The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1912-06-24
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TFO RgyI S ADOP TED

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fare too high, and should be reduced.
EReadjustment should be made iron
|, time to time to conform to changing
conditions and TO reduce exeAs5iTe
rates, but without injury, to any
american industry. To accomplish
tthis correct Information is indlspens.
able. This Information can best be
obtained BY an expert commission
las the large volume of useful facts
eOntained in The recent reports Of the
tariff board has demonstrated.
The pronounced feature ofmodern
industrial life is its enormous diver
sification To apply tarif rates
\ Justly. to these changing conditions
requires closer study and more
scientific methods than ever before.
The Republican party has shown by
It's creation OF tarif board, It's rec
ognition of this situation and its
determination to be equal to It. we
condemn the Democratic party for
Tits failure either to provide funds
for the continuance of this board or
ito make some other provision for se-
curing the information requisite for
intelligent tariff legislation. We pro-
test against the Democratic method
of legislating ON these vitality inn
portant subjects without careful in
] testigation
We condemn the Democratic tar
III bills passed by the House OF Rep
! resntatives Of the sixty.second Con-
gress, as sectional, as Injurious to
the public credit and as destructive
of business enterprise.
Cost of Living.
The steadily Increasing cost of liv-
ing has become matter not only OF
national but of worldwide concern.
The fact that it is not due to the
protective tariff system is evidenced
by the existence of similar condi-
tions in countries which have tar
IN. policy different from our own, Is
well as the fact that the cost, Of
living has increased while rates OF
duty have remained stationary OF
been reduced. :.
The Republican party will sup
| port a prompt scientific inquiry into
the causes which are operative, both
in the United States and elsewhere,
to increase the cost Of living. When
the exact facts are known, 1t will
take the necessary steps TO remove
taay aBusest that may be found to ex-i
list, in order that the cost of the
food, clothing and shelter or the
people may in no way be unduly or
artificially increased.
Banking and Currency.
The Republican party has always
stood for sound currency and for
safe banking methods. It is respon-
sfhie for the resumption of speciai
payments, and for the establishment
of the gold standard. 1t is commit
ted to the progressive development
OF our banking and currency sys-
tenn. Our banking arrangements
, today need further revision to meet
the requirements Of current condf-
tons. we need measures which
VIII prevent the recurrence of money
panics and financial disturbances
and which will promote the prosper
lity OF business and the welfare Of
labor by producing constant employ
ment. We need better currency ia
cilities for the movement of crops
in the West and South. We need
banking arrangements under Amer
lean auspices for the encouragement
and better conduct of our foreign
trade. In attaining these ends, the
independence of Individual banks,
whether oranIzed under state or Jed
eral charters, must be carefully pro-
tected and our banking and cur
rency system must be safeguarded
from any possibility of domination
! by sectional. financial or political in
] terests.
1T is of great Importance to the So
cial and economical. welfare of this
country that its farmers have fact
tiles for borrowing easily and cheap
ly the money they need to increase
the productivity of their land. It
is as important that tinahcial ma
chinery be provided to supply the
demand for farmers for credit as 1t
lis that the banking and currency
system be reformed in the interest
lot general business. Therefore, We
trcommend and urge an authoritative
Investigation Of agricultural credit
societies and corporations in other
countries, and the passage of state
land federal laws for the establish
ment and capable supervision of or