Devils Lake inter-ocean and Devils Lake free press. (Devils Lake, Ramsey County, N.D.) 1905-1909, 1908-10-02

the statement that the gold standard
had been too high-that way back In
1873 crime had been committed and
that although your debt might have
been contracted year before because
silver was worth more in 1873 than
gold, therefore you were justified in
paying off debt that was a year old
in coin that in 1873 was equal to
gold, but year ago was only equal
tof so cents. Now, that being the at
titude of the two parties, Mr.. Bryan
for the moment passed away from
protection and free trade, and substi-
tuted another nostrum-another pan
acea. But Mr.. Bryan said the gold
STANDARDIZED, you remember about
the crown of throns and all that I'M
aginary which he used to describe the
awful destruction Of the gold stand
ard. You remember the promises he
made you, that is, the prophesied
ruin that would come If you continued
with the gold standard. He said that
silver and wheat went together; that
silver was worth so cents on dollar
and wheat was worth SO cents on a
dollar, and that proved it. And there
FORE you would have to keep wheat
down to so cents on a dollar or less,
as silver. went down.
well, he had hardly got it out Of his
mouth-the year had hardly passed,
before silver went down and wheat
went up and wheat has been going
u: ever since. I don't know what it
Isl here, but suppose it is about 81
cents "a voice: 80 centsD, (another
voice: '92 centsD; am glad of it, and
other products have gone up in pro-
portion. The truth is that the last IL
years have been nothing so far as Mr..
Bryan has been concerned, but refu-
tation: of every prophecy that he has
made. Il
" Theory in Probation.
I .Now, the, republican party isn't
pledged to- protection as a fetish-it
isn't That the name protection SO at
tracts it that it can't get away from it,
but it. is because we believe in the
principle Of protection as. a means of
supporting the Industries of this. coun-
try. and furnishing market to, the
farmers OF this country SO that they
may get good prices for their product
Now, The theory of protection is this,
j that When you put on customs duties
I:equal TO jthe difference iii the cost of
| production between this country and
1.-The countries abroad you viii produce
fthinga this country, the composition
between them; by the Inventive genius
Eof american ,;workmen and American
Ibusiness men, by the economic and
I business ability of American managers
SD to reduce the cost of production
Ethat in competition the prices will go
down behind the tariff wall and. the
people will get the benefit Of that re-
duced cost of production. Now, that
4 Is the normal operation OF the tariff,
and it operates that. way unless there
1 is combination between the producer
i which creates a monopoly, and the
4 monopoly reduces the cost of produc-
i tion, it, may be, takes advantage by
| reason 3of the control Of the output,
I and the control Of prices, takes >ad.
fvantage of the rates imposed by that
! protective tariff. Now, it2becomes Inn
4 portant,, therefore, that that measure
Il of protection should be kept down to
]what is really the difference between
| the cost of production abroad, and the
.icost of production here. In the course
4 Of ten years by the normal operation
Il of the principle which have: explain
led, the:cost Of production with respect
4 to many articles has been reduced, be
ling so. the tarir ought TO be reduced
II and the republican party is pledged :te
Z q revision Of the tariff which shall re
n wise It to the measure of the differences
y between the cost of production here
l and the cost 3?of production abroad
fApplanse.) f53 5Is. 4 !. i5t5 @t. i, t
4 "lnloW, the party has promised thai
Il In, Its platform. It has promised %tc
Il You YOU exactly what Il: win do. and 7 am
fhere to Say for the repub H4carlS part, part
A that sSif you give ID the mandate. oi
]. power. that ID what II will do It viii
q Itake some time for that spirit TO 1crys
a ltalfze Ia thhe 5repub blfcan party claim aim
u to be one of the Hearl Vi men ia favor 6; W
A 1. of u revision oge the tariff but IL said
SIthen that must wait iintdl tlis pah
Il 4 iic opinion of the party reached z
Il point 81 al tall ation where the par
4 ty would take that policy Ne *di,d
iwait for 40 years, and now the party u
d slpIedged ana we intend Il, carry ont i Z
lreyision that shall he honest on this
II one hand 10 protect the dustEies b5
n the measure that I have state ed-telle
q difference Ia the cost Iof produ ctiofn
q and the real difaf aference, shall be taxed
n 10 the consumer on 3#ttls other. 55llt u
u other words. ,att the Videnee ~ as
Il Il taken shall beS evidence from otl l.nt II
& laides
q Not s,N.ned hy Corp ratlons.
n NOW, ME. Bryan says yon are no
II Going to o protested il
a II 1Idustries avn contri ibute IS IS
your polit itical cam aign fund and II Il
u tlla al way they contro cong gTesa VelI