Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-07-21
PREDICTS FAILURE OF UNDER.
WOOD TARIFF BILL IN lrs
pvRposEs. 7
MEASURE WOULD TEAR
AsuhpER FISCAL POLICY
p,r,sens1A Blind - Every Considers
sisn Exespk ths Consumer = Bill
Frame - ls~ee Hish Cost of Living
and r Cary Out Party Pledge, Only
Purpsss sf Framsrs, Alleges Senator.

W000108t00s July SA!@Aon0uSA1s1oA.
81 free trade as . timely policy for the
United States. . prediction Of failure IN
its purposes for the Underwood tarifs
bill. and an attack on an ad valorem
tari6 system. were voiced by Senator
Burton Of Ohio. today when the tarin
discussion was resumed In the senate.
Senator Burton declared he was no
worshippsr Of protection ~ . "fetish.'
but hs approached the subject Of the
tariff rather with the conviction that
whenever there shAu be an era OF
comfy and mutual concession in trade
among nations. and our country shall
have reached . point whore it, pro-
ductive capacity has developed fully.
FREQ trade might b . rational policy.
Such he said. IVES not the case.
"the disposition to restrict trade among
nations and to grant access to markets
only on rendering concession in return.
being on tho increase.
Averring that. q free trade policy only
is tenable on tho theory that 1t uni
versally can be applied, the Ohio sena-
tor declared:
The attempt on the part Of free
trade nation to apply the theory in
practice without the concert Of other
nations. reveals the serious disadvan-
tage Of such . position. She can
have no recourse to no other means
OF protecting her interests excepting to
persuade the statesmen Of other nations
under . regime Of freedom in COM
merce: while they. on the other hand.
can bargain between themselves to her
disadvantage. and at the same time
profit by access to their open markets.
Tears As0ndse Fiscal Policy.
senator Burton declared that dem
ocxats had framed . bill which literally
tears 10 pieces tho nscal policy Of the
nation In order to satisfy tho csavinl
for the lowering ol tho cost Of hvinl
ana 10 Justify the declaration OF theil
party platform that the chief cause Of
the high cost Of living was "the exist
Ing protective tariff enacted by the re-
publican party"
This" Senator Burton said. "was
your campaign argument. This was the
promise on which you regard yourselves
as delegated to tear to pieces the fiscal
policy which has been the sheet anchor
Of nearly two decades Of unprecedented
prosperity and which IL the only guar
antee Of its continuance. You have
erected q tariff policy blind to every
consideration except the consumer. The
Dill was frankly not framed to encour-
age capital to enter new fields Of in
dustry or extend those already estab-
lished; It was not devised for the pur-
pose Of inviting our farmers to reclaim
new acres for cultivation: It Il cestainly
not calculated to enlarge the oppor-
tunities for labor to hnd profitable en-
p1yment. It's sole justification is q
Aduced cost OF living. II It fails in this
II fails utterly"
.-The belief Of many persons that pro-
tective tariff Is responsible for the high
cost OF living Is a delusion." the sena-
tor said.
Evils of Ad yalorem System.
Denouncing the ad valorem system
adopted in the bill as a substitute FOL
specific duties Senator Burton declared
It was Objectionable because It means
. heavier burden upon the consumer In
periods when prices are highest and q
smaller burden when prices are low;
that It affords temptation for under
valuation and fraud: and that 1t works
to the disadvantage to the American
manufacturer who must buy raw ma
terial abroad.
scsnH6eHts q Currency Legislation.
Washinkton, July 21.-President VIII
5 son stiu q confident that currency leg
islation can be enacted ar the present
session Of congress-. He told visitors a
the white House today that the delay
encounterod was nothing more than hi
had expected because Of the importance