Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1904-07-28

Il
| saries of life which we do not produce
| There are gentlemen who grow facet Gus al
the thought Of reciprocity In non competitive
articles. They decry II sill y, II not inn
possible. and yet there the whole repabl,-
| can party, In discussing the subject Of Ieci-
procity.. declares that free admission must
| be confined to that which we do not pro-
| duce.
| In 1900 the party said: We favor the as
| seciated policy or reciprocity, so di ected as
70 open our markets on favorable terms for
what we do not ourselves produce r,turn
Tor free foreign markets. Again we dec are
that free entry is to be confined to that We
do not ourselves produce. Es
In this year We have said: We declare
our constant adherence TO the following
principles: Protection, which guards aid
protects our industries, Is cardinal princi-
pie OF the republican party. 1he measure Of
the difference in cost OF producing at holnc
and abroad. We insist upon the mainte-
nance OF the principles OF protection and
therefore rates OF duty should be readlu ted
only when conditions have changer that
the public interest demands their alter.-
ton, but the work cannot be safely COM
mitted to any other hands than those OF the
republican party. To inslrust Il to the
democratic party Is to invite disaster, as in
1892 The democratic party deciar ng the
protective tariff UNCONSTITUTIONAL, or whether
II demands tariff reform or tariff reyslCn,
its principle object Is always the destru~ tlon
OF the protective system. However spacious
the name, the purpose is always the same.
democratic tariff has always Oeen followed
by business reverse republican tarln by
business prosperity. We have extended wide
ly our foreign markets, and we believe IN
the addition of all practicable methods for
their future extension, including commsrc al
reciprocity wherever reciprocal arrans emsnts
can be effected consistent with the pr,nc.-
pies OF Protection and without injury to-
American ayr culture, American LABOR, or
ANY Amer can INDUSTRY sAs
Among the men whose memory is dear to
the American pe,pie tWlnam Mchi.l
Va N dan raaf Ais
political life was devoted to the promot on
OF republican theories, republican prime pes
and to securing republican successes He
stood among the first of those VINO were be-
levers IN a system OF protection that would
be effective; that would bring about results.
His whole life was constantly devoted TO
strengthening protection as a sentiment
among the American people. While he lived
no man claimed that in thought or deed he
had ceased to be the earnest friend of this
principle. But lateriy certain men clat m
that his convection had undergone CHANGE,
and that in his last moments he was ready
to destroy, in part at least, that system
that he mad devoted a life to upbuilding,
and in support OF stories of change they
quote the speech made by Mckinley at But
falo on the day before his assassination. Let
me read sentence from the speech; a con-
trolling and qualifying sentepce that was
meant to control and qualify every other Ut
terance in that speech: We should take
from our customers such of their products.
as we can use without harm to our indus
tries and our labor Our industries and
our Labor including all of our interests: ali
OF our labor. 1t was these; these industries,
this labor, that was not to be harmed in
these new attempts to extend our markets.
Again we declare that protect on is one OF
our cardinal principles, and that it is to be
applied to all our industries, and that it's
measure Is to be at last equal to the diff
ference in the cost of production at home
and abroad, and that its terms and incidents
are to be stable and to be disturbed by re-
adjustment only when changed conditions
demand their alteration in the interest of
the public And we further declare that
this doctrine of protection to be universally
applied shall not be carried by reciprocal ar
rangements that would injuriously affect
American agriculture, American labor or any
American industry. That word, any, has
escaped the observation. of some OF our le-
publican friends. l want to cal their atten-
ton to it and to impress upon them that the
republican party has said that it will not
favor any arrangement, with any country
that jeopardlzes the interests of any OF our
American industries, which is a renewed
and most emphatic declaration on the part
of the party that all reciprocal arrangements
are to be confined and limited to, the non
competitive article.
Il am told that during the past two or
three years there have been some differences
of opinion en,artained by members of the
republican oILanlzatIon in Iowa. Happily |
the heartiness with which all republicans in
the state have accepted the declarations and |
doings OF the last republican. convention |
snes me warrant to say that We now Of
one accord; of one opinion. of one belief.
AS republicans we claim that the elector-
ate OF the country can safely trust our or
ganizaton. We point to our thirty six years |
OF control; to our constructive legislation /. |
to our successful admin strat1on as an earn-
We point to the material progress that has |
been made; to the high ideals that have |
been obtained to the general prosperity of
our people. Our political theor es, no less
than our political conduct. during these |
years of struggle and activity, justify con-
ndenee. Without confidence in the wisdom |
and virtue of a governing power we must |
have disaster. Our capacity to do business |
is based largely upon public confidence.
THE transactions OF the clearing house |
In New York amounts to many scores of bill |
lions of dollars each year. Their transact |
tons in a single week exceed in amount tle |
entire circulating medium of the whole coun-
try. These and similar transactions are pos
sihle because of the credit capital that We |
per cent of the business transactions OF the |
United States are done with actual money.
and that IS 4-1O per cent are done with some |
form of credit capital-checks. notes, bonds, |
drafts. The existence OF this credit capital |
is dependent largely upon the confidence the |
public have in the wise and iudicious ad- |
1892 was prosperous far as business |
was concerned, but in November of that |
year the democratic party elected president |
and congress. They had declared that il |
they were successful they would destroy the |
protective tariff enacted two years earlier. |
The public believed they would do the things |
that they nau pleQHeQ to do II they were
successful. The public believed that this &C |
ton would be harmful in the extreme to the |
business interests Of the country. The re-
suit was that confidence in the business \
prosperity of the future shriveled like chaff
in the conhagration. Credit capital was
largely destroyed. The capital to do business
was largely curtailed, and panic, the re-
suit of fear, the result of want Of conf
dence in the democratic party, produced bus
mess commissions that wiped out colossal
fortunes in day, and threatened govern
meut and people alike with bankruptcy, a
most grevious disaster. Economic laws had
not been changed, These results were pro-
duced by the knowledge that the democratic
party was in power; that it was pledged to
would carry out these policies. That party
is again appealing to the American public
asking to be trusted with power, but declar-
ing that If entrusted with power 1t will carry
out the policies, substantially of twelve years
ago. The question now for the American peo-
pie to determine Is. does wisdom dictate
that should pursue such lines of con-
duct as will reproduce the experiences that
followed democratic success in 1892?
THE principles and policies of the re-
publican party have stood the worlds scrut-
my for fifty years. and aave met, in great
measure. the approval Of the American peo-
pie. The republican party has nomn mated for
its candidates for president and vice presi- |
dent two of its most renowned and well be-
the virtue and the wisdom to make effective
these policies and theories OF the party
And we in Iowa hail the nomination of Theo-
dore Roosevelt and Charles w. Fairbanks as
guarantees of success in the November cleo
ton. ......... ....... 81, H.. ... ..
A full-grown elephant can carry
~ ~.