Evening star., 1924-06-12
World Court Scienti 7arRetorm, Economy-AmongG D.

our national freedom of action. :.
The American people do chertsl
their independence. but their sense Q
duty to all mankind will ever promp
and leadership to every cause whicl
makes for peace and amity amonl
the nations of the world
THE TARIFF.
I'VE reaf1rm our belief in the pro
tectiye tariff to extend needed pro
lection to our productive industries
We believe in protection as a ma
tional policy, with due and equa
regard TO all sections and to agri
culture. industries and occupations. l
is only by adherence to such polio.
that the we'll being OF the consumer
be assured to American agriculture, t
American labor and to American manu-
factures a return to perpetuate Ameri
can standards Of life.
"A protective tariff is designed I,
support the high American economi
and to prevent a lowering to tht
levels of economic life prevailing il
other lands.
ut is the history of the nation tina
the protective tariff system has eve
justified itself by restoring confidence
promoting industrial activity ant
employment, enormously increasing
our purchasing power and bringint
Increased prosperity to all our people
The tariff protection to our in
dustry works for increased consump
tion of domestic agricultural prod
ucts by an employed population in
stead of one unable to purchase tn,
necessities of life. without tn,
strict maintenance of the tariff prin
ciple our farmers will need Away
to compete with cheap lands an'
cheap labor abroad and with lowe
standards of living.
The enormous value of the pro
tective principle has once more beei
demonstrated by the emergenc.
tariff act of 1921 and tariff act o
1922.
Favors Elastic Tariff.
We assert our belief in the elasti,
provision adopted by Congress in tn,
tariff act of 1922 providing for
method Of readjusting the tariff rate.
and the classifications in order {,
meet changing economic condition,
when such changed conditions ar,
brought to the attention of the Presi
dent by complaint or application.
I'VE believe that the power to in
crease OF decrease any rate of dut.
provided in the tariff furnishes ;
safeguard on the one hand agains
excessive taxes. and on the othei
hand against too high customs
charges.
The wise provisions OF this sec
tion or the tariff act afford ampl,
opportunity for tariff duties to be ad
justed after hearing in order tina
they may cover the actual difference!
in the cost of production in tn
United States and the principal com
peting countries of the world.
We also believe that the applica
tion of this provision of the tarif
act will contribute to business sta
bility by making unnecessary genera
disturbances which are usually Incl
dent to general tariff revision"
AGRICULTTRE.
In dealing with agriculture the Re.
publican party recognizes that W.
are faced with fundamental ma
tional problem and that the prosper
ity and welfare of the nation as {
whole is dependent upon the prosper.
ity and welfare of our agricultural pop.
ula tion.
we recognize our agricultural ac
tivities are still struggling with ad
verse conditions that have brough
about distress We pledge the part!
to take whatever steps are necessary
to bring back a balanced condition
between agriculture, industry and la
Dor, which was destroyed by tn,
Democratic party through an unfor
tunate administration of Legislation
passed as wartime measures.
I'VE affirm that under the Republican
administration the problems of tht
farmer have received more serious con
sideration than ever before both by def
mite executive action and by congres
sional action, not only in the field o
general legislation, but also in the enact
ment OF laws to meet emergency situa
uons.
Loans Made to Farmers.
The restoration of general prosperit,
and the purchasing power OF our people
through tariff protection has resulted il
an increased domestic consumption OF
food products, while the prices of many
agricultural commodities are above tn,
war-price level by reason Of direct tariff
protection.
Under the Leadership of the presi
dents at the most critical time, a cor
poration was organized by private capi
tai making available $1o0, 200, 900 to as
sist the farmers of the northwest
I'm realization of the disturbanc
in the agricultural export market. tn
result VI lno ldICldi IMPRESSION IL
Europe and appreciating that the ex
port field would be enormously i'm
proved by economic rehabilitation
and the resulting increased consum
ing power, sympathetic support ant
direction was given to the work o
European reparations commission.
The revival in 1921 of the Wa
Finance Corporation, with loans o
over s50o.0o0,000, averted in 1872
complete collapse in the agriculture
industry.
Emergency Funds Available.
We have established new inter
mediate credit banks for agricuItur,
and increased the capital of the fed
eral farm loan system. Emergenc.
loans have been granted to drought
stricken areas We have enactet
act, the grain futures and packe
control acts; given to agriculture di
rect representation on the Federal Re
serve Board and on the Federal Ait
Commission. We have great.
strengthened our foreign marketin,
cultural products The crux Of tn
problem from the standpoint Of tn
farmer Is the net profit he receive
after his outlay. The process o
bringing the average prices of wha
he buys and what he sells closer to
gether can be promptly expedited b.
reduction in taxes, steady employ
ment in industry and stability II
business"
'"This process can be expedited di
recty by lower freight rates, by bet
ter marketing through co-operativ
efforts and a more scientific organiza
ton of the physical human machiner!
OF distribution and by a greater di
versif1cation of foreign products.
I'VE promise every assistance in tn
reorganization of the market system
on sounder and more economical line
and where diversif1cation is needed
government assistance during tn,
period Of transition. Vigorous effort!
of this administration toward broad
ening our exports market will b,
continued. The Republican part,
pledges itself Ito the development ant
enactment of measures which will