Evening journal., 1912-08-01

the administration and have
prevented the normal annual increase |
in government expenditure, so the re-
suit is that the deficit of S5S, ,735, 900,
which we found on the 1st of July,
1903, was changed on the 1st Of July.
1910. by Increase of the revenues
under the Payne law. including the
tax. to a surplus of S15,
100000: on July /. 1911, to a surplus
OF Ss7, pa. 900, and on July 1, 1912. to
a surplus Of S36 .336,O0O The expendi
lures for 1909 were $685., ,234.O00; for
1910. S659.705.O 900; for 1911, 1854. .138.
600: and for 1912 were S654.s04.0o0
These figures OF surplus and expendi'
ture do not include any receipts or ex-
penditures on account Of the Panama
canal.
Panama Canal.
For the benefit Of our own people and
of the world we have carried on the
work OF the Panama canal so that we
can now look forward with confidence
to its completion within eighteen
months.
The Navy.
The dignity and effectiveness of the
government OF the United States. to
gether with its responsibility for the
protection OF Hawaii, Porto Rico. Alas
ka, Panama and the Philippines, as
well as for the maintenance of the
Monroe doctrine. require the mainte
nance OF an army and a navy. We can
not properly reduce either below its
present effective size. The plan for the
maintenance Of the navy in proportion
to the growth of other navies Of the
world calls for the construction of two
new battleships each year. The Repub-
lican party has felt the responsibility
and voted the ships. The Democratic
party. in house caucus. repudiates any
obligation to meet this national need
Protective Tariff.
The platform of 1905 promised on be
half Of the Republican party to do Ger.
tain things One was that the tariff
would be revised at an extra session
An extra session was called and the
tariff was revised. The platform did
not say ia specific words that the re
vision would be generally downward
but / construed it TO mean that. Dur
ing the pendency of the bill and after
It was passed It was subjected to the
most vicious Misrepresentation. 1t was
said to be a bill to increase the tariff
rather than to reduce It. The law has
been in force now since August. 1909.
period Of about thirty-fve months. We
are able to judge from its operation
how far the statement is true that it
did reduce duties.
II has vindicated itself Under its
operation prosperity has been gradual
ly restored since the panic Of 1907
There have been no disastrous failures
and no disastrous strikes. The per
centage of reduction below the Ding
ley bin Is shown In the larger free list
and In the lower percentage OF the
tariff collected on the total value Of
the goods imported. The figures show
that under the Dingley bill. which was
IN force l44 months the average per
cent Of the imports that came IN free
was in value 44.3 per cent of the total
importations. and that under the
Payne bill, which has been in force
thirty-6ve months. the average per
cent IN value Of the imports which
have come IN free amounts TO 5l.2 per
cent OF the total: that the average ad
valorem OF the duties on all importa
tions under the twelve years of the
Dingley bill was ass per cent. Will,
under the thirty live months of The
Payne bill this was 41.2 per cent. and
that the average ad valorem Of the du
table imports under the Dingley bil
was 25.5 per cent while under th'
Payne bill 1t was 20.l per cent ]
other words. considering only reduc-
tons on dutiable goods. the reduction
in duties from the Dingley bill to the
Payne bill was 10 per cent, and con-
siderlng both free and dutiable reduc-
tions they amounted to p per cent.
The Tariff Board.
Under the provisions OF the Payne
bill / was able to appoint a tariff
board 10 make investigations into each
SCHEDULE Will n view W h0AtA II =
the cost of production here and the
cost of production abroad Of the arti-
cles named in the schedule In order to
enable congress in adjusting this
schedule 10 know what rate OF duty
was necessary to prevent a destructive
competition from European countries
and the closing up OF our mills and
other sources Of production.
In the making Of the Payne bill con
gress did not have the advantage OF
the report Of the tariff board showing
the exact facts. II 1t had the bill
would have been constructed on q
1 better basis. but we now have had the
tariff board working. and it has made
report on the production of WOO
and the manufacture Of woolens ir
this country and in all the countrie:
abroad and has given the same dats
as to the manufacture of cotton. Il
the Republican party had control Of
the house OF representatives there
would be no difficulty now In passinI
a wooden bill such as indeed as hal
been proposed by the Republicans II
the house. reducing the duty on WOO
and on woolens to such a degree al
not TO include more than enough t
enable the wool industry and the wool
en- industry TO live and produce ;
reasonable profit The same thing 4
true with respect to the cotton indus
try.
On the other hand, our opponents
the Democrats. have presented to m
for my signature a woolen bill and
cotton bill. both of which if allowed I
become a law. as the reports OF tn