Perth Amboy evening news., 1912-06-19
Old Tariff Methods.

The Democratic party proposes to
put American mills and factories and
mines in the same position, and the
American people have now to say
whether they wish that TO be done.
The working out of a new currency
system adapted to American conditions
is Of vital importance to the prosperity
Of the country and the security OF
every business and OF every man whose
support Is directly or indirectly depend.
ent upon American business. For the
solution of this question the policy OF
the Republican party established a
monetary commission which has made
a most thorough and exhaustive study
Of the financial systems OF all civilized
nations, OF their relations to our own
system and the needs Of American
business. The commission has re
-bed a bill for the establishment Of q
new system Of reserve associations IN,
der which the currency will be elastic
the business Of the country will find
ready sale for Its commercial paper,
the people Of the country at large will
AtlNlS IVhtAO lhSlrub VI II lIktlt
group Of large bankers, and the danger
of panics will disappear.
Trust Prosecution.
The prosecution Of trusts and com
binations in violation of the Sherman
act has proceeded with extraordinary
vigor and success. The Standard Oil
company has been dissolved by a suit
begun under Roosevelt and brought to
a successful conclusion under Taft
through a Judgment in exact accord
nee with the prayer of the complain
ant. The Tobacco company has been
dissolved and Its property scattered
through fourteen different companies,
with stringent %inJunctions against com
mon control, which, in the unanimous
opinion of the four judges of the circuit
court Of appeals, were fully adequate
to accomplish the relief demanded.
The beef packers, the wholesale lum-
Der dealers, the wire makers, the win
dow glass pool, the electric lamp com
bination, the bathtub trust, the shoe
machinery trust. the foreign steam
ship pool, the sugar company, the steel
corporation, the harvester company
all have been made to feel the heavy
hand Of the law through suits or indict-
ments against restraints and monopo-
lies.
Improvement Of Lato-.
The newly created bureau OF mines
and the newly authorized children's
bureau mark the limit to which the Ia
tional government can 60 toward i'm
proving the conditions Of intrastate la
Dor without usurping the powers of the
states. The pure food law has been
enforced with vigor and effectiveness.
Speaks Of Nays Efficiency.
The navy has improved Its %organiza-
ton and decreased its expenses, has
increased its preparedness and mill
tary efficiency, has improved its marks
manship and skill In ~seamanship and
evolution and has recognized and re
duced the cost of the system Of con
struction, repair and supply.
The execution of the regular and es-
tablished program of adding two bat
tleships to the feet annually to take
the place Of the old ships which from
year to year grow obsolete and to
maintain the position of u navy
among those of the great powers has
met with a reverse in the refusal of
the Democratic house of representa-
tives to appropriate any money for the
construction of battleshlps, IL the
question now stands between the Re