The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-01-04
WOODROW WOODROW WILSON URGES URGES
REFORM OF TARIFF
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Aesoesatva rrsse EnessAl
kra yerk January -4-ssosefHet
wenarew Wilson II Nsw Jersey I'd
dressed the National Democratic
lCiab here fast nirhl 90 the tople
'Thc nsmsafaiie Parts and the
lFariff Unce again Mr. Wilson
said the tariff had become he
fhlef and most critical cAostion 81
Ia campaign which musi decide the
policy % our government, moi oais
in ihis great matter, bat 10 regard
so score 81 things which toufh tae
general adjustments Of cur lie"
lie continued IN part
Our tariff policy has not for
several generations been based up
on any principle whatever. but only
upon system ~ favoritism, % pat-
ronage. OF arbitrary fosterage by
the Federal government
"The strength OF American indus
TRY lies In the skin and intelligence
of the American workman, and the
capaeity OF American supeFlntend-
ents and managers and the effic-
iency and glory OF the workingman
depends upon all the moral and
physical elements involved In the cir
lcumstances OF the employment.
| II this country is to be the snug
harbor for those who are at dis
advantage in the markets OF the
world, why should 1t not also by the
convenient method OF combination,
be refuge for those who are also
at disadvantage in the markets OF
America itself, Are there not ev-
| licences that 1t has become just that?
Have not great combinations re-
Gently effected in this country
brought about just such a result?
| OF a dozen mills or factories brought
| together in a single trust or combi-
nation, there is always a very con-
siderable variety In the so-called
cost of production. In some the
machinery has not been brot up to
date; the plant is not built in way
to lend itself to the most efficient
methods of production; the market
lis not quite so accessible; the source
lof raw materials is more difficult
OF access Again and again it has
happened that after the combination
was effected the less efficient factor
les and mills were closed down and
only the more efficient continued III
operation; but the business as newly
constituted had to carry the cost OF
the original merger of the ineffi,
cient mills and factories. They
were probably put into the combina-
ton at a figure greatly exceeding
their real value.
This figure enters into the issue
lof the securities of the corporation /;
the profits must be made upon those
Figures if the stockholders are to
get dividends and so the country
must carry for an indefinite period
sufficient establishments which have
lbeen actually closed and put out OF
business. And this very process it.
self shows the futility of any attemp,
to base duties upon cost of produc-
ltion'
When America was in her infan-
Icy; when her resources were unde.
veloped; when her industries were
at their beginning; there was much
to be said for a system of artificial
Stimulation and protection Blu
long after that period was passed
! and the reason for the maintenance
jof the system of protection Gu
laway, it was maintained upon othe1
theories and with other purposes
land it has grown until ii has becom,
a veritable incubus, not merely up
on the consumer, but upon the bus
mess OF the country itself; and OF
lit have been built up great combina
lions and monopolies, which hay'
. drawn upon themselves universe
condemnation.
I'VE are rich enough, We are SAT,
enough in our prosperity, we arr
, lsure enough of our capacity, of GU
skill, of our resourcefulness, to Sc
, Yourselves free at last. We are read.
now in our majority to return to thu
fuses of government of which III,
mature can approve. Taxation mus
, never be used for the benefit o
! lsome at the expense of others. Thu
lpower of government must never b.
loaned to those who can not re
strain themselves. The only legit
Innate object of taxation is revenue
|, for the support of the government.