The Sentinel=record., 1911-07-05
TAFT TALKS
 RECIPROCITY
SAYS DOCTRINE AS PROPOSED IS
 NOT REPUBLICAN AS CLAIMED.
Denies That Price of American Wheat Would Be Reduced Ten Gents a Bushe if Agreement Is
 Ratified.

Indianapolis, July 4.-President Taft put the parting touch on his part | in the celebration of this ctys safe and sane Fourth in speech on Canadian reciprocity at the Marion Club banquet tonight. The president made his answer 10 the argument of other republicans that reciprocity as he has proposed it, is not good re- publican doctrine, but democratic doctrine.
 He showed that reciprocity as pre- sented to congress by him differed. if at all, only slightly from reciprocity as advocated by James G. Blaine and former President Mckinley. He de- clared that the contention of the op- ponents of his reciprocity plan that the doctrine is unrepublican because it affects articles that are competi- tive and not merely non competitive articles, is not sound.
 "The sound republican doctrine,' said the president, has become the imposition of duties only where the conditions are naturally unequal and where duties are necessary in regard Ito enable our manufacturers and lother producers to meet on a level the competition of foreign producers The Canadian reciprocity agreement (which has been made, squares exactly with this doctrine.'
 Replying to the contention that reciprocity would be made wholly at Ithe expense of the farmer and In the interest of the wage earner of the llgare cities, MT. Taft declared that in his judgment, "the reciprocity Iagreement will not greatly reduce the cost of living, if at all. It will.' con ltinued the president, steady prices by enlarging the reservoir of supplies flor those things that are raised in both countries and 1t will make more remote the possibility of cornering Icommodities and extorting excessive Iprices for them from the public"
 The complaint that the farmers would suffer by the agreement, the president said, when analysed. would be found to be an argument that the admission of Canadian wheat free of lduty would lower the price of wheat raised in the United States ten cents a bushel. "The answer to this ar gument," the president said. lis that this cannot be for the present price oi wheat both in the United States and lCanada is ultimaely fixed by the price Iof wheat in the world and the worlds lprices is adjusted and made at Liver Ipool by the relation of the supply oi Ithe exported wheat to the demand fol lit by countries which do not raise Ienough to supply their people"
 Although the sun was not consulted by those in charge of the celebration lof the Fourth and lowered up around l110 on the streets, most of the day ths president enjoyed his part in 1t just Ithe same in spirit of the crowded pro- lgram and the fact that his collars would not stand for more than ter minutes at time.
 The president was the guest here O. former Vice. President Fairbanks. He had breakfast at the Fairbanks home land later in the morning reviewed 6 iparade of floats from 6 stand at ths base of the Indian Soldiers ant Sailors monument.
 q have had occasion elsewhere t
 say that the three subjects in whic' | I have recently been most greatl,
 interested are not party issues. Ger
 tainly. this Is true of universal ar
 bitration of the plan of the monetsr
 commission for the reform of ou
 currency ana banking system. Wit
 respect to reciprocity, however. find that there is disposition b.
 some republicans to dispute tn
 proposition that republicans cal
 consistently support the adoption O
 the present agreement wade for thi
 purpose with the Canadian govern
 ment. It is said that this kind of re eipreci;y ,s rot renublis'n recipro city
 'It is said that this reciprocit
 covers competitive products of eac