The Washington times., 1909-05-17
ON TARIFF,
IS FOR Profession
New York Senator Says
Hamilton Idea Has Gone
Around fhe World.

Senator Chauncey NJ. Depew of New
York. in an entertaining speech on the
tariff today, urged the Senate to take
speedy action on the tariff bill; opposed
the adoption by the Federal Govern
ment OF income or inheritance taxes;
and defended the Finance Committee
tariff bill against those Senator's who
are attacking It.
Senator Depew spoke in an especially
optimistic vein as to the prosperity in
store for the country when the tariff
bin IS disposed OF.
Mr.. President" he said. '+the country
wants speedy action upon this subject
In all the phenomenal times Of pros
perity Of the past, none OF them equal
the present IN its opportunities and its
promise. The stocks Of the merchants
are depleted, the storehouses of the
manufacturers are empty. the supplies
on hand have been used up and no
new production undertaken for fear of
the result of the action Of this Congress-
The impatient horses attached to the
car OF progress and prosperity are held
IN with difficulty, because of their i'm
patience to enter upon the Marathon
race OF production and development"
Hancock Vindicated.
Recalling that the tariff had been the
subject OF legislation for centuries and
that it went back to the days of Eliza
beth, Senator Depew said he doubted il
1t was possible to shed much light up
on II. But he said one effect of the
present discussion had been TO rehabiIi-
tate the reputation Of the lamented Cen
eral Hancock, who said the tariff was
local issue.
1t Is breaking party lines in States
Where ITS productive energies are pro-
ducing prosperity" said the Senator.
lndulgins in good-natured criticism
OF Senators Deliver, Cummins, Nelson
and others on the Republican side who
nave been attacking the pending bill
Senator Depew said:
The favorlte method now OF attack
ING the protective principle IS 70 pro-
claim loyalty to the principle OF protec-
uon and oppose its application"
Tribute to Hamilton.
Discussing the struggle between the
tariff ideas Of Alexander Hamilton and
Robert ]. Walker, after paying a warm
tribute to Hamilton, Mr.. Depew said
Hamilton's policy has repaired the
rayages OF war. II has created in the
states which were-and some still are
dominated by the Walker view, new in
dustries which are developing local and
national wealth and supporting large
populations. Inc ideas Of Hamilton
have crossed the oceans; they have
captured every country in the world
except Great britain; they have become
the controlling policy in every one of
the British Colonies The fight to the
death is now going on an the last cita-
del Of Adam Smith. Richard Golden
and Robert J Walker-the British Isles
1t is a contest which I believe Tnust re-
suit here, IS everywhere else, in the
triumph Of the ideas Of Alexander Pam-
iltOu."
The speaker said that IN this debate
the increased cost or production had
been lost sight OF; that wages had more
than doubled since 1860 and that they
had increased % per cent since the
Dingley bin was enacted while the
hours Of labor had been reduced from
a third TO a quarter. Thus the cost OF
production had gone up since the Ding
ley bill was enacted from . to 10 per
cent.
Senator Depew spoke out for duty
on petroleum, and declared -'it is as
plain as that two and two make four
that the Standard Oil Company would
be the sole beneficiary at the expense
OF The American independent producers
of the free trade IN oil between Mexico
and TIE United States.