New-York tribune., 1908-08-22

T.see Tas oI is fuflmen The same kind of promises
the eeafin9 m 1885 nd yet for six months after
roIe. , There were business failures and bankrupt
employees steady work and good ov e sS91 down
sign Vice. Vases II any factory posts the
.lis OUT the employees ought to get together and
thev are ssrsmSee = as to the amount of the wages
curing CURING which the guarantee is 70 extend II the
should BE made secure If the empioyes heritage
cltlzehs shfp-is to be sold he ought at least to be
sure "f his mess of pottage-
THE TARIFF AND PANICs
cannot pass from this part of my subject with
Sat csdlng attention the Secretary Taft
mas aHowed himself TO be drawn into the use of
an aIgument which the beneaciaries of protection
Of the osg ea7eap 7epi9yng % for generation Speaking ing
. me protective system, he says in his notification
The Introduction in power of 4 party with this
aNowed purpose cannot but halt the gradual re-
produce business disaster compared with which
Indeed I Tfeen' panic and depression viii seem small
Here is threat of panic if the Republican party
worked overtime in 1895 but am surprised that
We have had three panics since the Republican
party was born.the panic OF 1913 the panic OF 1888
the Republican party had been in complete control
of the federal government for twelve years and
ing control the executive branch of the govern
ment The startling panic and depression" of
just after Republican victory and under high
tariff Is it not strange that Secretary Taft should
forget this panic when he warns us beware of
any departure from the protective system?
in complete control of the federal government
for more than ten years They had had an oppor-
tunity to do everything that they wanted to do
and to undo everything that needed to be undone.
and under such high tariff that even
This panic so bad that banks felt 1t necessary
10 do something that they had never done before. re
namely. arbitrarily limit the amount Of money that
depositors could draw on their own accounts Ex-
Secretary Shaw says that the strtngency OF 1897
"the severest the world has ever witnessed
With this panic fresh in his mind is IL not strange
that he should argue that his election is necessary
TO prevent panic?
AN INCOME TAX.
The Democratic party has declared for income
tax a part Of the revenue system, and Tor a
this tax secretary Taft announces in his notihca
ton speech that he is in favor OF an income tax
and expresses his belief that It is possible to secure
such without constitutional amendment II
objections raised to the income tax law OF 1894 wen
and good: but that is uncertain II an income @ ozN
is desirable, surely Secretary Taft cannot con,
sistently oppose the adoption Of a constitutions
aInendent II the principle Is Fgat ana Io leI and
collect such tax, and no supporter OF cet91
from the Republican candidate. .. +,
The whole aim OF our party is to secure Jqsuce Ell ~
contribute to the support government in pro
portion TO the benefits which he receives unoer tle
protection OF the government. We believe 1nat a.. -
revenue tariff, approached gradually, according 10
the plan laid down in our PLATFORM VIII eauaHas
an income tax viii taxation still more equta-
BILE If the Republican party 1s TO nave the SUP.
port Of those who find pecunlary prolt IN. IN 'ie i
exercise OF the taxing power. as private asset II,
their business, ought TO have the support OF
that large majority of the people who produce the
1a+tors wealth in time OF peace protect the ma
tons flag in time Of war and ASK TOT nolhIis Aioi
the government but even handed Justice
T7pon the conclusion Of his tariff speech Mr..
BRYAN addressed an overflow crowd in the audi
torium and emphasized his views regarding the
election Of United States Senator's by direct vote
He left Des Mones late tonight for Chicago Where
he will remain three days and hold conferences
with his campaign managers