The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-04-26

have known, always been a low-tarifr
and downward-revision man. and the
reason why I favored the last tariff
Dill and praised 1t as t!s best ono we
Grafton of 1t on Its passage and tn.
efforts OF those who defended It ar
forwards to show that II was n down
Ward revision were all a concession by
the republican party that downward
revision was necessary. and that the
uLe uPneid by Sh.w and Cannon and
other standpatters OF the orthodox
type that no tariff could be too high.
because what you needed was n Chi
ncsc wall, had been departed from.
Now, the probability is that we shall
Ieach an agreement with our Canadlun
triehos by which all natural products
cereals, lumber, dairy products
fruits, meats. and cattlc-shall enter
po.h countries free. and that We shall
get revision-not as heavy n ono as
would like. but a substantiaI ono
nna equivalent certainly to the FrencS
Nv ,pioeity tisaty and probably more.
on manufactures.
mo truth is that the minute en-.
we adopt in convention tho nra s.n,
mat our tariff should he mcasurad ~.
.n' uihcrence In the cost OF produc.
.,oH We necessarily adopt n rule which
"ouid lcad us straight TO racInroc,,,.
III natural products with Canadn h.
.',"se the conditions In the two conn
t.leS arc so similar that there is sub-
~ no difference in the cost OF
production. Possibly labor lie s,I,.h,I.
lower In some parts OF fanoda 49,
IN the United States. but II ia ,Isn
nieher In some parts, and tbs .don-
''o'' or Tree trade would rapidl,, an
SIe"sc the cost OF labor In those parts
" "crc IL Is cheaper in Canada, go tina.
one conditions would be the same,
might at first have n tendency
TO reduce the cost of food products
sS.r'ew nat; 1t would certainly make
inc reservoir much greater and nr.
vent fluctuations. Meantime .bo
amount of Canadian products we
would take would produce a curron,
or business between Western Canoda
ana the United States that wound
make Canada only an adjunct OF tho
chitsd States. 1t would transfer all
their important business to Chicago
ana Now York with their BANK
GREATS and everything else. and /,
would increase greatly tho demand NJ
canada for our manufacturers. sec
W'ls Is an argument against rcc,p-o.
CITY made IN Canada, and 7 think :,
Is good one
Inc proposition Is to mako an ar.
rangement by which 7vn shall pra.
sent 10 both Houses OF Congress an
oiii, anu pass II as an agree
ment for Joint legislation. In .hIs
way we would avoid tho necossi,,. e.
two-'hirds In the Senate, and would
secure at once tho consent os the
house. which IN tariff matters Is een
orally regarded as necessary Mt INV
rate. This Will cause great comma.
ton. presume. It Will be unpoou
lar In New York because OF certain
lumber manufacturing interests and
hn Al n fr.+ f.,.
popular in Minnesota because OF
wheat; but on the other hand FREQ
lumber Will be popular In some pinces
ana as !; includes free paper and free
wood pulp we may count on the fair
iy good support of the press
This letter. OF course, must AJAX
YOU to regard rs confidential. though
would nc Glad to have you discuss
with colleagues on the Outlook such
near from yon as to your Judgment OF
u. think II may break the Re7ub-
iican party for awhile. AS Elihu Root
said wh>n 1 talked win him yester-
day. II may be an entering wedge
against protection. although Il Is no.
inconsistent with the principle OF pro-
lection as We laid It down In Chicago.
of course 1t Will be said against II
that we arc taking agriculture and
making 1t suffer first before We tackl,
wool and cotton. The bill Is not
likely TO pass the present Congress.
and before the new Congress. comes
together I think I shall be able 10
make some recommendations as TO
the wool and cotton schedules and
present problem to the Democrats
which they ara not likely to find an
easy one. At least Il will show the
hypocrisy OF some people O. course
this IS no ground whatever for Intro
ducing and pressing such a measure
! believe IL TO be right. and II II leads
on the other hand. TO n reduction In
wool and cotton manufacture 10 the
loves. figures and to what is n real
measure OF the difference In the cos,
OF production. so much the better
] shall be glad to hear from YOU
as soon as you conveniently can write
on this subject. because the matter is