The Oskaloosa herald., 1904-07-28
PRES. Roosevelt
SOHNDS KEYNOTE
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OUilWUO MIHUIL
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regard to whether he was appointed
under a republican or democratic
administration. This is the eficien,
way to turn the rascals out and TO
keep them out, and it has the merit
of sincerityaa
Finances In Good Shape.
i Under the financial legislation
\ which we have enacted there is now
ample circulation for every business
need; and every dollar Of this circu-
lation is worth a dollar in gold, We
have reduced the interest. bearing
debt and in still larger measure the
interest on that debt. All Of the war
taxes imposed during the Spanish war
have been removed with view to re-
lieye the people and to prevent the ac-
emulation of an unnecessary surplus.
The result is that hardly ever before
have the expenditures and income of
the government so closely correspond
ed In the fiscal year that has just
closed the excess of income over the
ordinary expenditures was nine mil
lions of dollars. This does not take
account of the fifty millions expend-
ed out of the accumulated surplus for
the purchase of the Isthmian Canal.
1t is an extraordinary proof of the
sound financial condition of the ma
ton that instead of following the u.s.
ual course in such matters and throw
ing the burden upon posterity by an
issue Of bonds, we were able to make
the payment outright and yet after
it to have in the treasury a surplus OF
one hundred and sixty-one millions.
Moreover, we were able to pay this
fifty millions of dollars out of hand
without causing the slightest disturb
ance to business conditions.
Tariff Legislation. rt I
We have enacted a tariff law under
which during the past few years the
country has attained a height of ma.
terial well-being never before reached.
Wages are higher than ever before.
That whenever the need arises there
should be readjustment of the tar
if schedules is undoubted; but such
changes can with safety be made only
by those whose devotion to the prin-
cipIe of protective tariff is beyond
question; for otherwise the changes
would amount not to readjustmenC
but to repeal The readjustmenr
when made must maintain and not de-
stroy the protective principle. To
the farmer, the merchant, the manu-
facturer this is vital; but perhaps mol
other man is so much interested as
the wage-worker in the maintenance
of bur present economic system, both
Al regards the finances and the tarifr, ]
y, tbs coming race meeting IsI. ig 81: his Mi,
The standard of living Of our wage
workers is higher than that OF any
other country, and it can not SO re-
main unless we have a protective tar
Tiff which shall always keep as a min
imum a rate of duty sufficient TO
cover the difference, between the, Ia
Dor cost here and abroad. Those
who, like our opponents. "denounce
protection as a robbery" thereby ex-
plicitly commit themselves to the
proposition that if they were to re-
wise the tariff no heed would be paid
to the necessity of meeting this diff
ference between the standards OF liv-
ing for wage-workers here and in
other countries; and therefore on this
point their antagonism to our posi-
ton is fundamental. Here again we
ask that their promises and ours be
judged by what has been done in the
immediate past. We ask that sober
and sensible men compare the work
ings of the present tariff law, and the
conditions which obtain under it,w1tn
the workings of the preceding tariff
law of 1893 and the conditions which
that tariff of 1898 helped to bring
about. ,s8;gay
.5.41s Mckinley Reciprocity.
we believe in reciprocity with for
leign nations on the terms outlined in
President McKin1ey's last speech,
which urged the extension of our for
Iieign markets by reciprocal agree
ln1ents whenever they could be made
without injury to American industry
and labor. 1t is singular fact that
the only great reciprocity treaty re-
Gently adopted-that with Cuba--was
finally opposed almost alone by the
representatives Of the very party
which now states that it fayors reel
procity. And here again we ask that
the worth Of our words be judged by
comparing their deeds with ours.
Capital and Labor.
We recognize the organization Of
capital and the organization of labor
as natural outcomes or our industrial
system Each kind Of organization e
4 IN ha favored So long as il acts in @