The Morning examiner. [volume] (Ogden, Utah) 1904-1910, 1910-02-13
Before Hundreds Of Cheering Republicans, President
Answers Cry Of Panic and Explains
His Future Policy
DISCUSSES PLATFORM PLEDGES AND
EXPLAINS MANNER OF THEIR KEEPING
Thoroughly Reviews Platform of Party and Boldly
Outlines Administrations Intended Treat
ment of Trusts.

a enu IN inc WOTR assigned 10 tno dp
propriato committees of congress
which are now Investigating the OPP
Grafton and effect of existing sche-
dulles. In all tariff legislation the
true principle of protection Is best
maintained by tho imposition of such
duties as will equal the difference
between tho cost Of production at
homo and abroad, together with
reasonable profit to American indus
tries. We favor tho establishment
Of maximum and minimum rates to be
administered by the president under
the fixed law. the maximum to be
available to meet determinations By
foreign countries against American
goods entering their markets and the
minimum to represent the normal
measure OF protection at home, the
aim and purpose OF the republican
policy being only TO preserve, with
out excessive duties, that security
against foreign competition to which
American manufacturers, farmers and
producers are entitled, but also TO
maintain the high standard OF living
Of the wage eerncrS OF this country
who are the most direct beneficiary
Of the protective system. Between
the United States and the Philippines
we believe in free Interchange of
products with such limitations as to
sugar and tobacco as will afford ade-
quate protection to domestic in
tcrests'
Defends Tariff.
Tho bureau OF statistics is auth
ority for the statement that during
the first six months OF the operation
OF the Payne law which has just end
ed, the average rate of duty paid on
all dutiable imports was 2109 per
cent advalorem. The average rate
OF duty paid on all imports for the
ing years under the Dingley law was
243 This would show that the
reduction in the Payne law is 29i
per cent of the value of the goods.
or that the reductian below the pre-
vious tariff rates Is IL per cent, show
ing a downward revision Of this ex-
tent in those goods which are dutia-
bic.
Customs Law Good.
81 venture to repeat the remark I
have had occasion to mako before.
that the present customs law is the
best customs law that has ever been
passed, and it is most significant in
this that Is indicates on the part OF
the republican party the adoption Of
policy to change from an increase
in duties to reduction of them and
to effect an increase Of revenue at
| the same time. The act has fur
nished To the executive the power 10
| apply the maximum and minimum
clauses in order to prevent undue
discrimination on the part of foreign
countries and this Is securing addi-
ttonal concessions In respect 10 the
impositions on our foreign trade.
| Investigation Coming.
AN investigation by the tariff
board of the sort proposed will GER
tainly take full two years or more.
| Meantime, the operation OF the pres
ent tariff promises to be consistent
with the prosperity of the country
and the furnishing Of sufficient funds
with which to meet the heavy but
| necessary expenditures Of carrying on
| our government.
! Postal Savings
The machinery of the postofflce de-
partment, with its $4,000 postoffices
and 10000 money order Offices offers
| an economic and far reaching mach
I inery in places remote from banks,
| and among people who fearbanks.
who. but for the opportunity would
not save but spend
The low interest offered, that of .
| per cent. prevents such postal saw
ings banks from interfering with reg
ular savings banks whose rate of in
terest is in excess OF per cent.
In the present state OF the senate
! bill there have been inserted amend
| Incnts drawn apparently for the Dur-
! pose Of having money deposited as
savings in government postofices,
distributed through the locality where
! deposited In tho banks. state and ma
tional, aud so deposited as to mako
/ IL impossible for the trustees Of the
fund appropriated under the law to
withdraw money for the investment
in other form. | regard such an
amendment as likely to defeat the
law
On Railroads.
ION the subject of railroads, the
republican platform said:
1--WE approve the enactment OF tho
railroad rate law and the vigorous en-
forcement by the present adminlstra-
tion OF the statute against robates
and determinations and result of
which the advantages formerly pos
sessed by the lnrge shipper over the
smnller shipper have practically dis
appeared; and in this connection we
recommend the appropriation by the
prosent congress 10 enable the inter
state commerce commission throughly
TO Investigate and give publicity TO
tho accounts OF interstate railroads.
l tsE- a fror" 49, c=s