Show DEALS WITH THE TARIFF President Delivers Address Upon This Topic PROBLEM IS A HARD ONE Continued Sweeping Changes Ho Declared Could Not But Bo Disastrous Dis-astrous No Nation Could Stand Radical Readjustment of Tariff Schedules at Short Intervals We Often Livo in One Year What Europe Eu-rope Docs in TenLess Partisanship Partisan-ship Necessary in Solution Logansport Ind Sept 23 President Roosevelt and party reached Logans port at 715 this morning with tho screeching of whistles and shouts of a great crowd assembled It the station to greet him Ills train was transferred trans-ferred from the Wabash to the Panhandle Pan-handle trackH here The party was driven to the high school where the President delivered I speech which dealt with tariff revision lie said PRESIDENTS SPEECH Probably tho most Important aid which can be contributed by the National government gov-ernment to the material wellbeing of the country IB I to Insure Its financial stability stabili-ty An honest currency Is tho strongest symbol and expression l of honest business life The business world must exist largely on credit and to credit confidence Is essential Any tampering with the currency no matter with what purpose is fraught with the suspicion of dl = hon cnty Is fatal In Us effects on business prosperity Very 1 Ignorant and primitive communities aro obliged to learn the elementary ele-mentary truth that the repudiation of debts Is I In the end ruinous to the debtors ao n class and when communities have moved somewhat higher In ths scalo of civilization they also learn that anything In the nature of a debased currency worko similar damage AS TO TARIFF REVISION A financial system of assured honesty Is tho fIrst essential Another essential for any community Is perseverance In tho economic policy which for a course of years Is found best lilted to Its particular particu-lar needs The Question of combining such fIxedness of economic policy as retards re-tards tho tariff while at the same time allowing for necessary and proper read Justmont of duties In particular schedules sched-ules as such readjustment becomes 1 matter of pressing Importance Is not an easy thing T Is perhaps too much to expect that from the discussion of such 3 iiieollon It would bo possible wholly lo eliminate political partisanship Yet those who believe as we all must when we think seriously 0 the subject that the proper aim of the party system Is after all simply to nubnervo the public good cannot but hope where such partl pan lhlp on a matter of this kind conflicts con-flicts with tho public good It shall be at least minimized What we really Iced In this country Is to treat the tariff as a business proposition and not from the standpoint of the temporary needs o any political party I surely ought not to he necessary to dwell lon the extreme un wisdom from a business standpoint of violent and radical changes amounting to the direct uasetllnu o uurlff policies at Intervals of every few YClrs RADICAL CHANGES RUINOUS A nation like ours can adjust Its humidness humid-ness after n fashion to any kind l of tariff tar-iff But neither our nation nor any other can stand the ruinous policy of readjusting readjust-ing Its business to radical changes In the tariff at short Intervals Thlo Is more true now than over It jvis boforo for owing to tIle Immense cxt > ntj and variety of our products the tariff schedules of today curry rates of duty on more thane than-e articles Continual sweeping changes In nuch n tariff touching so Intimately the commercial l Interests of the nation which stands as one of the two or three greatest In the Industrial world cannot but be disastrous Yet on tho other hand where the Industrial noixls of the nation o nulon shift rapidly as they do with us It Is 1 n mailer of prime Importance that we should be able to readjust our economic policy as rapidly as possible and with oa little friction as possible to thcso needs Vo need I scheme which will enable us to provide a reapplication of lie principle I prin-ciple to the changed conditions WHAT PROBLEM IS The problem therefore Is to dovlso somo plan by which these shifting needs can bo recognized and time necessary readjustment re-adjustment of neeils provided without forcing the entire business community and therefore the entIre nation to submit sub-mit to a violent surgical operation tIme moro threat of which still more the accomplished ac-complished fact of which would probably prob-ably paralyze for a considerable lime all the Industries of the country tme roil ical artlon might very readily produce the conditions from which wft Buffered nlno yearn ORO It In on every account mOll earnestly lo be hoped that this problem can be solved In some manner Into which parllsanshlp ulmll enter as a purely mice ondnry consideration If at all that Is In some mannor which shall provide for an cnrmMl effort by nnnparllsnn Inquiry and action io secure any change the need of which la Indicated by the