The Maryville times. (Maryville, Tenn.) 1884-1944, 1916-10-19
Johnson
Reviews Record
of MIR. Wilson
Continued from page H.

nominated Woodrow Wilson for
president. They have adopted their
platform and on this platform and
the record made in the past three
and half years, they are going be-
fore the people to prove their right
to continue in power under their old
leader.
When the Democratic party came
into power in 1913, the great prob
lens which were at that time, and
had been for a number of years, be-
fore the people, were in an unsettled
condition. The Republican party
had passed what is known as the
Payne-Aldrich Tariff Bill, which they
claimed would prevent panics, hard
times, such as we had to contend
with during the Cleveland admins
tratken, under the Wilson Bill. The
ep9sNsan party claimed that the
hard times during the Cleveland adj
ministration were due to the Tariff,
as it then existed, but neither the
Dingey Bill nor the Payne-Aldrich
Bill prevented the panic of 1907,
when the whole financial fabric of
the United States seemed to break.
Banks closed, men engaged in varl-
Gus lines of business failed. This
was the time when depositors had to
take scrip from the banks instead of
coin. There were $50 thousand
Iidle cars then standing upon the rail-
koad sidings, because there was moth
ing to haul. There were fewer cars
then than there were in 1914, when
about half of that number were idle,
was hearted as a great calamity,
and would have hard times because
of the change in the Tariff schedule,
as made by the present administra-
ton.
The democratic party in Baltimore
in 1912, declared for a revision of
the Tariff downward; the Progress
i've party, headed by Roosevelt, in it's
platform, declared for revision of
the Tariff downward; the Socialist
party in it's platform also declared
for a revision of the Tariff down
ward. The entirevote cast for the
different nominees of these three
parties represents about three-fourths
of the Electorate in 1912. Only
that mart of the votes cast for EX-
president Taft, which represented
about twenty-five percent of the en-
tire votes of the county, stood for a
high protective tariff, and the other
three-fourths of the voters who went
to the poles, voted for platform
declarations, condemning the Payne
Aldrich Tariff Bill, and promised
immediate revision.
Democratic Tariff Bill
The democratic party received the
endorsement of the people and at
once began the passage of legisla-
ton, which was of vital interest tel
the people. The Tariff question
was settled by bill which has been
considered by the great statesmen of
the country, and has also proven to
be thefairest tariff bill that has ever
been placed on the statute books of
our country within the past fifty
years. Only a few articles were
placed upon the free list, and these
all represented necessities of life. |
Wool, hides, meats, coal and wheat |
were placed upon the free. list, but |
there has not been a time since plac-
ing these articles upon the free list
that they have not been as high or
higher than before the tariff was
taken off. All the increase of prices
from these various articles may not
be due wholly to the fact that they
are placed upon the free list, but the
democratic party contends that low
aring the tariff or by placing a few
articles upon the free list will not
our industries.
1t is not the policy of the demo-
cratic party to place anything upon
he free list, which can be produced
cheaper in foreign countries and sold
lere at a lower price than it can be
Produced in this country. 1t made
,ut very little difference twenty-five
,r thirty years ago, so far as our
Exports were concerned, whether we
,laced a high tariff upon imported
FOODS or not, but this country now
PRODUCES about one third more manu-
actured and farm products than can
,e consumed by or own people.
This being true, we have to look for [
market in foreign countries for one
bird of our products, and in order {
0 induce foreign nations to trade {
nth us we have to exchange our pro-
ucts for THE products they have to &
ell. We cannot hope to sell to
oreign countries and receive pay G
lent in gold. There is only about s
We hundred million dollars of gold l
reduced in the world annually, and i
would take the entire stock of gold c
I England, France, Germany and y
.ussia to pay for the surplus pro- c
ucts that we have to sell, and do
ell to foreign nations. No nation
going to drain itself of its basic Z
loney in order to purchase cur pro- {
ucts. This was proven in the war
,hich is now going on in Europe. d
European countries who wanted to h
urchase war material from US re- I
used to purchase and pay for the D
ame in gold because they could not Il
o so and retain sufficient supply Il
basic money in their own coun- ii
les to care for their own internal Fl
and instead of paying 7
Did for the materials purchased, p
ley sold bonds in this country and c.
sued checks on those bonds rather b
ian to pay out their own money.
We must also awake to the fact
lat the people of other nations are Ii
intelligent as are the people of I'll
is country. The great statesmen m
the world are studying reciprocity, lie