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Show Kt in Lincoln Day Address, Defends Policy of the Administration IBD DOWK. "in President isiblo-for a gov- ; would foolishly v Dsincss nud .do- v confidence just 4-'dome 4-'dome so. ' ,-ith the national v forco tlio law -. iniont pi (he law v ffith the present njr on business, v Vk w?H for ds of conducting y must be changed v oos'cvelt's) two y almost what may -.-n religious cru- -r tho people to a y r themselves and i against the ag- ratc greed and t e opinion in an in? about tho re- - the tariff." aid expressly, in v lit a revision I implication was -i generally down- y jo which this as a marked in tho rate of -I was a rccogni- n that the time r instead of in- iey must be de- 4-o 4-o vigorous on- r administration iinst rebates on ilroads. tho interstato r udd "bo further 4-pivo 4-pivo railroads 4 e public traffic t to rho appro- y sion. 4 ie preat ad van- 4 vinps banks is 4 it to thrift of 4 of tho solvenc3' rr xcept those con- 4 onimcnt tempis 4 iving. 4 :ommg conpres- 4 president said: 4 astires to which 4-ro 4-ro enacted into 4 pledges of tho 4 are performed 4 to bo no pood 4 irty should not 4 pproval by tho 4 llry in the com- 4 lampaipu.'' j 'ATT TO (ALL STREET'S CRY fob. 12. "If tho en-Jaw en-Jaw is not consistent ifricthod of carn'ing on 5'does not speak well methods of conducting ynuist be chanced to nr." dent Taft's answer to fits crv of "panic." ffk cheering audience bdreds of .Republicans fat tho annual Lincoln Jit Republican club of Waldorf-Astoria. Bred to his purpose of ana pledpes and how fpt. 9". conclusion of a dc-aE'to dc-aE'to how tho licpubli-pemnip licpubli-pemnip its pledpes that liaciiBsion of the anti-all anti-all street, on which his eea awaited with groat- ration Attitude, declared ihal iho, ad-rpnld ad-rpnld not foolishly run ess and destroy values fU9t for the pleasure of i& continued "has the "ns the administration Uivutc and strenpthen co and prosperity. But wiiso on the parL of the J to change tho nnti-tHo nnti-tHo strenpthen it. Of pnmcnt at Washington ton to enforce tho law calculated to prevent V public r.onfideiiee in iat it must enforce tho it sayiup," t did not hcsitato to taels that havo been fldminist ration and the f, to f uturo success in lavement and other dis- ;Ho feared defeat at the er, he declared, how-f how-f courage from the de-iKin de-iKin of their opponents, ." Eaid tho president, ibis own four in balllo .much more afraid tho i a Tariff Bill. in ennie to the defeiiKC Wrwh tariff bill. He Mho said, to repeat; that .Qmp) led with the nnrf.v TW-Topiilfitioii, and thai, MM'j 'ho party had "set parly Platform, I ho ft' postal savings banks, o interstate commerce SftWuetinn plank, stato- and New Mexico, and n of natural resourcos, IS- v'II-" Promises into maa in congress and tuil be, passed. li'.Taft'B Address. M&w?-"' 1,10 nipiib- mhoJTsH: Th" l,lrlb-I;! l,lrlb-I;! memory wo ccle-fr31' ccle-fr31' ai'moprlato occasion jg " io ncpublintn puny, ffi i ,,f. u,lH co"iry Beli i: . )rial,?ln T'n--oln. wS i ;tal, "'wniH wlil.-h In nil ,'m'ln'- ,lK- (:lvll Hnin L f,'., ind at'rv; ar SI1" u,c fn''o of lfc f'i Jf 11,0 Profls. W$ Sd.S? 01ilT,,,k,fl11 Kcys; lu"" Hie prem-iii fheo Promises catoriff! f0,l0Wl,,'f p,ank hl ro" n.0. eubca Party declares inicnuiv-c'2"-v ,f01' tljc revision of the- turifr bv nrrSJSi e Ul InaiigiirnUon of the next president, and commends the stc'ns -Cl-a'r0 t,,,s 0,Yl bi the wo?k nH-rnmri nH-rnmri Vi i "I''oprln to commlitocs of congress, which are now nvKtliratlnc Ilia of nLui ,0ftHl,aton the truo principle ?a?.lrcUon, 18 best "lalntalnod bv th-i rnpos tfon of yW duilos as will equal .liiPHAnnCie bptwen thf coal of pro- ,CKi0n at lu,me al,(1 abroad. tootlior ,"8'" Vsc, fllvoi; (ho establishment of PniJ?r2 !fnd ,m,n,"n rates to bo ;id-iVL? ;id-iVL? orcd, by President uniir llinltu-i llinltu-i nvJiiM i ,n. tl,c !nw- tl,c niaxlmuni to frt1IabIu. lP n,00t discrimination bv nntTi J:?i,l,.tr,C8 aen'nst American goods f.ih?,,ninrk,'ts a"d U'o minimum jo represent, the normal measure or protection pro-tection at home, tho aim and purpo.so of ilopilb,,?a.n I)0llc-V bci"''' ,lot un'v 10 ?Jm,?rX?- w,t,,"t, excessive duties, that f.?i? iUo ,- aga nsl foreIt;n competition to wiilch American manufacturer.?, farmers and producers aro entitled, but also to maintain the hiijh standard of living of l ie wagc-camers of this oountrv, who arc the most direct beneficiaries of the pro-SnV.e pro-SnV.e :8le.n- Between tho rnlted states and the Philippines wc bellove In n i?e Interchanico of products, with such "n. ai,on? :s w sugar and tobacco .as wil. afford adequate protection to domestic domes-tic interests. As to Tariff Rovision. iy,did r?v,sc the tariff. It. Is impossible impos-sible to revise tho tariff without awakening awaken-ing the active participation In the formation forma-tion of the schedules of those producers whose business will bo affected by a chango. This i3 the inherent difficulty in the revision or adoption of a tariff by our representative system. Nothing was expressly said in the platform that this revision was to bo a downward revision. Hie Implication that it was 10 bo generally gen-erally downward, howover, was fairly given by the fact that thoso who , uphold up-hold a protective tariff Hvstcm defend It by the claim that after an industry has been established by shutting out foreign conipemion the domestic competition will lend to the reduction in price so as to make tho original high tariff unnecessary. unnec-essary. In the new tariff there were fi'i-i decreases. de-creases. 