The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1906-08-02

cratic tariff legislation on free trade
lines was probably greater than Tat
sum-
1t would seem that common sense
might have discovered the effects or
the blunder, and that common tact
might have prevented its recurrence.
Nothing of the kind The Bourbon fight
against the accepted policy of the
American people goes on forever. The
party has learned nothing. forgetting
nothing. For example, we find the ever
lasting dull, dense hatred of an estab-
lished system cropping out in the speech
of one of the leading orators in the last
Fourth Of July celebration OF the Tam
many Society Of New York. On that
occasion Bourke Cochran declared:
"As only a small percentage Of our
people are employed in so-called pro
tected industries which receive the ben
efits OF the system, the great burden
falls upon the balance who are en-
ployed In unprotected industries, but
receive none Of the benefit of the sys-
tenn. So a large class is taxed for the
advantage Of small class. and there
fore the equality OF burdens which JEFF
ferson planned for is defeated By the
inequalities which Roosevelt stands
for"
And Congressman Henry of Texas
followed with this jubilant prediction /:
.When we meet Tammany In the
next National Convention Texas will be
there holding up the banner Of the
greatest Democrat who has lived since
William ]. Bryan"
What an appeal Is here made for the
confidence of the business interests, the
industrial producers and the wage
earners of the COUNTY,, One demagogue
shouting the shallow lie, disproved by
the facts OF the greatest prosperity ever
witnessed or imagined, that the bene-
fits of protection are for the favored
few. while its injuries are visited upon
the general mass; and another dema-
gogue giving assurance that Texas and
Tammany will be found shoulder to
shoulder in the upbearing Of the stand
ard of Free Trader Bryan. That is the
combination that is expected to capture
the Presidential prize Of 19OS-Texas
and Tamnany. Bryan and free trade.
John Sharp Williams may well plead
for common sense and common tact.
There Is need for them
Americas Gilt-Edged Credit.
The oids for the S30,OOO,0OO Of Pan
ANA canal bonds which have just been
opered in Washington show a striking
advance in the United States Govern
ment's credit within the recollection
Of millions Of Americans who are not
yet old. What strength, what re-
sources, what vitality, what energy
exclaimed the London Times, there
must be In a nation that Is able to ruin
itself ON a scale so transcendent and
magnificent :" That was In the early
months Of the rebellion, when the Uni
ted States was borrowing money, or
attempting to borrow it, at rates Of
interest far above those paid by any
of the other great nations of the world.
For the s30,OoO,O00 Of per cent
ponds for the construction of the Pan
anna canal the Government has just re-
ceived bids which averaged 103.9I for
each S100. And even at this figure the
amounts OF money offered to the Gov
srnment were several times the face
value of the bonds In the neighbor-
hood of $31 100000 will be realized by
the government on this loan. The in
terest which will accrue to the sue
cessfuI bidders Will be around 1.21.
Moreover, the bidders knew that be-
Gore the construction work progresses
Tar there will be further issues of
canal bonds The aggregate cost of the
waterway can not be estimated with
any show Of confidence at this time,
but it will undoubtedly run into the
hundreds of millions Of dollars. What
would President Buchanan, who got