The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1904-10-01

ly avowed, of furnishing a basis for re-
duction by means of reciprocal trade
treaties. which the republican admins
t~ration, implicitly at least, promised to
negotiate. Having, on this promise, Sc
cured the increased duties. the repub-
lican party leaders. spurred on by pro-
tected interests, defeated the treaties
negotiated by the executive, and now
these same interests cling to the benefit
of these duties which the people never
intended they should have, and to which
they have no moral right.
Even now the argument most fire.
quently urged in behalf of the Dingley
tariff, and against tariff reform gen.
orally, Is the necessity Of caring for our
infant industries. Many Of these in
dustries, after a hundred years of lusty
growth. are looming up as industrial
giants. In their case, at least, the Ding
ley tariff invites combination and mo-
nopoly, and gives justification to the
expression that the tariff is the mother
of trusts.
For the aforementioned reasons,
among many others, the people demand
reform of these abuses, and such reform
demands and should receive immediate
attention.
In the words Of our platform we de-
mand "a revision and a gradual reduc-
ton of the tariff by the friends of the
masses, and for the common veal, and
not by the friends of its abuses, its ex-
tortions and determinations"
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 If existing laws, in
Guiding both statute and common law,
proved inadequate, contrary to my ex-
pectations. l favor such further legis-
lation, within constitutional limita-
lions, as will best promote and safe
guard the interests of all the people.
Whether there is any common law
can be applied and enforced by
the federal courts, cannot be deter
mined by the president, or by a candi-
date 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 recent
ly considered this question, and, in
the case of the Western Union Tele-
graph company VS.. the Call Publish
company, to be found in the one
hundred and eight-first volume of the
United States supreme court reports,
at page go, it decided that common
law principles could be applied by
States courts in cases involving
interstate commerce, in the absence
Of United States statutes specifically
covering the case. Such is the law
Of the land.
Reciprocity.
In my address to the notification
/ said that tariff reform
is demanded by the best interests
Of both manufacturer and consumer"
With equal truth it can be said that
he benefits of reciprocal trade
would enure to both. That
he consumer would be helped is I'M
Questionable. That the manufacturer
would receive great benefit by extend
ng his markets abroad hardly needs
demonstration. His productive capac
ty has outgrown the home market.
The very term Home Market" has
hanged in its significance. Once, from
he manufacturers point Of view, 1t
meant expansion; to-day the mar
'elous growth of our manufacturing
has far exceeded the con-
iumptlve capacity of our domestic
markets, and the term Home Market"
IMPLIES contraction, rather than ex-
If we would run our mills
o their full capacity, thus giving
teady employment to our workmen
nd securing to them and to the manu-
acturer the profits accruing from in
production, other markets
must be found. Furthermore, when
Iur manufacturers are dependent on
aw materials in whole or part i'm
it Is vital to the extension
f their markets abroad that they
ecure their materials on the most
avorable terms.
Our martyred President, William
1cKinley, appreciated this situation.
Ie pointed out in his last address
0 the people that we must make
ensible trade arrangements If eve
hall extend the outlets for our in
reasing surplus" He said, "a system
which provi-es a mutual exchange Of
ommodities is manifestly essential to
he continued and healthful growth
Z our export trade. The
eriod of exclusiveness is past. The
expansion of our trade and commerce
3 the pressing problem Commercial
yars are Improbable. A policy of
God will and friendly relations will
revent reprisals. Reciprocity treaties
re in harmony with the spirit of the
ines; measures of retaliation are
OF"
This argument was made in the in
crest Of our manufacturer whose prod
cts, he urged, have so multiplied.
hat the problem of more markets re-
uires our urgent and immediate
ttention." He had come to realize
hat +ba cosoa1led "stand NIT" noIioy