Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-07-29

pursued in the operation of their bust.
ness shall be brought within the law
To destroy them and to eliminate the
wealth they represent from the pro-
ducing capitalof the country would en-
tail enormous loss. and would throw
out of employment myriads of work
lngmen and workingwomen. Such a
result Is wholly unnecessary to the
accomplishment of the needed re-
form. and will infict upon the limo
cent far greater punishment than
upon the guilty.
Destructive Policy of Democratic
Platform.
The democratic platform does not
propose to destroy the plants of the
trusts physically. but 1t proposes to
do the same thing in a different way.
The business of this country is large
ly dependent on a 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 posi- to
take off the tariff in all articles com
ing into competition with those pro
duced by the so-called trusts and
to 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 the trusts. but
all of their smaller competitors. The
ruthless and impracticable character
of the proposition grows palmer as its
effects upon the whole community are
realized.
WIZ Delay Restoration of Prosperity.
Gradually business is acquiring a
healthier tone. Gradually all wealth
which was boarded is coming out 70 be
used. Confidence in security of bust
ness 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 i'm order
that we may again have the prosperity
which blessed us for ten years. The
identity of the interests of the capt
talist, the farmer, the business man
and the wage Garner i'm the security
and profit of investments canno be
too greatly emphasized. | submit to
those most interested, to wage earn
ers. to farmers and to business men.
WIeLiltI the llll uCllOD lllO pow q
of the democratic party, with Mr..
Bryan at its head, and with the bust
ness destruction that it openly advo-
Gates as a remedy for present evils,
will bring about the needed conf
dence for the restoration of pros
perity.
Republican Doctrine Of Protection.
nh, r,x,J1to,n Ioatrfnn ~ ,pntaa-
ton, as definitely announced by the
republican convention of this year and
by previous conventions. is that & tar
if shall be imposed OF all imported
products, whether of the factory, farm
or mine. sufficiently great to equal
the difference between the cost of pro-
duction abroad and at home, and that
his difference should, OF course, in
clude the difference between the high
er wages paid in this country and the
wages paid abroad and embrace a rea-
sonable profit to the American pro-
Queer. A system of protection thus
adopted and put in force has led to
the establishment of a rate of wages
here that has greatly enhanced the
standard of living Of the laboring
10 - - AA' DtAtNF VI NV ABipti
can party permanently to continue
that standard of living. In 1897 the
Dingley tariff bill was passed, under
which we have had, as already said, a
period of enormous prosperity.
Necessity fer Revision Of TariG.
The consequent material develop
ment has greatly changed the condi-
tons under which many articles de-
scribed by the schedules of the tariff
are now produced. The tariff in a
number of the schedules exceeds the
difference between the cost Of pro-
duction Of such articles abroad and
at home, including It reasonable pro
fit to the American producer. The
excess over that difference serves no
useful purpose, but offers a tcmpta-
ton to thoSet who would m~Onopoii1e
the produ,tIou and the sale of such
articles in this country, TO profit by
the excessive rate. on II 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 prin-
ciples, n as to those the tariff should
be raised. a revision of the tariff un-
dcrtaken upon this principle, which Is
at the bAsis of our present business
system. begun promptly upon the in
coming of the new administration. and
considered at a special session with
the preliminary Investigation already
begun by the appropriate committees
of the house and senate, will make
the disturbance Of business incident to-
such a change as little as possible.
Farmer and The Republican Party.
As the republican platform says, the
welfare of the farmer is vital to that
of the whole country. one of the
strongest hopes of returning prosper
ity is based On the business which his
are to afford. He is vitality in
in the restraining of eXces-
sive and unduly discriminating rail-
rates. I'm the enforcement of the
food laws, in the promotion of
scientific agriculture, and in increas-
ing the comforts of country life, AS by
he extension Of free rural delivery.
rhe p]olici"s of the present admins
ration. which have most industrious
" prsiapttd all these objects. cannot
to commend themselves To his APP J
lrovai.
labor aud what the Republican Party
Has Done for IL. [