The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-21
TAFT PROCESSES
TO Scent VICTORY
Issues His Customary Optimistic
Statement, Predicting Sue
cess at Polls.
DOESN'T FEAR ROOSEVELT
Says 1t Is Open Secret That
Third Party Does Not
Expect to Win.

LhpCSt " w III.
Beverly. Mass, October 20.-Presi-
| dent Taft tonight issued a statement
predicting Republican victory next
month. and declaring 1t obvious that
either the Republican or the Demo-
cratic nominees will be elected" He
asserts It to be an open secret that
1.-THE third party does not expect vic
tory"
The President reviews business con-
| dstions. which he says are unprece-
dentedly prosperous. and asserts the
belief that the sober judgment OF the
voters will continue present conditions.
The statement continues:
"Fifty-two years ago seceders from
the Union thought they were facing a
/ divided North and would WIN an easy
victory. There had been division
among the loyal people. but all united
in the face OF the common danger. and
, in addition a great number OF Demo
Gratis Joined the Republicans in the
successful struggle for the nations
/ life Then II was said by prominent
critics that the ship Of state was
drifting. 1t drifted-yes-with LIN
coln at the helm, from the reefs Of Sc
cession and slavery into the placid
waters OF union and liberty. Under
Idnooln's successors 1t has sailed on.
propelled by the winds Of prosperity.
save when It's voyage has been halted
by Just such a visitation Of storm and
stress Of torn protection sails and
broken business buikheads as We are
now threatened with should Baltimore
supp,ant Chicago. which It did aot in
1860. and will not In 1912.
Our friends. the enemy. say that
the Democracy has learned its mis-
takes and does not mean to repeat
them This Is in some measure true
as to the past. and the Republican
party has he'd a dinicult, If successful.
task in teaching the Democracy Its
mistakes, 50 far as II has been taueont;
but somehow the obstinate pupil comes
forward every four years to be taught
again.
Il am glad to say. however. that
many Democrats have learned their
lesson and arc refusing to leave the
Arm ground Of national prosperity tof
the Quagmire Of business disruption.
trade depression and commercial and
Industrial depletion. From all parts
OF the country assurances are coming
that Democrats intend to vote Tor the
Republican candidates and q continu-
ance Of prosperous business conditions
and against the programs OF economic
confusion and socialistic subverslon Oh
our institutions supported by the Dem
ocratac candidates and their allies
Democratic workingmen refuse to De
led from the factory and good wages
of 1912 back to the Democratic hard
times of 1ss3-'s7. They prefer lnde-
pendencs and money In the savings
banks to loss OF employment and de-
pendence on charity.
democratic business men feel tine
same way. They know that when IN
dustries languish, their business IAN
xutshea too. The pay envelopes are
the feeders OF trade In every 1orn'
when they are empty or scrimpeo'
the biggest department store FEELS the
effect. as well as the corner grocer
well, let me glance at some OF the
arsrt O,,r home market has orlttso
from 81 600. 0o0, 900 in 1870 to $4,000
ooo 0oo-not a bad drift. that Ana II
!. This MAGNIFICENT home market, WIN
ont equal in the past or present tnas
tho democrats propose to dismemoe'
.rd atsorsanize and invite every ma
,,on IN the world to prey upon. while
,hoss same nations keep the oarners
to their own markets just a. hagn q.
they please
.-rh.n l,ok at our foreign traue'
faxorite Democratic argument u
that Republicans build up ana cuiu-
va,e the home market At the eApen2s
of our foreign commerce, wnen
fact is that the growth OF foreisn uoe
has almost kept 0roportona.e 80 AN
with the domestic. from $i.vvo'o'''''~
In 1879 to $4,000, 100000 in lslZ-
Points t. Tariff Prosperity
.orr exports for the Qast year
ount 10 S2,170,3Is.32s. OF wnicn
sS-x 40, oe3 were manufactures feaoy
for consumption, the largest eHpos
,rade- and the largest proportion VI
manufactures ready for eonsump.On
, the country has ever known
American manufacturer ana the A
can worker would not nave 49,
snir,, Ief, for invading the foreign
, ,n.rte, II deprived by a Democratia
.,.,,0 for revenue only OF the oess
,,.rEet Of All. more than equal IN pur-
chasing power to all Europe. the nome
S,.rtet which they now controi'
tank. 70 the Republican protective
,arsn. And this unprecedented Growth
OF our foreign trade 10 aeeompen'so
nv expansion as unprecedenteo IN o"i
sor,e trade from one end OF the coun'
,rr 20 the other. II is no sudden
,,a.,ion bot q gradual advance under
,.yorabIe conditions, from prostratiou
IN SO. to prosperity as great As isI"
In the Pittsburgh district alone 1 un.
s.r.,.nA there is q demand fog at leas'
"a Gee workers In excess Of the mum
Der avasIabIs.
The farmers are enjoying the great.
est prosperity In the experience OIL
agriculture. Every day the Norsne'n
pacific n carrying 100000 bushels o'
.,.;n 20 duluth. The yield In thai
,one alone IL Is7.oeeye@ bushels. SC
! ,b., the conveyance ey the raiiroa'
a. the farmers grain from the region
, tributary to the Northern Pseshc y
/ shas poiut Of dSstrSbutSen VIZ requirs
80, A~w~ This vast cYOO 10 WORN