Show AN VIEW EW Moreton Frewen Fr wen the celebrated British political economist r recently expressed great that a certain class of statesmen attributed the pro re high prices to the tariff ta if and that an effort was being made in the direction of ot a further downward re revision revision revision vision Mr Frewen being an n Eng Englishman Englishman Englishman lishman knows all aU about the ins and outs of ot free trade and his views on the situation at home as well as in inthis inthis inthis this country are aro vary vry Vi ry Instructive Re Regarding Regarding Regarding garding the rise in prices rices 1 and the tariff he says The position at Washington is very Interesting Indeed The young and ardent Republicans have convinced themselves and what wha is more important their constituents constituents constituents that the rise In to the prices of ot the necessaries of life wheat beef bacon has to do with your tariff Well In England En land landwe we have no protective tariff Just justet yet et but still the price of ot wheat has doubled In the last 15 years though we have all the world to draw on For our wheat supply wheat which was 20 shillings a quarter is now from 38 to 42 shillings Beef mutton and pork porle have risen since 1896 quite 40 per cent with us Let me quote you ou Mr latest In Index Index index dex number of prices the aver average average average age rise for his 45 commodities lumped together The index num number number number ber for July 1896 was for March 1910 It was In other words a mixed parcel of 45 com commodities commodities commodities which could have been bought In 1896 for 59 sovereigns or 59 now costs 79 sovereigns or 79 But people here are certain certain certain tain that the trouble Is in the tariff Protection In the United States State free trade in England and high prices in hl both countries What becomes of ot the theory that the tariff is responsible when some levelheaded political economist comes along with the facts In the case Mr Frewen seems to be laboring under the impression that the tariff revisionists are making headway and that there is danger of the voters vot rs be being being being ing led Into error He warns the t e cit citizens citIzens citizens of the United States against such sucha a course in the following emphatic words But If in this country you are going to experiment with a lower tar tariff tarIff tariff iff and I believe from what I hear that you are if 1 you think you read any such writing as that on the wall you ou will run into a cyclone of disaster Pull Pulla a rail or two off oft your tariff i fence Cence and anti you will first of all I Increase your imports The bal balance balance balance ance of trade Is already terri terribly terribly bly bl against you Increase your imports still more and you will evict vast sums of gold You might easily lose two hundred million dollars Certainly that will cause a rapid enough shrinkage of ot your prices through a contraction of your currency and a panic You had this sort of a fall In prices in 1907 Just two things will cor correct correct correct your present adverse ex exchanges exchanges exchanges changes higher tariff rates not lower and if you cannot get that legislation then perhaps the best corrective Is such a panic as will be the inevitable e result of o a lower tariff tari A panic will stop your purchases abroad and will also expand your sales to foreign countries but how sen sensible sensible sensible sible men with the danger signal si al alof of heavy gold exports flying to today today today day in full sight can urge tariff revision downward passes passe hu human human human man understanding The party which tries it on is likely to have a very short shrift That is the truth in a nutshell A I panic will Inevitably result from lower loner low r tariff rates If the people of ot this country believe a panic is necessary for our and happiness hap pines all they have to do to bring it about is to fall in line Une with the Democrats and let down the bars and the panic will come Having had experience in the matter of panics during the adminis administration ad administration of the late Grover Cleveland it Is hard to believe that a majority of o othe the voters v can be fooled Here In Utah there is no danger Perhaps we could stand A t pants panic as aswell aswell aswell well as any other part of o the country better than some But were not hank hankering hankering hankering ering for another period of o depres depression depression sion Idon another Democratic era of o low wages and little l work This city citO and the state of Utah are going along tin un tinder under der del full sail san JOIst fast now and prosperity I Is apparent nt on every hand and the I people j will endeavor tT to steer clear of ot the free trade rocks as long as possible possible possible ble bleIn In the meantime it is Just as well to keep posted on what Is transpiring and bear in mind min the warning of ot such moll men as Moreton Frewen |