effect found to proceed from a given rate of duly on a given article Us clYcoi If any as regards the creation of C substantial monopoly Us effect upon domestic prices upon the revenue of Iho Government upon Importations from abroad home Importatloli nbroat upon pro duction and upon consumption XVriAT WK NEED In other words we need to devise some machinery by which while pcr evrrlng In the policy of a proiccllvo tariff In which I think the l nation na a whole his now generally acquiesced wo would bo able to correct the Irregularities and remove the Incongruities produced by the changing conditions without destroying tho wholo structure Such machinery would permit us to continue our definitely definite-ly I settled tariff policy While providing for the chnnscn In duties upon particular schedules which must Inevitably and ncc esearlly take placo from time to time as matters of legislative and administrative administra-tive detail This would secure the needed stability of economic policy which Is a prime factor In our Industrial success while doing away with any tendency tool to-ol 1 would recognize the fict that our needs shift It may be founu to alter nuts and schedules adapting them to the changed conditions and necessities neces-sities of the whole people and this would bo In no wise Incompatible with preserving preserv-ing the principle of protection for belief be-lief in the wisdom of I protective tariff Is In no waxInconsistentfrankly admitting the dlnlrablllly 1 of changing a sqt of seh d ulcn when from any cause such change 15 In the Interests of the nation nsi a whole and our tariff policy Is designed lo favor the interests of the nation as Ji whole and not those of any particular net of Individuals save as an Incident to their building up 0 national wellbeing SEVERAL METHODS SUGGESTED There aro iwo or three different methods meth-ods by which It will be possible to provide pro-vide such readjustment without any shock to the business world My personal preference pref-erence would be for action which should acLon bo taken only after preliminary Inquiry by and upon tho lading of a body of experts ex-perts of such high character and ability that they could be trusted to deal with the subject purely from the standpoint of our business amid Industrial needs but of course Congress would have to determine deter-mine for us time exact method to be followed fol-lowed Tho executive has nt Its command the means for gathering most of tho nec cssari data and can net whenever It Is the desire of Congress that 1L should act That the machinery exists for turning out the policy above outlined I am very cer Inln If only our people will malce up their minds that the health of the community will bo subserved b treating the wholo question primarily from the standpoint of the business Interests of the entire country coun-try rather than from the standpoint of fancied Interests of any group of politicians ticians Of course In making changes wo would have lo proceed In accordance with certain fixed and definite principles and the most Important of these Is mm n avowed determinatIon to protect tho interests of the American producer be ho businessman business-man wage worker or farmer IMPORTANT CONSIDERATION The ono consideration which must never be omitted In U tariff change IK tho Imperative Im-perative need of preserving the American standard of living for tIme American workIngman work-Ingman Tho tariff rate must novel fall below that which will protect the American Amer-ican worklngman by allowing for the difference dif-ference between tho general labor cost hero and abroad so as to at least equalize equal-ize tho conditions arising from the difference differ-ence In the standards of labor hero imd abroad a difference which it should bo our aim to foster In so far na It represents repre-sents LImo needs of better educated better paid better fed and better clothed workingmen work-ingmen o a higher class than any to bo found In a foreign country At nil hazards haz-ards and no matter what else IH 1 sought for or accomplished by changes of tho tariff the American worklngmnn must bo protected In his standard of wugcfi that Is In his standard of living and must bo secured fullest opportunity of employ 01 ment nJnl en t Our laws should In no event afford advantage ad-vantage to foreign Industrle over Amor lean InduslrlcH They should In no event do leas than equalize the difference In tho conditions at homo and abroad The general gen-eral tariff policy to which without regArd re-gArd to changes In detail I believe this county lo be Irrevocably committed Is fundamentally based upon ample rfcognl lion of tho difference of labor cost hero and abroad In olhor words the recognition recogni-tion of the mxjd for full development of tho Intelligence the comfort the high standard of civilized living and of the Inventive genius of the American work In man as compared to the worklngman of any other country In the world |