The Sentinel=record., 1912-06-26
PARKER IN THE KEYNOTE
CONTINUED FROM PAGE ONE.


 of legal burdens on the corporations; the man who authorized the absorption of the Tennessee Coal and Iron Company by the s.eei rust me man who, oy many such drastic acts and by unnumbered words, has sought to batter down our statutory and constitutional safeguards. "Do we envy Mexico her 30 years of welded life, or the war divorce which Daz precipitated, and the end Of which no man caii prophecy? The way to pre- vent like series of terrors is to prevent the present attempt to recapture the of flee. One of our opportunities in this campaign is to lead the fight against third term. That opportunity should ap- peal to every drop of blood flowing in our veins.
 "Unquestionably we have been wrong in assuming that tradition against a third term constitutes a safeguard against interruptions ambition for unlimited power. We need definite constitutional limitation, which shall prevent imperialis- tic souls from forcing personal continua- tion in office for long periods, or for life and the personal selection Of successor in office. And the constitutional provis- ion should go one step further than our recently assailed tradition. The provision should limit to a single term. Then win the occupants of the office have before them ambition so to fulfll the great trust reposed in them that upon retire
 
 people the commendation: well done thou good and faithful servant
 In this great untfy, which boasts or a wealth of one hundred and thirty billion as against eighty billion for Great Britain sixty five billion for France and sixty billion for Germany, all are con scious that too large a part of our wealth has been secured by a small per- centage of our population and that the cost of living rises faster than the aver age income.
 "rhe principal cause of all of this is to be found in the tarfrf statutes and competition restrained. created for the purpose of wringing from the public every dollar which the tariff statutes maks possible.
 The averages of duties under the tariff Of ITS9 was and one half per cent Now the average is fifty per cent
 Tn lS42 the average was 5Z per cent m lS46 1t was reduced to 25 per cent, which worked so well that reduction 1857.
 Probably it never would have been again increased but for the war, for the census of 1860 disclosed Q higher per centage of increase of the national wealth during the preceding ten years than for any other decade before or since, and the percentage of increase in capital invested in manufacturing was also greater than during any similar period in our history
 
 during the war the first to an average of S7 and one half per cent, the second to 47 per cent That high average then, excuse only the exigencies of the war, is exceeded now, as the average is nearly DO per cent.
 The republican party has thus geared the machinery of government to enrich the few at the expense of the many. That increase of 80 per cent in the aver age has taken thousands Of millions from the general public and devoted 1t to creat- ing swollen fortunes.
 An awakening of the people led the republican national convention of 1908 by it's platform to promise a revision, True, it did not promise a revision of the tariff downward, but its assurance of revision of the tariff by a special session of con- greSs to be called immediately after the the inauguration of the next president was intended to hold the tariff reduction republicans in line, while the trick in the phraseology was to be made clear to the tariff beneficiaries.
 In vain did the people demand of con- gress the fulfilment of the republican pledge for the masters of that party the rotected-insisted upon the pound of flesh And 1t was yielded. Congress passed and the president signed the Payne Aldrich bill.
 Our outcome of this breach of faith was a democratic house which has acted SO wisely and courageously as to arouse the enthusiasm of the people and inspire the democratic party with justifiable hope of early opportunity to render q public service so badly needed Under sagacious and intrepid democratic leader ship, special bills have been. passed, hav- ing for their purpose q revision of the tariff downward, ultimately to a revenue basis These bills are known as freq list, wool. cotton, metals. chemicals, sugar and excise The presidents use of the veto has postponed however. the hour when the people shall enter into the enjoyment of the relief proposed until after the inauguration of the next presi- dent.
 ''rhe temporary failure, owing to the action of the electorate of Canada, of the effort to effectuate reciprocity with that country is regrettable. The agree ment proposed was in the interest of both people. The movement was in the right direction because it was toward a competitive policy Its immediate and laudabe purpose was to lessen the cost Of living in each country,
 Whether later the mutual advantage of our people shall be appreciated by sciousness that we took the right course should content us. In al probability however the sober thought of the peo- pie of Canada will induce reconsideration of the action of last year The tenn porary reduction of the duty of cement
 
 is significant of the results that may be expected.
 "All honor tS the democratic house which stood for the nation as a whole and left the door open to Canada
 For the ills that flow from that tariff increase from an average of 20 to 30 per cent the republican party Is responsible. For the continuance of that rate against the efforts of a democratic congress, a republican president is to blame It is evident therefore that relief can come only through the election of a democratic president and congress.
 During all these years of enforced levies upon the many for the benefit of the few, it has been abundantly demon strated that the tariff is, as accurately described by trust magnate the fruit full mother of trusts
 Whatever excuse may he offered, the ugly truth is that the republican national machine has received the moneys Of the corporate and individual heneficiaries of the tariff and combinations and in return has compelled congress to keep high the tariff rates and their attorney generals to close their eyes 10 violations of the