New Britain herald., 1922-09-21

the httoTHtys TOT the ptntHcihrles ol
 the tariff.
 tariff should be adequate to legi- innate needs, competitive In character and revenue producing. It should not
 be refuge for graft, inefficiency and extorton, It should not be an em-
 hargo upon intercourse with other na-
 tions, IL should not be a monopoly producing device, II should never be a matter Of special favor or the means by which political debts are Iliquidated, To avoid these evils and to insure a business-like revision of the tariff the last democratic admin istration created tariff commission IL was hoped that we had finally taken the tariff out of politics. This commission has now been ignored the tariff has been dragged back into the arena of politics and the presen, bill represents a foreclosure of the claim which was held by the priv iileged classes upon the republican party
 Republican newspapers, business organizations largely dominated by men of republican preference, indiv- dual republicans of high standing ann wide repute as manufactures and importers have combined to denounce the bill as a scheme for the whole sale robbery of the American people. The New York Tribune call the sen ate bill "a monstrosity." The Boston Transcript characterizes 1t as "a dis- grace to the party in power and a menace to the nation which was de- vised by "a conspiracy between porK barrel politicians and special interests for the two fold purpose of re-elect- ing the politicians and paying new tribute to the special interests.' The Chicago Tribune and the Springfield Union. both republican papers. admit the justice of these criticisms. There can be no doubt that the toll which the American people will have to pay in increased cost of living under the operations of this bill will be stupen- dous.
 Why are republican leaders so loath to learn the simple lesson that rfa- tion cannot sell without buying, tha, foreign and domestic commerce are not different things but only different aspects of the same things.
 Our country today has the largest stock of gold in the world. It is pro- ducing and manufacturing essential things far in excess of its own ca pacity to consume them. And yet in the face of this patent condition, the attitude of republican leaders from the close of the war to the present l gently selfish. No nation having means of production far in excess or consumption can deliberately cease commercial intercourse with other nations or establish conditions which make that intercourse difficult or i'm possible without in the end bringing disaster upon itself There can be to return to substantial and perrna- |nent prosperity until this sordid public ful policy of cooperation substituted. In this way only can the econ omic equilibrium of the world be restored.
 Panics
 Senator Brandegee takes occasion 70 revive an ancient slander and speaks of democratic rule and democratic tariffs as producing hard times, soup houses and similar accompaniments of industrial distress. This pious sen timent has a familiar sound. In view of the great prosperity experienced by this country during eight years of democratic control and in view of the fact that within a few months after the inauguration of President Harding more than five million men were thrown out of work, such an as- sertion carries with it the character istics of sublime fatuity. Every panic that this country has endured since the Civil war has been under a re- publican administration or during a period when republican laws were upon the statute book. The panic of 1873 occurred during a period of un- doubted republican control. The panic of 1884 occurred under similar cir cumstances. The panic of 1892, be- ginning in Europe and sweeping its way across to this country. had reached its continuation at the time when Grover Cleveland was inaus- urated and while republican laws were still upon the statute books. The panic of 1907 occurred under the ad- minstration of President Roosevelt All of these panics, so far as they were financial in character. were due directly to an archaic system of finance which the republican party had fostered and maintained for more