Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1904-09-26
tConcluded from Page one)

makes Il necessary that tariff reform
should be p~rudently and sagaciously
undertaken, on scientific principles,
10 the end that there should not DC
m immediate revolution in exisilrg
conditions.
In the words Of our platform We
demand IA revision and n gradual 70
duction ~ the tariff by the friends
az the mast. and for TIE common
veal. and moi by the friends OF us
abuses. It's extortions and dlscriml'
nations"
In my response TO your committee
pointed out the method under Which
a gradual reduction OF customs dues
may be accomplished without disturb
ng business conditions. desire
again to express the opinion hat this
method should be followed.
II Is true that the republicans, who
do not admit In their platform that
the Dingley Tariff needs the slight
est alteration, are likely to retain q
majority OF the Federal Senate
throughout the next Presidential term,
and could therefore, II they chose,
block every attempt at legislative
relief. But II sould be remembered
that the republican party includes
many r%evisionlsts, and l believe II
will shrink from defying the popular
will expressed Enthusiastically and per-
emptorily at the ballot bx.
The people demand reform OF ex'
listing conditions. Since the last
democratic administration the COSY
OF living has grievously increased.
Those having fixed incomes have
suffered keenly; those living on
wages, II there has been any increase,
know that such increase has not Kept
pace with the advance In the cost OF
living, including rent and the neces-
saries OF life. Many to-day are out
of work, unable TO secure any wages
Mt all. To alleviate these conditions,
In so far as Is In our power. should
be our earnest endeavor.
Trust Remedies.
pointed out in my earlier response
the remedy, which In my Judgment,
can effectually be applied against
monopolies, and the assurance was
then given that II existing laws. IN
GLIDING both statute and common
law, proved inadequate, contrary TO
my expectations, l favor such further
legislation. within constitutional limi-
tations, as will best promote and safe
guard the interests Of all the people.
Whether there is any common law
which can be applied and enforced by
the Federal courts. cannot be deter
mined by the President, or by a can
didate for the Presidency.
The determination OF this question
was left by the people In framing the
Constitution, to the Judiciary and not
TO the Executive. The Supreme Court
of the United States has recently
considered this question, and, In the
case Of the Western Union Telegraph
Co. VS.. The Call Publishing Co, TO be
found Il the one hundred and eighty
first volume OF the United States
Supreme Court reports, Mt page w,
1t decided that common law principles
could be applied by United States
courts In cases involving Interstate
Commerce, in the absence of United
States statutes specifically covering
case. Such Is the law of the land.
Reciprocity.
In my address to the notification
committee | said that tariff reform
''is demanded by the best interests
OF both manufacturer and consumer
With equal truth 1t can be said that
the benefits Of reciprocal trade treat
les would ensure to both. That the
consumer would receive great ben
eft by extending his markets abroad
hardly needs demonstration. His pro-
ductive capacity has outgrown the
home market. The very term home.
market has changed in It's signifi
canoe. Once. from the manufactur.
ers' point OF view, II meant eypan.
zion; to-day the marvellous growth Of
our manufacturing industries has far
exceeded the c%onsumptive capacity of
u domestic markets, and the term
"home market Implies contraction,
rather than expansion. II we would
VI our mills 10 their full capacity.
thus giving steady employment to
our workmen and securing to them
and TO the manufacturer the profits
accruing from increased production,
other markets must be found. Furth
ermor when our manufacturers are
dependent on raw materials in whole
or part imported. II is vital to the ex.