Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1908-06-23

souIvocalIy for fevision Of tne tarin
By epeciol eession OF congress- i'm.
mediately following the Inauguration
OF the next president and commends
the steps already taken to this end ia
the work assigned to the appropriate
committees Of the two houses. which
are now investigating the operation
and effect OF existing schedules.
In all tariff legislation the true prin-
ciple of protection is best maintained
by the imposition of such duties as will
equal the difference between the cost
of production at home and abroad to.
gether With reasonable profit to
American industries, and the benefits
that follow are best secured by the es.
Enlistment of maximum and mini
mum rates to be administered by the
president, under limitations fixed in
the law, the maximum to be available
to meet determinations by foreign
countries against American goods en-
tering their markets, and the minimum
TO represent the normal measure OF
protection at home, the aim and pur-
pose of the Republican policy being
not only to preserve, without excessive
duties, that security against foreign
competition to which American manu-
facturers, 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 d.
rect beneficiaries of the protective sys-
tenn.
Currency and Banking.
We approve the emergency meas
ures adopted by the government dur
ing the recent financial disturbance,
and especially commend the passage
by the last session of congress of the
temporary enactment designed to pro
tect the country from repetition of
such stringency until there can be es-
tablished a permanent currency sys-
tenn that will avoid all emergencies.
The Republican party is committed to
the development of such a permanent
system, responding to our greater
needs and in sline in all respects with
the most progressive nations of the
world and the appointment of mon
etary commission by the present con-
gress, which will impartially investi-
gate all proposed methods, insures the
early realization of this purpose. In
line with the purpose here declared to
secure by every wise means greater
safety and stability in the banking and
currency system, we favor the estab-
lishment of a postal savings bank for
the people, upon principles embodied
in the measure now pending in con-
gress and set for vote on December IA
next.
Antitrust Legislation.
The Republican party passed the
Sherman antitrust law over Demo
cratic opposition and enforced it after
Democratic rejection. 1t has been
wholesome instrument for good in the
hands of wise and fearless admins
tration But experience has shown
that it's effectiveness can be strength
ened and it's real object better obtain
ed by such amendments as will give to
the federal government greater super
vision and control over and secure
greater publicity in the management
of that class of interstate corporations
having power and opportunity to ef-
feet monopolies and at the same time
will not interfere with the operation
of such associations among business
men, farmers and wage earners as re-
suit in positive benefit to the public
Railroad Rate Law.
We approve the enactment OF the
railroad rate law and the vigorous en-
forcement by the present administra-
ton of the statutes against rebates
and determinations, as the result of
which the advantages formerly pos
sessed by the large shippers over the
small shippers have substantially dis
appeared.
Laws in Behalf of Labor.
The enactment in constitutional
form by the present session Of con-
gress of the employers liability law;
the passage and enforcement of the
safety appliance statutes, as well as
the additional protection secured for
engineers and firemen; the reduction
in the hours of laborers, trainmen and
railroad telegraphers; the successful
exercise of the powers Of mediation
and arbitration between interstate rail
roads and their employees, and the law
making a beginning in the policy of
compensation for injured employees of
the government are among the most
commendable accomplishments of the
present administration.