The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1913-10-10
GREAT ECONOMIC VICTORY St.
CURED TO TIE COUNTY b
THE DEMOCRATIC PARTY.

THE DEMOCRATIC PARTY.
The signing OF the Underwood Sim.
mons Tariff bill by President Wilson
last Friday night marks an epoch In
the affairs of this nation and brings
to a close the great economic struggle
which has lasted for many years,
Immediately kilograms were sent L
customs collectors throughout the
country By the Treasury Department
thus putting into actual operation the
first Democratic tariff revision since
1891.
The Democratic party has triumph
antly redeemed its pledges to The PEG.
pie. II Is the only party IN thIa
country that has always held and
taught the truth about the protective
system-that 1t = form of taxation
made TO do service for selfish and de
signing interests. by imposing all II
burdens upon the consumer. taking
from the many to enrich the few.
To Oscar w. Underwood Il primar-
lily due the credit for the greatest
economic measure that has been pui
upon the statute since the Walker
tariff. The bill has been carefully
framed and. We believe, vii bring
10 the country 4 period OF prosperity
such as 1t has not enjoyed for many
years. The bill provides a heavy re-
duetlon an tariff duties On all food pro
ducts. All duty Is removed from cat
tie. and al other food animals. wheat
and its products, eggs. etc. Heavy
reductions are made In import duties
on cheese, meat extracts, etc. Al
leather goods. including shoes on nj
kinds, gloves. rubber goods. and al
kinds of cotton materials and ak
goods are to be greatly lessened IN
price.
However. It will be some little time
before we can realize the full meas
ure Of relief which will accrue from
the lower rates. Mr.. Underwood.
himself, says that It will be many
months before the effect of the new
tarIff becomes apparent 10 the con
sumer. To quote his words: ut Is
only competition caused by the new
Law, that Is going to reduce prices.
Goods that merchants now have IN
stock were bought under the old high
tariff and until those goods are sold
out the merchants will not accept the
basis made by The new Law. II vii
be several months before the new tar
in On commodities is felt and In many
cases 1t may be year. Manufactnr=
ers who have large stocks of raw ma
terial will not make reductions until
their stock bought under the high
tariff has been used up The effect
on wool probably will not show until
next spring; the full effect on sugar
not for several years.
This measure will be followed by
the Currency Bill, measure second
only in Importance to the Tariff Bill.
Without reform In the currency, the
full benefit of the new tariff measure
could not be expected
After affixing his signature to the
Tariff Bill on Friday night, President
Wilson explained that the journey Of
legislative accomplishment had only
been partly completed. and that the
second step in the emancipation Of
business was currency reform. As
he SO clearly expressed IL: We have
set the business of this country Tree
from those conditions which have
made monopoly not only possible but
in q sense easy and natural. But
there is no use taking away the condI-
lions of monopoly If We do not take
away also the power to create monop-
o1y and that is q financial rather than
a merely cireumstantIal and ecomo-
mic power.
THE power to control and guide
and direct the credits of the country
is the power to cay who shall and who
shall not build up the industries of the
country, IN which direction they shall
be built and in which direction they
shall not be built.
I'VE are now about to take the sec
ond step. which will be the final elep
in setting the business of this country
free. That is what we shall do in the
Currency bill, which the House has
already passed and which I have the