrain trade or to sti1e competition;
to increase cost to the consumer or to
control the market. it violates the
spirit Of the laws, because inimical to
public welfare and peace and should be
so regulated, controlled or prohibited
by law as to amply protect the public
interests.
w demand that the restraint OF
such illegal combinations be entrusted
to the Democratic party which is not
responsible for their existence, and
which has ever protested against their
continuance.
TRUSTS CONDEMNED.
"We condemn the Republican system
of legislation under which trusts mo.
nopolies are enabled to exact higher
prices for their manufactured products
from our own people than they sci
them for abroad.
demand an enlargement of thu
, powers of the interstate commerce
commission to the end that the travel
ing public and shippers of this countr,
may have prompt and adequate relic
Tor the abuses they are subjected to il
: the matter Of transportation.
Monroe Doctrine: We favor tn
, maintenance of the Monroe doctrine il
t it's full integrity.
Reciprocity: We favor a liberia
trade treaty with Canada.
t Army and Navy: We favor the re
: ductlon Of the army and Of army ex
t penditure to the point historical
Y demonstrated to be safe and suficienr
o we favor the maintenance and libers
t annual increase Of the navy as our bes
defense in our isolated continental cor
= dltions against foreign foe and
Y source of no possible LANCER to our lii
critics as a people.
4 I'VE favor the enactment and az
e ministration of laws, giving labor an
capital impartially their lust right