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D* Truth, No Natter ■
Whom It Helps or Hurts. fir, tiffs Wards r Bigger Than the lan; - Therefore No Deeds I His Party Promises ss to the I Tariff Wars Amblfluous, but 1 His Own Certainly Were Ns> is He Has ■ .hauoi... II thi tariff bill when reported out it found to contain schedules iwßto in the interest of the criminal trusts, to permit of their tightening Hair hold on the public neck, that is just what the Republican party ytwafced, for the party will not say that it has deliberately broken a • * - * »•*'*’«* a It sms an ambiguous promise, and if the voters were willing to ac* L Mft Hi ambiguity they have nothing to complain of as they find the in their pay envelopes suddenly out of all proportion to the cost •f the necessities of life. Tho Democratic platform offered the people a sure thing, but they I* It aside and accepted the Republican promise for better or for worse, and they get worse. Xore than one of those voters who figured in the big Taft majority Will argue, however, that while the party platform was possible of double Interpretation in its tariff plank, the party’s candidate for the presidency Wont BEYOND the platform in HIS promises and that in all of his public Stterances he assured the people lower schedules where now too high. And they make this claim backed by the proof of President Taft s •wn words, preserved by this paper for this very day. They were not preserved with any idea of presenting them as evidence gs intentionally broken faith on the part of the president. Mr. Taft’s honesty must be and is admitted and is proof against fiartion. < They WERE preserved, however, to bear out what we said of him in tho campaign, that no matter what his honest intentions, he was not big aacugh to master those unrulies whom Roosevelt held in check but who ware to become upon the retirement of Roosevelt as free from restraint gg £ school room of boys and girls where a strict teacher has been re* pkoed by a kind and loving one. You went to school and you know what that means. Hr. Taft made promises as the chosen successor of a strict teacher. Ho was big enough to promise, but he is not big enough to carry out the promise. The old teacher ruled the stubborn child with a gad. The new one prefers to win over the unruly and the truant skipping ftWny from his responsibility to all the people by soft, kind words, which gre only too soon forgotten in some hardened sources as soon as the head if the government Las reached the golf links. When we *ay that Taft’s promise have not been kept because he is not a big enough man to meet his own words and unquestionably honest ambitions, let ns see if we are not prepared to make that statement. We will go back to some of his utterances, dating from the time he in spoken of as a presidential possibility. At Bath, Me., Sept. 5, 1906, he said: SMakinir my individual opinion and for no one else. I believe that afiiM th© Daas&ffe of the Dingily bill there has been a change In the bus loess conditions of the country, making it wise and Just to revise the schedules of the existing tariff. The sentiment In favor of a RE\ OF THE TARIFF is growing in the Republican party, and In the near future the members of the party will doubtless be able to agree on a feeling In favor of REVISION shall crystals into; action cannot be foretold. BUT IT IS CERTAIN TO COME, and with it those schedule* of the tariff which have inequalities and are EXCESSI\ E Will be readjusted. The reasonable prospect of a revision of the tariff by the Republican party on conservative lines should certainly be greatly a preferred by those who favor revision and yet believe in the protective iWstem. to legislation which Is always threatened by the incoming of a Democratic congress and a Democratic administration under the battle ery. “A protective tariff Is a robbery of the many for the benefit of the lew’/* and to the disaster to general business which Inevitably follows. The platform upon which he wa» placed by his party did not go that spy tat after he was nominated he repeated what he had said two years ‘Before, to supplement his own convictions where his party expressed none. Quoting from his first speech of acceptance: The tariff IN A NUMBER of the schedules EXCEEDS the difference F fcitween the cost of production of such articles abroad and at home, ln t eluding a reasonable profit to the American producer. The EXCESS over that difference SERVES NO USEFUL PURPOSE, fcut OFFERS A TEMPTATION TO THOSE WHO WOULD MONOPOLIZE ‘ THE PRODUCTION AND THE SALE OF SUCH ARTICLES IN THIS COUNTRY TO PROFIT BY THE EXCESSIVE RATES. On the other hand, there are SOME FEW other schedules In which the Uriff is not sufficiently high to give the measure of protection which they ahould receive upon Republican principles, and as to those the tariff i' should be raised. A revision of the tariff undertaken upon this principle, which is at Ik flha basis of our present business system, begun promptly upon the In- of the new administration and considered at a special session with 'SfMfr preliminary investigations already begun by the appropriate com wfittteea of the house and senate, will make the disturbance of buslnesa I fitetdent to such a change as little as possible. In hi§ answer to Mr. Bryan’s speech cn the tariff questions, Mr. Taft P |ft!A fa Milwaukee. Sept. 24. 