The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1912-08-08

far the statement is true that it did
reduce duties.
1T has indicated itself. Under
Its operation, prosperity has been
gradually restored since the panic of
1907. There have been no disas-
trous failures and no disastrous
strikes. The percentage of reduc-
ton below the Dingiey bill is shown
in the larger free list and in the low
er percentage of the tariff collected
on the total value of the goods i'm
ported. The figures show that I'M
der the Dingley bill. which was in
force l44 months, the average per
cent of the imports that came in
free was in value 44.3 per cent of
the total importations. and that UNI
der the Payne bill, which has been
in force 80 months, the average per
cent in value of the imports which
nave come in free amounts to ST.
per cent of the total: that the aver
age ad valorem of the dLIes on all
lmportationS under the II years of
the Ding ey bill vas 45.S per cent.
While under The 80 months of the
PAYNE bill this was 41.2 per CEN of
the total; that the average ad valor-
en- OF the duties on all importations
under the IL Years OF the Dingley bill
was 4o.S per cent, while under the
80 months of the Payne bill this was
ad Valorem of the dutiable imports
under the Dingley bill was 25.5 per
cent. while under the Payne bill it
wa eel per cent. In other words.
considering only reductions on duti-
able goods, the reduction in duties
from the Dingley bill to the PAYNE
Dill was 10 per cent. and considering
both free and dutiable reductions,
they amounted to n per cent. wy
The Result of Democratic Success.
III the result of the election were
to put thc democrats completely in
control OF all branches of the gov
eminent, then we may look for the
reduction of duties upon all those
articles the manufacture of which
need protection, and may anticipate
a serious injury to q large part of
U manufacturing industry. We
would not have to wait for actual
legislation on this subject; the very
prospect OF democratic success when
Its policy toward u great protected
industries became understood would
postpone Indefinitely the coming OF
prosperity and tend to give us a re-
currence of the hard times that we
had in the decade between 1890 and
1891. The democratic platform de
clares protection to the unconstitu-
tional, although it has been the mo-
tive and purpose of most tariff bills
since 1889, and indicates as clearly
as possible the intention to depart
from a protective policy at once. 1t
is rue the democratic platform says
that the change to the policy Of Il
revenue tariff is to be made in such
a way as not to injure industry. This
is utterly impossible when we are on
a protective basis, and it is conclu-
slNely shown to be so by the neces-
sary effect of bills already introduce
ed and passed by the democratic
House for the purpose of making
strides toward a revenue tariff. 1t is
now more than Is years since the
people of this country have had an
experience in such a change as that
which the coming in of the democra-
tic party would involve. 1t ought to
be brobght home to the people as
clearly as possible that IA change OF
economic policy. such as that which
is. deliberately proposed in the demo
cratic platform, would halt many OF
u manufacturing enterprises anG
throw many wage earAers out of EN-,
pioyment, would injure much the
home markets which the farmers
now enjoy for their products, anG
produce a condition of sutfering
among the people that no reforming
legislation could neutraliZe or miti,
gate"
Continuing, Mr.. Taft expressed
with the Interpretation of the Sher
man antitrust law as made by Tho
United States supreme court. Ht
favors defining the crimes of mono
poly and providing for voluntar,
federal incorporation to permit fed
eral regulation. NJ.
In conclusion, the president said
j know that in this wide countr.
there are m~anyNwho call themselyet
Democrats, who view, with the sam
aversion that We Republicans do
the radical propositions of change il
cur form of Government that ar,
recklessly advanced to satisfy wha
IS supposed to be popular clamor
They are men who revere theeConsti
tuition and the institutions of thei
Government with all the love and re
spect that we could possibly hav
men who deprecate disturbance il
business conditions, and are yearn
ing for that quiet from demagogi
agitation which is essential to tn
enjoyment by the whole people of th
great prosperity which the good crop
and the present conditions ought t
bring to us. To them ] appeal, as t
all Republicans, to join us in an earn
est effort to avert the politica
and economic revolution and bushes
paralysis which Republican defea
will bring about. Such misfortun
will fall most heavily on the wag
Garner. May We not hope hat h
will see what his real interest is, wi
understand the shallowness of al
tacks upon existing institutions an
d~eceitful promises of underlined bene
fit by underlined changes?
, May we not hope that the grea
f majority of voters will be able t