Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1906-10-03
Only Question of Time Unit!
Panic Succeeds Prosperity
Says Campaign Document
Just Issued, I
BITTER ARRANGEMENT
OF PROTECTIVE TARIFF
Much Space Devoted to Scan
daIS in Republican Ranks.
Armstrong Insurance Re-.
port Furnishes Ammunition,

port Furnishes Ammunition,
washington, Oct. 2-Rearing the
motto, Equal rights to all. special
privileges to none" on its title page.
the democratic campaign book for use
IN the approaching congressional
campaign, was issued today bv the
democratic congressional COMMITTEES
II is Volumnous, being compnsed OF
Z43 pages and containing a vast olIan-
uty of matter designated to combat
the claims and policies of the republi
can party, while at the same time II
upholds all the principles for which
the democracy contends.
After quoting in full the platform
adopted by the national democratic
convention at st Louis, in July. 1904
the book enters into an exhaustive his
tory of the protective tariff system.
going back to the first act of 1889.
Tariff history, it is maintained. dis
proves the republican platform con-
tentlon that a democratic tariff has
always been followed by business dd
NerSlty' and republican tariff by bus
mess prosperity"
1t Is asserted that all the pancs In
this country have occurred under re-
publican auspices and with the high
est protective tariff and that in France
the same conditions prevailed, while
in free trade England there has been
only one panic since 1875. That the
present boom will be followed by a
panic the book continues, lis only
a question of time"
Numerous Instances of repGbHcan
tarif changes are quoted from which
the deduction is made that IN forty
five years the republicans have chang
ed or revised the tariff law fOrty-eight
times
but at last" the book states. "the
republicans and their allied friends
and providers Of fat campaign bar
rels, the protected mouop1lists. secur-
ed a measure that has 50 fOstercd and
fattened the corporations that they
are quite willing to stand pat espec-
tally sthey have succeeded in de-
feating the reciprocity treaties. TO
provide for which the tariff schedules
were purposely increased twenty pcr
cent beyond the rates that the pr1.
tectcd monopolists named as sufTi-
cient TO protect them from cumpci-
ton.
Hence the people are now bur-
dened with this extra rate plus a
revenue and protective ratc--three
all told"
BY reason of the shelter of the
tariff ii is declared that the trusts
and combines have advanced the
prices of their products and at the
same time sell lower to the foreign
Reference is then made to the speech
of Speaker Cannon at Danville, M,
August 16, last, when he furnished
statistics of wages ana incomes for
the fifteen years between 1890 ann
1905, I'm which the speaker Is quoted
as acknowledging that in that time
the average yearly wages increased
slightly less than "a per cent. 1t is
asserted that during the same period
OF time the value of manufactured
products increased 5S.7 per cent and
the inquiry is made: "Do Mr.. Cam
non and the other stand-pat congress
men call that a fair deal? An in
crease of 5S.7 per cent for the trusts
ana only an Increase of 9.4 per cent
for the wage earners?"
Much space Is given to the subject
of corruption and scandals i'm the
republican party particular reference
being made to the allegations OF
Judge Parker just before the last
presidential election, and which were
vigorously denied by President Roosc-
welt in public statement.
Continuing the book says:
THE report of the Armstrong COM
mittee of the New York legislature
published since Mr.. Roosevelt made
his sweeping and apparently impas-
stoned, but really crafty denials.
proves that Judge Parker spoke the
truth and that Roosevelt was mis-
taken, when he said that the charge
was unqualified and atrociously
false"
1t is added that "thc stream OF
corruption continues from year tu
year, from election to election and
always from the same locality and
same fountain head republican,
states republican strongholds. under
republican laws"
Aluslon Is then made to republican
legislation favorable 10 trusts I'm be-
half OF Panama canal supplies
Ship Subsidy Bill LcgaIizcd Robbery.
The proposed ship subsidy lcgisla-
tl0n IL discussed at length. II Is alleR-
ed that the real purpose Of the bin
was not ulsClOh'u Nv iiS ulle, nut rain
er It's object was legalized rlhbery of
the masses for the benefit Of fe'y
persons engaged In the shipping busl-
ness. The subject of railroad rate leg
lslation Is discussed extensively and
with regard 10 the recent law enacted
the book has this to say;
Railroad Legislation Criticised.
"The present congress enacted g
railroad law. amending the act 1i
| 1887. II would have been law had the
republicans been so disposed Year,
ago.
so controlled by the railroads wer,
many Of the republican senators thr
this bill could not have been passc,
at this (59th) congress without tn
unanimous action nf the democrat
| and the presidents big stick Whlol