Evening journal., 1912-09-25

third term party trust plan, with an
INSCRIPTIONS man as president, might
lead to a dictatorship that only revo-
luton could remove
He denied Governor Wilson's as
sertion that the protective tariff has
put American industrials in a straight
Jacket. declared that American work
ingmen already are more prosperous
than those in Europe and asserted
that the Democratic wool and cotton
bills would have driven American
manufacturers to England and Ger
many
In part. President Taft said: The
Republican party's tariff policy is not
20 shut out foreign manufacturers,
but to foster domestic manufactures
and to keep the American working
man employed. The tariff should be
revised so far as may be necessary
to keep prices from being eXorbitant
so that the manufactures shall Sc
cure only enough protection to pay
the scale of high wages which obtains
and ought to obtain in this country
and secure a reasonable profit from
the business.
"The American public may rest as
sured that should the Republican
party be restored TO power in all
legislative branches, all the schedules
in the present tariff Of which COM
plant is made, will be subjected to in
vestigation and report without delay
by a competent and impartial tariff
board and to the reduction or change
which may be necessary to square the
rates with the facts So far as exces-
sive prices might be due TO Illegal
combination. they can be dealt with
under the anti-trust laws
"Monstrous Monopoly
THE proposal of the third term
party to control the trusts through
/ Federal incorporation and regulation
would create the most monstrOus
| monopoly of power in the history o
the world, a power as much greater
as much more autocrauc than tha
! of a Caesar or Napoleon as th'
| business interests of the twentieth
century are greater, more dominan
and far reaching than we're those o
two thousand or one hundred year
lago. An unprincipled man with sue
mower I'm his grasp could perpetual
his authority, perhas under legiumat
forms and become a dictator until hi
hold could be shaken loose only b.
revolution"
J Asked If he regarded as hopeless oi
useless any efforts in the direction o
world commerce, President Taft said
"The record of my administration
does not indicate that ] regard sucf
efforts as either hopeless or useless
On the contrary the advances in tha
direction have been greater than a
any previous period in our history
and signally successful
The president then cited the fg
ures Of our exports and manufacture
for the last year and contrasted then
+ with the figures for 1896 the last yea
under the Wilson tariff law, as ad
ministered by Democrats.
These figures seem to be sutiiclen
replv to Governor Wilson's talk abOu
the Payne tariff law being a straigh
Jacket for American energy and in
dustry." Taft said.
. High Cost OF Living.
Taking up the high cost of living
, President Taft said:
'Keir Hardie, the English Labo
, leader said in Chicago that 33 pc
! cent of European workingmen wer
! facing starvation AS the popula
, ton of Europe is three hundred an
eighty millions, Mr.. Hardie's state
ment suggests an appalling condition
. That condition must indicate a muc
I higher living cost in comparison wit
earnings than prevails in the Unite
= States Increased prices in some FL
S ropean cities have led to rioting
r Savings banks in the United State
: show deposits of over four billio
S dollars, or S45 per capita Of the pol
!, ulation. This would indicate tina
C American workers are not only M
facing starvation but are able to pa
the cost of living and also put SOM
e Continued on Second Page.