The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-04-26
STRONG SPEECH BY
JAMES S. SHERMAN
Continued from PAGE one.)

Continued from Page one.)
$3.50, 900, 900 of American wages paid to
foreign Ia borers.
There are two very significant fea-
lures Of this present state of our for
eign commerce. In the first place it is
necessary that our exports should ex-
coed our imports by some $500 900, 600
to s40O,O0O,000 annually in order to
make good our foreign obligations and
prevent the export OF gold.
Absorption of Imports.
"And the second, and to me the more
important feature of this great in
crease in our imports in manufactured
and partly manufactured goods, is the
displacement of American production.
4 will not assert that up to the pres
ent time it has injured any American
industry. With the immense volume
of employment that has come with the
new tariff law and the great increase
in wages and consequent purchasing
power, has come an ability TO absorb
the imports in addition to the absOTp-
ton of domestic production.
And so long as this condition OF at
fairs continues and because this In
creased importation gives the neces-
sary revenue to meet the expenses OF
tn government, we may sound no cry
of alarm. But I do call attention to this
fact for the one purpose OF asking If Il
would not be well to examine closely
into the matter OF increased lmpOTLd-
lions and to consider whether, when we
again revise the tariff, 1t will not be
necessary to check a sentiment for fur
Their downward revision, and perhaps,
instead, resort 20 a revision upward in
some schedules.
No Danger of Phohibitiye Tariff.
mo danger need be apprehended Of
enacting a tariff law which viii be pro-
hibitive. As long as we provide large
volume of employment and high wages
for our people. so long Will the ac-
cruing prosperity enable US 70 BUY
abroad such quantity of luxuries and
to some extent necessities that Will
continue to net a revenue to meet our
expenditures.
because / believe we should make
at home nearly everything we can, IN
stead of buying it abroad, l again en-
phasize the fact that while 1 do not
advocate an immediate revision Of the
tariff, I wish TO put myself on record
here as insisting that II is the duty OF
the business man or this country 10
scan closely the increasing imports ana
see IL they continue whether II would
not be wise to a little better protect
our own labor and industries instead
of sending abroad our gold TO pay cheap
labor in foreign countries
IF we do not anticipate ana prepare,
IL we open the custom gates too rar
then we shall invite and have an ava
lanche of foreign goods that will close
our mills and drive our ia0orefs 10 lQle-
ness. Then will wages and prices fall,
and, compared to the consequent ca
Iamlty and disaster that Will follow
the depression OF 1885 will be as
summer shower compared with an
equinoctial storm"
Attack on DemagOgues.
Former Congressman ]. A. watson or
Indiana, Repu blican whip IN the House
~ REPRESENTATIVE prior to his reslgna-
fion TO run for governor, brought his
audience TO its feet in an lmpassloneo
attack on demagogues. NO names were
mentioned in his attack, but MS de-
scriptions were so vivid that wee
President Sherman at least UNDERSTOOD
to whom he referred
Judging from reference to that mar
velous man, Theodore Roosevelt who
is coming back with all nations at his
! feet" Mr. Watson protested against
arraying class against class, which, he
said was contrary TO the square deal
Roosevelten policy.
There is danger in this sentiment,
he continued, *because the demagogue
will seek to use it for selfish purposes,
to help himself into government posi-
ton to fasten himself upon the body
polite.
Look out for the demagogue. He is
the most dangerous man today.
.They always claim to be the peoples
best friends; they are your worst enc
miles, he declared, suddenly shifting
from the singular to the plural.
One of Them Well KnOwa.
81 know them; I know one, and If
my distinguished friend. the vice pres
ident, was not here, l would name him.
He runs his hands through his hair and
exclaims, How long must / strive to lift
the burden from the people2
I'll tell you how long he Will last
He will last just as long as the Chau-
tauqua tickets hold out.
1T have DatlonCe with the man
who says the whole world is going to
the devil II is not. This is the best
day the world ever saw. If that is
not so, ali OF history is a mockery and
God is a myth. Don't listen to the
demagCgues. The man who would in
cite the mob for his own selfish ends
is worse than a traitor IN time of war
IF I had time / would make Just as
strong a speech for nigh protection and
ship subsidies as have my friends" he