Waterbury evening Democrat., 1908-06-18


 development and enjoyment of wealth so great and blessings so be- nign there shall be equal opportun- ity for all.
 The Revival of Business.
 Nothing can clearly demonstrate the sound basis upon which our com mercial, industrial and agricultural interests are founded. and the neces- sity of promoting their continued welfare through the operation of re- publican policies, as the recent safe passage of the American people through financial disturbance which, if appearing in the midst of democratic rule or the mcLace of 1t, might have equalled the familiar democratic panics of the past. We congratulate the people upon this re- newed evidence of American su- premacy and hail with confidence the signs now manifest of complete restoration of business prosperity in all lines of trade, commerce and man. ufacturing.
 Recent Republican Legislation.
 Since the election of William Me- Kinley, in 1896, the people of this country have felt anew .he wisdom of entrusting to the republican party through decisive majorities the con- trol and direction of national legisla- tion.
 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 filibustering of democratic minority n the house of representatives during the last session, many wholesome and pro- gressiye laws were enacted, and we especially commend the passage of the emergency currency bill, the ap- pointment of the national monetary commission, the employers and gov ernment liability laws, the measures for the greater efficiency 1f the army and navy, the widows pension bill, the child labor law for the District of Columbia, the new statutes for the safety of railroad engineers and firemen, and many other acts of serv- ing the public welfare.
 Republican Pledges for the Future
 Tariff.
 The republican party declares un- equivocally, for revision of the tar if by a special session of congress immediately following the inaugura- tion of the next president and com mends the steps already taken to this end in the work assigned to tke ap- propriate committees of congress which are now Investigating the oper- ation and effect of existing schedules. m 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 homo and abroad. together with reasonable profit to American industries. We favor the establishment of maximum and minimum rates to be admin ister- ed by the president under Limitations fixed ia the law, the maximum 10 be available to meet discrimination by foreign countries aioirst American eCocs entering their markets, and the minimum to represent the norma l measure of protection at home; the aim and purpose of the republican policy being not only to preserve, without excessive duties. that se- curity aga nst foreign compe .tiOn to which American manufacturers, farmers and producers are entitled, but also to maintain the high stand ard of living of the wage-earners of this country, who are the most direct benefciaries of the protective sys- tenn. Between the United States and the Philippines we believe in a free interchange of products with such limitations as to sugar and tobacco as will afford a protection 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 coun- try from a repetition of such strin- gency. The republican party is com mitted to the development of a per- manent currency system. responding to our great needs and the appoint ment of the national monetary com mission by the present congress, which will impartially investigate all proposed methods, insures the early realization of this purpose. The pres ent currency laws have fully justi- fled 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 en- tailing periodic changes in monetary conditions. disclose the need of a more elastic and adaptable system. Such system must meet the require ments of agriculturists. manufactur- CTS. merchants and business men gen. orally. must be automatic in opera ton minimizing the fluctuations in interest rates. and. above all. must be in harmony with that republican doc Urine which insists that every doilar shall be based upon. and as good as gold.
 Postal Savings.
 We favor the establishment of postal savings bank system. for the of the people and the