Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1904-10-12
DAVIS On THE ISSUES.
DEMOCRATIC CANDIDATES Let.
TER OF ACCEPTANCE.
IssAlarmed at the Nation's Extrava-
gance-sees Evil In Tariff and Says
Democrats Favor Wise, Conservative

The letter in which Henry G.. Davis
accepts the nomination for Vice Presi-
dent on the Democratic national ticket
practically Is repetition Of his speech
of acceptance some weeks ago. He &C.
cuses the Republican administration Of
extrayagance, declares the year 1904 will
see q deficit In the national treasury of
$1dOO0O,O0O. He quotes figures to prove
tnat >the cost of governing the United
states Is much greater per capita under
Roosevelt than 1t was under Buchanan
or under Cleveland. He "hails as the
harbinger Of new era" the beginning OF
the Panama canal, but disapproves Of the
action of President Roosevelt In recog-
nizing the Panama republic, and declares
that the act is the first fruits Of inpe-
riaiism. Mr.. Davis says the Democratic
party stands for a wise, conservative
and gradual change in the tariff laws
but says 1t will "legislate with due re-
gard for the labor and capital involved
tn industrial enterprises"
Text Of the Letter.
The letter Is addressed to John Sharp
Williams, chairman Of the committee Of
notification. It is as follows:
Dear sirs-In accordance with custom,
and my promise when notified by your COM
mittee at White sulphur Springs. on Aug.
u, Of my nomination for the office Of Vice
president, submit the following observa-
lions upon some Of the questions now be-
fore the country.
The times are propitious for the rein.
statement Of the Democratic party In con.
tro! OF the government. The public mind
Y being disiilusioned Of the pretension Of
the Republican party, so long and 80 AFRO
gantly made. that the material prosperity
OF the country depends upon its own as
tendency. Thoughtful and patriotic peo-
pie are becoming more and more dlstrust..
the present administration, and are more
than willing to see 1t replaced by one that
peter recognizes constitutional and other
lawful restraints, They demand thnt the
present wasteful extravaganza In. the ex-
nenditure OF the money. drawn by taxn.
tion from the industry OF the people,, shall
cease. and that economy and honesty In
the public service shall he again regarded
as virtues in the high places Of the gov
eminent. 3
Mr.. Davis quotes figures to show that
the expenses OF administering the gov
eminent under Buchanan were $2.O1 per
capita, under Cleveland $500 per capita
and under Roosevelt fila per capita. He
argues that this shows an alarming
growth of extravaganza. He says
thoughtful and patriotic men, are
alarmed over the growth of Imperialism,
which he holds responsible for the Pan
ANA revolution.
Tariff Is Too High.
The letter, continuing, declares the
existing tariff rates are too high. He
says:
The The average selling price Of a hundred
steel list, Is found to be about 20 per cent
higher In this country than abroad Relief
from these conditions will only come
through the success Of the Democratic par
and gradual change in the tariff iaws,
which will equalize the burdens Of taxa.
ton md make honest competition possible.
But IN making such changes Its purpose
WILL be to legislate withSa due regard for
the labor and capital involved In Industrial
enterprises. VI 81 -,
1t p estimated that there are In the
nations Of capital and corporate interests,
known as trusts. which have grown up IN
the last few years under Republican rule.
Some OF them are 30 conducted as to be
pernlcious and harmful to the general In
tercst. With the power they are able to
exert, they can lessen competition. control
prices, and regplate to their own adyant-
en- sne away aw q supply and demand lndi
rivals, and the natural right, of nll persons
to barter and trade Is unnntnraliy restrict
ed. The effort Of these trusts Is to control
or mOnopolize, and these m0nopolies, when
unrestratned, seem to produce conditions
which. bring about strikes aud disorders,
aud disturb the business affairs OF the
county. II =.
The declaration in the st. Louis platform
In favor Of arbitration Is one that appeals
to my-sense of fairness. Nations aud
States have employed to advantage this
method OF settling disputed questions,
States have invoked Its aid with good re.
suits, and individuals frequently have re-
sort to It In adjusting questions Of differ
sentiment Of Cancellation, Is the highest
practical expression of Intelligent thought
Frnnd in Public Service.