220 increases, and 1100 Items of the dutiable list unchanged, but this did not represent' tho fair proportion in most ol the reductions and the increases, because be-cause the duties were decreased on those articles which had a consumption value of nearly $5,000,000,000. while they were increased on thoso articles which had a consumption value of less than Jl.000.-000.000 Jl.000.-000.000 Of the increases, tho consumption consump-tion value of thoso afTeetcd. which are of luxuries, to wit: Silks, wines, liquors, perfumeries and like articles, amounted to nearly $1.00,000.000. while the increase not on nrtlcles of luxury affected, waa but $300,000,000. against decreases of about 5.000.000.000 of consumption. 1 repeat, therefore, ihat this was a downward revision. It was not downward down-ward with reference to silks or liquors or high-priced cottons In the naturo of luxuries. Jt was downward in respect to nearly all other articles except woolens, which wero not affected at all. Certainly Cer-tainly It. was not promised that the rates of luxuries .should bo reduced. The revenues reve-nues were falling ofT, there was a deficit promised and It was essential thai, tho revenues should ho increased. It was no violation of the promise to Increase the revenues by Increasing the tax on luxuries, lux-uries, provided thero was downward revision re-vision on all other articles. Admits One De'foc't. The one substantial defect In compliance compli-ance with tho promise of the platform was the failure to reduce woolens. Does that defect so color the action of the Republican party as to niaho It a breach of faith leading to its condemnation? T do not think so. Parties are like men. Revisions arc like the work of men they arc not perfect. The change which this tariff effected marked a change downward in tho rate of duties, and it was a recognition by tho party that the time- had come when instead of Increasing Increas-ing duties, that Ihoy should decrease them; that tho party recognized in Its platform and In much of what It did, that tho proper measure of protection was the difference In the cost of production produc-tion of articles here and abroad, including includ-ing a fair profit to the manufacturer. There was a dispute as to what that difference dif-ference is. and whether It was recognized In the change of all tho duties downward. down-ward. Particularly was this the case on tho materials that enter Into the manufacture manu-facture of paper and paper Itself. The reduction on print paper was from ?C to' $3.75, or about 37 per cent. Difference of Opinion. There was a real difference of opinion on tho question of the fact whether the new duty correctly measured the difference differ-ence In tho cost of production of print paper abroad and print papers here. It affected the counting rooms of the newspapers news-papers or tho country and Invited the attention at-tention of the newspaper proprietors who had associated themselves together like other Interests, for the purpose of ijccur-Ing ijccur-Ing a reduction of the tariff. The failure to make a larger reduction showed itself clearly hi tho editorial columns of a grout number of the newspapers, whatever their party predelleiion. The amount of misrepresentation lo which the tariff bill In lis effect as a downward revision bill was subjected has never been exceeded in this country and It will doubtless lake tho actual operation of tho tariff bill for several yeai-ii to ahow lo tho eountiy exactly ex-actly what the legislation and Its effect are. It Js perhaps too early to Insllule tho fairest comparisons between the Payiie-Aldrlch bilhiind tho bill which preceded pre-ceded il. hut (he Payne-Aldrloh bill ha;i been In operation now for six months and figures arc at hand from which wc may make a reasonable Inference, lirst. as to whether it Is a revision downward, and, second, as to Its capacity for producing reveiiuo. for it must be borne In rnlinl that the passage of the law was demanded demand-ed not only for Iho purpose of changing rates In their effect upon thi Industries of the coimlry. but also for tho purpose of Increasing trade revenues and the success suc-cess of the measure Is to be. Judged by Its results in both these respects. Quotes Statistics. The bureau of statistics Is authority for the statement that during the llrst six months of the operation of the Pay no law which has just ended, tho average rate of duty paid on all dutiable Imports Im-ports was '1 1.09 per '"out. advalorem. The average rate of duty paid on all Imports for the same six mmilha for the four preceding years under the Ulngley law was 21.3. This would phow that the reduction re-duction In the Payne law i? 2.01 per cent of the value of the goods.