The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-07-09

Deeh repeated IN advance OF every cleo
ton since the enactment of the DingIey
law, and surely the country viii not
again be deceived by RepublicanSprom-
ises 70 revise the tariff after the cleo
ton.
What does protectionism mean? Under
the Republican policy OF present legis-
lation, the people. the consumers. while
paying little more than S9O0, 900 900 per
year into the Treasury. through i'm
port duties on foreign goods. pay be-
tween H.250,000OOO and 81 500 COO 900 a
year IN the enhanced value OF home
produced goods Our domestic impOr-
tauOns exceed our total imports by ten
10 one, and they are nearly all pro-
tected.
It is safe TO say that the people pay
at least = to the already wealthy bene-
nclarles OF protectonism for every dol
lar that IS paid into the Treasury Be
! mind the wall Of high protection the
| trusts levy enormous tribute on the
people, ms IN. n has amounted to not less
/ than $4,000. 100000 IN the last decade.
The President himself has said:
i am or the opinion that one change
/ IL the tariu 10 advantage could be
/ made forthwith. Our forests need every
/ protection, and one method OF protect
/ ing them would be TO put upon the free
! list wood pulp. with a corresponding
/ run upon paper made from wood pulp.
when they come from any country that
does not put an export duty upon
| them"
What was the fruit of this recon-
| mendatiou2 In the House a committee
| Investigated the subject. This was a
| scheme 10 placate the newspapers and
| 70 excuse non-actiOn. The Republican
majority decided 10 do nothing. In fact,
4 the only work done in the matter OF re-
| vision or reduction Of the admittedly
| unJusti1able tariff was to report out
| sweepings and tea dust. This is the
/ sum tOtal OF the result OF all the ante
| election tariff revision promises, and
I repeated N several campaigns.
Trusts.
| It is tie shortest Of steps from the
tariff 10 the trusts. Let It be denied.
| If they care 10 deny Il, that tariff Is
the real mother Of the trusts.
The President has made great pre-
! tense OF destroying trusts. Let him
/ tell Of the result In a message de-
| livered to Congress he said:
THE Department Of Justice for the
last four years has devoted more at
/ tentiOn TO the enforcement Of anti
| trust legislation than anything else.
| Much has been accomplished; particu-
larly marked has been the moral effect
! of the prosecutions; but il is increas-
/ ingly evident that there VIII be very
| insufficient beneficial result IN the way
/ Of economic change.
| The successful prosecution Of one
]
I develops another device TO accomplish
i the same purpose What IS needed Is
not sweeping prohibition Of every, ar
/ -angement, good or bad. which may
/ tend to restrict competition. but such
( adequate supervision and regS latiOn as
will prevent any restriction or COmpeu-
! ton from being 20 the detriment OF
public as well as such supervision and
/ regulation as will prevent other abuses
/ in no way connected with restriction or
] competition"
1 81
/ one does not need TO dwell on this ad-
| mission further than 10 say that tire
I Imprisonment Of those who violated the
| law would have had a more salutary
/ eject thau an that has been done or
might have been done in this direction
/ during his entire administration. The
| Democratic party viii strike down spe-
! cial privileges. whether granted through
| a high protective tariff or grained 10
| GOvernmenJ-chartered corporations oy
permission Of law
The Recent Panic.
Proceeding at once 70 a mention OF
| the Republican party dealings with the
/ disturbed finances Of the country, We
! are brought before that curious legis-
! Iative compound-the Vreeland-Aldrich
! bill The Republican party boasts OF its
/ knowledge Of finance. What has il
/ given US IN this law
The only sort or legislation with any
/ great force OF public opinion behind IL
/ that the Republican party attempted to
| enact was a bill 20 prevent the recur-
! renee Of pauics. The Republican party
/ has attempted to prevent the recUr-
/ renee Of depositors' panics by an en-
! Urgency bank note bill. in the provisions
! OF which they have decreased the Sc
/ curity that the depOsitOr had in a two
3 fold way-frst. by reducing the amount
/ Of reserve required by law to be held,
! and. secondly. by making the new en-
! Urgency notes a prior lien upon all the
/ assets Of the bank. decreasing the Sc
] curiues that the bank had TO keep for
| the depOsitOr and increasing the bank
! Liabilities that must be charged against
I deposits.
Republican Failures.
| Thus, in this review. we have the
! spectacle Of a President urging a re-
/ fractory Congress to pass needed re-
| forms and appealing in vain. or we
| have another spectacle-that of a Presi-
| dent, for the sake OF his own popularity
or for the sake OF the popularity
Of his own candidate, making a poIiti-