Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-08-17

who are good to the Mr.. IppfttS- Inc
democratic proposal is to hurt the Mr..
Lippitts by hurting everybody. big and
little, connected with the industries which
have built up states like the New England
states. Our proposal is not merely to re-
form schedules of the tariff, but to reform
the methods and purposes of tarif max
ing; a.. .
sch edules as to which the duty is IN
doubtedly too high. We propose to deal
accordance with the reports of a nom
partisan commission of experts. who
shall make their reports. not on the
theory of being good to anybody. but
TO the American wageworker and the
American consumer.
Promises Oh Tariff.
Acting after getting full information
from such commission. we will give the
Mr.. Lippitts their rights, we will do them
full justice. but, instead of permitting
them to make the tariff to suit them
selves, we shall carefully investigate how
their business is carried on. We sha II
got the Judgment of, those able to say
what the needs of the workmen employ ed
by the Mr.. LippittS are and able TO say
whether enough of the tariff gets into the
pay envelopes of the workmen: tho juds
ment of those able to say. after full in
yestigation. whether the consumer, the
average citizen who buys the Mr.. Ippitts'
products. also gets fair treatment. In
other words. we shall do justice to the
Llppitt industry, but We shall also do
justice to the wOrkmen employed by the
Lippitts. and we shall see that no pro-
lection is afforded to the Lipptts unless
a full proportion of the benefit gets past
the front office into the pay enevelopes of
the workingmen. and finally we shall see
that the general consumer has his rights
fully protected
IF the democratic platform were carried
out in good faith, YOUR factories would
have TO close altogether. for their pro-
posal is to prevent the Mr.. .Lippitts from
prospecting by the simple process of pre-
venting every one from prospecting.
Republican Proposal.
THE republican proposal is only to give
prosperity to the Mr.. Lippitts and then to
let it trickle down according as they may
condescend TO permit such trickling. Our
proposal is to keep the factories open.
to see that the Mr.. Lippitts receive full
justice, but to see also that they do jus
tice as we'll as get it; that they do justice
to the Wageworkers whom they employ
and to the consumers whom they serve.
and make their own profits only as an
incident of thus rendering service to the
advantage of the public as a whole.
One OF our nduOndl pTODleIIlS GdHlfS
for immediate solution is that of our
banking and currency system 1t has
been demonstrated beyond any question
that the present system is unscientific
and ineffective and that if we are to en-
joy full measure of prosperity we must
adopt a modern and proper system at
least stable the financial systems of
France. England and Germany. The suf-
fering ana loss occasioned by our present
defective system OF credits and reserves
hoo nr1d
very general. and we cannot be confident
that panics so widespread as TO affect one
and all will not recur unless and until
we change our present banking laws.
Needs Of the Country.
This country should have as good a
system as any in the world-one that af-
fords protection to all legitimate inter-
ests. one that insures proper and rea-
sonable accommodation at reasonable
rates to all who may be entitled to It.
whether they be laborers, farmers. manu-
facturers or merchants in any and all
parts of the country: one which will at
least retard and minimize. if not fully
prevent. imitation and speculation. and
thus insure a proper use of the funds
of the people of our country.
I'VE must have a currency that will
meet the requirements of the whole coun-
try. 1t must have elasticity. 1t must
be absolutely beyond question in char
acter. ranking with the best in the
world. The issue of currency should be a
government function. and. therefore. the
currency issue should every dollar be as
good as gold, and this it can only be if
issued against assets SO good that the
general business sense of the community
will unhesitatingly accept them as being
as good as gold.
Above and even more important than
these requirements any system adopted
must be beyond the control of the great
Wall street and other similar interests.
The monetary commission which has re-
Gently reported to Congress has collected
an immense amount of valuable informa-
ton, especially on the foreign banking
systems.
Some Features Held Bad.
This should be more generally dis
their information. Some of the recon-
lent. | strongly object to certain fea-
lures of their plan. because in my judg-
ment they do not sufficiently safeguard
the public against the danger of control
by special or speculative interests in
Wall street.
ANY plan adopted must keep the con-
troll absolutely in the hands of the gov
eminent; only in this way can we prevent
the growth in this country OF the most
dangerous of all trusts. the money trust.
Even at present there are disquieting
symptoms OF the appearance of such a
trust: the Aldrich proposal as far as
concerns the proposed methods of con-
troll would tend to increase the danger
of the growth of such a trust. Our pro-
posal is absolutely TO prevent Ii by keep
ing the control in the hands of the gov