The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1904-10-05

4
duction by means Of reciprocal trade
treaties, which the republican admins
, tration, implicitly at least promised tc
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 =, &c =: s 49,: .. -:
Even now the argument most fire.
quently urged in behalf of the Dingley
tariff, and against tariff reform gem
orally, is the necessity of caring for our
infant industries. Many Of these in
dustries, after hundred years of lusty
growth, are looming M 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
which 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
ing company, to be found in the one
hundred and eight-first volume of the
United States supreme court reports,
at page 92 it decided that common
law principles could be applied by
United States courts in cases inyclv!.S
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
treaties would enure to both. That
The consumer would be helped is I'M
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
changed in its significance Once from
he manufacturers point Of view, it
meant expansion; to-day the mar
7elous growth of our manufacturing
Industries has far exceeded the con-
;umptive capacity of our domestic
and the term Home Market"
implies contraction, rather than ex-
oansion. If We would run our mills
20 their full capacity, thus giving
steady employment to our workmen
md securing to them and to the manu-
'acturer the profits accruing from in
creased production, other markets
must be found. Furthermore, when
our manufacturers are dependent on
Jaw materials in whole or part i'm
ported, it is vital to the extension
Of their markets abroad that they
secure their materials on the most
favorable terms.
Our martyred President, William
appreciated this situation.
He pointed out in his last address
10 the people that we must make
trade arrangements If I'VE
shall extend the outlets for our in
'reasing surplus" He said, "a system
which provides a mutual exchange of
is manifestly essential to
the continued and healthful growth
Of our export trade. The
period Of exclusiveness is past. The
expansion Of our trade and commerce
Is the pressing problem. Commercial
wars are Improbable A policy of
good will and friendly relations will
prevent reprisals. Reciprocity treaties
are in harmony with the spirit of the
times; measures of retaliation are
not"
This argument was made in the in
terest of our manufacturers whose prod
ucts, he urged, 'have so multiplied,
that the problem of more markets re-
quires our urgent and Immediate
attention" He had come to realize
that the so-called stand pat" policy