The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1908-08-28
ThE TARIFF AND REPUBLICAN,
pANlcs.

AAAA 80 1855 49,
the proposal OF the Democrats to
gradually substitute a revenue ta1n
for the present protective tarir. Was
foolish enough 10 make the following
statement:
The introduction In power of
party with this avowsd purpose cannot
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"
Mr.. Bryan in his tariff speech ~ Des
Moines. Aug slst. showed the absurd
ity OF Taft's statement Mr.. Bryan
said
Here is a threat OF \ panic IL the
Republican party IL not retained in
power. This panic argument vas
worked overtime in 1895. but am sur
prised that a Republican refers 20 IL
in the present campaign.
We have had three panics since the
Republican parry vas born: the panic
of 1873. the panic OF 1884 and the
panic Of 1907 The panic q 1879 came
after the Republican party had been
in complete control OF the federal gov
eminent for twelve years. and eleven
years before our party succeeded in Sc
curing control OF the executive branch
OF the government The startling
panic and depression of 1873 &C
CURED in the very midst OF Republican
rule. just after a Republican victory.
and under a high tsri6- IL II not
strange that Secretary Taft should for
get this panic. when he warns US o
beware Of any departure from the pro
tective system.
The panic OF 1907 came after the Re
publicans had been In complete con
troll OF the federal government for
more than ten years. They had had
an opportunity to DO everything that
they wanted 10 do and 10 undo every
thing thst needed 10 be undone. and
we were under such high tarir that
even Secretary Taft admitted ne ne
cessity OF revision. This panic VAS so
bad that banks felt Il necessary 70 do
something that they had never done
before. namely. arbitrarily limit ire
amount OF money that dspositors could
draw on their own account. Ex-Sec-
Rotary shaw says that the strinEency
OF 1907 was "the severest the world
has ever witnessed With this panic
fresh IN his mind. is IL no, strange
that he shcIld argue that his election
Is necessary 10 prevent a panic-
have referred 70 two OF the three
panics. bot Of these coming under
conditions which compel the Republ
can party 10 accept the responsibility
for them. New. let Us consider the
panic OF 1898. II that could be prop
erly charged TO the Democratic party.
IL would only be one Democratic panic
TO two Republican panics- But can II
be fairly charged TO the Democrats.
II came. II is true. a few months after
the Inauguration OF Democratic pres
icent. but II came while the Mckinley
high tarin was still in erec; and be
fore a single Republican Law had been
repealed. and II came from causes
chat were in operation before the elec-
ton. In fact. IL was the failure o, tie
Republican party TO DO It's duty and
satisfy the people that brought about
Democratic victory. and these causes
would have brought on Q panic. even
IL the Republican party had remained
in power Now. this Is the record and
yet in spite OF this record. the Repue-
lican candidate presunes TO threaten
a panic in case OF Democratic success.
Protection does not make good
wages Our better wages are due TO
the greater intelligence and skill Of
our worknen. TO the greater hope
which free institutions give them. to
improved machinery. TO the better con
ditions thscsurround them. and % the
examinations which have been formed
among the waxe-esrrsrs.
A revenue arir I'LL not bring q
panic: Il will not INACCURATE Industrial
depression: II will not reduce wages.
on the contrary. IL will stimulate bus
mess and give more employment. and
a larger demand for labor viii be a
/ guaranty against the reduction Of
wages. A reduction OF the tarif will
reduce the extortion that is nov prac-
ticed because OF the high schedules.
a reduction in price viii enable more
people to buy. and this larger demand
for the goods will put more people to
work and increase the number OF In
dustries. A lower price will greatly
stimulate expectation. and manufsc-
turers who are nov crippled by taris
upon what they use will be better pre-
pared to enter the contest for suprem-
acy in the worlds trade.