Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-10-25
PRESIDENTS AND PANICs.

TNroiDE-INiS AND FANICS.
The standpa spebnders who see the hand
writing on the heavens which tell OF Democratic
victory on November s. are waxing earnes, in their
admonItions to the dea rpeope asserting that rad
zeal tampering with the sacred tariff is calculated
to precpitate another panic
Remember the panic OF 1898" they say.
Remember the panic of 1907 No panic under
Taft Better be safe than sorry
a supposed warning. almost threat which
the Democratic Campaign Committee has pro
coded to throttle in the following declaration:
In this campaign the Republicans will have il
that il Mr. Wilson is elected tariff bill passed.
panic is inevitable Tariff bills do not cause panics
a downward revision Of the present tariff might
make of its highly prosperous beneficiaries
very uncomfortable. but it would almost inevitably
improve the general conditions Of business and en-
nance the prosperity of the people because the
dutis levied are unjust are burdensome are
drain upon the people resources and an obs,ruc-
ton to the exchanges OF trade The Republican
argument puts Governor Wilson and the Democrats
in the position OF really desiring and intending to
destroy the country business and bring on trade
stagnation hat is the same thing as saying that
more than one-hal! the people Of the country are
blind. unreasoning fanatics. We have heard this
argument for forty years until It is listened to now
with contemptuous smiles It used to be very easy
to fool the people Where they were once fooled
they have become informed They have learned
from high Republican sources the Tariff Board
that the old pretensc OF the need OF duties to pro
tect American labor against the competition Of
Europes pauper labor is a ghasty lie They know
that when they buy a tariff protected article only
a very small part Of the added price goes into the
Ireasury. the bulk OF exaction finds It's way into
the buging pockets of the manufacturer. The PEG
pie are thinking good deal less about the manu-
iaoturer sophisries and his oucnes than they
about their own condition. It's the day OF the con
sumner II the return Of prosperity is condition
very favorable to President Iafts campaign, this
high cost of living offests it, and more With food
supplies at prices that are well nigh prohibitory
even for those OF good incomes, it is hard to per
suade the common man, the average man, that
there is any good reason for maintaining duties on
the articles he needs for the nourishment Of his
body
The tariff argument works steadily and effect
lively against Republicans in the campaign of this
year The abuses and extortions OF the tariff law,
which was continued in force. almost unchanged,
by an act OF Republican bad faith. have been too
often exposed for deception to be longer possible.
The hardship, the injustice the outrage OF exto;-
Tomato dutie. are felt as they have been ielt
before. The panic cry is heard with derision, not
only because OF its hollow insinoerity.
The people were cheated of their hopes when the
Republicans revised the tariff in 900. They are
now in a mood to insist upon downward revision
in god faith They clearly that that kind Of
revision will be undertaken only by the Democrats.
The Republican party and the Progressive party
are committed to protection their attitude is prac-
tcally that of the standpa,ter Avote for Wilson
is he only vote that will count for tariff reduction