1908: encouragement which industry received (under the policy of pro faction) leads to the investment of capital In it, to the training of labor. His exercise of the inventive faculty of which the American has so lAMtefcu and In practically every cats in which adequate protection has I, Man given, the price of the article has fallen, the different** in the cost g st# producing the article abroad and here HAH BEEN REDUCED, and th* L MCBSSITT FOR MAINTAINING THE TARIFF AT THE FORMER RATE ifKi GBABRD. • • • | f Jt la Intended under the protective system, by Judicious encourage- j H&fct to build up industries as the natural conditions of the country, i Sttfy to A point WHERE THEY CAN STAND ALONE AND FIGHT! 5 fUJBIR OWN BATTLES IN COMPETITION OF THE WORLD. • • • j • Improved machinery and training, due to our inventive genius, to-1 W'&Vkw with an axtending home market, certainly REDUCE THE COST OF SISODUCnON. • • * r If**' *BtlU It must b« admitted that such a practice, if It Is constant through | gR Masons, suggests that THE TARIFF MAY BE PROPERLY REDUCED. k The rank and file of the Republican party are In favor of TUTS A.»*vtaton. but Insist that It shall be In accordance with the time-proven rppetiey es the party of protection. Under these circumstances there can doubt that the representatives elected by the party will come to * Migrans imbued with the necessity of honorably-and strictly carrying out l Ji«4>llfbted faith of the party to make a NEW tariff on the principle r stated. It 1» my Judgment, as it is that of many Republicans, that there are 'i MANY SCHEDULES OF THE TARIFF IN WHICH THE RATES ARE fgOMMVE. and there are. a FEW In which the rates are not sufficient | Ml IttTtHa measure of conservative protection. - It Is my Judgment that a revision of the tariff In accordance with the ■ fledge Os the Republican platform will be, on the whole, A SUBSTANTIAL MVISION DOWNWARD, though there probably will be a few exceptions f «* Uat regard. y There wia nothing ambiguous in what Mr. Taft expressed as his tariff PflM long before 1908, what he repeated upon being nominated for the [Rp—ldency end reiterated time after time during the campaign. i Then le only one conclusion therefore to be drawn from the tactics jLjf the leyvbUean party leaden in congreee. tt lift Sis FAILED MISERABLY. rK ' ~ ' r -' K4'** NO USE FOR IT. \ I Lady eff tha Room: So you claim to be an experienced cook? Did bMK over oat a food choppers m JbitMeaii; No. Mm; I’ve got good teeth. < The Republican platform npon which President Taft was elected promised nothing fnrther than that it would “revise” the tariff. If that revision be upward; if it is going to cost tho oonsumor more to live, more for his breakfast table, more for his clothes, more for stock ingt and more for gloves, that it exactly what the Republican party promised. Editorial Page of The Detroit Times JOSH WISE says: "Before a woman kin have clothes ter burn, the has ter start a con flagration with her husband's money.” When two extra-polite Japs meet After June we get the Fourth of J uly orator. • • • Here’s hoping we are one day nearer saner Fourth. • • • There is one thing In favor of balloon races. The spectator Is compara tively safe. • • • Senator Penrose charged La Follette wasn't sick, but probably wishes now he had been. • • • If Sir Thomas Llpton Is going to challenge again, It must be the salo of tea is falling off. • • • If the senators had to buy the lemonade themselves we might possibly escape at least an Increased duty on lemons. • • • If congress refuses to adjourn because It thinks It would offered any body by so doing it should revise that opinion. • • • A North Carolina debating society has agreed that the world Is flat. There will always be such an Idea entertained as long as the world goes ’round. .• • • In Newport the merchants are complaining that members of the swell set refuse to pay bills. If tpey did pay there would be no more swells, no more Newport and no more merchants So there you are. ’MOST ANYTHING I V cr * From Another Point of View JUST KIDS.—By T- S. Alien. —■■■ ■ ——^ "Oh, mamma, you know that little boy that's mo>ed in next door?" "Yea. yea!" "Wall, we’ra acquainted now." Same Old Story-—Nothing New they begin to call to each other as soon as they are in ear shot like this: “How are you?” “Who am 1 that you should care to know?” “Humble though I be; yet have I dared.” “But say. first, how you are.” "The better for the honor you have done me.” A Frenchman has made anew kind of watch, the fare of which has a con formation which makes it possible for a blind man to find out what time it ! s. With directoires. tube gowns. Dutch collars. merry widows, 500-button drosses, shovel hats, and now panta loon dresses, coming and going, why should women want to vote? Don't they get enough excitement as it is? How Much Should an Average Per son Eat? is anew question raised. Let's amend it to How Much Less should an Average Person Eat? “The Man Who Stole The Earth” By W. Holt Whitt CHAPTER LXVl ll. —(Continued) Strong nodded him hi3 thanks and at that moment General Martel came riding Into the balloon ground. The general drew near and saluted. * You have heard, of course, your majesty,” he said to Strong, “of the policy we pursued in regard to his l*fce majesty?'