The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1912-06-25

practices which are abhorrent to TN
| common sense Of Justice The Repuhlicar
party favors the enactment Of lcgislatios
supplementary to the existing anti-trus
act which vii define as criminal ofrensa'
those specific acts that uniformly mart
attempts to restrain trade, TO the enc
that those Who intend to obey the law
| may have 4 guide for their acton, and
that those who aim to violate the la
may the more surely bo punished.
The same certainty should bc given q
the law prohibiting combinations ant
nonopo.ies that ch1ract eriae other pro.
visions OF commercial Jaw: ir order thit
no part Of tie aeld Of business oppor-
tunity may be- restricted by monopoly "i
combinations, chat business success hon.
orably achieved may not he converted
Int" crime and that the right 81 every
man to acquire commodities, and particd-
laNy the necessaries OF life. In an oper
n arket. uninrucnced by the msnipula.
tion Of trust on combination, may be pre-.
| served Isl
In the enforcement and administration
OF federal laws governing interstate com
nerce and enterprises impressed with a
public use engaged therein there II much
that may be committed to federal tradf
commission. thus placing In the hands ol
an administrative board many of the
functions now necessarily exercised by
the courts. THIS win promote promptness
III the administration Of the law and
avoid DELAYS and technicalities incident
u court procedure.
sThe rarIn.
We reaffirm, our belief in a protective
Erin. rhe Republican tariff policy has
been OF the greatest benefit to the coun-
try, developing our resources. diversity
Ing our industries and protecting our
Workmen against competition with cheap
er labor abroad, thus establishing for our
wage earneis the American standard Of
living The protective tariff IL 30 woven
into the fabric OF our Industrial and aRri-
cultural life that to substitute for 1t a
tsriff for revenue only would destroy
many industries and throw millions of
our people out Of employment The pr,-
ducts OF the farm and of the mine should
receive the same measure Of protection
as other products Of American labor.
We hold that the import duties should
be high enough. while Welding a SUM-
Client revenue TO protect adequately
American Industries and wages Some
Of the existing import duties are too high
and should be reduced. Readtustments
should be made from time to time 20
conform to changing conditions and
to reduce excessive rates, but with
out injury to any American Industry. To
accomplish this correct information II in
be obtained by an expert commission. as
the large. volume Of useful facts con-
tnined In the recent reports OF the tariff
board has demonstrated.
The pronounced feature Of modern In
dustrial life is It's enormous diversiiica-
tlon. To apply tariff rates justly to these
changing conditions requires closer study
and more scientific methods than ever
before. The Republican party has shown
by its creation Of a tariff board Its recoy-
milton OF this situation and its determine
tion to be equal to IT, We condemn the
Democratic party for Its failure either TO
provide funds FOR the continuance OF this
board or to make some other provision
for securing the information requisite for
intelligent tarif legislation. We protest
aRainst the Democratic method Of legis-
lntioD on these vitaly important subjects
without careful investigation.
We condemn the Democratic tariff bills
passed by the house N representa- tives
OF the Sixty-second congress as sectional.
AZ injurious TO the public credit and as
destructive OF business enterprise.
High Cost Of Living.
The steadily increasing cost Of living
has become matter not only Of national
but Of world wide concern. The fact that
II 10 not due TO the protective tariff sys-
TEN is evidenced by the existence of sim
HIT COuultlONS III COunVTltS WHICH nave
tariff policy different from our own,
as well az by the fact that the cost Of
living has Increased while rates Of duty
have remained stationary or been re-
duced.
The Republican party will support a
prompt, scientific inquiry into the causes
which are operative both In the United
States and elsewhere. to increase the cost
OF living. When the exact facts mr.,
k,,. ,.tlI tAL
to remove-any abuses that may be found
to exist In order that the cost of the
food, clothing and shelter Of the people
may In no way he mduly or artihcially
increased.
The Republican party has always stood
for sound currency and for safe bank
ing methods, It is responsible for tho
resumption Of specie payments and for
the establishment Of the gold standard
II Is committed to the progressive devel-
opment OF our banking and currency sys-
tenn our banking arrangements today
need further revision to meet the require
ments OF current conditions We need
measures which will prevent the recur-
renee OF money panics and financial dis
turbances and which will promote the
prosperity OF business and the welfare OF
labor by producing constant employment
We need hetter currency facilities for the
movement OF crops In the west and south.
We need banking arrangements under
American auspices for the encourage
ment and better conduct OF our foreign
trade.
Bank Protection.
In attaining these ends. the independ-
ence OF Individual banks whether organ
lied under national or state charters
must he carefully protected and our
banling and currency system. must bs
safeguarded from any possibility Of dom.
ination w sections. financial or political
interests.
II IL u great Importance to the socini
and economic welfare Of this country that
It's farmers have facilities for borrowing
easily ana cheaply the money they aeed
to increase the, productivity OF their land
II Is as important that financial machln-
cry be provided To supply the demand Of
farmers for credit az II is that the banh-
Ing and currency systems he reformed In
the Nterest ofqHeneral business.
Therefore. we recommend and urge an
authoritative investigation OF agrlcul-
turai credit societies and corporations In
0ther countries 1and the passage OF state
and federal laws for the establishment
aud capable supervision OF organization
having for their purpose the loanins Of
funds to farmers.
We reaitirm our adherence to the prin-
ciple 81 appointment to public ONCE
based on prov cd f,tness, and tenure dur
Inn hal