The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1908-01-03
HAS AIDED TRUSTS
REAL EFFECT OF REPUBLICAN
PARTY's POLICY.
Planks In National Platforms Conciu.
sively Prove That the Democrats
Are the Real Friends OF the
Taxpayers.


er the Democratic position, or the Re
publican, is for the best interest of
the majority Of the people. The Re-
publican national convention declared
In 1888: we are uncompromisingly In
favor Of the American system OF pro-
lection" In 1892, 1t said: I'VE re-af-
firm the American doctrine Of pro-
lection" In 1896, II said I'VE renew
and emphasize our allegiance to the
policy of protection as the bulwark OF
American industrial Independence and
TIE foundation OF American develop.
ment and prosperity" In 1900 1t said
we renew our faith In the policy
OF protection to American labor; In
| that policy our industries have been
established. diversified and main
tanned. BY protecting the home mar.
ket competition has been stimulated
and production choapened." In 1904.
II said: Protection which guards and
| develops our industries is cardinal
policy of the Republican party, The
measure of protection should always
at least equal the difference In the
| cost of production at home and
abroad We insist upon the mainten.
ance Of the principle OF protection,
and. therefore. rates OF duty should be
readjusted only when conditions have
so changed that the public interest de
mands their alteration" The same
| platform also said "A Democratic tar.
| in has always been followed by bust
ness adversely; Republican tariff
| by business prosperity" The present
| panic. which Is producing business
adversely, shows that Republican pla:.
| forms are not to be relied on when at.
tempting to forecast the future, and
the history of the panics since the war
shows that the panic Of 1872 was
under a Republican administration,
and Republican tarln for protec-
ton. The panic OF 1928 was In full
blast before MIR. Cleveland was
elected, and the United States treas.
ury was left by the Harrison admin.
istrmlon practically bankrupt The
semi.panic OF 1901, when prices Of
commodities and of stocks and bonds
rapidly declined and factories were
closed or reduced their output, was
under Republican auspices and the
present high protective tariff The
present panic, perhaps the most dis
astrous in It's consequences that ever
occurred. has followed the boast that
a Republican tariff has always been
followed by business prosperity"
Such are the declarations of the Re-
publican party, and the undesirable
results of It's tariff policy.
The Democratic position on the tar
IN In 1876 was: we demand that all
custom house taxation shall be only
for revenue" In 1880: "A tariff for
revenue only" In 1884: The Democ.
racy pledges itself to reduce taxation
to the lowest limit consistent with
due regard TO the preservation OF the
faith OF the nation to its creditors and
pensioners" In 1855, the platform Of
1854 was reaffirmed and further de.
clared: 1T Is repugnant to the creed
of Democracy that by such taxation
the cost of the necessaries of life
should he unjustifably increased to
all our people. Judged by Democratic
principles the interests of the people
are betrayed when by unnecessary
taxation, trusts and combinations are
permitted to exist. which. while un.
duly cnriching the few that combine,
rob the body Of our citizens by depriv.
ing them of the benefits Of natural
! 10 y,,1n -
governmental action is violated when
through unnecessary taxation vast
sum OF money, far beyond the needs
OF an economical administration, is
drawn from the people and the chan.
nels of trade, and accumulated as a
demoralizing surplus In the national
treasury" In 1892: I'VE denounce the
Republican protection rs fraud, a
robbery OF the great majority OF the
American people for the benefit OF the
few. We declare It to be fu2dament
al principle OF the Democratic party
that the federal government has nc
constitutional power TO impose and
collect tariff duties. except for the pur
pose of revenue only, and we demand
that the collection of such taxes shall
be limited to the necessities OF the
government when honestly and eco
nomically administered" In 1896
I'VE hold that tariff duties should bt
levied for purposes OF revenue, sucl
duties to be so adjusted as to operate
equally throughout the country, ant
; not discriminate between class or sec
: ton, and that taxation should be lin
tied by the needs OF the government
. honestly and economically admin
istered. We denounce as disturbing
to business the Republican threat 4
: restore the Mckinley law. which ha
twice been condemned by the peopl
, In national elections, and which, en-
/ acted under the false plea of protec
r ton to home industry, proved pre-
= life breeder OF trusts and monopolies
{ enriched the few at the expense o
4 the many, restricted trade and dc
4 prlved the producers OF the grea
I American staples of access to thei