| Show DEMOCRATIC DEMOCRATIC- TARIFF POLICY DISASTROUS TO NATION IN 1892 President Taft Reviews Effects El Ef Ef Effects of Experiment of 1892 SAME ISSUE RAISED ANEW ANE Chief Executive Confident People People Peo Peo- pie Will Not Be Fooled Again This Year WASHINGTON Oct President President W vy Taft today made public a statement state state- ment In which which he declared that the four years of or depression which followed followed fol fol- fol- fol lowed the tile second election of oC President Cleveland vero due duc lu to the promise of ot tariff reforms and the Democratic changes In the tariff that followed a The American people he continued have more than once surprised those who ho thought ht the people were being successfully fooled tooled and I r believe e that thata a similar surprise awaits our opponents opponents opponents on the coming fifth of November The statement In part follows In view Je of erroneous statements regarding the causes of the four tour years rears of ot depression which followed the second election eJection of oC President Cleveland It nay may Yla be well to recall the facts In his formal letter Jetter of acceptance Sep September 26 26 1892 Mr Ir Cleveland emphasized the need of or tariff reform and made It the tho J loading leading Issue e between the tho parties Tariff za rUe r reform tonn la is still sUI our purpose purpose he said 1 This has hns a a. familiar sound so today save that Instead of oC tariff re reform re- re r form rm the Democratic slogan Is a tariff for tor revenue re only According According Ac Ac- cording to the Baltimore platform the tariff Is not merely to bo ho re reformed re- re formed but the principle of ot protecting protecting pro pro- American Industry is to bo ho excised root and branch On that platform Governor Wilson stands of CIc i l Election To go back to Mr Cleveland's second second sec see ond term the proof from his own writings and utterances is Js that he was elected on tho the Issue of oC tariff reform It is also a fact tact of oC history history his his- tor tory that Immediately upon his hisel el election capital a and antI Industry liS tr took tool alarm enterprise became paralyzed para para- and business disorganized Tile The somewhat puerile argument has lias been advanced a that these deplorable de tIe- conditions could not have havo been due to to impending tariff re reform reform re- re form because they arose nearly two years ears before the enactment of or orthe the Wilson tariff bill it should be unnecessary to sa say that when there are arc signs of a cyclone the rational man does docs not walt wait for tor tho the storm to hit his house before getting get get- ct- ct ting into the cyclone cellar Tho Thio Wilson bill was wae in sight sl-ht above the tho horizon on the morning mornin after aCter the tho November election of or 1892 and capital and antI Industry began their start for tor the cellar just as I fear tear tho they will take to shelter again should tho the Baltimore platform of ofa ofa a R. tariff tarJer for tor revenue only be approved approved approved ap ap- ap- ap proved b by the American people on November ember 5 5 Mr Ir Cleveland was undoubtedly sincere In his belief that tho the alarming and extraordinary bushness business bush busi ness situation as he lie called It In his him special message of August 8 S 1893 was due to the Sherman sil silver all sll- vor ver purchase act but the fact re remains remains re- re mains that after tho thin act hud had been repealed November 1 1 the tho business situation became more and anti more alarming and American energy and an enterprise were pros pros- 4 5 I U LL iL LIt l Liu IL VU L ju t I term being vivified again aln with tho the election of ot McKinley and the consequent consequent con con- on- on sequent assurance that the tho tariff reform experiment would soon give way to prot protection The effe effect t of oC the tariff reform of or 97 1894 which as I 1 have Indicated Indi was as actually felt tell from to is IR apparent In the statistics statistics statis statis- tics of or wages paid In manufacturing Jn lug ing Industries In the decade of oC 1900 1890 as 35 compared with tho the preceding and subsequent periods In 1890 wages paid lund had increased nearly nearl one thousand millions over ocr froni 1880 from 9 3 9 to whereas In 1900 when wild the country CO was as recovering from the time blight ht of oC four years cars of Democracy c showed an an- Increase to that that is Is about over o 1890 In tho the subsequent decade of protection wages in iii manufacturing Industries Increased to The Time o ot of tho thu farmers farmers farm farni- ers ois Is equally Impressive Their losses on tho the value of f farm animals alone during tho thu Cleveland tariff reform regime amounted to about I In III ii this connection It lIIa may bo ho noted that our Democratic friends prefer to discover cause ie for amusement amusement amuse amuse- ment In the alleged claim chaIn by Republicans Re ne- publicans of or credit for this j years ears I abundant crops crois Tho Time credit that Republicans claim with the ex experience cx- cx t- t of or fifty years to sustain u them Is that the Republican poll policy C of oC protection for Cor American indus industry tr try maintains the best bet marl market et Inthe in inthe market for Col for forthe the tue world world time tho home the farmer to soil his crops In In I I Continued on un l rase 7 i Column L i. j DEMOCRATIC TIC TARifF POLICY DISASTROUS I 2 I president Taft Reviews Effects Effects' of pf Exper Experiment of 1892 r e y Continued From om Page Pago 1 c while t foreign markets have havo been beon Invaded an and gained for both farms arm armand and manufacturer to a degree 4 never even distantly approached un under er Democratic administrations aL Growth of or For Foreign hn Trade The growth of or our foreign trade during the thc fiscal years of or m my admInistration administration ad ad- ministration has been set forth b bYL by L- L Secretary Knox In a statement which ought to be read by every American who intends s to cast his ballot in the coming election Mr lr t Knox points out during the three 3 years cars a gain of or 5 In our foreign trade the thc total value alue of or exports for tor the thc fiscal 1 year ear ending 4 t Ii June 30 ZiO 30 1912 being 3 1 H thc trade balance for tor In favor of nt tho the United States 71 Under the minimum tarl tariff r clause of or the Payne tariff law Jaw practically the thc entire world has received most favored nation i treatment American exports to 4 Germany German alone have increased from In 1910 to h In 1912 ii an increase of or 57 4 During Durm the same period all our trade with practically practical Europe has hRS increased In exports 1 y and our om to from I Canada ha have havo gronn 01 in 1910 to 9 5 3 In 1912 the foreign foreign for for- As Secretary Knox sa says s 's eign market Is a vital consideration tion in our Industrial life To quote from a leading newspaper The 11 ues are almost bewildering They The tell the story of or prosperity 1 I which h should not be disturbed Then why disturb it I would 4 the Democratic candidates candidates candi candi- l not suspect dates for tor the he White House e and for forthe forthe forthe the capitol of such falsitY to their pledges that tho they do not intend to disturb It Thel speech Is very ery much like e that which heralded the eJection election of Mr 11 Cleveland oland and the themay they J may la be bo presumed In justice to themselves to be e as sincere in their purposes as etS he was Except III In the south Where here the theman man of ot f color Is not allowed to tov v vote te and in California and andI I I Kansas ansas where white as well as colored Republicans are for the thc present disfranchised the thc ballot Is I free freo throughout the United States 1 and that means that the largo large c majority of oC citizens qualified to vote arc aro tree free to express theIr will at the polls I |
