Bisbee daily review., 1912-08-08

leFeHcts. I nat S me heart or the
 whole affair Win you. can you. bring
 the whole people into the partnership or not?
 We do not ignore the fact that the business of a country like ours is eX- ceedingly sensitive to changes in leg islation of this kind. It has been built up. however i'll adyisedly, upon taIif schedules written in the way I have indicated. and it's foundations must not be too radically or too suddenly disturbed. When we act we should act with caution and prudence, like men who know what they are about. and not like those in love with a the. ory. IL is obvious that the changes We make should be made only at such a rate and in such a way as will least interfere with the normal and healthfui course of commerce and manufacture. But we shall not on that account act with timidity, as if we did not know our own minds fer We are certain Of our ground and Of our object. There should be an i'm mediate revision, and it should be downward unhesitatingly and steadily downward.
 
 The nation as a nation has grown immensely rich. She is justly proud of her industries and of the genius of her men of affairs. They can master anything they set their minds to and We have been greatly stimulated un- der their leadership and command. Their laurels are many and very green. We must accord them the great honOTs that are their due and we must preserve what they have built up for us. But what of the other side of the picture? 1t is not as easy for us to live as it used to be. Our money will not buy as much High wages, even when we can get them, yield us no great comfort. We used to be better on with less. because dollar could buy so much more. The majority of us have been disturbed to find ourselves growing poorer, even though our earnings were slowly increasing. Prices climb faster than We can push our earnings up. We know that they are not fixed by the competition of the mar. ket, or by the ancient law of supply and demand which is to be found stated in all the primers of economies, Out by private arrangements with re- gard to what the supply should be and by agreements among the pro dueers themselves. Those who buy are not even represented by counsel. The high cost Of living is arranged by private understanding.
 Labor and Capital.
 We naturally ask ourselves. how did these gentlemen get control of these things? Who handed our eco. homie laws over to them for legisia. i tive and contractual alterauong We have in these disclosures still another view Of the tarin, still another proof that. not the people Of the United States, but only a very small number Of them have been partners in that | legislation.
 The so-called labor question is a | only because we have not ] Yet found the rule of right in adjust. | ing the interests of labor and capital l Here again, the sense of universal i partnership must come into play if | We are to act like statesmen. as those ! who serve, not class. but a nation. | The working people of Ame-iea - ! f they must be distinguished from i the minority that cpastitutes the | Test of it-are, of course. the back. bone Of the nation. No law that safe guards their life. that improves the | physical and moral conditions under which they live, that makes their hours of labor rational and tolerable. hat protects them where they cannot protect themselves, can properly be regarded as class legislation or as anything but as a measure taken in the interest of she whole peoT.-p whose partnership in right action we Ire trying to establish and make real md practical It is in this spirit hat We shall act if we are genuine ipokesmen of the whole country.
 Banking Reform
 Tn dealing with the complicated md difficult question of the reform 'f our banking and currency laws. is plain that We ought to consult 'ery many persons besides the 'ankers. not because we distrust the but because they do not comprehend the business If the country. notwithstanding they Ire indispensable servants of it and +'@F uo q NdSN utdt 70 make IL nara 'r easy. No mere bankers plan gill meet the requirements. no mat CT how honestly conceived. It should 'e a merchants and farmers plan s well elastic in the hands of those sho use it as an indispensable part f heir daily business.
 Tn dealing with the Philippines. 'e should not allow ourselves to tand upon any mere point of pride. We are not the owners of the Philip inc Islands. We hold them in trust or the people who live in them. They re theirs for the uses Of their life. Ve are not even their partners. it is nr duty as trustees, tc make what yer arrangement of government will e most serviceable to their freedom : nd development. Here, again. we re to set up the rule of justice and f right. {
 Develop Resources. T do not know any greater ques- lon than that of conservation. We ( ave been a spendthrift nation and lust now husband what we have left ( Fe must do more than that We lust develop. as well as preserve, our 'afer powers and must add great 'aterways within our borders as (