The evening world., 1912-08-06

! subject have tended to divide into two
camps, each as unwise as the other.
/ One camp has fixed Its eyes only on
i the need OF prosperity. loudly announc-
! ing that our attention must be confined
20 securing n in bulk. and that the
division must be left to take care OF
itself. The other set has ixed its eyes
purely on the injustces OF distribution.
emitting all consideration OF the need
! OF having something 10 distribute. The
task OF the wise radical must be to re-
fuse TO be misled by either set Of false
| advisers.
The Antitrust law should be kept
on the statute books and strengthened
80 as to make II genuinely and thor
oughly effective against every big con-
Germ tending TO monopoly or guilty or
anti social practices. At tho same time
a national Industrial commission should
be created which should have complete
power 20 regulate and control all the
great Industrial concerns engaged In
Interstate business-which practically
means all OF them in this country.
1T should have complete power 20
make tho capitalization absolutely hon
est and put a stop to all stock watering.
II should have free access to the books
Of each corporation and power to find
out exactly how II treats Its employees.
Its rivals and the general public. II
should have power to compel the I'M
sparinE publicity OF all the acts OF any
corporation which goes wrong.
BELIEVES IN PROTECTION As
A PRINCIPLE.
II believe in Q protective tariff, but
believe In II As Q principle, ap-
preached from the standpoint of the
interests OF the whole people. and not
as bundle of preferences to be given
TO favored individuals. In my opinion.
the American people favor the principle
Of . protective tariff. but they desire
such . tariff to be established prim-
arily In the interests OF tho wage
worker and the consumer. The chief
opposition to our tariff at the pres
ent moment comes from the general
conviction that certain interests have
been improperly fovored by over-pro-
lection. I agree with this view.
The day of the log-rolling tariff
must end. The progressive thought
Of tho country has recognized this fact
for several years. and tho time has
come when all genuine progressives
should insist upon q thorough and
radical change In the method Of tariff
making.
-Tho first step should be the crea-
non-partisan experts whose business
shall be to study scientifically all
phases OF tariff-making and OF tariff
effects. This commission should be
large enough to cover all the different
and widely varying branches OF Amer
lean industry. II should have ample
powers to enable II to secure exact and
reliable Information
AS further means Of disrupting the
old. crooked. log-rolling method Of tar
in-makinE. all future revisions OF the
tarln should be made schedule by sched-
ule 80 changing conditions may require
Tho Democratic platform declares for
q tarin Tor revenue only. asserting that
. protective tariff 10 unconstitutional.
The abolition Of the protective tariff or
the substitution for II OF q tariff for
revenue only. as proposed by the DEM
ocratic platform. would plunge this
country into the most widespread In
dustrial depression We have yet seen,
and THE depression would continue for
an indefinite period.
HOW TO REDUCE THE HIGH
COST OF LIVING.
| Inere can be no more important ques-
ZION than the high cost OF living neces-
SUES. Now. grave though the problem
70. there = one way to make Il graver.
ana that 10 to deal with II insincerely,
TO advance false remedies, to promise
the impossible. Our opponents. Repubil-
cans ana Democrats alike, propose TO
asaa with II In this way: The Repub.
licans In their platform promise an In
quiry into the facts. Most certainly
there should be such inquiry.
| But the way the present Admins
tration has failed to keep It's promises
IN the past. and the rank dishonesty OF
action on the part OF the Penrose.
es-ouggenheim National Conven-
ton. makes their every promise worth
less.
| The Democratic platform affects 70
nnd the entire cause of the high cost
OF living In the tarin. and promises TO
remedy II by free trade. especially free
trade In the necessaries OF life.
! There must be legislation which
VIII bring about closer business rela-
tionship between the farmer and the
consumer. Through the proposed In
terstats Industrial Commission we can
effectively do away with any arbitrary
control by combinations of the neces-
stiles OF life. The elimination of the
middleman by agricultural exchanges
and by the use Of improved business
methods generally. the development Of
good roads. the reclamation OF arid
| iohus ana swamp iands, the Improve
ment In tho productivity OF farms, the
announcement of all agencies which
tend to bring people back to the soil
and to mako country life moro interest
Ing a. we'll as more prontable-ail
these movements will help not only the
farmer but the man who consumes the
farmers products.
NEED OF NEW LIQUIDATION ON
cuRRENcv
I'VE believe that there exists an I'M
psrativs need for prompt legislation 70,
the improvement OF our national cur.
rency system. The experience OF re.
peated financial crises in the last forty
years has proved that the present meth
cd OF issuing. through private agencies
notes secured by Government bonds I,
both harmful and scientific. The sys
tom TO be adopted should have a. III
basic principles soundness and elasticity
The currency should now forth readi,
at the demand Of commercial activit,
and retire a. promptly when the Do.
nAnd diminishss.
There can b no greater issue thar
that OF conservation In this country
Just - We must conserve our men
women and children. so we must con.
servo the resources of tho land on which
they live- We must conserve the sol
80 that our children shall have q lane
, | that IA mora and not las. far,ii.