The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1906-01-19

Protective TsT.T and Imitation the
Causes-No Probable Relief
Until 1900.

cult 10 make Ioth s,a - ~,
state OF affairs win ,r.t,t.f.. ,,... 80
until after he reyt nro.,5,,,.t,, 80
ton. The onlv roller ~ 49,, $50 ~ =
..rease vnrr - - ~ " % 90 lN-
and il IS useless TO advise M j pe,sr,i
way how that can be accomf,l.-t,- i
Each individual case has its own nr,i-
.em. Mlih most an increase NJ u.,oo,
is the only possible way Of relief
Such voters are more interested in
the cause Of the present hiab nrtces
for the necessarios Of life than tboso
with more ample incomes who can
by Topping OF some luxurles sim live
comfortably
Present high prices proceed from
TWO causes and botn are the result
Of Republican policies. The FIRST cause
is the enormous initiation OF The cur
rency, both by the increased output Of
gold and the new national bank err
rency issued ~ the small hapl,s a.
tablished since the act allowing the in
corporation Of banks with $4,000 cap
ital Also the result OF another clause
OF the same act amending the old law,
SO that banks are receiving par in
currency for the bonds they deposit
with the United States treasury. in
stead OF only 80 per cent under the old
law.
Without taking space TO show fhe
| details Of this enormous initiation of
the currency, it is only necessary TO
I say that whereas the average circula-
ZION per capita in 1896 was s.l4l. now
IL is S3140 and advancing at the rafe
Of about one dollar per capita or $50
| 100000 a year How much further this
/ imitation will go is an unsettled prob
/ lem. but the output of gold is still in
-reasing.
The Democratic claim in 1896 OF the
] cumulative thcory-that the vol,,na
Of money in circulation fixes prices fo.
commodities justified nv events
but that conten ion was not intended
20 be accompanied with trust ex-or-
ton
The second reason for stiu gre,,er
advance in priees il tho or,ani,atio,, =.
trusts and combines 10 control ami no
nopolize production. The ana~ri~q ~
The Dinsley tariff bin nv fhe ReDrh
licans In 1907 ,ynich o-oa.,,- -,
the protective duties on most articles
Of consumption. has fosfered tbesa
trusts and combines to an extent nevc-
Anticipated even by its authors Tho
average rate OF duty collected on ,ba
value of these impoits taxed IL close
10 so per cent. That enormous tax and
productions protects the trusts fro,n
foreign connection and has allowed
them TO Advance prices about An nor
cent. on the average and still monrno-
lie the home market The enornors
profits that many OF the combines have
made has stimulated production en- that
the American people have heen unshla
to purchase all the trusts have pro.
duced. the total amount being bovond
the power CT the people 10 purchase
To dispose Of this surplus TIA trusts
have been ana stlll are selling his eur.
plus in foreign countries al much less
price than they sell the sam. rrod,iats
here for The tariff has protected The
trusts In doing this and of course tbav
demand that this protection be CON.
tinued
The Republican marty has arraed n
stand pat'-that e not ravisn tba
tariff. When the Dinelov tariT bir
was enacted. it provided for recinro.itv
with foreign nations. and r. was ia
intention that reciproeitv treaties sbau
be ratified with foreign countries NV
making mutual concessions Of about
% per cent Of the duties on those spe-
cial produces each wanted 10 sell and
the duties we're purposely raised 25
per cent. to cover that proposed dis
count. Such treaties were negotiated
by President Mckinley. but the Repub.
dean majority in the senate. controlled
by the trusts. have refused 10 ratifv
those treaties and so the trusts con-
tinue to exact the enormous profits that
the tariff rrote It's them in cxtortirg.
The government receives but small