Weekly Arizona journal-miner., 1908-08-05
Destructive Policy Of Democratic
 Platform.

trusts physically. but it proposes to dc | the same thing in different way. The | business of this country is largely de pendent upon protective system of tariffs. The business done by many of the so-called trusts is protected with the other businesses of the country The Democratic platform proposes to take of the tariff on all articles com. ing into competition with those pro cnccd by the so.called trusts and put | them on the free list If such a course would be utterly destructive of their business. as is intended, it would not | only destroy tac trusts, but all other smaller competitors. The ruthless and | impracticable character of the proposi- ton grows plainer as its effects upon the whole community are realized. Effects of Democratic Policies On Business.
 To take the course suggested by the Democratic platform, in these matters. is to involve the entire comunity. in. nocent as II is, in the punishment of the guilty. while our policy is Co stamp out the specific evil.
 This difference between the policies of the great parties is of especial i'm.
 
 business. After ten years of tne most remarkable material development and prosperity there comes financial string. ency and panic and an industrial de. pressiOn. This was brought about not only by tho enormous expansion of business plants and business invest ments which could not be readily con verted, but also by the waste of capital then, extravaganza of living, in wars and other catastrophes. Tnc free con. vertiblc capital was exhausted. In ad. dition to this, the confidence of the public in Europe and in this country had been affected by the revelations of irregularities, breach of trust, over. issue of stock, violations of law and lack of rigid state or national super. vision in the management of our larg. est corporations. Investors withheld what loanable capital remained avail. able. IL became impossible for the soundest railroads and other enter prises to borrow money enough for new construction or reconstruction.
 Win Delay Restoration of Prosperity.
 Gradually business is acquiring a healthier tone. Gradually wealtn, which was boarded, is coming out to be used. Confidence in security of business investments is A plant of slow growth, and is absolutely necessary in order that our factories may all open again, in order that our unemployed may become employed, and in order that we may again have the prosperity whic blessed us for ten years. The identity of the interests of the capital. ist and the farmer, the business man and tho wage earner in the security and profit of investments cannot he too largely emphasized.
 l submit to those most interested, to wage earners, to farmers and to busi. ness men, whether the introduction in. to power of the Democratic party with Mir. Bryan at its head, and with the business destruction that it openly ad- vocates as a remedy for present evils, will bring about the needed confidence for the restoration of proseprity.
 Republican Doctrine of Protection.
 The Republican doctrine of protect. ion az definitely announced by the Re publican convention of this year and by previous conventions, is tnat a tariff shall be imposed on all imported products whether of the factory, farm or mine. sufficiently great to equal the difference between the cost of produc- tion abroad and at home, and that this difference should of course. include the difference between the higher wages in this country and the wages paid abroad and embrace a reasonable progt to the American production. A system of pro. duction thus adopted and put in force has led ,o the establishment of a rate of wages here that has greatly cnhanc. cd the standard of living of the labor ing man. IL is the policy of the Repub- lican party permanently to continue that standard of living. In 1897 the Dingley tariff bill was passed under which we have had as already stated, a period of enormous prosperity
 Necessity for Revision of Tarin.
 The consequent material develop. mcnt has greatly changed the condi. tions under wnich many articles de. scribed by the schedules of the tariff are now produced; the tarir in a mum. Der of schedules exceeds the difference between the cost of production of such articles abroad and at home, including reasonable profit to the American producer. The excess over that differ. cnee serves no useful purpose. but NH'iN ~ VI AHN0' W HN hVhih monopolizc the production and the sale of such articles in this country. to profit by the excess rate. On the other hand there are other schedules in which the tariff is not sufficiently high to give the measure of protection which they should receive upon Republican principles, and these tariffs should be increased. "A revision of the tariff un- dertaken upon this principle wnich is at the base of our present business system, begun promptly upon the in coming of the new administration and | considered at the special session with the preliminary investigations already begun by the appropriate committee of the House and Senate, will make th, disturbance to business incident to such a change as little as possible.
 Democratic Tariff Plan.
 The Democratic party in it's platform has not had the courage of its previous convictions on the subject of the tariff denounced by if in 1901, as system oi robbery of the many for the benefit | of the few hut it does deelare it's in