East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-06-14
OREGOAN PENDLETON OREGON ia 1916

Ipletely answered by one who Is ann
Iply competent 10 judge and public
/ lspirited enough 10 speak. DemOcra-
cy's reply 20 those who would over
throw the tariff law that a democrat
/ ll congress has enacted is the reply
Of that eminent banker that financial
genius, Mr.. Jacob II. schiff
Speaking at banquet Of the re-
publican clubs in New York last jan
uary. by virtue Of his lifelong allegi-
ance to the republican party, Mr..
schiff declared:
II want to explain that nothing can
stop the great prosperity we now have
except a renewal Of tariff agitation
In the next campaign. Standing here
Oh holy republican ground | say with
out fear or favor If you renew in the
next presidential campaign the tariff
agitation Of the past, If you threaten
the country and show it you want a
renewal of special privilege and high
pI otection, the people win have none
ot it. The people have learned; the
Workmen and the farmers have learn
eG and they cannot be misled any
longer | do not say that because !
love the republican party less, but be-
cause | love it more. Ny heart is fol
the republican party, but my com
mon sense makes me democrat.
And in these words Mr. Schiff vOic-
os the opinions Of men with whom
special interest is secondary to the
welfare of all.
Prosperity.
Under the present administration
the United States has enjoyed a won
derful era Of good business and good
times.
Today prosperity shines from blaz-
ing furnaces and glowing forges. 1t
echoes from busy docks and from
thronged emporiums Of trade. It's
message Of plenty fills the land with
the chant Of the spindle and of loom
lifting the mortgage from the poor
mans home and promising his chill
dren a future that seemed impossible
before
During the past four years this
country has experienced a steady and
continuous improvement in business
Wealth has increased q per cent the
value of manufactured products 80
per cent capital 43 per cent, wages
54 per cent. and exports n per cent
The flood-tid of our prosperity has
risen TO such an Unprecedented height
that the only limit to trade is our
ability to make and transport the
! commodities demanded at home and
abroad. Our fields and our factories
cry aloud for men and unemployment
has ceased to be a problem. Wages
| have advanced, building operations
have resumed. real estate has recov-
cred its worth
There is not an idle car on our
railroads or an idle ship at our docks.
For the first time in history Ameri-
cas- greatest port has become the
worlds greatest port.
Economists say that railroad earn
irgs are an index to prosperity. This
INear the earnings of our railroads are
I sixty million dollars more than under
the last year of republican rule.
The purchasing power of our peo
Irle is greater than that of any othel
people on the globe. Never was ther'
as much money in our vaults as to
day. The aggregate resources of ou
: national banks are three hundred
4 millions more than the aggregate re
j sources of the Bank of England, tn
= Bank of France the Bank of Rus
! sia. the Reichbank of Germany, tn
A Bank of the Netherlands, the Swis
, National Bank and the Bank of ia
pan We have four hundred and on,
! millions of money more than we hat
2 year and half ago and our gol'
t supply exceeds by many hundreds o
millions the gold supply of any othe
= nation on earth.
Our prosperity is not local Th'
= cotton fields of the South, the fac
tories of the North, the marts of tn
East, and the mines of the West fee
it-with a national response and /
national thrill.
Nowhere else on earth is there ;
more equitable distribution Of wha
e the energy of labor hammers into ex
: istence out of the material which cap
ital places in its hand.
The calamity howler complain
that our productive capacity is keye,
To such a high pitch that our indus
2 trial machine is threatened will
j heated bearings, but he ignores tn
; self-oiling attachments which this de
I mocratic administration has attached
e to our economic and industrial me
2 Chanism. While calamity waller
talk of the struggle and the battl