Omaha daily bee., 1910-04-27
SHEgNAy URGES PROJECTION
Policy Mast Not Be Abandoned. Says
Vice President at Sc. Louis.
DEFENDS TEE PAYNE TARIFF
ITS the Best We CauId Set He
Firmly DevIares-Natfoa Pros
peruus With the View
Measure.

EENAA Win N4a AHN
Measure.
ST LOUIS. April B.-Predicring that
tartrf IN general and the Payne law IN par
tlcuLar Is sure % be the principal ISSUE 1f
tna cuminE campaign. Vice President James
s. Sherman In a speech here last night sad
t was MS duty as a 7r0rscriouisr 20 defsnd
the pulley. The speech was delivered De
Gore chs Citizens Industrial association
He said the policy Of protection Is grow
-ng and that lt s. 10 be uatlonal rather r1an
a political one. The forecast vas made
| mas aut within the lie spau 1t any present
living American VIII the policy be anan-
toned
Il am one 5f those 1ld-eashtuned pro-
7 tactionls SITS who believe ID American wages
and American standard Of living. the vice
president said. md mat the way % main
TIN these ls b. DUNG our own work such
f1irh. however does not preciud" the &C.
casionaI revision of our Jarifr and the
changing Il duties either up OK down. 70
meet changed cund.-uns IN our Industrial
lnd commercial transactions.
But my fa.th does include the iudg
nent that such changes should be made
by the friends and not by the enemies of
promise Co the people in the last national
campaign. and believe we can claim that
the faith was kept the pIsdge fulfilled
and char the tariff was revised sunstan-
tally and successfully.
BEST We Could Get
NO previous tariff law was more care
fully prepared or more sxhausuvsiy con-
sidered than the law watch went into ef-
tscr last August II was uor satisfactory
To al No rariT law ever was or ever
VIII be, out IL vas the oesC law We could
get and irs basic principle is protection.
1T has now been IN. operation over nine
months and We can study tls results and
detsru1ine whether or not .L IS 4 successful
and aeneficiaI measure. Thts we can not
dn As 2arrisans. BUT as business men, and
il ~ in this spirit I intend calling your
attention to the results and operation of
a few OF its features.
First. from a revenue standpoint no
question ot its success exists During the
fiscal year 10 date our receipts have been
:, over S5ClOe, l08 more than during the currs-
spending months OF last year. \ year ago
! now our deficit that Is. the excess Of or
dInary expenditures ever ordinary r.
ceiprs, SO. J08, 900; now il IS only about
Sl5,d0e, 000. and it seems quite safe to as
sums that thar deficit viii be very small.
( not entirely wiped cut, by the end OF the
fiscal year.
, IN fact. IN this particular, the trainers
+ OF the Payne law buiIded even better rhan
!, rhsy expected, a. 10 one predicted that the
new law would give a surplus during
ItI first year It Is true thaE expendi rures
. ara 4 little less than last year out the
: gain to the treasury is largely due to the
new tariff
= High wages Prevail
. 7 believe it viii not be questioned thai
; the return 70 a full volume Of employment
, has been most pranounced It viii not b,
!, questioned that all our artisans and me-
chanfcs busy and that wfrh few Ak
ceptiGns al cur working men are vel
employed. and not only employed on tII
ume, but at the highest wages IN GU
history.
Hardly a daE passes that We DO not nutl
the increase OF wages granted by SONS
railroad some industrial enterprise. AK
IL is estimated that the advance IN wage,
s WHICH viii be granted this year viii eg "a
the srupendous sum OF $500 1OG.0ea Whu,
this splendid result has come 70 The was,
sRruers-and ir Is fair assumption lhat 4
must have cume ErsJ To une employing
clasBes-it has also cuHe in equal measur'
l to our farmers.
e In fact one Of the reasons TOR The de
II crease IN exports Of t1odsuufes Is 5ecaus,
& the farmers can market almost their enliru
Is output home ald AZ the highest yrice
-s ever received BY rham.
II 50 Ii seems that sufficient -Feveuue il
d derived, we have tIu employment Tor al
r our people, and the GREATEST reward 70
n labor, whether On the farm or IN the tac
= tory. or an the railroads., ever Known i
our history and that means from 80 To 10
y per cent more than the reward 0f Iabu
+ IN other lands. The universal desire Il
e that such conditions VIII continue. Surely
81 then, We ought 70 give such a tariff LaV
" i fair trial
-e EfRect On Industrfes.
While. however we may De content q
: await further deveiopmenCs OF the law, /
], ) quite proper anu consistent to uoJs waa
= effect lu is having and may continue C.
have on our industries. Today all seem
well, but We must have thought Of Lh
= morrow and should nuJs carefully the re
suits crum day 70 day. from week 20 wees
- and month To month. IN order that We ma,
ba fully prepared 70 act wisely and wei
when the tine comes again, as ir viii GONE
Gur another revision. soma duLez ma
still be too high. some may need no change
increased II we are to continue to do GU
own work and maintain dur present voIlIm,
1t employment and high standard az wage,
and living.
Our imports during the first eIgh
months Of the present fiscal year exceeded
those of tina corresponding months OF -hs
( Iast year BY over S2Oa, 1Ba de0 or At the rat
: oe over EsOa l08 100 a year. The Increase IL
the imports 0f taOdsruffs is immateriaI
. Almost the whole increase being IN manu-
70 eacrures and material for use Ia manu-
l. featuring. nine-tenLhs Of wnIch could havJ
undoubtedly have been made In this caun
= try
OK To that extent then, American prodlIC
~ ton has been displayed and ar least ia,
r 1aa 0a8 lf American wages paid To t1reigl
il laburers-
Is There are two very significant feature
e OF this present state OF our foreign com