Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1904-07-22

There are gentlemen who grow fac, oGs at
the thought OF reciprocity Ia non. competitive
articles. They deory it as silly, II not i'm
possible, anu yet there tao whole rep.b =
can party, in discussing the subject oil lerl-
procity, declares that free ADMISSION must
be confined to that which We do not pru-
duce.
In 1900 the party said: we favor the as
sociated policy or reciprocity, so dnected as
to open our markets on favorable terl!s lor
what we do not ourselves produce III Turn
that free entry is to be confined TO that We
do not. ourselves produce,
In this year we have said: we declare
our constant adherence the loIluwIag
principles: Pr tcet.on, which AIN DIS Il. 4
protects our Industries. Is ,aru.Aa. pr.nci-
pie OF the republican party. Inc Measure OF
protection should always be al least ,tu,.l
the difference IN cost of producing at hunC
and abroad. We INSIST upon tne mainte-
nance Of the princlples OF prul, ction and
therefore rates OF duty should be reaiju Tea
only when conditions have cuauheu that
the public interest demands Their al err
ton, but the work cannot be safely COM
united to any other hands than those OF the
republican party. TO inslrust It TO the
democratic party is to invite alsas,e r, rs la
1892 The democratic party declaring the
protective tarin unconstitutional, or whether
1T demands tariff reform or tariff rev.s.,n,
its principle object IS always tle de2tru, ton
OF the prosectlye system. However spacious
the name, the purpose is always the same.
democratic tariff has always p,en followed
by business reverse u republican tarilf by
business prosperity. We have eAtGnded wide
ly our foreign markets, and we believe IN
the addition of all practicable methods for
their future extension, including commerc al
rec procity wherever reciprocal arrang emt hts
can be effected consistent VITA the prime
pies of protection and without injury to
American agriculture, American LABOR, or
ANY American industry.
Among the men whose memory is dear to
fhn AnNnp If,nn NpLt | ~
stands among those who are dearest. His
political life was devoted to the promot. on
OF republican theories. republican prime pies,
and to securing republican successes. He
stood among the first OF those who 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 sentiment
among the American people. While he LIVED
no man claimed that in thought or deed he
had ceased to De the earnest friend of this
But lateriy certain men clam
that MS conviction had undergone change,
and that i'll his last moments he was ready
to destroy, in part at least, that system
that he had devoted a life to upbuilding,
and in support OF stories of change III. y
quote the speech made by Mckinley at Bur
lAlo on the day before HIS assassination. Let
me read sentence from the speech; con-
trolling and qualifying sentence that was
meant 10 control and qualify every other Ut
terance in that speech: we should take
as We can use without harm TO our indus
tries and our labor Our industries and
our Labor including all OF our interests; all
or our labor. 1t was these; these industries,
this labor, that was not to be harmed i'll
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 its
measure is to be at last equal to the dli
ference in the cost OF production at home
and abroad, and that it's terms and incidents
are to be stable and to be disturbed by re-
adjustment only when changed cOnd tons
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
engagements that would irjuriously affect
agriculture, American labor or any
American industry. That word, any, has
escaped the observation OF some of our le-
publican friends. l want to can their atten-
ton to it and to impress upon them that the
republican party has said that it will not
laror any arrangement with any country.
that jeopardizes the interests of any of cur
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 tpere have been some differences
Of opinion er,ertained by members of the
repuDl can organization in Iowa. Happily
the heartlness with which all republicans in
the state have accepted the declarations and
doings of the last republican convention
s,Neo Inc warrant to say that we are now OF
one accord; of one opinion; of one belief.
AS republicans we claim that the elector
ate OF tie country can safety trust our or
ganlzation. We point to our thirtysiX years
of control; to our constructive legislation;
to our succc sful administered on as an earn
est of what may be looked for in the future.
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-
fdencc. Without confidence in the wisdom
and virtue OF 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 biz
lions of dollars each year. Their transact
tons in single week exceed in amount tie
entire circulating medium of the whole cuun-
Try. These and similar transactions are pos
sible because of the credit capital that we
use in our business. 1t is stated that 6-10
Per cent of the shusiness transactions OF the
united States are done with actual money,
ami that 95 40 per cent are done with some
fom of credit capital--checks notes, bonds,
drafts. The existence of this credit capital
isSGpendent largely upon the confidence the
pubic have in the wise and judicious ad
minstratOn of the government. The wear
1892 was a prosperous one far business
was concerned. but in November of that
yearthe democratic party elected a president
ana congress. They had declared that il
theywere successful they would destroy the
protective tariff enacted two years earlier.
The llblic believed they would do the things
that hey had pledged to do II they we've
successful. The public believed that this at
t;onHNould be harmful in the extreme to the
businss interests of the country. The re-
sult&'a that confidence in the business
prospeIty of the future shr!vel.d like chaf
larger! destroyed. The capital to do business
su ageiy cGr, rns 'mq 9 pantc !he on re-
t fne nonvuisloas 1nt wtpea out colossal