The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-06-24

labor abroad, thus establishing for our
wage earners the American Standard
of living. The protective tariff is Sc
woven into the fabric of our indus
trial and AGRICULTURAL life that to SUBJ
stitute a tariff for revenue only would
destroy many industries and throw
millions of u people out of employ
inent. The products of the farm and
of the mine should receive the same
measure ri protection as other prod
uCts IF American labor.
We mold that the import duties
should he high enough while Welding
a shf1lcient reNenue to protect ade-
Quately American industries and wa
eeS. SOM of the existing import du.
ties arc too high and should be re-
Inced, FeadiNstmont should he made
from time to time to conform to
changed conditions and to reduce ex-
ceSsiVe rate but without injury to
any American industry. To accom-
push this. correct information is in
d!spensahie. This information can
pest be obtained by an export commits
son. as the large volume of useful
facts contained in til" recent reports
of the tariff board has demonstrated
n pronounced feature of modern
INDUSTRIAL life is its enormous diver
sitlcation. To apply tariff rates Justly
to these changing conditions REQUIRES
closer study and more scientific meth
cds thah ever before. The republican
party has shown by its creation of a
lariH BOARD. its recognition of this
summon N its determination to be
equal to it. We condemn the demo-
erat1c party for its failure either to
PROVIDE funds for the continuance of
thls board or to ma Ike some other pro-
VISIONS for securing tho information
requisite for intelligent tariff leeisla-
ton: We protest against the demo
cratic method of legislating on these
N!tallN important subjects without
careful Investigation.
We condemn the democratic tariff
bllls passed by the house of renresen-
,i'lNes of the Sixty second congress az
secfi"nal. as injurious to the pubIif
credit and destructive of business en-
terprise.
The steadily increasing cost of liv-
lns mas become a matter not only of
natlonal but of worldwide concern.
me fact 1t is not due to the protec-
tive tariff system is evidenced nv the
existnce of similar conditions in conn
tries which have a tariff policy differ
emf from our own, as we'll as by the
TACT that the cost of living has in
cfeased, while rates of duty have re-
NAMED stationary or beer reduced.
me republican party will support
a prompt scientific inquiry into the
causes which are operative, both in
me lnlted States and elsewhere to in
crease the cost of living. When the
exact facts are known, it will take the
necessary steps to remove the abuses
mat may be found to exist i'm order
mat the cost of the food, clothing and
shelter of the people may in no way
be undulN or artificially increased.
Banking and Currency.
TIL republican party has always
stood for a sound currency and for
safe banking methods. 1t is respon-
sihle for the resumption of specie pay
ments and for the este Enlistment Of
the gold standards. 1t is committed
to the progressive development Of our
banking and currency system. Our
K arrangements today need
further revision to meet the require
ments of current conditions. We
need measures which will prevent the
recurrence of money panics and inan-
cial disturbances and which will pro-
mote the prosperity Of business and
the welfare of labor by producing
constant employment.
we need better currency facilities
for the movement of crops in the west
and south. We need banking ar
rangement under American auspices
for the encouragement and better
onduc of our foreign trade. In at
taining these conditions, the indepen-
dence of individual banks. whether
organized under national or state
charters, must be carefully protected
and our banking and currency system
must be safeguarded from any posi-
bility Of domination by sectional,
financial or political interest.
1t is of great importance to the So
and economic welfare Of this
country that its farmers have faciIi-
ties for borrowing easily and cheaply
the money they need to increase the
productivity Of their land.
1t is as important that financial
machinery be provided to supply the
demand of farmers for credit as it is
that the banking and currency sys-
TENS be reformed in the interest of
general business. Therefore, we rec
ommend and urge an authoritative
Investigation of agricultural credit
societies and corporations in other
countries and the passage Of state