Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1908-08-01

available. 1t became impossible for
the soundest railroads and other en-
terprises to borrow money enough for
new construction or reconstruction.
Will Delay Restoration of Prosperity.
Gradually business is acquiring a
healthier tone. Gradually all wealth
which was boarded is coming out to
be used. Confidence in security of
business investments is 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 in order
that we may again have the prosperity
which blessed us for ten years. The
identity Of the interests of the capital
list, the farmer, the business man and
the wage Garner in the security and
profit of investments cannot be too
greatly emphasized l submit to those
most interested, to wage earners, to
farmers and to business men, whether
the introduction into power Of the
Democratic party, with Mr.. Bryan at
its head. and with the business de-
Struction that it openly advocates as a
! remedy for present evils, will bring
about the needed confidence for the
restoration of prosperity.
Republican Doctrine of Protection.
! The Republican doctrine of protec-
ton, as definitely announced by the
Republican convention of this year and
by previous conventions, is that q tar
if shall be imposed on all imported
products, whether of the factory, farm
or mine, sufficiently great to equal the
! difference between the cost of produc-
ton abroad and at home, and that this
difference should. of course, include
! the difference between the higher
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 stand
ard of living of the laboring men, 1t
is the policy of the Republican party
permanently to continue that standard
| of living. In 1897 the Dingley Tariff
Bill was passed, under which we have
had, as already said. period of enor-
nous prosperity.
Necessity For Revision of Tariff.
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 produc-
ton of such articles abroad and at
home, including reasonable profit
to the American producer. The ex-
cess over that difference serves no
useful purpose, but offers a tempta-
ton to- those who would monop
Ollie the production and the, sale of
such articles In this country, to profit by
the excessive rate. On the other hand
there are some few other schedules in
which the tariff is not sufficiently high |
to give the measure of protection which
they should receive upon Republican
principles, and rs to those the tariff
should be raised. A revision OF the.
tariff undertaken upon this principle, |
which is at the basis of our present
business system, begun promptly upon
the incoming Of the new administra- |
ton, and considered at special ses-
sion with the preliminary investiga-
tons 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.
1N~,H 1vrI Zee Rad
Effect on Business Conditions.
The Democratic party I'm it's platform
has not had the courage Of it's previous |
convictions on the subject of the tariff, |
denounced by it in 1904 as system of
the robbery of the many for the benefit
Of the few, but it does declare its in
tentfon to change the tariff with a
view to reaching a revenue basis and
thus to depart from the protective sys-
tenn. The introduction into power OF a
party with this avowed purpose can
not but halt the gradual recovery from
our recent financial depression and pro-
duce business disaster compared with
which our recent panic and depression
will seem small indeed.
The 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 prosperity
is based on the business which his
crops are to afford. He is vitality in
terested in the restraining Of excessive
and unduly discriminating railroad
rates. I'm the enforcement Of the pure
food laws, in the promotion Of scien-
title agriculture, and Id increasing the
comforts of country life, as by the
extension Of free Rural Delivery. The
policies of the present Administration,
which have most fndustrfously pro-
NOTED all these objects, cannot fail to
commend themselves to his approval;