- or that tho reduction below the previous tariff rates Is 1- per cent, showing a downward revision re-vision of this extent In thoso goods which are dutiable. iiut this is not all. I'nder the Payne law. 51. i! per cent of the gross Imports for the last, six months hove been entered en-tered free, while under tho four years preceding for the same six months the free list amounted lo 45.-1H per cent of tho total Importations; so then; was not onlv a reduction of duty on dutiable Imports Im-ports of about 12 per cent. vbut also an enlargement of about the same percentage percent-age of the free list. For the production of revenue-, the Pavne law Is even nioro an Improvement on the DIngley bill. Pining tho six months that the Pnymi tar ff v.iiij n force, from Angus! 5 to the nlghl of l'.:b-rtiarv l'.:b-rtiarv 6. the customs receipts amounted to jjfiG,00i;.Sr,.r.l. ruder the Wilson-Gorman Wilson-Gorman tariff the semi-annual average was SSII.liV.G-in.liO. ruder tho lJ'm,'ley tariff the semi-uunnal average was SISt .-liiw.S-tl.x-l. I'nder tho Wilson tariff the monthly average was $13 .S5,.I:t..i.5 In-dor In-dor tho UingJey tariff Die monthly average, aver-age, was $'J 1.7 10.1)73. (it: vhne under the l'nvne tariff the monthly average has been S27,;77,L IL'.T.I. or 100 per cent greater great-er than tho monthly average under the Wilson tariff, ami M per cent neater than the monthly average under the Do71eou.-sc'.lfI's the coimlry Increases In population, the customs receipts In-;J: but even considering th: population. '",! h.crej "in the tariff receipts lias' been n arked I'nder the Wilson tariff the annual an-nual average customs receipts per cap la we re. $2.3S; under the. DIngley tar ff. S.U.I - Tlio net Has done Justice to the 1III- , Ipplne islands by giving them free trade "ullrinc new tariff act !lns,,,plov,do(I for appointment of a tuiiff board to secure Impartial evidence, upon which, when a revision of the tariff shall Hoem wise, wo shall have at hand data from which can be determined with some degree of accuracy the difference! between the cost of producing articles abroad and tho cost of producing them In this country. The great, difficulty In hearing and discussing the present tariff bill was the absence of satisfactory ami credible evidence- on either side of the Issues as to low or high tariff?. Tho Importer on the one hand ami t.hc manufacturer on th". other were present to give their fallible Judgments, affected bv their own pecuniary Interests, as to llw" facts under investigation .Men who were, struggling to lind the truth were greatly perplexed by the conflicting testimony. Tho tariff bill authorizes the president to expend 75.000 In employing persons to assist him In administering tho maximum maxi-mum and minimum clause and to assist Him and other officers of tho government govern-ment in the administration of the tariff law. I have construed this to mean that I may use the hoard appointed under this power, not only to look Into tho foreign tariffs, but also to examine the question wllh respect to each Hem In our tariff bill, what the cost of production of the merchandise Is. and what Us cost Is abroad. This Is not. an easv tnsk for Impartial experts, and It requires a large force. I expect, to apply to congress this year for $250,000 to organize a force through which this Investigation may go on and the results b recorded for the use of the exocutlvo and congress when they desire to avail themselves of the record. In this way. any subsequent revision re-vision may bo carried on with tho aid of data secured officially and without regard to Its argumentative effect upon tho question of raising or lowering duties. Taken as a whole, therefore, I don't hesitate hesi-tate to repeat that tho Republican party has substantially complied with Its promise In respect to tlio tariff and that It has sot itself strongly in the right direction di-rection toward lower tariffs, and fur-nlshed fur-nlshed tho means by which such lower tariffs can properly and safelv be fixed. An investigation by tho tariff board or the sort proposed will certainly take a full two years or more. Meantime tho operation of tho present tariff promised lo be consistent with the pi-ospciity of the country and with the furnishing of sufficient funds with which to meet the very heavy, but necessary, expenditures of carrying on our great government. Claim Law Is the Best. I therefore venture to repeat the remark re-mark I havo had occasion to make before, be-fore, that the present customs law Is the best customs law that has over been