New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-26

a cotton bill both OF which, IL allowed 20
become law, as the reports OF the a arm
Board show, would have made sucn d
radical cut in the rates on many woolIeH
and cotton manufactures as seriously 10
interfere with those Industries IN WIS
country This would have forced trans,
fer OF the manufacture TO England ana
Germany and other foreign countries
Mr.. President. nave you visited
the Chamber of Horrors" in Union
S;uare, where tho burdens upon
living under the high tariff are H.
lustrated?
No. out a New York friend told me
little incident i'm regard TO II worth re-
membering According 10 the story toI1
me. the exhibition includes number OIL
articles OF Clothing tagged with the prices,
and an alleged statement OF what the
articles would cost with the tarin duties
deducted ] understand that NUMBER Oh
establishments engaged In the manutaCt-
ure Of clothing are situated In the nelbn-
borhood. and a working man. evidently
from one of those establishments. stroNed
at the noon hour into the exhibition. LOOK
ing about him. he noticed coat DeaIlnt
price tag and indicating what the COST
Of the coat would be without tarlr
duty. Why" ne remarked. that would
bring the price of the coat lower thah
what | get for making one. Al that rave,
where would I come in?, IT is hardy
necessary 10 say that be would not
come in at all. unless willing To WORK
for one-half to one-ffth Of his present
pay for making coat.
Don't you think, Mr.. President,
that il would benefit tho whole
country and open to US the markets
of the world If the tariff were re-
duoed to a figure that would prove
10 other nations our desire for
broader commercial intercourse!
II is an unfortunate fact that with the
exception Of Great Britain ana Be.elun ,l
the more important markets OF bII oIS
are protected against us ana every poo!
else by high protective tarins. una tLtIe
is not the remotest reason for expecting
that those tariffs would be repeaIeu 81
reduced In any appreciate degree III
Spouse TO similar action on our part. IN
this connection II may be worthy or NOTE
that the empire OF Japan recently ad0ptvu
protective tariff, and japanese CaDi
net Minister, describing the enects AZ
ready apparent, said that many donesuc
industries or manufactures had been un-
able to compete with low priced imports.
but that owing TO the protective JariIi
not a few OF these were now aUle 20 hOIu
their own. He took pains TO explain thhl
the object Of this policy war not neces-
sarllv 10 shut out foreign manufactures
but 10 discourage the fad for using I'M
ported articles in preference TO domestic
productions.
publican party. It's policy is not 70 smut
out foreign manufactures, but 10 foster
domestic manufactures and 10 keep the
American working man employed.
,.,L, e n0Sttinn Mr.
President, on revision Of the tar.
iH?
The tariff should be revised so far as
may be necessary 10 keep prices from
being exorbitant, so that, as l have eX-
planned in my speech OF acceptance the
manufactures shall secure only enough
protection 10 pay the scale OF high wages
( which obtains and ought 10 obtain ia this
country, and secure reasonable proht
! from the business. This may be done by
the continuance Of the Tariff Boards In
Nestigation into the facts. which would
enable Congress and the people TO know
what the tariff as TO each schedule ought
10 be- The American public may rest
assured that, should the Republican party
be restored 10 power I'm all legislative
branches, all the schedules in the present
tariff Of which complaint Is made Will
be subjected TO investigation and report
without delay BY competent and inn
partial tariff board and TO the reduction
or change which may be necessary 20
square the rates with facts 50 far as
excessive prices might be due 20 Illegal
combination, they can be dealt with IN
der the antitrust laws.
With the election Of the Republican can
dldates for President and Congress re-
vision will proceed at once along the lines
indicated by the work Of the Tariff Boa RI.
You mean to say, Mr.. President,
that you would call an extra ses-
sion to revise the tariff?
Ny statement is sufficiently explicit.
Do you agree, Mr.. President. with
the view expressed by a number Of
bankers to the effect that the Al.
drieh plan is dead?
] have not changed in the slightest
my view as TO the necessity OF none
tary reform, or OF the great value and
IMPORTANCE of the work done by the
Monetary Commission. OF which former
senator Aldrich was chairman. | have
said before. and I repeat, that IL would
be sngularly unfortunate II this lnone-
tary question should by any chance be-
come party issue. And | sincerely
hope 1t will not. The exceeding amount
OF consideration Ii has received from
the people of the nation has been wholly
non-partisan, and the Congress set lis
comparison seal upon II when the
Monetary Commission was appointed
~ is a reform necessary I'm the interest
OF all the people and must be carried
through according TO some practical and
efhcient plan that will remedy the gross
inadequacy and marked imperfections
OF our banking and currency system
What is your attitude, Mr.. Presi-
dent, on the woman suffrage CUES.
/ ton?
suffrage for women IL an issue TO
De decided by the states. and there can
4 !, a.