The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-07-06
Eastern Business Men Still Not
Worried by Politics.
Democratic Tariff Views Are
Not Believed Harmful.
DISAPPOINTED IN PARTIES
Banking and Currency Reform
Advocates Grieve
Because No Attention Was Paid
to Their Recommendations.

New York, July CAS- the public
is not now to any extent operating in
the securities market, and as there
seems to be no manipulation of conse-
quence, the prevailing quotations in
the stock exchange apparently repre-
sent nothing more than floor trading.
Therefore these quotations are with
out any special significance. There
are some reasons for inferring that
one or more large pools are in the
course of preparation with intent, be-
fore the summer is over, to operate
upon the speculative side in special
ties in the market. Heretofore the
advent of these pools in the market
has been disclosed through the be-
ginning of a sort of feverish course
of prices.
1t is observed that business inter
ests in this city are Indifferent now
to the planks in both the Republican
and the Democratic platforms in
which each party's position with re-
spect to the tariff is set forth. Pre-
sumably upon the stump the tariff
will be discussed, pro and con, and
yet in view of the tariff planks in
both platforms it does not appear to
our own business men that there is
any danger that the congress which
will be elected next fall will under
take very radical tariff legislation.
The Republicans, it has been
pointed out have in their platform
ueIeUO6Q InG pTOleCIlN0 pTluC1pl0 Oh
the ground that it is justified in or
der that the high standard of living
which has been characteristic of the
American wage earnerS may be main
tanned. The Democratic platform, al
though declaring that the tariff
should be levied solely for the pur-
pose of revenue, and while attack
ing the high Republican tariff as the
principal cause for the unequal dis
tribution of wealth, nevertheless
seems to business men here to quail
ify that assertion by the clause in the
platform which asserts that tariff tax
alton is intimately concerned with the
business of the country, and that the
Democratic party does not advocate
tariff legislation which would tend to
injure legitimate industry.
It does seem to some of the bust
ness men of New York as though this
statement and also the statement in
the Republican platform that a pro-
tective tariff may be justified on the
ground that it serves to maintain the
high standard of living in the United
States makes it clear that the bust
ness interests of the country need not
be seriously disturbed so far as the
tariff question is concerned whether
the Democratic or the Republican
party is successful.
The Real Issue.
While it is thought to be inevitable
tackled and defended by those who
take part in the public discussions
which are to form the chief feature of
the campaign, nevertheless the real
issue will, it is presumed. gradually
serve as the basis of campaign APP
peals. In a few words this issue can
be defined as progressivism, as rep
resented by Woodrow Wilson and his
platform, and conservatism, as rep
by Taft and his platform.
We are, apparently, then, to have in
this campaign the first opportunity
ever afforded the American people of
giving their judgment upon the issues
defined by progressivism and conser-
vatism. And it is for this reason that
our business men look forward to the
campaign without any apprehension
that it will cause disturbance similar,
for instance, to the alarm which pre-
vailed in 1895 and again in 1900. |
There will be no money or business
panic due to presidential politics this
year.
The bankers of the United States, as
a whole, and that independent body of
business men which has organized the
National Citizens league for the pro-
motion of a sound banking system are
disappointed at the action