The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1906-09-21

country neeQeu ldIS5E NOAu1A0 u
metallic money TO stay the downward {
tendency of prices which had be-
numbed the commercial energies of ]
the world. On that issue the Demo
cratic party said yes, and the Repub- !
lican party said no. We were defeat /
ed. but the Almighty, who so often /;
overrules the errors of the Republican
party. had secreted vast stores of gold !
in the bowels Of the earth, which the
industry of man discovered and
brought forth to feed the furnishing
commerce of the world. The great
prosperity of which the Republicans
boast has come with an increase, an
Immense increase. In the volume of
metallic money; it has come with a
decrease in the purchasing power OF
every dollar in the country; it has
come with the very conditions which
the Democratic party sought to
achieve. which the Republican party
said would bring calamity and ruin.
ave were defeated on the great Is
sue of Imperialism in 1909. believed
then. as / do now, that never in our
history was there more wicked, VIC
lent or perilous departure from the
safe and simple paths by which this
Republic has assembled, in peace and
security, to glory and power. The
Honorable Secretary OF the Treasury
has frankly admitted that the motive
J which impelled this Government to
} ioin the robber Nations of the world
/ in their bloody hunt for empire and
. dominion was chiefly commercial. But
( even from this standpoint, our Philip
!, pine experiment stands confessed-a as a
Y CHASTITY and stupenduous failure. we
Q have sacrificed thousands OF lives,
S suuandered hundreds of millions OF dol
lars. imposed an immense burden oil
Y taxation for pitiful handful Of trade
d with a tropical people who have moth
o ing to buy with and nothing to sell
# There is not today leader OF the Re
e publican party who would not heaye
4 sigh of relief if some vast CONFUSION
e would whelm the entire archipelago
p beneath the waves of the sea ant
TT thus hide from the sight OF man
70 monument 10 its folly and its shame
sr "The Democratic party has been
n and must continue to be, a foe U
ID every form of monopoly, to every az
it gression upon the dignity and tn
at freedom of the individual man.
ny great economic fact of recent years
has been the immense aggregation
of capital in great industrial enterprise
We In So far as this union of energies fe
cir nurposes of increased effectiveness
er- mart of the progress of the world,
is both vain and wrong to oppose
no II is but the play Of that spirit OF M
be tual help and mutual dependence upe
'ur which the structure of society rest
ter and is the vitalizing principle OF
il human progress. But when tn
he tendency is perverted by ayarice
led check the free play of competitio
OF and create monopoly, 1t must pc N
our with the Furnishing and restraint
lch hand of government. 1t cannot De q
he onised that a vast concentration
me, wealth in the hands of few is
av- creasingly condition of our industr
of and commercial life. No form OF g
ernment can long preserve the libert
rty, of the people, where few men cont
4 a the sources Of wealth and rule
attn commerce Of the land.
tea aThe growth of trusts has %
ney largely stimulated by our protect
Win tariff system. Every indirect syst
If taxation, to tyranny and oppressl
De' william Pitt said that comparatsS
'uth moderat increase of direct taxat
'ser would raise storm OF indignati
nleu but that If you would only conceai
'ats' hand of the tax-gatherer you might
sied man down to his last rag ana
was last loaf. 1t is only under sys'
my Of indirect taxation that a man
the no made to believe that he owes
dure prosperity to the exactions OF his
aitn. eminent, that he is getting rich on
i 7 taxes he pays.
hich, Inc puDl,e ..-.a. - our t,
80. laws Some of the Republican lea
az. have begun to realize this, but
80 saw that the tariff must be rev
' ..saa by, it's friends We answer tnat
- - time has come when the taxp'
- should be taxed by his friends.
lg in I'VE often near p'opose - G.
s ]. stigmatized with the name OF 90
ism. 1t does not lie in the mout
but any protectionist to utter thus
,lieve proach; for it is Of the essenc
! has nrotectionism to substitute the WI