The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-04-01

ditions which might with much pro
priety be applied 10 the character Of
clamor which aided natural causes in
the overthrow OF confidence in the fall
of 1907. The following is the language
of Webster:
The Calamity Howler.
There are persons who constantly
clamor They complain Of oppression.
speculation and the pernicious infu-
ence of accumulated wealth. They
cry out loudly against all banks and
corporations. and all means by which
small capitals become united in order
TO produce important and beneficial re-
suits. They carry on mad hostility
against all established institutions
They would choke the fountain OF i'll
dustry and dry all the streams. l..
country of unbounded liberty they
clamor against oppression. In a coun-
try of perfect equality the would move
Heaven and earth against privilege
and monopoly. In a country where
property is more evenly divided than
anywhere else, they rend the air. SOW
ing agrarian doctrines. In a country
where the wages of labor are high be
yond parallel they would teach the la
borer that he Is but an oppressed
slave"
The sentiments OF Webster would
apply with equal force to the condi-
tons and criticisms preceding the
panic. The causes were surface
causes and not fundamental. AS such,
they will be the more easily remedied.
Indeed, there are already signs of i'm
proved conditions. and | confdentially
believe that the American people
would soner trust the Republican par
ty to restore business conditions than
to turn to the policies of the opposi-
ton. If the Republican party was able
to take the reins of government after
the panic of 1898 1896 and rebuild the
prosperity of the country. that party
conditions which have suffered from
the recent panic. Indeed. it is far bet
ter for the American people to have
six months of panic out OF eleven years
of Republican prosperity, than to take
the chances of six months of prosperi-
ty out Of eleven years of Democratic
panic.
Other Problems to Solve.
There will still be other problems to
solve. The completion of the general
scheme Of corporate regulation is yet
to be carried out. The purpose is to
possess a body of substantive law un-
der which just and proper regulation
of great companies engaged in inter
state commerce will safeguard the In
terests of great and small alike, and
guarantee equality of rights and serv
Ice to all. 1t is of vital importance
that such legislation shall equally safe
guard the interests of the public and
avoid such extremes as may cripple
business and obstruct the extension OF
the channels Of commerce by making
investments unsafe. The completion
of the Panama canal and the work in
respect to the Philippines are yet to be
secured. If the scheme of the general
improvement of the waterways of the
country shall be entered upon it will
require the same intelligence and care
In the solution of that problem as In
the others which have fallen to the lot
of the Republican party. The Repub
lican party will make no change in its
general policies or it's general princi
pies. 1t will continue to stand un
swervingly in its position relative tc
the gold standard of value, and what
ever additional financial Legislation
may be enacted will be in harmony
with that position. 1t will continue It's
loyalty to and the protection of Ameri
can industries and American labor
and whatever changes it may effect in
tariff schedules will not be out Of har
mony with the principle of protection
Changed conditions justify changes Of
schedules, and the tariff will be re
vised Certainly that work cannot be
left to the opposition. And yet, those
changes cannot be made in accordance
with the demand Of single state or &
single section. Our country is so vas
in extent and the output of our forests
farms and factories SO great and va
ried, that the revision of the tariff
must be along national and not sec
tional lines. The spirit of compromise
which has always controlled in such
legislation must again control No tar
if bill has ever been enacted nor viii
one ever be enacted that will meet uni
versal favor nor be free from criti
cism. In a country whose climate ex
tends from the tropics to the coo
breezes of the Great Lakes, and whose
territory is washed by two oceans
there is such a variety of products
and through the energy and skill of ar
active peop'> such diversity of arti
cles of mai Itacture, that a tariff Law
cannot be framed except along tht
lines of national policy in the spiri
of fair play, and Of the greatest gooC
to the greatest number A people
which has seen the benefits Of the pro
tective principle will not easily sacri
! fee that principle simply because the
revision of the tariff will prove per
| picking.
! "In order that business should bt
! disturbed the least, the Legislation
should be accomplished in as short {
time as possible, consistent with it!
| Importance, and without prolongin.
| the period of anxiety which always &C
| companies the actual consideration O