New-York tribune., 1904-09-22
FAIRBANKS ON ISSUES.
Continued from first page.

abolish the pernieious system Of rebates under
which large shippers could crush their smaller
competitors These are important practical
steps taken by Republican President ana a
Republican Congress for the protection OF tns
people against the eDcToachments OF combined
capital
The Democratic party has done nothing to-
ward safeguarding legitimate interests ana re-
straining cOmbina tions effected for eXtortion OF
other improper purposes. II proposes as prln-
cip2l remedy for unjust combinations 10 re-
move the tariff from trust made SoodS, tileIeoy
inviting the foreign producer to occupy our nome
market in attempt to regulate our own 1nOuS-
tries 1t has assumed that the so-called trusts
are either crea ted or fCsterad bv the tariff. The
assumption is fallaciOus. Trusts are found IN
free trade countries. and they control coIlillOuI-
ties in this country which are upon the free
list
The Republican party is more direct and ra-
tiOnaL II does not strike down good and bad
alike. 1t invokes the authority OF Congress ana
the power Of the courts to deal with specific,
well defined combinations in restraint or the
rights and interests OF the people II Is as m
sistent upon the protection OF capital employed
in wholesome enterprise as IN preventing its
in contraventlOn of the public interests
UNFOLDING THE GOLD STANDARD
The convention very properly declared 1t TO
be the duty 0e the Republican party 10 uphOlu
the gold standard" There is no more iinporse-I1 @
duty than to maintain the stability and the chaI-
Rcter Of the money of the people Ihelr 4I!aI-
fold exchanges should be effected in cuIIei.cy 4y
free from blenlsh as the nauonal IhLSsrlIS
The Republican party has been essentialIy any t tiIG
guardian OF the financial credit OF the county
and the steadfast supporter or souIa cui s S
1t has maintained the national creulI anu 49,, -
served the soundress of our monetary system
against persistent and powerful OpposluoH,
The money question has seemed 10 Dc set'ISN
at various times but the contest has Deeh re-
viVed by the enemies of sound money WHeHoSG1
they have thought that they might De Ii,
We should not relax vigilance IN upnoldIlIS
the integrity OF currency so long as 4 80 90
siderable element OF our country are at Mat at
with il. When Democratic candidates cahnot
hope TO win =. eferment in natlohal ~ ~cOIINet
ton without industriOuSly conceal1nS tnelI iiIOl
etary views. and when Democratic najlona atiS tS
state conventions dare not declare thetL 80 is hss
in the virtue OF the gold standard, the houI h19
not arrived when the forces OF SOUND money
should disband and leave the field -.
We not only established the gold standard, out
provided such safeguards as VIII nlaIntaain
our silver and paper currency at parity with
it. But all OF this may be changed at any tIlne
by hostile Congress or enoangerea ny al vi vi
friendly Secretary Of the Treasury Our Pase s
experience warns us that IL is only queSIcn
Of time when those who are always opposed 10
sound monetary policy will again seek 20 o'si
throw il.
The Republican convention did we'll not only
70 pledge anew our fidelity 10 the gold SCano-
ard but t. declare It's purpose TO upholo IN
integrity and value of our natIonaI curTeACy.
There should be no eQuivocatton or douo[ as 70
our inGexible purpose not only 20 MAINTAIN Ihe
cold standard but to keep ell silver and paper
Currercy al a parity with 1t. The assumption
shat the gold standard Is "irrevocably estao-
lished" does violence 70 the law. Il was estao-
lished by act oS Congress, but the Congress
MAJ alter, amend or repeal that aet at any
time. 1t is no more irrsvocably esca otisned
than are our tariff schedules. The ore may oe
changed as readily as the other Sound money
is so vital to ou- welfare so important 70 our
industrial development. that we should Iet It's
oper enemies or negative friends know that we
abate nothing Of our determination 70 uphc4d
and defend II.
Since 1896 v-e have improved the system as
we'll as increased the volume OF our currency
we have nov in circulation S2,521 15I521. or
$3.50 9l2 COS more than we had seven years ago.
The increase has not been alone due TO The
larger yield OF gold. fer $262, 2,659,559, or nearly
80 per cent Cf the increase. Is composed or sill
vev and national bank notes. which. under the
Republican policy. are essentially the equivalent
Of gold. l. IN The future the emergencies OF
business. which no wisdom can now foresee.
should make additional monetary or financial
legislation advisable the Republican party may
be intrusted 70 enact it along rational lines
PANAMA POLICY RIGHT.
The Presidents course in Panama merits the
most generous approval. He dealt with dell
cate and difficult situation clearly within our
national rights n such a way as TO make pos
sible the early completion of an lsthnian canal.
which has long been demanded II the interest OF
commerce and the national defence. He
concluded the negotiations with Great Britain
10. the abroSation OF the Clayton-BulWer treaty
He negotiated q treaty with the Republic OF
Colombia for the requisite rights and franchises
for the construction and operat on of a canal.
It's ratification was contemptuously refused by
the Colombian government ThereUpon the peo-
pie OF Panama renounced their allegiance to the
parent government and declared their independ-
ence. The President acting within the limits OF
his executive authority and in conformity with
their independence. He negouated a treaty with
Panama whereby the United States ohta ned the
necessary rights and franchises for building ard
operating the canal When the insurrect on oc-
CURED upon the sthmus the President safe
guarded American interests. He acted prompt
ly, but deliberately; prudently, not rashly.
dTnIly, not unlawfully. He usuTped no author
ity He only exercised that executive power
which is clearly vested in him by the Constitu-
ton and which his predecessors had employed
under milar circumstances II he had failed
to appreciate our rights or 10 act firmly and
promptly blood would have been shed and the
rights of American citizens would have been
would have been indefinitely delayed. The
President in due time appointed a commission
composed of eminent engineers and men OF
pract cal experience to undertake the work OF
constructing the canal speedily as prac-
ticable. There IS no longer any doubt or uncer-
tainty as TO the enterprise. It's com pletion is
assured fact. and IL will stand as one of
the memorable achievements of the new cen
tury.
The completion Of this great work should he
left to the administration which has done so
much 20 carry IL forward aga nst for1ndab BILE
obstacles abroad and vexatiOus opposition at
home
THE PHILIPPINE QUESTION.
The administration In the Philippines has been
dictated by u broad sense Of duty. 1t has not
been subverSve OF our national ideals but has
been in conformity with the best trad lions of
the Republic. The archipelago came 10 the
United states as the result OF a war and 1t
became the duty of the administration TO enforce
the laws there as elsewhere, 10 maintain the
national sovereignty and to inaugurate civil
government. Before the insurrect' on had ceased
President Mckinley admirably expressed our
purpose. Said he:
No effort viii be spared 70 build Up the waste
government. We shall not wait for the END ~
strife to begin the oenehcent work. We shall con
the churches. to set the courts in operation ~
thasa