* “I have heard.” said Strong, coldly, “and confess lam not pleased. It was a mistake. However, on that *oint i will say nothing, although your error is likely to cause me as inflnito amount cf pain.” General Martel lifted his eyebrows in surprise. "Why so?” he asked. “Because,” said Strong, shortly, “It compels me to go in search of him. By which road did he leave?” The general shrugged his shoulders and looked vastly uneasy. “Upon my word, your majesty,” he said, “I cannot say." “I presume,” said Strong, "you did not even consider It worth while to discover by which road the king left.” "There, indeed, your majesty,” said General Martel, "I did wrong I con fess it, and I am sorry. There should, however, be little difficulty In ascer taining. Only one of two roads wa* open to him. In any case he must, have passed the outposts. I will In quire ot once by telegraph.” "In the meantime." said Strong, an grily, “I have to stay here and wait." “Is It so important as all that?" asked General Martel. “Really, general," said Strong. ”! think you are a fool. Os course, It never occurred to you that the Prin cess Diana was In Paris?" “That Is true." said Ihe general, "and I deeply regret it. I thought only of our troubles In Bomberg. and, heavf n knows, they were great enough during your absence.” •■Troubles born of foolish fear." cried Strong, as he turned angrily away. The general had sense enough to r.ee that his presence could lead to no pood and. climbing into the saddle again he rode away to make the ncres sarv inquiries. While he was absent. Strong Arhnth not and the rrst of them obtained what, food they could from the com missariat tent and ate 't ravenously rs they crouched round the fire. When he had finished his decidedly simple meal. Strong was in a lightly more amiable frame of mind. *T feel better now," he *ald, "so far as the Inner man goes, but I am. afraid thnt every second 1 shall fall asleep. If this sort of thing goes on, | shall have to prop mv eyelids up with matches.” General Martel returned and report ed thnt the king had left by the Croa tian road. Strong thanked him ungraciously enough, and then, turning away, gave certain orders regarding the care of the Czarevitch, who had been already conveyed to the palace bv Miss Hunt. Nexi he Instructed Bellingham to take the Victor up in daylight and keep her there until he returned. Bellingham received Ms Instruc tions with npparent pleasure, although, as a maMer of fact, he would rather have been at the palace. Strong and Arbuthnot then got Into the Dt ar.d ascended at once. It was a pitch dark night, and as neither of them knew the lie of the land to the snulhwest of the efty thev had some little difficulty In picking up the road to Croatia They were, indeed. compelled *0 ore the searchlight to And It at all. and thev had to keep the eearrhlleh* constantly playing to prevent their wandering from the at might way. (T* B« Caatlaaed.) WE DON’T GAMBLE; WE JUST BUY CHIPS As the country revives In vigor af ter the business depression, it Is like n man bestirring himself after enforc ed idleness. The exertion causes the blood of such a man to pulse with greater strength through his veins, and he feels the glow of health and strength. Money Is the blood of the business world. Liuslness activity sends mon ey—either cash money or credit mon ey—rushing through the arteries of trade, and the business aud industrial worlds take on new vigor. Hut suppose In the case of the man there were an ugly tumor which claim ed a great share of the blood in his vein*;. The blood so diverted would leave his body less well-nourished for lubor, wouldn't It? The national bank returns, under the April call, have been compiled, and show some striking figures. As compared with April, 1907 —this was before the panic—bank loans have In creased In the United States by $427,- 000.000. That is, nearly half a billion dollars more have been loaned out to be used In business. But in what business? Thirty millions of the in crease —less than 10 per cent —has been loaned in that vast empire west of the Rocky mountains. Eighty-two millions, or about one-fifth of the in crease. has been loaned In the great middle-west, from the Rockiea to the Hudson river and from Lake Supe rior to the Oulf of Mexico. An equal amount of the increase has goue to the eastern states, except New York city. The balance. $234,000,000, more than one half of the total increase, has gone to New York city—and for what? To be used in stock gambling. What wonder there is the beginning of a “bull stock market.” How does New York get this mcney? The national banks In this town are compelled to keep a cash reserve equal to one-fourth