The Chipley banner. (Chipley, Washington County, Fla.) 1893-1943, 1912-03-14
PROTECTION OF PROFITS,
THE UBIQUITOUS POLICY OF THE
REPUBLI leans FOR HALF A CENTURY
The One Question Etenay Present the Most Effective the
Most Efficient and the Fairest Way of EquaIzng
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 l6, 1911


Speech Before the New York Southern Society Dec l6, 1911
.s Republic question sss va.
et and fs 1 Of % the burdens Of taxation that s eVied
a n1 e s n when r P SU c c ydsd d 6A S
% levy and oos taxes without s s Of Raa owe1 IS. O S
the OV ad fail n perform G0 nG si1h "a, D s~ % ta G
dangerous power as S' well as Gsi @
There marked position of the
sss ens 'f revenue the CUSTOM houses PG 70 TAX noo
Republicans Have Always Stood for Protection
The Esgs a ca. party has maintained the d0Ds tn. should
the home manuiactursr from OF necessity protection
platform position parry distinctly sV" recognised ~Sen Ry d
home abroad S also ' Reasonable 90 Ss S: :as 6ifS s
Democratic Party for Tariff for Revenue Only
:. P4ss % s a r ?s Ct s ; excludes i s q:
parties Ss'S question f' Tss
difference in cost Al home and abroad including an allowance for s s t1s
sf lowest a &c S viii ' Gout i1 that 6 e eo
8 eS he tax above the highest n eOxe points 1 P p Of
a the custom house eQusIs the as n @ At home 1d Os S5 ee S
70 % @ before his SS s SE the AR s manufacture
% o. PScn b OF ps sODs men assert that the protection
81 beng condemned but IN my Judgment the protection Of profit
whether profit projected unreasonable
Unfsirness Of Protection
requires esp Should ii, 'S foreign '1 @ann
ss d points S a oS S 9 Ss Gas .ac
> only equals "a difference re- me cost osH: ' Roms and
slightly below 8: p s9 that the S1 LAW R' Is.
hi: goods IS 'S'3 o.s
.s.se h9ms RSOd9esr could his isv
country again return NC matter a h n
% % AGAIN pun r A oa1 o business R Statute Books that would
Iniquity of the Protection of Profits
ks Sc 5 ss s S 4 s ss' n:s: q '
danE& the injury ~ CONSUME g. 5n RoG 19
~ - s7.SFS7aop P99sf5sd 75s5 =51
pESs Pfo 3S a & O t R eo%su Ss esesPs 5 Sg
Justice 1 the gOvs attempting protect the profits Of The
% @ Or @ s s Tine Oof INDUSTRY s 6 G rs Ssss; Of ss s
al 't TO Gss0P 't ct any SGu9 5 in the world
: he S n So By 6 'o9 &. the , use g.
me per Of e D prS ss e. s RD greater a here abroad
excess E95oPso countries but as 70 most article; @.1uu
average vO1 Gas Of du Id i sSt
% eo sG' s. pres s o goods ss
70 two and
st s he so1 rs sS % that ss oS
entered into he
Of goods every
IS g. profits necessity DS asd s does
driven develop
Wool Iron and Steel Industries
steel du W0 hss had % duty that w SS worked 1G se 0q 'aa
.0 sOas pC @ e for nsG S apS the duties imposed have
s mas 1Ge Pa unite BcSesse m SsaPenHE the COS; Of its
written Forty years ago the tax on ee rails amounted to $H ton
ton today is SO The same is true Of most Of the other articles in the
has not been DESTROYED and has not gone to the wall 1t the
long expanded ITS productive capacity beyond the power the American
the world battling for Of the trade of foreign lands where must
industrial fields Of its competitor.
Tariff
Producing Basis Only.
Is government
protection policy growth
develop his business
forging the the development of his business extend his
world
industries lies beyond the just equalization of the burdens
they permitted today BY the laws Of face toward
hem and ots ON them