The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1912-04-03
The One Question Eterna|y Present is the Most Effective, the
Most Efficient and the Farest Way of E~quaGzing
the Burdens of Taxation
Mr.. Underwood Would Have the Question Solved with the
Determination to do the Right, Safe and
Reasonable Thing
Speech Before the New York Southern Society Dec. Is, 1911

the 1h s5s 1s!5s'; :1s5s of 's Sf sal ; k:psbH Hi But a' :be3 s' i; so NJ saexis sa'5 5Sst y wa:
S aais nj and am 1 fsh S:sR way Of i1 squ Hl 1s tn the 'R bur sRa ' of ts aRst s the that " ss l s"SsIt By
F! s:s: s5' e.; E: :; s ssS;'" i Sy +: 5: :; ?$n s ;$y ?ss5Ss$sss;s f s $S$S'Ss ': :s s;s :; {:
fHJnt' 10 5 lev m ' eoset ta8ss. y Without is d":s exercise Of that hat po~e: We =: could
not m sa5etan ar 15my and 9u navy ;ez zs s9"i hs 1 fan sia5li if t the p so"s: t s5 ts i ~@:
t saa it away iva {ht Tg6 It, a i most Pa dssgsS TO s'a so SSan1s MaIn p o ss s p0v well 10 40 o a m ;;
nS fh1e is ' a very clear and marked distinction between the position Of Of the he
tive ts:1e g5s1t IN Pq Pss itvy Rasas IS ftve Amst s sb as customs t2 hoT ho gSysF to tax should De
Republicans Have Always Stood for Protection.
The Republican; can a pa party yn, has m n; 1tt1sS. the HE, d sGstf inc; tn that nt takes should df a1dt@ mot
i G%y the be Sse n 61 sfsR "5Roj from Sa f fTsisn e os si4 nor 3. q R Rs2sis pr Pro oes!Ss
p 1S% S2"P Pas pos si55's Of wit" te # ps a g" wss dsf tn RES"r rscos gn si 1e ssS'% del
Ga; d. that hsn ;H sai Y abroad sSt S sn' as a t a 8:.: s5 sbs G SfsSf fS S At :hs s'f is5asi! 5a
Democratic Party for Tariff for Revenue Only:
ho gs: b Psa a sssa d Rsny i. fi Sw:a the fr p Hsissu of o s1ki" sA it t s:s;y 'f Excludes tss sst fs
SSs' Of F. protecting : ssa Il The 5s:. y nsssfs s s@s ss profits Tin, + y eP sSS.. The j7}s as5s
; E. ' Ct; :.: &; s s; :; S:$: + i III ' ;as: ;:3 s ;s %4; 2:'' i; : ; { e., :s s: e. s: +: i; ;, s ;S:
s ss::; Il t5 Fl it, st ' ; : '5 IT, II; + f.: $: s E e :i sSs, f 5s' s' and :ss5 ron M j sSf ! G point ss%!
Sss52s % to 4 s 's :s: .: ! :s% s.s s1 " TAs;: ': sssPs5 it "I j. '? ct: is:: f e ; with f
by 5sEy5as the ar tax Not aI sgsiet 5sS highest Oh tn: :o oes5 ssnJ R0 when The tn: profits Ssas. Of tsv ;i
att s- the custom house sausHsss the dHsSns \ cost at home and abroad and
s :. make S5s, a. : s Pr t.. bs SS 55; 81 sf5ss en- s5S ssss S.5 he s.i s;d ,S ' I have sr5 55!s$s5
t5s rs seHaa ef pr rS P'S to the home 0a ? %anufs ss%s H sSooui Ii'S BE- e san M enc s[o iinsssd
Hba 9ssSs ss p aoSs 1 a tasspf IS 1 5e dssSsy Of f' Hassassaah Sd create MONOPOLY"
Unfairness of Protection.
rss xs should &c Ss,t bear sssi in p Ps5 that ih time 5s establish ssa ssp5 t business Ssoad j" the 4 f9 35ssEan e3 n5a5y
iseaHsT a attempt saT 0 to Establish SSG =" himself nl in this a"s country he must ADVERTISE his
s s::ssuS ;' sendast 's Ss Su: as:ss's' A 1Ps Ps& ss, d ds s:': :s: IT The 's home 1 1ss sss ; us;
g g5PSsa, but by also s li Sros s1s mot a tes H%S SsHs ai s shf aias5sR:f p 5a s' it i: st oh hS"s ss sse
aned tor so p h% to his G" PROFITS hts a snd his s' songsa so4" m 5s E RsHs f fRon the the 'e eSua s2;
or become a bankrupt because he would then hys t sell his goods at a loss
rsars a' the he g home p producer could raise his Prizes to any level that home CON-
already been driven ot Of the country would AGAIN sI return n : matter matte hey hoy
snstIes his Gt co aas iS i' Se again as ht put putt him i" out o Of b. business His s~"'' D''~' '' "'~N
Iniquity of the Protection of Profits.
