The Dickinson press., 1908-07-11

to be q p~rotracted and acrimonious
struggle u fast assuming q peaceful
solution. 80.
Favors Revision Of Tariff.
"The Republican party stands for q
revision and readjustment Of our u
toms laws a 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 its good
faith In this regard the national house
Of representatives, clothed under the
Constitution with exclusive jurisdic-
ton to originate al bills for raising
revenue. on the Goth Of April just
passed, by formal resolution, author
ICED and directed its 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. Al it may see At, looking to-
ward the preparation Of . bill for the
revision Of the tariff
"supplementing this action on the
part Of the, house Of representatives
and cooperating with 1t the senate
also provided for an inquiry.
These public declarations BY con.
sress, upon the eve Of the election,
sive the most solemn assurance pos
sible that the work will be speedily
undertaken and preased to an early
contamination.
I'm this connection 1t al 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 tho Panic Means.
"Our recent financial disturbance
challenged the %soundness Of our
monetary condition and brought to the
fore the question Of u banking and
currency system, the consideration of
which became and continues to be q
subject of pressing and commanding
Importance. In the midst of unusual
prosperity, with 6,69S national banks
under direct supervision and control
of the national government, with a
paid up capital of owe 5000, 600, 900. a
surplus and undivided profits Of $780,.
100000 and an outstanding circulation
of $500, 000, 900, secured by United
States bonds, every dollar of which
was worth its face in gold; with an
unprecedented 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.
CONSERVATION prevailed, confidence
shaken and nothing but the prompt
and heroic action of the secretary OF
the treasury averted q widespread and
serious catastrophe.
THAT such q disturbance should
have occurred under such circum
stances furnishes the strongest evt
dence that there is something inner
emily defective in the system itself
which can. only be reached by a thor
ough overhauling. But this system
hastily i~naugurated by Secretary
Chase during the exigencies Of war
while co%nfessedly defective in it's in
ability to respond at all times to the
varying and exacting demands o.
trade, yet. during the forty-hve years
of its existence, has served q wise
and benefcent purpose.
while other countries have added
to their burden of debt, with an in
creased rate of interest thereon, this
nation has paid of $1,494,000 Of it,
obligations and the present admins
tration has lessened the volume Q
our Indebtedness by $~101,341,62S and
in it's refunding operations has re
duced the annual interest charge from
$30,371,463 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
nave -US0u dVciIou Ny SOAAAACASAo
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 drams
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 tc
his just fame as his persistent and
i%rrevocable refusal to break the un'
written law of the republic by accept.
ing a nomination for a 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.
1.-The work of this convention will
TA~ ~I~kRo~nn ~1Sv1