The Denison review. [volume] (Denison, Iowa) 1867-current, 1912-06-19

forms and saving the country from
the dangers of plutocratic govern
1nent and he proceeded to say:
"The chief function of the next
administration, in my judgment, is
distinct from and a progressive devel
opment from that which has been per
formed by President Roosevelt. The
chief junction Of the next administra
ton is to complete and perfect the
machinery by which these standards
n:J be maintained, by which the law
breakers, may be promptly restrained
and punished, but which shall operate
with sufficient accuracy and dispatch
to interfere with legitimate business
AS little as possible
Praises Administration.
"There spoke the vice of two Re.
publican administrations and the
promise of that declaration has beer
faithfully observed with painstakine
and assiduous care. The Republican
administration which is now drawing
to close has been engaged in com
plotting and perfecting the machinery
in applying the standards and work
ing cut the practical results OF estab
lished Republican policies, including
also the Mckinley policies Of pro
tective tariff and sound finances.
"The Republican party stands now
as Mckinley stood, for a protective
tariff, while the Democratic party
stands against the principle of protec
ton and with tariff for revenue only
we stand not for the abuses of the tar
if, but for the benefcent uses.
"No tariff can be devised so mod
crate, so reasonable, that it will no.;
be rejected by the Democratic party
provided its duties be adjusted with
reference to labor cost so as to pro
tect American products against being
driven out Of the market by foreign
undersell;ng, made possible through
the lower rate Of wages in other coun
tries The American foreign merchant
service has been driven off the face
of the waters because with American
sailors wages and the American stand
ard of living it could not compete with
foreign shipping. l have said that We
do not stand for the abuses of the tar
it, The chief cause of abuse has beer
that we have outgrown our old meth
cd of tariff making
"Our productive industries have be
come too vast and complicated, om
commercial relations too extensive
for any committee of congress to gel
at the facts to which the principle o.,
protection may be applied. The Re
publican party proposes to remedy
this defective method through having
the facts ascertained by an impartial
commission. through scientific investi
CATION. so that the president and con
gress shall have the basis for the Just
application of the principle of protec
tion
The Tariff Board.
"The Republican congress included
in the Payne-Aldrich bill clause un
der which the president had authority
to appoint such board to make such
investigations and report the result:
to him. The president appointed the
board. It's members are drawn from
both political parties. Their com
potency, integrity and fairness is I'm
questioned. They have reported upor
the wooden schedule; they have re
ported on the cotton schedule. The
president has transmitted their find
ngs to congress. The Democratic
house of Representatives ignores ant
repudiates them.
"The American people now have tt
pass, not upon the abuses of the tar
III, but on the fundamental question
between the two systems Of tariff
making.
Currency Question.
"'Fhe national currency which the
election of Mckinley rescued from
disaster at the hands of free silve,
Democracy. still rests upon the civi
war basis Of government bonds, ant
is no longer adapted to our changed
conditions. 1t is inelastic; its volume
does not expand and contract accord
ing to legitimate demands of business
For the solution of this question
the Republican party established {
monetary commission which has made
a most exhaustive study Of the finar
cha; systems Of all civilized nation:
Of their relations to our own system
and the needs of American business
The commission has reported a bill
fer the establishment of new sys
tenn of reserve associations under
which the currency will be elastic
business will find ready sale for its
commercial paper; the people at large
will exercise control instead of lit
tie group Of large bankers and the
dangers of panics will disappear.
THE president has recommended
the conclusion of the commission t.;
congress where the proposed bill ii
under consideration. 1t is for the III
terest of every business man in tn
United States that the party control
ing the government shall not b.
changed until this policy has beer
carried into execution.