New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-26
President Also Denounces Roosevelts Trust
Plan and Promises Revision Of Tariff
Hints at Extra Session.
Revolution in Wake Of Third Term Poicies-Says
Suffrage for Women Is Question TO Be Decided by
the States-C Confident Of Victory on Recordn Office.


wilson's election. President Taft said in
an interview Yesterday. At the same time
the President denounced Roosevelts trust
plan. promised revision OF the tariii anu
limited at an extra session II the hePu0i
cans control the next Congress
The President warned the people that
the third term party trust plan with an
unprtncipled man in the Presidents chair
might lead 10 the establishment OF
dictatorship and cause resolution.
He also discussed immigration, labor
laws and paid his respects to both the
candidates running against him The IN
terview follows;
What do you think, MIR. Presl-
dent, Of the proposal Of the third
torn party to control the trusts
through federal incorporation and
regulation?
II would create the most monstrous
monopoly Of power in the history or the
world-a power az much greater, as much
more autocratic, than that or cesar OF
a Napoleon as the business interests OF
the twentieth century are greater, more
dominant and Iarreaching than We're
those of two thousand or Two hunuleu
years ago An unprincipled man win
such power in his grasp could perpetuate
his authority, perhaps under logltlmate
forms. and become q dictator until his
hold could be shaken loose Only py reNo-
luton.
To return to markets Of the
world" Mr.. President. do you re-
card as hopeless or useless any
efforts in that direction?
The record of my administration does
not Indicate that / regard such enoits
as either hopeless or useless Oh , tlle
have been greater than at any previous
period in our history, and slsnally sue
Cessful Our exports for the last year
amounted TO s2110,d9,S2S. OF when So'4'-
900 903 or 81 o. per cent Of the total, We're
manufactures ready for consumption the
largest export trade and the largest pro-
portion Of manufactures ready LOT con-
sumption the country has ever known.
In 1895. the last full year Of the last
Democratic tariff law, known as the WI
son law the total exports were SS65zW'IS',
Of which manufactures ready Tor con-
sumption amounted TO slSl,7J9,lSl pro-
portlon to the total of 21'ol. These figures
seem TO be a sufficient reply 10 Governor
Wilson's talk about the Payne tariff law
being a stratjacket for American energy
and industry.
How DO you explain the high cost
e living. MIR. President'
The noted English labor leader Keir
Hardie, who is generally REGARDED as
truthful and deliberate in hts descrip-
ton of labor conditions abroad, said in
AN address In Chicago on september 10
according TO newspaper reports, that 81
per cent Of European workinsmen are
facing starvation AS the population
OF Europe is $4,000 600 coo, Mr.. Hardie,s
statement suggests an appalling condl-
ton That condition must be due TO q
much higher cost OF living as compared
with earnings OF labor than exists in the
United States In some cities Of Europe
the high prices Of food products nave
led to rioting, and II is a fact that the
rise In prices has been Worldwide. saw
ings bank deposits amounting to A,21e-
10000 In the United States or about $40
per capita of the population, indicate
that American workers are not only not
facing starvation. but are able TO pay the
cost of living and also put something
aside for "a rainy day such as the cleo
ton of a Democratic President and Con-
gress. which would mean four years OF
rainy days.
The Payne law has had no more to do
with advancing the cost OF living than
the latest Atlantic cable tariff on the
contrary, il has enabled the American
worker to meet the cost Of living and
maintain his family in comfort.
Under the operation Of that law pros
pcrty has been gradually restored since
the panic Of 1907 Practically every able
bodied man who IS willing TO work has
work, and Ia some Of the large industrial
centres, a. well as IN other parts OF the
country. the demand for labor far eX-
ceeds the supply. city hotels have been
Jhronge0 with buyers from all sections
Of the Union, VINO report ready sales
and empty shelves, and are eager pUr-
rhasers Of goods 10 replcnish their stores
Farmers we're never better off. Every
legitimate industry is looking forward to
still greater prosperity, provided the
nations progress shall not be halted by
The benumbing glacier OF free trade or
the destructive lava stream of anarchy.
You do not appear, Mr.. President.
to hold out much hope of revision
Of the tariff?
Most certainly ] do hold out not only
the hope but the certainty Of revision,
provided that revision shall not be hap
hazard. but based upon the rate OF duty
necessary 10 prevent destructive cOmpe-
tition from European countries and,
must add. also from Japan. Under the
provisions of the Payne bill l was able
20 appoint a Tariff Board 10 make in
Vestigations into each schedule with a
view to determining the cost of produc-
ton here and the cost of production
abroad Of the articles named in the
schedule. The Tariff Board made re-
manufacture Of woollens in this coun-
try and in ali the countries abroad, and
gave similar data as 20 the manufacture
OF cotton. II the Republican party had
control OF the House OF Representatives
there would have been no difficulty IN
passing a woolen bill such as indeed was
presented by the Republicans in Congress
reducing the duty on wool and on wool
lens 10 such a degree as not to include
more than enough Co enable the WOO
industry and the woollen industry TO live
and produce a reasonable profit. The
same thing could have been done with