The Havre herald. [volume] (Havre, Mont.) 1904-1908, 1908-06-24
Favors Revision of Tariff.

revision and readJustment of our Gus
toms laws as changed Industrial con-
ditions at home and abroad may have
made necessary, keeping steadily in
view the cardinal principles of protec-
ton to American industries and Amer
lean labor. AS evidence of it's good
faith in this regard the national house
of representatives, clothed under the
Constitution with exclusive jurisdic-
ton to originate all bills for raising
revenue, on the goth of April just
lied and directed it's committee on
ways and means, the organ of the
house having jurisdiction Of the ques-
ton, to sit during the recess Of con-
gress and to gather such information,
through governmental agents and 9th
erWise, as it may see fit, looking to-
ward the preparation of bill for the
revision of the tariff
experimenting this action on the
part of the house of representatives
and cooperating with it the senate
also provided for an inquiry.
:'These public declarations by con
gress, upon the eve of the election,
give the most solemn assurance pos
sible that the work will be speedily
undertaken and pressed to an early
contamination.
"In this connection 1t can be safely
promised that whatever revision or re-
adjustment takes place under the con.
troll Of the Republican party it will
give just and adequate protection to
American industries and American Ia
Dor and defend the American market
against the unjust and unequal aggres-
sion from whatever quarter they may
come.
What the Panic Means.
"Our recent financial disturbance
challenged the soundness of our
monetary condition and brought to the
fore the question of our banking and
currency system, the consideration of
which became and continues to be a
subject Of pressing and commanding
Importance. In the midst of unusual
prosperity, with 6.6eS national banks
under direct supervision and control
I'll LAC 1CatiO1Ad1 &sof N1tI q
paid up capital Of over 5000, 900, q
surplus and undivided profits of $780,
100000 and an outstanding circulation
of $3.50, 100000, secured by United
States bonds, every dollar OF which
was worth its face in gold; with an
unpreceden ed holding of coin in the
treasury Of the United States, yet sud
den paralysis seized the banks, ma
tional and state, and they were either
reluctant or unable to respond to the
ordinary and legitimate demands OF
trade.
Transformation prevailed, confidence
shaken and nothing but the prompt
the treasury ayerted widespread and
serious catastrophe.
THAT such disturbance should
have occurred under such circum-
stances furnishes the strongest evil
dence that there is something inner
emily defective in the system itself,
which can only be reached by thor
ough oyerhauling. But this system,
hastily inaugurated by Secretary
Chase during the exigencies Of war,
while confessedly defective in it's in
ability to respond at all times to the
varying and exacting demands of
trade, yet, during the forty-five years
of its existence, has served wise
and beneficent purpose.
while other countries have added
to their burden of debt, with an in
creased rate Of interest thereon, this
nation has paid off $1,494,000 Of it's
obligations and the present admins
tration has lessened the volume of
our Indebtedness by $1O1, ,628 and
In its refunding operations has re-
duced the annual interest charge from
S3O.271, 463 to $21, 101,196.
Roosevelt an Immortal Name.
Threatened tariff wars between the
United States and Germany and be-
tween the United States and France
have been averted by commercial
agreements between the United States
and each Of those countries, made
under the authority given to the pres
ident In the third section Of the Ding
ley tariff act.
"But the browning act In this drama
was that in which the president him.
self took the initiative, halted the
armies Of Russia and Japan, bringing
about an honorable and, it Is to be
hoped, enduring peace.
yet nothing has added so much to
his just fame as his persistent and
irrevocable refusal to break the I'M
written law of the republic by accept
ing a nomination for third term. BY
this act of self-abnegation he places
his name and fame in the secure keep
ing of history by the side of that Of
the immortal Washington.
THE work of this convention will
soon be concluded. The platform will
voice the dominant thought Of the
people and the candidates nominated
must stand upon 1t firm and erect
They must have the patriotism and
CO uoc;fy cf a Iincoln the fnnarity 0f