, 1908-07-28


NAMED available. 1t became impossi,
BILE for the souiidest railroads AMI
other enterprises Ito borrow money
enough for new construction or recon-
stIuction.
VIII 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 busi-
ness investments is a 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. n In order
that We may again have the prosper
ity which blessed us for ten years.
Identity Of interests.
The identity of the interests of the
capitalist, the farmer, the business
man and the wage Garner in the Sc
curity and profit OF investments can
M be too greatly emphasized. l sub
NIT to those most interested, to wage
earners, 10 farmers and to business
men, whether the Introduction into
| power of the democratic party. with
Mr.. Br1ayn at its head, and with the
business destruction that 1t openly ad-
vocates 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 a tar
if shall be imposed on all important
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.
Protection and Wages. ~
A system of protection thus adopted
and put ir force has led to the estab-
lishment of a rate of wages here that
has greatly enhanced the standard OF
living of he laboring man. 1t is the
policy of fhe republican party perman-
emily to continue that standard of liv.
ing. In 1897 the Dingley tariff bill was
passed, under which we have had, as
already said, a period of enormous
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 exceeds the
difference between the cost of pro
duction of such articles abroad and al
home. inclrding Il reasonable profit
to the American producer.
Serves No Useful Purpose.
The excess over that difference
serves no useful purpose, but offers q
temptation to those who would monop
olize the production and the sale oil
such articles in this country, to proft
by the excessive rate. On the Other
hand, thare are other schedules in
which the tariff Is not sufficiently high
to give the measure of protection
which they should receive upon lie
publican principles, and as to those
the tariff 'houid be raised.
Little Disturbance Of Business.
A revision of the tariff undertaken
upon this principle, which is at the
basis of our present business system
begun promptly upon the incoming o.
the new administration, and consider
ed at a special session with the pre-
lim'nary Investigations already begun
by the appropriate committees Of the
house and senate, will make the dis
turbapce Of business incident to such
a change as Fttle as possible.
Bad Effect on Business.
The democratic party in its plat
form has not had the courage of it.
previous convictions on the subject o.
the tariff, denounced by it in 1904 as
a system OF the robbery of the many
for the benefit of the few, but it does
declare its intention to change the
tariff with a view to reaching a rev
enua basis n
the %proteciIve system. The introduc
ton into power of a party with this
avowsd purpose cannot but halt the
gradual recovery fom our recent finan
cial depression and produce business
disaster compared with which our re
cent panic and depression will seem
small indeed.
Farmer and Republican Party.
As the republican platform says. the
welfare Of The farmer is vital to that oil
the whole country. One of the strong
est hopes of returning prosperity is
based on Tie business which his crops
are to afford. He is vitality interest
ed in the restraining of excessive and
unduly discriminating railroad rates
n the enforcement of the pure food
laws. in the promotion of scientific ag-
riculture and in increasing the com
forts of country life. as by the extern
sion of free rural delivery.
Policies Commend Themselves.
The policies of the present admins
tration. which have most indusriously
promoted all these objects, cannot fail
to comm+nd themselves to his ap-
proval; and it is difficult to see how
with his intelligent appreciation of the
threat to business PROSPERITY involved
in democratic success at the polls he
can do otherwise than give his full and
hearty support to the continuation of
the policies Of the present administra-
ton under republican auspices.
Labor and the Republican Party.
We come To- to the question of
labor. One important phase of the
policies OF the present administration
has been IN anxiety to secure for the
wage-earncr IN equality OF opportun-
ity and such positive statutory protec-
ton as shall place him on a level in
dealing with his employer. The re-
publican party has passed an employ
ers' liability act for interstate rail-
roads. an.l has established an eight