Los Angeles herald., 1908-06-19

Republican party declares for the prin-
cfple that in the development and en-
ioyment of wealth so great and bless
ings so benign there shall be equal OPP
portunity for all.
The Revival of Business
Nothing SO clearly demonstrates the
sound basis upon which our CONNER
cial, Industrial and agricultural inter-
ests are founded and the necessity of
promoting the present continued well
fare through the operation of Repub-
lican policies as the recent safe pass
age of the American people through
financial disturbance which, If appear
ing in the midst of Democratic rule or
the menace of it, might have equaled
the familiar Democratic panics of the
past. We congratulate the people upon
this renewed evidence of American su-
premacy and hail with confidence the
| signs now manifest of complete res
| toration of business prosperity in all
| lines Of trade, commerce and manu-
facture.
Recent Republican Legislation
Since the election of William McKin-
ley in 1895 the people of this country
felt anew the wisdom of entrust1ng
the Republican party through decisive
majority the control and direction OF
all national legislation.
The many wise and progressive
measures adopted at recent sessions of
congress have demonstrated the pa
triotic resolve of Republican leadership
in the legislative department to keep
step in the forward march of better
government.
Notwithstanding the indefensible fill
clustering of a Democratic minority In
= - fct
last session many wholesome and pro-
gressive laws were enacted, and we
especially commend the passage of the
currency BILL the appointment of the
national monetary commission, the en-
ployers' and government liabilities
laws, the measure for the great eff
cheney of the army and navy, the wild
ows pension bill, the child labor laws
for the District of Columbia, the new
statutes for the safety of railroad en-
gineers and f1remen and many other
acts conserving the public welfare.
REPUBLICAN PLEDGES
Tariff
The Republican party declares I'M
| equivocally for revision of tie tariff
! by a special session of congress imme-
| diately 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 legts-
lation the true principle of protection
| is best maintained by the imposition of
| such duties as will equal the differ
ence between the cost of production at
| home and abroad. together with a rea-
sonable profit to American industries.
| We favor the establishment of maxi
nd ,fTotf tn. 10 hh In
| istered by the president under limita-
| lions fixed by law, the maximum to be
available to meet determinations by
foreign countries against American
goods entering their markets and the
minimum to represent the normal
measure of protection at home; the
aim and purpose of the Republican pol
icy being not only to preserve, without
excessive duties, that security against
foreign competition which American
manufacturers, farmers and producers
are entitled, but also to maintain the
high standard of living of the wage
earners of this country, who are the
most direct beneficiaries of the pro-
tective system. Between the United
States and the Philippines we believe
in free interchange of products with
such limitations as to sugar and to-
bacco as will afford equal protection to
domestic interests.
Currency
We approve the emergency measures
adopted by the government during the
recent financial disturbance, and espe-
cially commend the passage by con-
gress at the last session of the law
designed to protect the country from
a repetition of such a stringency. The
Republican party is committed to the
development of a permanent currency
system responding to our greater needs
and the appointment of the national
monetary commission by the present
congress, which will impartially in
vestigate all proposed methods, insures
the early realization of this purpose
The present currency laws have fully
justified their adoption, but an ex-
panding commerce, a marvellous growth
in wealth and population, multiplying
the centers of distribution, increasing
the demand for movement of crops In
the west and south, and entailing peri
odic changes in monetary conditions,
disclose the need of a more elastic and
adaptable system. Such a system must
meet the requirements of agricultur-
! lists, manufacturers, merchants and
business generally, must be automatic