when sn' tzs S' x 5ssY hs ss:. sS = a5a s;.he ut al 5.s@ps : being made a: s2a5 5s;sf;s;
e of oar am mills ss and a0h feto @iasst the s Danger @ers and %'t the s% injury Try t to the consumer INST ps off, of the
s sHHn;y yr. ws' industries a9t ss f Hs been 60 s aonesnias ss IT in Is the tG hands "o of a t few i @sn Or o. a
few lew. corporations 1ats son bssa1ss do bans s sonp shs law WI" p5ob 25Gn'D eonpst Mns0 fm m s
s51oad by protesting profits 5ctts,t there is is NO "v Fs mad for ffbt the consumer 50 nn mo except 75n ts CRY 5y
Justice in the government mt. attempting umnS {bs to E protect xt the profits fits n of the mi ma nrdss
f + !s; Z: #sH R:SS's 81 h; = 3 :%; s:' A. an; %: Sst S s5 il; = 1 r. e f;;1 e $ $s s'S: :s !; :! & f s The ii:
: as sres ha n resources sources: to tod develop a that Of any country in the world: t
a: siy ss@'' Of S 5e al e@ se' n i @'e1bs y Ss . Si'! the saj sS"s as :'s e. r. An s5 an
n ns fsa; e s A a3 s15 Of 5i9 SsdH % oS'i is nj n . ' sfsa %@1 hfs fhso Of ab s%s country
is 1t in Is; sn ss9As sf tS Sf Ss%'' soa 'nsi sf b ss: =: to S9 $s:t .: sr 5sS A v .au 5:sS5Ss
h %hs la'G We e Consider t% that s4o te aH V ass 1 ad va I@s 1o Sss Of os d tay' le s%t 1 at ii:
ss;s3n t 52sss g' .5 H'1 hi sssi l ct f0e s@t s20t 5s is pr sss S5 ' 6f S sonSn Of so5 5s
in this country is only 25 Of the factory value Of the product that the the d diff
that ten !. Or. o. ssyss pr s. e S;s.s Of the ~ yI {s i Fl the , R5sd'i It L levied ss1, at tn; ;b spn ssP
present tariff lays exceed the point whe sst they gy- eq quail 1.-THE the difference in in cost ft
d Domain nin Of 4 Protecting ssa?ag' profits oft b" tor the home anu{aas5st This IS not only y
t ss tariff 3i bill bn "A"a''S'" u '"'" s''N' wv. m:~- -. .,
:a Hs s;'' is5e ssS3' i.! at ss: q asss H:s:: TO- :! s;:s55T s. i bS5s : ;,55 + $ $ al , ' e.!
Of greatest efficiency and greatest economy
Wool Iron and Steel Industries.
steel This nd is ssaty W anSf'i h: had 5D a e :Seei5s Duty OF tb ii: v Ssa ~ sos sas e 'ao9 se an al n
ad ysD' sood basis i5D smSgnt is to the + t United Gt iD Seate 9S and ID the d dHaasi Imposed Hass Oh have Se
P 5ess;::y an! 4si i 5sSS SS%4 5s Ss;!ss;;: j: eth ;sRBs 5S e. S2 n tn; ;S s sss3 + a. Fl If # 5 $ss 5 5ss5
written. Forty years ago the ak on steel rails amounted. to SH5o a tn
TO-DAY it amounts to 1892 Forty years ago the tax on pig iron was Sl3bO. a
ton, today it is $3.50. The same is true of most of the other articles in the
iron and steel schedule, and yet the iron and steel industry has not languished;
it has not been destroyed and it has not gone to the wall: 1t is the most
long ago expanded its productive capacity beyond the power of the American
neo0le to consume its output and is today facing out towards the markets OF
the world, battling for a part of the trade of foreign lands where 1t must
meet free competition or as is often the case pay adverse tariff rates to enter
the industrial fields of its competitor.
DUTY of Our Government-Genuine Tariff Reduction to a Revenue
Producing Basis Only.
Which course is the wiser for or government to take? The n that
demands the protection of profits, the continued policy of dollhouse growth
for our industries? The stagnauon of development that follows where com.
petition ceases, or o n the other hand, the gradual and insStent reduction of
ON tariff laws to a basis where the American manufacturer must meet honest
competition, where he must develop his business along the best and most
economic lines, where when he fights at home to control his market he IS
forging the way in the economic, development Of his business to extend ms
trde in the markets of the world. In my Judgment the future growth OF
or great industries lies beyond the seas. A just equalization Of the burdens burdens