The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1912-10-23
PRESIDENTS AND pAHics.

Yertising is sound. and Il it cCnvincess
SIR Taft Vil, b course. be reelected. +
Remember the panic Of 1893 Re-
member the panic Of 1901 no panic
under Taft Better be safe than s0F-
w 10 runs the legend The relation.
causal or otherwise. between Presl
dents and panies. or for that matter
between parties and panics. IS ex-
tremely vague. Your panic IS a thor.
ough mugwump. very much q an in-
dependent III politics. quite non-parti-
can. Panios arise from causes outside
ol politics. having very little to do
with politics Or with the policies Of
presidents and parties
The pane of 1888 was due to an
sound conditions I'll private and III
public finance. Speculation had been
too yenturesome. credit was oyerex-
tended. To these causes vas added
growing alarm about the consequences
Of the silver coinage act Of 1880 The,
currency was undergoing debasement
confidence was shaken. But although
# was passed during a Republican ad-
H5sllstration and by a Republican con
4fesa. many free silver Democrats
gave their votes 10 the measure. The
I Republicans have always insisted that
the panic of 1899 was due to the VII.
son tariff Of 1894. They ais using that
( argument now with a solemnity which
would lead one to conclude that they
\ really believe there are fools enough
Y among the voters to make such sil.g
tactics politically worth while. Again,
the panic OK 1907. often called the
/ Roosevelt panic, took its rise in the
/ lunaoundness Of banking conditions. Il
was a bankers panic, although polti-
cal agitation against the corporations
may have heightened its IN effects
I through loss Of confidence by invest
ors and the public generally But the
underlying causes were non.political
In this campaign the Republicans
viii have Il that il slr Wilson - elect
ed and a tariff bill passed. a panic is
inevitable. Tariff bills 10 not cause
panles. A downward revision Of the
j present tariff might make some Of its
highly prosperous beneficiaries vers
uncomfortable, but It would almost in.
evitably improve the general eondi
tions Of business and enhance tbs
prosperity Of the people. because Tbs
duties now levied are unjust are bur
densome, are a drain upon the peoples
resources and an obstruction 10 the ex
changes Of trade The Republican
argument puts Gov. Wilson and ths
Democrats IN the position Of really Dc
string and intending to destroy thl
countrys business and bring on trad,
stagnation. That is the same thing al
saying that more than one half tbs
people Of the country are blind, an
reasoning fanatics. We have heari
this argument for forty years. until /
is listened to nov with contemptuoul
smiles. Il used to BE- very easy 4
fool the people Where they werl
once fooled, they have become inform
ed They have learned from high Re
publican sources, the tariff board, ina
the old pretense Of the need Of dutie
to protectAmerican labor against tn
competition Of Europe's pauper labo
Is a ghastly lie. They know that whei
they buy a tariff protected article onl
a very small part Of the added pric
goes into the treasury, the bulk Of tn
exaction finds IT'S way into the bulls
ing pockets Of the manufacturer. Tn
people are thinking a good deal les
alout the manufacturer sophistrie
and his outcries than they are abou
their own condition. It is the day G
the consumer. II the return Of proi
perity Is a condition very favorable
President Tafts campaign. this hig
cost Of living offsets it, and NOR
With food supplies at prices that al
we'll nigh prohibitory even for thos
Of good incomes IT is hard TO persuad
the common man, the average maj
that there is.any good reason for mai
talnlng duties on the articles d
needs for the noufishment Of hI
body.
The tariff argument works steadll
and effectively against Republicans
the campaign Of this year The abuse
and axforfiona If the tariff lase uzhin