Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-10-21
President Issues Statement
Showing Conditions are Bet
ter Than Ever Before in His
tory of American People,
MO CHANCE EXISTS
FOR PROGRESSIVES
Facts Cited Indicate That All
Industries are Thriving and
Scarcity Of Labor is Only
Handicap.

TldllulCdp'
IIy Morning Journal Special Leased Wir"
Beverly. Mass, oct 20.--Prcsdcnl
TAFT tonight issued a statement pre-
dieting republican victory next month
and declaring it "obvious that either
the republican or democratic noini-
nee will be elected. he says II IS
an open secret that the third party
does not expect success.
The president reviews business con-
dillons which he say are unprccedent-
cdly prosperous and asserts the be-
lief that sober judgment of the voters
win continue present conditions. The
statement reads in part.
'Fifty-two years ago scccders 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 unit
I'd in face Of the common danger.
Then II was said by hostile critics that
the ship Of state was drifting. IT
driftcd 49, yes, with Lincoln at tho
helm from the reefs Of secession and
slavery into the placid waters of
union and liberty
under Lincon's successors 1t has
called on, propelled by the winds OF
prosperity, save when il VOYAGE has
been halted by Just such a visitation
Of storm and stress. Of tom protection
sails and broken business bulkheads,
as we are now threatened with, should
Baltimore supplant Chicago. which il
did not in 1860 and will not in 1912.
"The. republican party has had a
difficult if unsuccessful task, in
teaching the democracy its mistakes,
so far as it has been taught; but some
how the obstinate pupil comes Tor
ward every four years TO be taught
again.
II am glad TO say, however, that
many democrats have learned their
lesson wen and are refusing to leave
the fiIm ground of prosperity for the
auagmrc Of business disruption, trade
depression and commercial and indus
trial deplction From all parts of the
country assurances are coming that
the democrats intend to vote tor the
republican candidates and a continue
ance OF prosperous business condi-
tions and against the program OF
economic confusion and socialistic
suhvcrsion of our institutions sup
ported by the democratic candidates
and their allies. Democratic working
men refuse 10 be led from the factory
ana good wages of 1912 back to the
democratic hard times of lS93-91.
"Donocratic business men feel the
.f~l,5 han IN
dustrics languish their business lam
pushcs. too Drifting, well let me
glance at some of the drift. our
home market has drifted from 81
900. 10000 in 1870 to $4,000. 900
"a bad drift, that. And it is this
home market without
equal in the past or present, that the
democrats propose TO dismember and
disorganze and invite every nation mi
the world to prey upon while those
same nations keep the barriers To their
own markets just as high as they
please.
Then look at our foreign trade. y
favoritc democratic argument is that
republicans build up ana cultivate the
home market at the expense of our
that the growth of foreign trade has
almost kept proportionate pace with
the domestic. from $1,000, 100000 in
1870 to 81 900, 600. 900 in 1912.
"Our exports for the last year
to s2.lIo.31s, 1865. of which !
S67 i.3o2, ,903 were manufactures ready /
for consumption the largest export
trade and the largest proportion of
ready for consumption
the country has ever known.
THE American manufactures and
the American worker would not have
much spirit left for invading the for !
cisn market if deprived by demo-
cratic tariff for revenue only of the !
best market Of all. more than equal in
home market which they now control. ]
thanks to the republican protective
istiff.
And this Unprecedented growth "f
our foreign trade Is accompanied by
expansion az unprecedented in our
home trade from one end of the coun-
try To- the other. 1t is not a sudden I
Initiation hut gradual advance. All /,
Industries are humming and there is
willing to work. In the Pittsburgh
district alone. | understand that there
is work for AT least 3o.nou workers
in excess Of the nufnber available.
business. wholesale and retail. Is
active and profitable. far the people