Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1910-02-17
Business Methods Must Con-
form to Law or Submit
to Change.
Declares Payne-Aldrich Tariff
Measure Best Ever
Enacted.

Enacted.
Says Republican Party Has or
Will Redeem Platform
Pledges.
New York, Feb. 13.-"If enforce
ment of the law is not consistent with
the present method of conducting
business, then the methods must be
changed to conform to the law was
President Taft's answer to Wall
streets cry of ''panic." 1t was made
to a cheering audience of hundreds OF
prominent republicans last night at
the annual Lincoln day dinner at the
republican club in this city, at the
Waldorf Astoria. Governor Hughes
shared honors with the president.
Mr.. Taft discussed the platform
pledges and how they should be kept.
At the conclusion of his detailed ar
gument as to how the republican par
ty is redeeming it's pledges, he
reached the utterances awaited with
greatest interest, when he declared
that administration is not "foOlishly
running amuck to destroy values and
confidence for the pleasure of doing
So"
The president exhorted republicans
to take courage from their opponents
demoralized condition.
The Platform Pledges.
Mr. Taft said:
1.-THE birthday of the man whose
memory we celebrate is an appropr1-
ate occasion for renewing our express
sions of respect and affection for the
republican party, and our pledges TO
keep the part it plays in the country S
history as high and useful as it was
during the administration OF the mar
tyred president. The trials he had to
undergo as president, the political
storms which the party had to wealth
err during the civil war, the divisions
in the party itself between the rad1-
cal and anti-slavery element and
those who were most conservative in
observing constitutional limitations,
dwarf and minimize the trials through
which the party is now passing, and
restore a sense of proportion to those
who allow themselves to be daunted
and discouraged, in the face of less OF
popular confidence thought to be in
Dictated by the tone of the press.
'sIn what respect has the republican
party failed in its conduct of the gov
eminent and the enactment OF laws
to perform it's duty? 1t was returned
to power year ago last November,
by very large majority, after a
campaign in which it made certain
promises in it's platform. Those prom
Uses it has substantially complied
with, or is about to perform within
the present session OF congress-
The Tariff Promise.
Taking up the promises of the last
republican platform seriatim, Mr..
Taft quoted the tariff plank, which
declared unequivocally for revision
by a special session of congress I'm.
mediately following his Inauguration
as president and reasserting the pro.
tective principle, favoring the estab-
ment of maximum and minimum rates,
and adding that the republican pol
icy is to- preserve, without excessive
duties, that security against foreign
competition to which the American
manufacturers, farmers and producers
are entitled and also to maintain the
high standard of living of the Amerl-
can wage earners, the most direct
benefciaries of the protective sys-
tenn.
Said the president, We did revise
the tariff. It is impossible to revise
the tariff without awakening an ac-
tive participation in the formation OF
the schedules of those producers
whose business may be effected by
the change. Nothing was expressly
said in the platform that it was to be
downward revision The implica.
tics was that it would be generally
downward. however. and was fairy
given by the fact that those who up
held the protective system defended
1t by the claim that after an industry
has been established by shutting out
foreign competition. domestic compe-
tition will lead to the reduction OF
prices so as to make the original high
tariff unnecessary.
Says Revision Was Downward.
In the new tariff there are 654
decreases, go Increases and 1,15u
items unchanged, but this did not
represent fair proportion in most
of the reductions and increases, De!
cause the duties were decreased on
articles having a consumptien value
of nearly $4,000, 600. 900. while the
increases were on articles having a
consumption value of less than. ST.
000,0O0,000. OF the increases. the
consumption value of those affected
which are OF luxuries, to wit, silks
wines, liquors, perfumeries. pomades
and like articles, amounted to nearly