The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-08-20
Secretar Taft
Sounds Keynote


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through me egs 7 Ptl 9lsI lagl u
t I PSI sloulg IS llss'ss q : ~.
ported pFoa5ets tnass COM a wy
eilean lToupeEs, wpien Wy al lesss
equal 2 dtFerence Y 5ns co t, s. BEG gls
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ana tna1 proper .eg' - sVgahee sloa1a ~
maze u la 81 aIiletepcs loF 5hs Fsasoi v
aye pEoflts g me Aneflean aElplae.
tlFe. !hs cam g prDlsetlonts 4 y
nus pesp ''ppnuan.'sE lus'ttisa - !. =
past Is may pFotscllol secure e n al
rave q Wages ana Else lns etlsoat
ment y Y slyes 70 i91le nome .lpeusels.
operating unaer me lnanenee 2 an
enc gstlc 7ellEt9n peswseFl AfneEl
can nanniaeturetss lnuucss spcn ~, IN
proven ent IN tne lne9loqs q ]n nan i
lure ana such economies as sIofFeancs
greatly me price lorstne pensnE4ol !. !ae
american PUBIC ana lishes Y 9ossipig
Y Fe ECU vac laFlll WITHOUT aepriXills
lne tls4lula 'a =, q neeqeu pFosse''VA
ana q soou pFont.
suslness eysssm nEsss On rfotee''ys
.sfs'HTrles FSas neV's'0"
Disastrous
me present business system y ~,
country fesIs On .ne pro!s : y ' urn
anu any alssp' = tnsase = !, 81, -
. !, 9asis w't' ~ '"u's ts'u ont =
olssstsE.
puty q Hepuo''csn FsFty - F,reye"s
EXCESSIVE iar.. s.
u IS tne ouEy O " NepupliSan par a..
W however, 70 see % y tna' tne 'allt.
on imported ot aftlcles aoes not eSeeed
substantally me reasonably pefln"n !.
ent allteren1lal ust@een tne cosI :.
production IN the loEelsn countries
and mat n tne uhl'ea 'ats1es' anu
therefore when changes take , pace = =
me cond.tlons OF prouue.lon missy y
proauce seIy ~ g 80, $, ~
cost Of production y IN the United sta.es
y Is tilne that setlsuules pe te'sNattt
med ana II excessive .nat tneS 70 ~
auced 50 as . oFlag .ne,n Mi ,al, - tne =
justification Tor tne rue, py wl'ch sne
amount OF tarlH 70 Dc imposed .lnpet
me protective system IS property pe
termlnea'
Temptations 70 MONOPOLY IN Hs.es EH'
eeealns r0teet'Ve tIr.ns'p.s.
whenever tne tarli IN 'osea = lai 81
" in excess OF the al1erenuaL between
the cost OF production ~ tne IVY coun :
tries then mere Is FORMED ., oiiee !"
great temptation 70 monopoli1e .,, !ns
business OF prouuclns 'ne pattieu':t
product ana 70 take aaYanssse ~, " p,o,
ht In the excessive !atin' ~, no o.o Nc
mes 70 the people ai'Gse.ne. sns . it,
omies OF produe.ion tnss 'yn.p9 1s sal
under protectlVe tarlh sno"lu "
yelop.
Reason for Thinking some scneou'es
Excessive
In the enormous progress IN tue
manufacturing plants ana the improve
ment in methods when nave peen
brought about IN the last zen years
in this country there Is tae stronses'
reason for thinking that IN many m
dustries the diherehce oetween ''Ns
cost of production IN ms country auu
abroad, has been reduced ms - an
opinion OF mine formed a priofl We,
cause | am a sincere believer y ,ne
efficacy OF the protective system @l'''
mately to cheaper the cost u p.ouuS
ton. The opinion has Deen conllFnnsa
by conversation with manulacturers
and others Who knew some'nms u
what they speak.
Prosperity Argument Against Kew
sion.
Objection is made to revision on tle
ground that we are ENJOYING business
prosperity, that this will be disturbed