Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-03-26

form OF 1905 which declared that the
duties ought to be sufficient only to
cover the difference in cost OF pro-
duction IN the United states and in
foreign countries. securing reason
able profit to the producer is an Ideal
principle, He stated however, that
the difficulty is in making a pract-
cal application of that principle, be-
cause OF the constant fluctuations in
the cost Of producing in America and
abroad.
protective duties should not be
unnecessarily high" continued MIR
Crumpackcr, 1T is often charged
that q protective tariff creates trusts
Trusts are combinations growing out
of the passion of avarlce and they are
created to stifle competition and In
crease profits. All combinations are
not trusts. Trusts exist in free trade
countries as wen as In countries that
maintain protective tariffs. The chief
difference is that in a free trade
country there is no tariff behind
which a combination can find shell
ter In increasing prices and unjustly.
imposing upon the people. while in a
protected country. If the tariff is
higher than Is necessary To cover the
difference in the cost of production,
com binatlons may degenerate Into
trusts and raise prices clear to the
top of the protection wall with en-
tire safety
Mr. Crumpacker said that the vi
tai purpose of a protective tariff Is
to increase opportunities for the em-
ployment of capital and labor in the
developments of the natural resources
IT there were no protection to Ameri-
can labor he said, the level OF wages
in this country would gravitate TO the
level Of wages IN foreign countries
and he declared :hat the present tariff
policy tends to keep up a high stan
dard Of wages and living.
Notwithstanding the high scale OF
wages In this country, he said, the
United States can successfully COM
pete with the entire civilized world
in many lines of production because
il has the greatest market of amy
country. and because OF its 90,0OO,00O
people having n consuming capacity
equal to that of almost half the en-
tire population of the globe.
"rhe theory of the free raw ma
terial doctrine" said Mr. Crunpacker
"is that II promotes the greatest de-
velopment Of industries and gives the
greatest opportunities for the en-
ployment of capital and labor. Duties
upon raw materials are a handicap
upon the American mnufeturcr for
the export trade"
MIR. Crumpaeker made a lengthy
argument in favor of free hides, as
scrting that the duty on hides has in
creased the cost of shoes for the
wage Garner but has not created any
demands for any additional capital nor
created employment for single ad
ditional laburcr lie said tho average
Farmer would derive more dNe,t
benefit in the decreased cost Of boots
ana shoes, harness ana other leather
products than he now derives from
the tariff on cattle hides
He proposed as "A means of expand
ing our trade with South America
that raw materials from that con-
tncnt be admitted FREQ TO be made
into finished products in the United
states and sold back to the South
American countries. lie said that the
drawback provision Of the Payne bill
win tend largely to increase export
trade
Attacking the tariff for revenue
only" policies of the democratic party
Mr.. Crumpacker declared that this
was a sham and fraud. He dis
cusscd the maximum aud minimum
provisions OF the Payne bill and de-
clared it to be a wise provision.
II predict for this bin" said Mr..
Crumpackcr. "if it shall be enacted
into law. the sincere approval of the
people Of the country who are inter
estcd only In promoting the general
welfare. Following its enactment !
confidently look for such revival of
Industrial activity as viii foreshadow
another era Of prosperity more splen-
did, if possible. than that which fol- !
lowed the enactment Of the Dngley
bill in 1891"
Charging that the Payne tariff bill
"is deliberate betrayal Of the Amer
lean people" and that 1t is fresh IL
lustration OF the pcrfidy of the re-
publican party Mr. sheppard
(Texas) bitterly attacked the |
measure.
Amusing indeed" were the ponder
Gus assurances of MIR. Taft that the
republican party would revise the
tariff downward His volcanic pre-
decessor realized the hopelcssness of
such proposition and cvaded il to the |
last Is it possible that the compla !
cent Mr. Taft viii succeed where the
bfocal wind that recently swept from
Washington TO oyster Bay failed ut
terly. / say to you there Is more real
power In one five-cent cigar between
the iron lips of Joseph q. Cannon. the
stand pat leader than in the big sticks
of a whole regiment of Roosevelts and
Tafts."
Mr.. Sheppard said the Payne bill
was in no way sincere and enact |
able revision of the tariff and as
serted that il was a declaration ot
war with the world. '"rhe
OF the payne bill.' he said. |
would paralyzo what little progress
we have made in the extension of our
foreign trade"
lie deplorod tho failure 10 remove
or reduce the protection which ho
claimed afforded tho Standard oil |
comuanv bv the Dlnulry law