Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-06-19

tiplying the centers of distribution, in
creasing the demand for the movement
OF crops in the west and south, and en-
failing periodic changes in monetary
conditions, disclose the need OF more
elastic and adaptable system. Such a
system must meet the requirements OF
agriculturalists, manufacturers, mer-
chants and business men generally
must be automatic in operation, min
imizing the fluctuations in interest
rates, and above all, it must be In
harmony with that republican doctrine
which insists that every dollar shall
be based upon and as good as gold
Tho Tariff.
The republican party declares un-
euuivocally fer revision of the tariff
by a special session of congress i'm
mediately following the Inauguration of
the next president, and commends the
steps already taken to this end In the
work assigned to the appropriate COM
mittees OF congress which are now In
vestigating the operation and effect OF
existing schedules. In all tariff legisla-
ton the true principle of protection is
best maintained by the imposition OF
such duties as will equal the difference
between the cost Of production at home
and abroad, together with reasonable
profit to American industries. We favor
the establishment Of maximum and
minimum rates to be administered by
the president under limitations fixed in
the law, the maximum to be available
to meet determinations by foreign
countries against American goods en-
tering their markets, and the minimum
to represent the normal measure OF
protection at home, the aim and pur-
pose of the republican policy being not
only to preserve, without excessive du-
ties, that security against foreign COM
petition to which American manufac-
turers, farmers and producers are en-
titled, but also to maintain the high
standard Of living Of the wage earners
Of this country, who are the most d.
rect beneficiaries of the protective sys-
tenn. Between the United States and
the Philippines we believe in free In
terchange Of products with such limi-
tations as to sugar and tobacco as will
afford adequate protection to domestic
Interests.
We favor the establishment OF pos.
tai savings bank system for the con-
venience Of the people and the encour-
agement Of thrift.
Trusts.
The republican party passed the
Sherman antitrust law over democrat
ic opposition. and enforced 1t after
democratic dereliction. 1t has been a
wholesome instrument for good In the
hands Of a wise and fearless admins
tration. But experience has shown that
Its effectiveness can be strengthened
and its real objects better attained by
such amendments as will give to the
federal government greater supervision
and control over, and secure greater
publicity In, the management OF that
class Of corporations engaged in inter-
state commerce having power and OPP
portunity to effect monopolies.
Railroads.
We approve the enactment OF the
railroad rate law and the vigorous en-
forcement by the present administra-
ton Of the statutes against rebates and
determinations, as q result Of which
the advantages formerly possessed by
the large shipper over the small Ship
per have substantially disappeared;
and in this connection we commend the
by the present congress
to enable the interstate commerce COM