Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1907-07-17
is DANGER AHEAD
SIGNS POINT TO NEED OF eau.
TON AND CONSERVATISM.
Crop Shortages in Wheat, Corn and
Cotton, Coupled with Increased I'm.
ports Of Foreign Goods Might Easily
Precipitate Conditions Productive
OF Financial Disturbance.

ports Of Foreign Goods Might Easily
Preciptate Conditions Productive
Of Financial Disturbance.
AT time when the editorial col
umns of Republican newspapers are
hiled with appeals for immediate and
radical tariff revision downward and
"nen an association of American
manufacturers passes by an over.
"heiming vote resolutions calling for
immediate tariff revision and reci-
procity arrangements, it is gratifying
TO read in the Des Moines CAPITAL of
recent date a sober. sensible review
OF the industrial and economic condi-
ions which prevail at this time. to-
gether with a look ahead at condi-
tlons and consequences toward which
the signs of the times are plainly
pointing. The Capital sees danger
ahead for American labor and indus
try, even though the Dingley tariff
should be let alone for a considerable
term OF years. 1t sees in our rapidly
increasing imports of competitive
goods. now coming in at the rate OF
SSoo,o0O,OOO year, proof that the
DlnSiey dixie has become inefficient in
Keeping out the food of surplus for.
eign goods which is beating upon our
shores. The evidences which the
Capital perceiveS in support of its
conviction that, whatever we do with
our tariff, we ought not to revise il
downward, may be summarized as fol.
lows:
Railroad discrimination in freight
rates, whereby imports are carried
from foreign countries TO interior
points in the United States at lower
rates than domestic goods are re-
CURED TO pay from factories to con
Stunning points within our own country.
interpretations by the treasury de-
partment of the Dingley law which
admit goods lat "A small fraction of
the tariffs which American producers
nave hitherto supposed the Dingley
law collected from such goods"
The new agreement with Germany.
by which German goods are to find
more easy course across the tariff
dixie"
Such are the conditions which the
capital brings into notice as threat
eninS an early end of the supremacy
of American made goods in the Amer
lean market. Not even a yearly trade
balance of half billion dollars will
serve as an offset to the threatening
conditions already recited With
huge inflow of competitive imports.
together with the raw materials and
partly manufactured articles which
pear either no duty at all or else a
very light tariff rate, it would take.
says the Capital, but single crop
failure to turn the tables, cause
heavy shipments of gold. and over
Whelm the country with panic" AL
ready our half-billion trade balance
Is nearly wiped out by regular fixed
charges, such as interest and diyi-
dends on foreign investments in the
United States foreign freight carry
ing charges amounting to probably
S2OO,OOO.0OO, $100,000,0O or so of
American money left abroad each
year by our tourists, and perhaps an
other $lO0,000,000 sent abroad each
year to needy relatives by prosperous
American wage earners. All these
items foot up sum which must near
~ wipe out our half-billion trade bal
ance
Such are the facts and conditions
and the outlook which prompt the
Capital to sound its note OF warning
against rash and ill-advised interfer-
ence with the present tariff system
through downward revision Of SEIZED
uIes. The remedy suggested is a re-
sort 10 more effective protection
In such expressions as this on the
part OF influential Republican news
papers like the Des Mones Capital.
there is some hope that the rage for
tarih disturbance and all its destruc.
i've consequences may he checked By
sober common sense. il will not do to
say that either the conditions exist.
Ing or the possible consequences i'm
pending all. In clamoring for non
partisan tariff commission the asso.
citation Is wasting its breath and fool
ing away its time. There is not the
remotest possibility that the plan will
be carried into effect First because
partisanship i'm a tariff commits.
sion is inconccivable It doesn't exist
and cannot exist Second because
cor gress does not want and will not
have q tariff commission If made a
party question by the Republicans the
Democrats would he against it. ii
made party question by the Demo.
Gratis tho Republicans would vote IL
down In view OF all the conditions.
present and prospective. it would
seem that If ever there was a time
when lcvcIhcadcd newspapers and
supposedly lcvelhcadcd bodies OF
business mon should not declare in
favor Of tariff reduction, that time is
now.
Telling Facts.
40 city or community more than
Louisville profits BY tho Republican
policy OF protection. We invite the