Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1908-10-01


atoms enter into an agreement to di.
vide up the business OF certain
territory. The other is where diff.
ferent companies are merged for the
purpose of controlling their particu.
lar business Rebates and undersell-
ing of small competitors are usually
indications OF an attempt to monopo
lie.
"As a matter of fact 1t is possible
to bring many different concerns to.
gether into one big corpoi alton for
the purpose of reducing the cost OF
production without attempting to
monopolize the business. But when
corporation is used not alone to
lessen the cost of production but to
stifie competition then 1t is illegal
Such corporations can be controlled
All that Is needed is the proper ad.
ministrative machinery to make posi-.
BILE complete investigation of the
workings Of every large corporation.
II am elected II will be my chief
duty to study these questions and
point out a way to end the abuses
growing out of the great combinations
of capital.
IF elected to the presidency | will
use all my efforts towards clinching
the standards of morality instituted
by Theodore Roosevelt. / don't mean
to say we will reach perfection and
am not guaranteeing millennium.
But | will do all in my power to carry
out the policies of Theodore Roose.
Welt"
The normal operation of protec.
tive tariff and the proper competition
among those who enjoy its benefits
& the reduction o. the cost OF nro
duction. The encouragement which
the industry receives leads to the
investment of capital in it, to the
training of labor, to the exercise Of
the inventive faculty of which the
American has so much, and in prac-
tlcally every case In which adequate
protection has been given, the price
of the article has fallen, the difference
in the cost of producing the article
abroad and here has been reduced.
and the necessity for maintaining
the tariff at the former rate has ceas-
ed.
'The Dingley tariff has been in
operation now more than ten years
That is period longer, | think than
the operation of any protective tariff
that we have had. 1t is intended un.
der the protective system by Judi
cious encouragement to build up in.
dustries as the natural conditions Of
the country justify to a point where
they can stand alone and fight their
own battles in the competition Of the
world. Improved machinery and
training due to our inventive genius
together with an extending home mar
ket, certainly reduces the cost of pro-
duction. Treasury and court deci-
slons have given constructions to the
tariff different from those intended
by its authors. There are many arti-
cles in common use today which were
unknown when the Dingley tariff bill
was enacted. Conditions with respect
to the cost of articles abroad have
changed just as they have changed
in this country, so that the difference
between the cost of production at
home and abroad ten years ago was
in many instances different and less
than it is today.
"The party is pledged to a genuine
revision, and as the temporary head
of that party and president of the
November, | expect to use all the In
fuence that | have by calling immedi.
ately a special session and by recon-
mendations to congress, to secure
genuine and honest revision of the
tariff in accordance with the princi-
pie of protection laid down in the
platform, based upon the examination
of appropriate evidence and impartial
as between the consumer and the
manufacturer
1T is my Judgment that a revision
of the tariff in accordance with the
pledge of the republican party will
be on the whole substantial revi-
sion downward, though there prob
ably will be a few exceptions in this
regard. AS the temporary leader OF
the party, l do not hesitate to say
with all the emphasis of which | am
capable that if the party is given the
mandate OF power In November, 1t
will perform its promises in good
faith"
He denied emphatically that the
protected interests have contributed
to the campaign found and endang.
cred the carrying out Of the pledge OF
the party for revision.
Judge Taft said that the only thing
lacking for complete restoration OF
business conditions is inspiration of
confidence Of those who control
capital, so that they will lend it to
the industrial development of the
country, to the building of new enter
prises. etc. One-third of the demand
for the manufactured products of the
country comes from their railroads. IL
they have not the money to buy the
effect is plain. Once confidence is re-
stored and the wheels will again be-
gin to turn.
The election in November will have
a marked effect on the question OF
whether confidence will be restored
or not. Certainty of the future Is
prime element in restoration of conf
dence.
The full dinner pail has as much
application now as 1t did four, eight
and twelve years ago. Mr. Bryan is
sensitive about the full dinner pail
and suggests that it is being worked
overtime. but the speaker submitted
that the full dinner pail cannot be
worked overtime. Mr. Bryan says
consideration of it brides the work
ing man. His view and that of the
speaker did not coincide as to this,
for Judge Taft insisted that the work
ing man as the right to estimate the
effect upon his welfare of the policies
of the parties.
In closing the speaker congratulated
the PEOPLE of Iowa on their honesty
and their intelligence.
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An osctrfch-feather, If held upright.