Durango semi-weekly herald., 1904-09-26

publican and Democratic parties. VIC
are fortunately able to consult pas,
experience. What a revenue tariff
viii accomplish we know, for we have
hitherto seen how 1t has arrested in
dustrial development and embarrassed
enterprise to the injury of both labor
and capital, Neither escapes its blight
ing effects.
Commercial reciprocity with foreign
countries consistent with the prin.
ciples of protection" has long been
one of the well recognized policies of
the Republican party The present ad-
ministration, in the face of serious
Democratic opposition. secured IA
treaty or reciprocity with Cuba. which
promises to give us control of a large
share of the commence of that island.
| Both Presidents Mckinley and
Roosevelt attempted to negotiate a
treaty of reciprocity with Canada
That subject together with the Alas.
kan boundary and other matters. was
submitted to a joint high commission
for consideration, but the differences
which arose between the American
and the British commissioners with
respect to the boundary made it i'm
| possible for the commission to agree
upon any of the remaining subjects
| submitted for its determination The
American commissioners desired to
| grant the boundary dispute to the two
governments and to proceed with the
consideration of all other questions
Including reciprocity, but the British
| commissioners declined to proceed
| further while the boundary question
remained undetermined. Subsequently
boundary commission was created
and the boundary line has been set
| tied. but no agreement has been
| reached for further consideration of
the remaining questions embraced in
the protocol. 1t is hoped that the two
governments may be able to agree in
due course to take up the subject of
reciprocity with Canada according to
the principles laid down in the Repub-
lican national platform
The platform appropriately recog.
nizes combinations of capital and la
Dor as the outgrowth of our econom.
ic development. and as entitled to the
equal protection and subject to the
like restrictions of the law.
The administration has enforced the
Sherman antitrust act, which was of
Republican origin, in cases where
combinations have been formed in
violation of its provisions. The law,
which was regarded as ineffective by
Democratic administration, has been
invoked by the president against com
binations in restraint of wholesale
commerce. and II has been upheld by
the courts.
The Congress last year enacted a
Iaw TO expedite the hearing and deter
mination of suits arising under the
antitrust and interstate commerce
so that the ends of justice might moi
be defeated by delay II o-oatcd the
department of commerce and labor,
with authority to obtain necessary in
formation with respect to the creation
and operation of corporations engaged
in Interstate commerce. 1t also
amended the interstate commerce law
so as to effectually abolish the per-
nicious system of rebates. under
which large shippers could crush out
their smaller competitors. These are
important. practical steps. taken by
Republican president and Republ-
can congress for the protection of the
people against the encroachments OF
combined capital.
The Democratic party has done no
thing towards safeguarding legitimate
interests and restraining combina-
tions effected for extortion or other
improper purposes. 1t proposes as
principal remedy for unjust combin-
ations to remove the tariff from trust
made goods, thereby inviting the for
eign producer to occupy our home
market in an attempt to regulate our
own industries. 1t has assumed that
the so-called trusts are either created
or are fostered by the tariff. The as
sumption Is fallacious. Trusts are
found in free trade countries and they
control commodities In this country
which are upon the free list
The Republican party is more di-
rect and rational 1t does not strike
down good and bad alike. 1t invokes
the authority of congress and the pow
er of the courts to deal with specific.
well-defined combinations in restraint
Of the rights and interests of the peo-
Pile. 1t is as insistent upon the pro-
lection of capital employed in whole
some enterprise as in preventing its
use in contravention of public inter
ests.
The convention very properly de-
clared it ito be the duty of the Re
publican party to uphold the gold
standard" There Is no more import
ant duty than to maintain the stabil-
ity and the character of the money of
, the people. Their manifold exchanges
should be effected in currency as
| free from blemish as the national in
tegrity. The Republican party has
| been essentially the guardian Of the
financial credit of the country, and
the steadfast supporter of sound
currency. 1t has maintained the ma
tional credit and preserved the sound
ness of our monetary system against
persistent and powerful opposition.
| The money question has seemed to