of their deposits These banks may loan to merchants and manufacturers and home-buildera $75 out of every SIOO of their deposits. The other $25 must be held to guaran tee the soundness of the bank and to force careful hanking But 40 per cent of this cash reserve tnay be deposited in depository banks or “reserve depositories’’ and still be called cash. New York is designated as a depos itory. and the New York banks bid 2 per cent for these deposits. But be ing deposited in New York, this mon- DO SOMETHING! Wiseacres at Washington predict that the tariff B**olon of congress will not be concluded before the middle of July. The senate recently spent three days on the duty on razors and other cutlery. It has spent two or three other '.’ays on disclosing which of Its members are liars or directly and ’financially concerned In fixing the schedules. | Meanwhile, the manufacturing busi ness of the whole country is prac tically at a standstill. There is no panic, tut there are all the conditions •of a panic. Mills and factories are not closing to any alarming extent, j but the manufacturers are not taking any progressive steps, are not making any extensions. All are ‘sailing close tc the wind,’ waiting to see to what extent readjustment may be made : necessary by the new schedules. ) Congress hr... the country by the throat, and long continuance of con jfHtlon.i cannot fail to bring disaster. lit is the uncertainly that hurls. This is a great nation and it can stand almost any disaster to any Individual business or trade, but to keep the WHAT EVERY WOMAN KNOWS. ] John ,V*£ = I)3s*^Gi*|| isss^U *, f irr'S stop 1 _ , > d*\ AND SEE Aw WoPc a)DV ? JTOP JUST o*o. ft | THiV » • ~| A . HELLO“OAOrS ) T se£?T| - / \ #S COUPLE or INNINfeSj f mw wt fe-tet < A *C NOW w»LUC, 0 y WON'T OPTH FOfcy *, ■ m UIMH Monday. June 7, 1909 ey (or 76 per cent of it) can be loam ed. So it is that the banka throughout the country are forbidden to loan ta local merchant, manufacturer and home builder on security that la well known to bank officers, and yet this same money finds its way to New York, and there is swallowed up in the Wall-st. game. It goes to Wall-at. because it must be kept as nearly cash as possible, and so must go on “call loans.” and call loans are principally luade on stocks because stocks are something that can always be sold in New York. Up to a year ago these call loins were principally made to brokers at from 21-2 to 3 per cent; the bank ers. making small margins. The brok ers lu turn loaned this money to their clients at from sto 7 per cent. But within the lust year the banks them selves have been taking this added In terest by loaning directly to the stock gambler. The deposits of out-of-town hanks In New York average about $600,000,000, and ufc'the requirements of the New* York national banks are no different from those of any other city, three fourths of this is available for call loans and to gamblers in stocks. So it Is that, besides its own money. New York diverts from the legitimate busi ness of the country at least $600,000,- 000 to buy chips in the big Wall-at. gamble. Money Is cheap In New York, only cheap for certain purposes—for purchases of stock on margin. It is through this tremendous out of-town deposit that the recent rise In prices of stocks may be accounted for. There has been some talk about the “public not being in the market” Bless your heart, every national bank and every man who has a dollar In a national bank Is boosting the stock gnrue. although he may not think so. HU money Is “buying” In Wall at. And, once Invested In the gamble, the 25 per cent "cash reserve" Is not cash at all; a fact which the panic of 1907 Illustrated to perfection. This Isn’t nn argument for the staN Insurance of bank deposits, nor for th designating of more cities as depot' tory cities, nor for the reduction L the cash reserve of a bank, nor t have this cash reserve actually cast but it is just a little atatement \ show you how you. yourself, are in tl stock game, and Just whose money helping to buy the luxuries of tl most luxurious city in the world. g whole business Interests of the n-* tlon In suspense, chloroformed by ui certainty, Is brutal folly. Razors, c any ether special article, are otil relatively important, and It startles n oue to be Informed that there ar liars or tools of corporations in th United States senate. What the who, nation wants to know Is the hasi upon which v e can go ahead and d| business and every minute consumJ by corgress in reaching any oth<( conclusion spells heavy loss to‘n? tlonal prosperity. i Let the liars, tools and honest rep resent a’ives in the senate accompllci tne purpose of the .section as quick!) as poiHlble. This Is what the nation demands. There has been the devil to pay in every nan’s business eveb. since tariff revision was first decided! upon. The agony has been prolonged enough. Absent Minded Professor (returning holding up umbrella): You can t scold me this time, my dear Maria, for for* getting my umbrella. Marla Yes. my dear, that’s fine, but you didn’t have any when you left. Yours is here In the rack.