Waterbury evening Democrat., 1908-06-16

joyment of wealth so great and bless
 ings so benign, there shall be equal
 opportunity for all.
 | Nothing so clearly demonstrates
 the sound basis upon which our com.
 mercial, industrial and agricultural I interests are founded and the neces. sity of promoting their continued wei.
 fare through the operation of re-
 publican policies as the recent safe passage of the American people
 through financial disturb
 ance which, if appearing
 in the midst of democratic rule or the
 menace of it might have equalled the familiar democratic panics of the
 past. We congratulate the people
 upon this renewed evidence of Amer
 ican supremacy and hail with confi-
 dence the signs now manifest of a l complete restoration of business pros-
 perity in all lines of trade, commerce l and manufacturing.
 Since the election of William Mo-
 kinley in 1896 the people of this
 country have felt anew the wisdom of
 intrusting to the republican party,
 through decisive majorities, the con-
 trol and direction of national legisla-
 tion. The many wise and progress
 siye measures adopted by recent ses-
 sions of congress have demonstrated
 the patriotic resolve of republican
 leadership in the legislative depart
 ment to keep step in the forward
 march toward better government. On the obstruction and filibuster-
 ing of democratic minority in the | last house of congress prevented the
 enactment of number of measures | Of great public benefit, the considera- tion of which can only be intrusted
 to another republican majority. But
 many wholesome and progressive
 laws were enacted and we especially
 commend the passage of the emer- gency currency bill, the appointment
 Of the national monetary commission, the employers and government liabil- ity laws, the measures for the greater efficiency of the army and navy, the widows pension bill, the model child labor law for the District of Colum-
 bia, designed for emulation by the states, the new statutes for the safety of railroad engineers and firemen and many acts conserving the public well fare.
 The republican party declares un- equiyocally for a revision of the tar in by special session of congress i'm mediately following the inauguration Of the next president, and comments the steps already taken to this end in the work assigned to the anoropria- ton committee of the two houses which is now investigating the opera tion and effect of existing schedules.
 In all tariff legislation the true principle of protection is best main tained by the imposition of such du- ties as will equal the difference be- tween the cost of production at home and abroad, together with a reason able profit to American industries; and the benefits that follow are best secured by the establishment of maximum and minimum rates to be administered by the president, un- der limitations fixed in the law, the maximum to be available to meet discriminations by foreign countries against American goods entering their markets, and the minimum to represent the normal measure of pro- lection at home: the aim and purpose of the republican policy being not only to preserve without excessive duties that security against foreign competition to which American man. ufacturers, farmers and producers are entitled, but also to maintain the high standard of living of the wage earners of this country, who are the most direct beneficiaries of the pro- tective system.
 Between the United States and the | Philippines we believe in a free in. terchange of products, with such linn itations as to sugar and tobacco as will avoid injury to domestic inter- ests. We approve the emergency measures adopted by the government during the recent financial disturb ance and especially commend the passage by the last session of con- gress of the temporary enactment de- signed to protect the country from a repetition of such stringsncy only until there can be established a per manent currency system that will avoid all emergencies.
 The republican party IS committed to the development of such a perma- nent system, responding Co our great ar needs. and in line on all respects with the most progressive nations of the world, and the appointment of a commission by the present which will impartially in- Festigate all proposed methods, in- 'ures the early realization of this purpose.
 The present currency laws have 'ully justified their adoption, but an expanding commerce, marvellous srowth in wealth and population the eenters of distribn. ion, increasing the dem1 d for the movement of crops in the vest and outh and entailing periodic changes n monetary conditions, disclose the iced of more elastic and adaptable ystem.-
 Such a system must meet the re- Iuirements of agriculturists. mauu- acturers, merchants and business nen generally. automatic in opera ion. minimizing the fluctuations in interest rates, and above ail. 1t must !. C in harmony with the republican ! oetrine which insists that every dol. sT shall be based upon. redeemablc ., and as good as gold. Iu line with he purpose here declared 10 securs {. ' every wise means greater safety nd stability in the banking and cur eney systems. we favor the estab- shment of postals savings Sanks 10. he people upon principles embodied