pussed. and It Is most significant In this, that It Indicates on the part of tho Republican Re-publican party the adoption of a policy to change from an Increase In duties to a reduction of them, and to effect an increase in-crease of revenues at the same time. The act 'has furnished to the executive the power to apply tho maximum and minimum clauses in order to prevent undue discrimination on the part of foreign for-eign countries, and this is securing additional ad-ditional concessions in respect, to tho impositions im-positions on our foreign trade. The act has done' justice to tho Philippine Phil-ippine islands by giving them frco trado with the United States. More than all this, ihc new tariff act has provided, for tho appointment of a tariff board to secure Impartial evidence, upon which, when a revision of the tariff shall seem wise, wo shall havo at hand data, from which can be determined deter-mined with somo degree of accuracy the difference between tho cost of producing articles abroad and the cost of producing them In this country. The tariff bill authorizes the president to expend $75,000 in employing persons to assist him In administering llio maximum maxi-mum and minimum clause and to assist him and oilier officers of the government in the administration of tho tariff law. I have construed this to mean that 1 may use tho board appointed tinder this power not only to look Into tne foreign tariffs, but also to examine i.hc question with respect to each item In our tariff bill, what tho cost of production of tho picrchandiso Is. and what Its cost Is abroad. TI1I3 Is not. an easy task, for Impartial experts, and It requires a largo force, I expect to apply lo congress this year for 5250.000 to organize a force through which this investigation may go on and the results be recorded for the use of tho executive and congress when they desire to avail themselves of tho record. The Railroad Question. On the subject of rallrouds the Republican Re-publican platform said: "Wc approve the enactment of the railroad rail-road rate law and the vigorous enforcement enforce-ment by the present administration of llio statute, against rebates and discriminations, discrimi-nations, as a result of which the advantages advan-tages formerly possessed by tlio large shipper over the smaller shipper have subsequently disappeared; and in this connection wo commend tho appropriation appropria-tion by tho present congress to cnablo the Interstate commerce commission thoroughly thor-oughly to Investigate and give publicity to the accounts of Interstato railroads. We believe, however, that the Interstate commerce law should be further amended so as to give railroads tho right to make and publish traffic agreements subject lo the approval of Iho commission, but maintaining always tho principle of competition com-petition between naturally competing lines and avoiding the common control of such lines by any means whatsoever. Wc favor such national legislation and supervision super-vision as will prevent the future overissue over-issue of stocks and bonds by Interstato carriers." A bill- to carry out these declarations has been Introduced hi both houso and senate and Is now being considered before be-fore the appropriation committee of thoso two bodies, and there Is every hope that Hie bills thus Introduced In substantially substan-tially Iho same shape a3 Introduced will be enacted Into law. Power "of Commission. Indeed, thin railroad measure goes further fur-ther than the promise of the platform, for, while It .subjects the Issue of stock and bonds to the restrictive supervision of iho commission and prevents further watering of securities and forbids the acquisition by a railroad company of stock in a competing Hue. It also puts very much more power Into the bands of the commission for llio regulation of rales, and It facilitates in every way the ease of supervision by Iho commission commis-sion of Ihc railroads ro secure a compliance com-pliance by the railroads with llio rights of the public and or the shipper. Tho bill was prepared by llio attorney general after a full conference with "the interstalo commerce eompilsstym, with representatives of the shippers and with representatives of the nillroads. and, wnllc It was not tho result of an agree-nierft agree-nierft between all the panics In Inlerest. It was drafted with a view lo meet all the fair objections and suggestions made by every 0110 of litem. Party Plcdgoa. The platform further ua: "Tho Republican party will uphold at all times the authority and Intogiity of the courts, stale and federal, and will ever Insist Unit their powers to enforce their process and lo protect life, liberty and property shall be preserved Inviolate. We b-liove. however, that the rules of procedure in the federal muriH will: respect re-spect lo the Issuance of the writ of Injunction In-junction should be more accurately de-ilncd de-ilncd lv statute,, and that no