The Caucasian. (Clinton, N.C.) 188?-1913, 1908-07-16


bail with eonnae1cs the sagns no~
manifest Of n eofzpless restoration Of
business prosperity in ali tnes of
trade. commerce and manufacturing
Recens Legislation.
Since the election OF wuaan Nc
KiElsy. In 1888. the people Of this
country have felt anew the wisdom
of tntrusting 10 the Republican par
~. through decisive matortties, the
control and direction OF national leg
islation.
The many wise and progressive
| measures adopted at recent sessions
OF Congress have demonstrated the
patriotic resolve OF Republican lead
ership In the legislative department
TO keep step in the forward march
| toward better government.
Notwithstanding the indefensible
hiibustering Of q Democratic minor
ity in the House OF Representatives
during the last session, many whole
some and progressive laws were en-
acted. and we especially commend
the passage OF the Emergency Cur
rency bin. the appointment of the
National Monetary Commission. the
Employers and Government Liabii-
ity laws, the measures for tha great
er efficiency of the army and navy.
the Widows Pensin bill. the Child
Labor law for the District OF Colum-
bia, the new statutes for the safety
of railroad engineers and firemen
and many other acts conserving the
public welfare.
Pledges for the Future-Tariff.
The Republican party declares un-
equivocally for a revision of the tariff
by a special session of Congress i'm
mediately following the Inauguration
| of the next President, and commends
the steps already taken to this end
in the work assigned to the appro-
pirate committees of Congress which
are now investigating the operation
and such effect of existing schedules.
In all tariff legislation the true prin-
cip1e of protection is best maintain
ed by the imposition of such duties
as will equal the difference between
the cost of production at home and
abroad, together with a reasonable
profit to American Industries. We
favor the establishment of maximum
and minimum rates to be administer
ed by the President under limitations
fixed in the law, the maximum to be
available to meet determinations by
foreign countries against American
goods entering their markets, and
| the minimum to represent the nor
| NAL measure of protection at home,
the aim and purpose of the Republi-
can policy being not only to preserve,
| without excessive duties, that secur-
| ity against foreign competition to
| which American manufacturers, far
mers and producers are entitled, but
! also of the wage-earners of this coun-
ciaries of the protective system. Be-
tween the United States and the Phil
| ippines we believe in a free inter-
| change of products, with such limita-
tions as to sugar and tobacco as will
] afford adequate production to domes-
| tic interests.
| Currency.
| We approve the emergency meas
ures adopted by the Government dur
ing the recent financial disturbance,
and especially commend the passage
by Congress at the last session of the
law designed to protect the country
from a repitition of such 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 investigate all proposed
methods, insures the early realiza-
| currency laws have fully justified
their adoption. but an expanding
commerce, a marvellous growth In
wealth and population, multiplying
the centers of distribution, increasing
the demand for the movement of
crops in the West and South and
entailing periodic changes in none
tary conditions, disclose the needs of
a more elastic and adaptable sys-
tenn. Such a system must meet the
requirements Of agriculturists, manu-
facturers. merchants and business
men generally; must be automatic
in operation, minimizing the fuctua-
tions in interest rates and, above all
must be in harmony with that Re.
publican doctrine which insists that
every dollar shall be based upon and
as good as gold.
Il Postal Savings.
We favor the establishment of q
postal savings bank system for the
convenience Of the people and the
encouragement of thrift.
ii Trusts.
The Republican party passed the
Sherman Antitrust law over Demo
cratic opposition and enforced 1t af
ter Democratic dereliction. It ha.
been a wholesome instrument fol
good in the hands of a wise api
|. fearless Administration. But expert
ence has shown that its effectiveness.
can be strengthened and its real OBJ
jects better attained by such amend
ments as viii give to the Fedora