The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-08-22
ANOTHER TAuurF law.


ANOTHER TARIFF LAW.
Another tariff law has been written. Senate
adoption OF tho proposed law which has been
pending FOR many months and debated. violently
at times for upwards OF four months marks
the final detail save alone minor changes that
rlay be made IN conference.
The law is a republican protective tariff law.
A. consequence the law is q highly contro-
versal law. The man who buys sugar has little
sympathy for an import tax on sugar; but he Is
Interested in protective tax on WOOL II ho
happens 20 be n sheep grower SO It goes. Every
article in tariff schedule has It's two distinct
aides, represented by producer and consumer.
The republican party theoretically at least.
measures each schedule on national scale,
beehs 10 accommodate each interest in such
manner that the nation n whole receives the
greatest benefit relying on competition within
the national boundaries TO bring about just
distribution OF the benefits
Recent tariff acts have been costly to tho
party enncting them. The Aldrlch- Payne law.
with Its high schedules, not we'll received
by the country Dissatisfaction with 1t contrib
-uted no little TO republican defeat. Then came
the Underwood tariff act, which the World
saved from speedy and humilIating disaster.
Had 1t been permitted 10 operate under normal
conditions for two full years the industry and
commerce of the nation would have been at It's
lowest point.
IL became apparent 20 observing ones espe-
sally adherents OF the protective theory. that
only protective act OF considerable rates
could save tho United states from the destruc-
tive cheap-labor cheap goods flood certain to be
launched against It by European countries fol-
lowing tho close OF the war
The democrats. tnged unduly with free trade
tendencies especially those who had yielded TO
the international virus and committed TO
the abolition OF all national pretcnse or senti-
ments, proclaimed tho theory OF free trade. even
to the opening OF the American market to Euro
pean manufacturers, on the ground that not
otherwlse could we hope to collect from those
countries the immense sums owed us ms a result
81 our llberality during the war period.
so the issue was Joined, The republican party
true to its policy OF n half-century, assumed
responsibility for writing n tariff act which
will protect the American market against tho
invasion OF foruign-nauuf lliurHl goods. II
contends that the prosperity OK the whole people,
Including both aborer and farmer. is prefer
able to n destruction OF the home market by
outsiders. even though by such means should
effect q more speedy repayment TO those few
who hold foreign securities
with this View OF the matter The World IS IN
hearty accord. It believes that the American
market not only belongs TO American workmcn.
American producers and American manufactur-
ers but that It should be scientifically pro-
tected against the invasion Of foreign interests.
If the new tariff act should prove unduy high,
made so in the interest OF special favortes. It
viii mean the defeat OF the republican party,
md It should.
But II It stabllizes industrial conditions gives
fun employment to labor In factory and mine,
on farm and ranch, and enables the employers
OF the nation to pay wage for oil such labor
commemorate with the American standard OF
living. thus bringing widely dlffuscd prosperity
10 all classes OF American citizens the ma
ton will be inestimably better Off, even though
commodity prices do rule higher than It would
have been had commodity prices dropped TO a
low point and our factories remained closed, our
farms unable TO show profit, and labor in large
bodies put in enforced idleness,
The issue is precisely the same that II has
always been between free trader and protection
ist, The history OF the United states for fifty
years shows that under republican tariff acts
we have reached our highest prosperity and
made our greatest progress. while during those
periods when tho free trade policy has obtained
or the democratic idea OF tariff for revenue
only. the country has langushed In the slough
OF Industrial stagnaton and dependency.
The proof OF the pudding is in the eating
thereof The wisdom of the tariff act lust an.
proved by the senate will depend on the record
of the country's commerce and industry unde,
the administration of that tariff act. Argu
ynent along academic lines Is futile.
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ON unJJE CnN S1VIuUrInN