The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1912-01-04
WOODROW WILSON
SCORES POLICIES
Of RECENT YEARS
ss .lty Jersey y j q Executive Says NJ
priiastlslr Hay n Bon
ia Observed
ADDRESSES n 4 \ DEMOCRATIC CLUB
Declares .Tariilf \ ,|HasBeea Chief and
| Nest Critical Que..iian, \ y
u Campaign
ID M y p fAa !.

z y tte
New York. Jan 3.-Goyerno.
Woodrow Wilson Of New Jersey AL
dressed the Nationa. Democratic
Club here tonight on the topic 'ssTAe
Democratic Party and the TariiY.r
Once again, Mr. Wilson said. the
tariff had become the chief aud
most critical question Of q campaign
whith must decide the policy Of our
government, not only In this great
natter. but In regard to a score or
things which touch the general ad.
'nstments Of our tfe..''
He continued In part: Is
sour tariff policy has not for aev-
rral generations been based upoI
'nv principle whatever. b,t only
mon a system Of favoritism OF rat
+onage, Of arbitrary fosterage by
the Federal government.
9,s'The strength OF American in-
iNstrySlies IN the skill and inteiIi.
rcnce of the American workman,
rwd 'csnacity nf American ,snperin-
.,rderts isrd rnar1sers; and the
,'sicieney. and glotT or the workinr-
nan depegd upon ali the mora ard
s9hysicai elements involved In tta
s'-cumstances. of tia an1ployn1eut W
Refuye For Al.
"Kthis copntrg II to be the snag
.'s,Arhor for those Who arg alta die.
advantaee. in the markets Of the
~orld. why sbon,d 1T not also by
the convenient methnd OF combine
ton, beta refuse for those who are
leo atfa disadvant In the markets
y Arrevica itselfs IRE. there mo-
a~,denees that 1t has bscome Just
.hst7 Have not great combinations
-"centiv effeeted In this country
wrought about Just such a rer,lt.
~ dozen mills or factories brought
.ovethsT In single trust or coHibi-
-etSen, there Ia always very cnu-
1derable variety in the so-caIled
."nst Of uodnction. In some the ms
's'nery' has not been brought up
- date: the plant is not built tn
~ay to lend itself to the most eAt-
lent methods OF productions: the
"'srket Ia not auits 90 accessible: the
rn,'rce Of raw. materials Is more dii-
ecult OF access. Again and again Il
has happened that after the comb.
ration was effected the less Ell
Ec'ent factories and mills were closed
Anwn and only the more efficien
continued In operation: but this
T9siness as newly constituted had TO
ANry the cost OF the original met
ver OF the inefficient mills and fac
.ories They were probably put in
= the combination at a figure great
W exceeding their real .yalue.
"This figure enters into the issue
~ the securities OF the corporation,
'he nrofits mist be made upos
hose 'Sures II the stockholders are
N get dividends. and so the country
-rnst carrv for An indefinite periaa
'~exiriert establishments which
Nave heen actually closed and put
mt Of bpsiness. And this very pro-
~ees itaeit shows the, fntiIity Of any
.4ewrt to bsse duties upon cost of
rrodNction... ,-,.
vrritahle frcuhus
when Ameria was in her in
'arcy; when her resources were ,in.
'rveloned: when her industries
ere at their beginning; there was
|,uch to be said for system OF ar
.idcial stimulation and protection.
prt long after that period was
rssed. and that reason for the
maintenance OF the system OF pro-
1eSticn cut away. 1t was maintain
~ upon other theories and with
s,ther purposes, and It has grown
|rntil 1t has become q veritahie In
mnbus, not merely upon the con-
sumsr, but upon the business Of the
country itself: and on 1t have beet
butt up great combinations and
,rcnopolies. which have drawn upoi
themselves universal condemnation.
eve are rich enough. we are safs
enough in our prosperity, we are
r,ontinueA on third pare,