Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1913-05-23


sell back to us our own evidences OF
debt-stocks and bonds. The other
depressing influence is the threat IN
Washington to abandon the system by
which this country has reached its
present industrial greatness. These
two influences have resulted in de.
pressing the market value Of stocks
and bonds-particularly such OF our
securities as are held in E%urope--t0
the extent Of from five to twenty-five
points.
The trouble we are experiencing O
account of the condition in Europe
will pass and this country will even;u'
ally sell back the securities it Is Guy.
ing so as to make money on the rams.
action.
The trouble in Washington is such
that no man can fOresee what will
be done or what results will follow
from what is done. 1t seems incred-
ible that the democratic party, now
that it is in possession Of all the
laW-making power, should undertake,
as its first business, to cripple and
destroy the industries of the country.
The old Wilson tariff in Mr.. Cleve.
lands time was a move in that direc-
ton and resulted disastrously to the
country and the democratic party. 1t
seems difficult to believe that Presi-
dent Wilson, who is supposed to have
a keen appreciation of history and
its teachings, will fail to remember
what the old Wilson tariff did to his
country and his party.
1t is true that in his campaign
speeches President Wilson declared
the tariff to be the mother of the
trust and the trust to be the mother
OF the monopoly, and the monopoly
to be the mother Of all our woes,
The logic of this declaration would
require him to abolish the tariff. On
the other hand, he declared with even
more emphasis that he and his party
would do nothing to cripple or de-
stroy any legitimate industry. or
course, 1t Is possible that he and his
party believe that there is no legiti-
mate industry except running for OF.
flee, but probably such is not their
attitude and probably they really be.
lieve thai practically all Of the great
industries are legitimate.
The country at large has a Kindly
feeling for President Wilson, but it
cannot be expected to do much more
than mark time" while the president
and his party are determining what
industrial heads shall go to the block.
THE SENATE AND THE TARIFF.
Washington Star: Nothing of ma.
terial value is lost by the refusal OF
the senate to grant hearings in the
matter of tariff revision. That is to
say, senators representing. constitu-
encies opposed to the Underwood
cuts and classifications can present in
their speeches all the points that bus
mess interests desired to submit to
the finance committee. II those points
have weight the country will be ad-
vised of the fact. The debate will
show.
There is no sign of a tilibuster, and
no such thing should be attempted.
Business was put on notice in NOvem.
Der. Tariff revision downward was
the cry upon which the democracy
had won at the polls, and business
was advised that the work would be
, performed at an extra session of the
new congress.
So, six months after election day,
here we are. Congress is in session.
The house has spoken. Mr.. Wilson's
wishes are known. All that remains
is for the senate to do its part.
But the senate should act with de-.
liberation; and the stage; is set for
that purpose. Committee hearings
may be denied, but the fullest debate
in the open senate cannot be. Every
senator in opposition may pick a
schedule, or take the whole bill for
text, and offer any reason or any
number of reasons against the policy
proposed.
And to the extent that the minority
attracts attention the majority must
reply. In this way we shall get the
whole story. When the tale is told
and the new law is on the books, the
congressional campaign of 1914 will
begin to take shape.
Meanwhile it is to be observed that
interest increases in the Underwood.
Redfield threat of ar inquisitiOn to
protect the new law. Business men
complaining of it's operations and TAX
ing steps to adjust their affairs to it
are not to be permitted to 60 I'm.
punished if their views happen to diff