The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1910-02-13

1lgtOn can be depended Oh to enforce
the law in the best way calculated to
prevent a destruction of public conf
! den.e in business, but that it must en-
! force the law goes without saying"
Further on, the president praised
Governor Hughes, who was present,
characterizing him as the greatest as
set of the republican party in New
York state.'
Postal Savings Banks.
The postal savings bank and the
party pledge on that subject led the
president into discussion of the bill
now before congress. He said that
those who are endeavoring to amend
e bill to allow the money deposited
to be kept as savings in the banks
under trustees, who shall have no
power to use the funds and to allow
the funds to be deposited In state and
national banks indiscriminately are
prejudicing the party integrity. "'These
will put the party in a position from
which it cannot hope to escape the
charges that it is not Ia good faith
in seeking the passage of a postal
savings bank bill and is not seeking
therefore to comply with the promise
OF the republican platform in that re-
gard
Speaking of the tariff revision, the
lpresident said: "We did revise the
tariff. Nothing was expressly said in
the platform that this revision was to
be downward revision. The implica-
ton that it was to be generally down.
ward, however, was fairly given by the
| fact that those who uphold the protea
I tive tariff system defend It by the
claim that after an industry has been
established by shutting off foreign
Icompetition the domestic competition
will lead to the reduction in price SO
as to make the original high tariff un-
necessary.
The Decreases.
In the new tariff there were 654
decreases, 220 increases and 1,150
items of the dutiable list unchanged,
but this did not represent the fair
proportion in most of the reductions
and increases, because the duties were
decreased on those articles which had
consumption value Of nearly $5.000,-
0tO,000 while they were increased on
those articles which had consump-
tion value OF less than s1,000,000,000
OF the increase the consumption value
of those Effected which are luxuries,
to-wit: silks, wines, liquors, perfum-
| cry and like articles, amounted to
not on articles of luxury affected but
about SS00.000,000. as against S5.000.-
/ 600 of consumption / repeat. there
fore, that this was downward re-
!. vision. It was not downward with
reference to silks or liquors or high
priced cottons in the nature of lux
uries. 1t was downward in respect to
nearly all other articles except wool
ems. which were not affected at all.
Certainly 1t was not promised that
tile rates on luxuries should be re-
duced. The revenues were falling off,
4 there was deficit promised and it
was essential that the revenue should
be increased 1t was no violation of
4 tie promise to increase the revenues
! bv increasing the tax on luyuries, pro-
I vided there was downward revision on
i all other articles. The one substan-
4 tial defect in the compliance of the
promise of the platform was the fail.
Inra to reduce woolens. Does that
!. defect SO color the action of the re-
publican party as to make it breach
of faith leading to it's condemnation?
4 I do not think so. Parties are men. re.
visions are like. the workmen, they
are not perfect. The change which
,ithis tariff effected was g marked
chance downward in the rate Of duties
i and it was the recognition by the par
itv that the time had come when in
:! stead of increased duties they must be
i educed when recognized in IFS plat
i n and in much of what it did that
/ the rouer measure of nrotection was
the difference in cost in the produc
ltior of articles here and abroad. in
rludins a fair profit to the manufac
4 lturers.'
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