The Maryville times. (Maryville, Tenn.) 1884-1944, 1916-10-19

| revenue received from our tariff TO
gether with the income tax, produces
sufficient revenue to run over govern
ment until the breaking out of tn,
war in Europe, which cut off GU
imports. The Comptroller's repor
shows that for the first twelve month
under this law, there was produced
sufficient revenue to pay all the ex
penses of the government and leave
balance of twenty-six million dol
lars in the treasury.
The democratic party does no
claim that the tariff laws are settled
for all time, but they now have bill
pending in Congress, which is almos
sure to become a law, and this Bill
provides the taking of tariff discus
sions largely out of the Congress anC
placing them in the hands of a tariff
Commission. By doing this, one
thing at time can be adjusted from
time to time without disturbing the
whole business interests of the
country, because every time g
general Tariff Bill is about to be
passed, it produces a depression anC
paralyzes more or less the business
of the country.
The republican party claims that q
Tariff Commission is a Republican
idea, and did not originate with the
Democratic party. Whether this be
true or not, the republican party did
not establish tariff commission, al
though they had had the undisputed
control of the affairs of this govern
ment continuously for twelve years
prior to Wilson's election in 1912.
This was time enough for them to
have adjusted the tariff on an equit-
able basis; time enough to have given
us a tariff commission; time enough
to have built up a great army and
navy; time enough to have re-adjust-
ed the currency system of our
country; time enough to have given
the farmers relief, such as they will
receive under the present Rural
Credits Bill, but in these important
matters they failed, and did not
grant the people any relief what
ever. Take it for granted that the
republican party did have these ideas
it remained for the democratic party
to put those ideas and reforms into
effect.
Currency Question
Another problem which confronted
the Wilson administrator was the
currency question. The democratic
party has revised the currency sys-
tenn by what is known as the Federal
Reserve Act. The country is divid-
ed up into districts, and in each dist
riot there is a Federal Reserve Bank
and the law is so framed in which all
the National Banks Of the country
have, in way, gone into partner
ship with the government Reserve
Banks, and this law being elastic in
it's nature. Any section of the
country in which money depression
takes place, money is caused TO flow
to that section. This law has re-
stored absolute confidence to the
business of the country; it has taken
away from the money kings of Wall
Street the power to bring on panic
i any time they may so desire.
Another law that the demo-
cratic party has placed upon the
statute books is one to remedy the
evil going out of the Sherman Anti
Trust Law. This law was framed
in such a way that it would not give
the business man, the farmer, and
the merchant clear chart. Men,
when they entered a business of any
kind, would not know how far they
could go, and when to stop and be
out of danger from indictment under
The Sherman Antitrust law. This
administration has settled the evils
growing out of the Sherman Anti
trust Law by two Bills, one known
IS the Federal Trade Commission
Bill, the other, by the Clayton Bill,
Zach one works in harmony with the
,ther. The result of these two laws
oeing on the statute books of our
country, gives the farmer, the merch-
mt, the banker, or men engaged in
my business, clear chart, and at
he same time protects the weak
Igainst the strong.
When the democratic party turned
'ver the reins of government to the
epublican party in 1861, about 80
yer cent of the commerce of this
ountry was carried in ships flying
he American flag, but when the
ems of government to the present !
administration in 1918, only about
er cent of our commerce was carried |
n ships flying the American flag. |
he American who wanted to travel
0 foreign countries would see upon |
he high seas, the flag of England,
he flag of France, the flag of Ger
lany, Russia, Holland and Japan,
ut very seldom would he ever see
ne flag of his own country. AS
Don as this administration got con-
'ol of affairs, they at once, by prop
r legislation passed what is known
5 the Seaman's Act to remedy these
and so successful has
cen the democratic legislation that
i the ship-building yards OF the
nited States are now taxed to their
reatest capacity, building American
lips. Our flag is again being seen
pom the high Seas, and at the rate
which we are now building Ameri-
IN bottoms, it will not be many
ears until the greatest part of our
will be carried in our own
merican Bottoms flying our own
merican flag, and the American '
lssenger who wants to travel to
reign countries, ride upon our own
merican ship, and will not be en- |
fingered from a submarine as when t
, travels upon a belligerent ship.
had been the cry of the republican 6
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