Evening star., 1922-10-11
ECONOMIST LAUDS
PROTECTIVE TARIFF
Former Secretary of Treas.
ury Shaw Outlines Merits
to City Club.

Lauding the merits of protective
tariff and attributing all prosperity
| enjoyed by the United States to the
policies Of the republican party. Dr.
Leslie NJ. Shaw. former Secretary OF
the Treasury. replied to democratic
claims presented at the previous
weeks meeting in an address to men,
bers of the City Club forum at Its
weekly luncheon in the City Club yes
terday.
Introduced by James T. Lloyd, dem
ocrat, chairman, as one of the most
noted economists and lecturers in the
country. but whose doctrines med
not necessarily be correct" the Iowa
statesman straightway launched forth
a long list of notable achievements
Of his party and presented his argu-
ments in such a convincing manner
that at the end Of his talk there were
none with the temerity to take ad-
vantage of his invitation to be
quizzed.
Aid to Industry.
DR.. Shaw said the republican party
was one of greater craftsmanship
than any of its opponents, a party
that fostered industry, rather than
fathering it, and declared that aside
Il
| which in reality was the outgrowth
of the Aldrich bill" he would be glad
to hear of one industry that had been
created by the democratic party.
There is great difference between
| fostering industry and fatheHng IN
son wrote in the Declaration Of In
dependence that overnments were
| Instituted to secure the rights of life
liberty and the pursuit of happiness
he did not mean, take 1t, that 1t was
the governments duty to provide
houses for the people. but to protect
them in their rights. either to obtain
houses or to sleep in the parks.
Would Keep Government Out.
THE inalienable right of the pur-
suit Of happiness means just this to
me-that inaSmuch as real happiness
comes only from creating the protec-
tion of that right, the protection OF
individual opportunity to build rall-
roads, factories, homes; to raise cat
tie, corn or cotton, and whenever
the government steps in and attempts
to do these things. 1t is destroying
this inalienable right. 1t is the re-
publican party which protects this
right If l were President l would
veto every bill that came before me
putting the government into busi-
ness
That government is best which
fosters industry most. That is our
case in a nutshell. If you ever hear
of any industry which was built up
under democratic protection, would
like to hear about 1t.
Praises Protective Tariff.
The speaker said that one of the
greatest means of fostering industry
is a protective tariff. THE republican
party stands squarely on this princi-
pie: that tariffs should be high
enough to keep out of this country
any article that Americans can make
or grow themselves. And this is the
only policy which will keep American
labor employed to full capacity
Continuing, DR.. Shaw said that on
such a full employment rests the ques-
ton of whether this nation will en-
dure, "as even Washington dared
hope. When this administration came
into po\. er in 1920. 100000 men were
out Of work Should that number ever
reach 100000 Americas hope of
perpetuity as a nation must end.
Buy More Under Tariff.
"The opponents of high tariff walls
say they raise prices. yet it is a fact
that we have always imported more
goods per capita under high tariffs than
under low. ones. A high tariff makes
the nation SO prosperous that 1t can
afford to buy things abroad that are
not made in this country"
The speaker was given a rising vote
Of thanks at the conclusion of his ad-
dress, and the entire assembly sang
America" in observance of Patriotic
day. ......