Golden Valley chronicle. (Beach, Billings County, N.D.) 1905-1916, 1910-03-04

districts, you do not want an investi.
CATION, and the country is getting onto
your bluff. You are getting letters
from your constituents, and they are
saying, We do not want any investi-
cation that will reduce the price of cat.
tie. We do not want any investigation
that will put cattle on the free list.
We do not want any investigation that
will reduce the price of wheat, Of
corn, of oats, Of rice. That is the
trouble; you have made mistake;
you have put your heads into the
moose, and we are going to draw it |
tighter and tighter, and we are going |
to show the country the blunder you
have made in attributing an advance
in prices to the Payne tariff.
II close with statement which
everybody who has studied the Payne
tariff knows is true. Every man in
this body ought to know it. 1nvesti.
cation by commission such as have
suggested, made up exclusively Of
Democrats from agricultural districts,
would prove it, and it would be unan-
imous report Of all that investigated
this subject Of high prices: There is
not in the Payne tariff law single
advance in rate above the Dingley
rates that justifies an increase in the
final retail price to the ultimate con-
sumer Of single necessary article Of
food, of clothing, or Of household use.
Read that statement in the Record to-
morrow morning and ponder it. That
is what you gentlemen of the minority
do not want to have shown. And the
agricultural districts are opposed to
any agitation that threatens the pres.
ent high prices of their products"
Taft's Lincoln Day Speech.
Here are some pertinent extracts
from President Taft's Lincoln day
speech in New York:
I'm what respect has the Republican
party failed in its conduct of the gov
eminent and the enactment of laws to
perform its duty? 1t was returned to
power year ago last November by a
very large majority, after campaign
in which 1t made certain promises in
Its platform, and these promises it has
either substantially complied with or
1t is about to perform within the pres
ent session of congress.
1--WE did revise the tariff. 1t is i'm
possible to revise the tariff without
awakening the active participation in
the formation of the schedules of those
producers whose business will be af-
fected by the change. This is the in
herent difficulty in the adoption or re-
vision Of tariff by our representative
system.
Nothing was expressly said in the
platform that this revision was to be q
downward revision. The implication
that it was to be generally downward,
however, was fairly given by the fact
that those who upheld a protective
tariff system defend it by the claim
that after an industry has been estab.
ltshed by shutting out foreign compe-
titton, the domestic competition will
lead to the reduction in price so as to
make the original high tariff unneces.
sary.
Il repeat, therefore. that this was q
word with reference to silks or liquors
or high-priced cottons, in the nature of
luxuries. 1t was downward in respect
to nearly all other articles except WOOL
ems, which were not affected at ALL
Certainly it was not promised that the
rates of luxuries should be reduced.
The revenues were falling of, there
was deficit promised, and it was es.
senttal that the revenues should be In.
creased.
1T was no violation of the promise
to increase the revenues by increasing
the tax on luxuries, provided there was
downward revision on all other ar
ticles.
Customs Receipts Growing.
"Of course, as the country increases
in population the customs receipts in
crease, but even considering the popu.
lation, the increase in the tariff re.
ceipts has been marked. Under the
Wilson tariff the average annual Gus.
toms receipts per capita were 1898;
under the Dingley tariff 1922, while
under the Payne tariff they are 1871.
For the six months that the Payne
tariff has been in force the total re.
ceipts both from customs and internal
revenue have been $323.899, 231. 81,
while the disbursements have been
1882. 783, 283.08, showing that the ex.
penditures exceeded the receipts by
only $8,844.051.17, with no collection
as yet from the corporation tax. For
the corresponding period last year the