Injunction or temporary restraining order should be Issued without nutlee, except where Irreparable Irrep-arable injury would result from delay, In which cuho a speedy Hearing thereafter there-after should be granted." A bill to carry out exactly tblK promise has been Introduced In both tho senate and house, and will doubtless come up for consideration and passage The bill does not go an far as .Mr. Compels and the I'ederailon of J.abor demand, but it jroes as far as the Republican convention was willing lo let It go, and It Ik so drawn as to make an abuse of the Issuance Issu-ance of the Injunction without notice very Improbable. It requires that no In inaction shall be Issued without full not loo and hearing unless, lo m ovent Irreparable Injury, and that in such cases the court shall make a (Hiding front the evidence adduced, pointing out what the InHirv anticipated Is and why Irreparable, mil wliv there is not time to give nolle", n after the Injunction shall bo Issued without not Ice It I provided that such Injunction shall lore lfj force at the plratlon of flvo days, unless a hearing is had. -The platform also promised statehood to Arizona and New Mexico, and tho bill providing such statehood has passed the houso and has been favorably considered by the committee of the senate, ho that there seems to be no reasonable doubt that this prom he will bo fully kept. Postal Savings Banks. The Republican national platform contained con-tained tho following; "We favor tho establishment of a postal post-al savings bank system for the convenience conven-ience of the people and tho encouragement encourage-ment of thrift." A bill has boon Introduced to establish estab-lish it postal savings bank. The great difficulty In the bill seems to have been to obtain a proper provision for the management and Investment of the money deposited. The great advantage of a postal savings bank Is the encouragement encour-agement to thrift of those whose fears of the solvency of any depository except a government depository tempts them away from saving. A government promise prom-ise to repay seems lo be specially effective effec-tive in lending people to save and deposit their savings. The machinery of the postofilco department, with Its 60,000 posiofflccs and 40.000 money order offices, offers an economic and far-reaching machinery ma-chinery in places remote from banks, and among people who fear banks, who, but for tho opportunity, would not save but spend. The low Intercut offered, that of 2 per cent, prevents auch postal savings banks from Interfering wHh regular savings sav-ings banks, whoso rate of Interest always Is in excess of 2 per cent. Dangerous Amendments. In tho present Btage of tho senate bill there have been Inserted amendments, drawn apparently for the purpose of having hav-ing money deposited; as savings in gov ernment postonicos. distributed through the locality where deposited In tho banks, state and national, and so deposited as to' make It Impossible for tho trustees of the fund appropriated under tho law to withdraw money for the investment In other firms. 1 regard such an amendment as likely to defeat tho law. First, because It takes away a feature which ought to be present pres-ent ,ln tho law to assure Its constitutionality. constitu-tionality. If the law provided that the trustees to be appointed under tho law for tho funds thus deposited could meet tho financial exigencies of the government govern-ment by purchase , or redemption of the government 2 per cent and other bonds, tho measure would certainly bo within the federal power, because tlio postal banks would then clearly bo an instrument instru-ment of national government in borrowing borrow-ing money. We have now about $7,000,000 of 2 per cent bonds, with respect to which wc owe a duty to tho owners to sec that these bonds may be taken care of without with-out reduction below the par valuo" thereof, there-of, because they were forced upon national na-tional banks at this low rato In order that the hanks might have a. basis of circulation. This Implied obligation of tho governmonl. the postal savings bank funds would easily enable it to meet. Possible Contingency. Secondly, if tho funds aro to be arbitrarily arbi-trarily deposited in all -banks, state and national, without national supervision over tho stale banks and a panic were lo come. It is difllcult to see how the government could meet its obligations to Us postal savings banks' depositors, bo-causc bo-causc with every bank suspending payment pay-ment the funds of the postal savings hanks would bo beyond tho control of tho governmonl, and wo should havo a tinan-clal tinan-clal disaster greater than any panic wo havo heretofore met. A provision that when the money is not needed to invest In government bonds or to redeem the same, it may be deposited In national banks In tho neighborhood of the place of deposit, will avoid tho great danger of a panic and will strengthen a banking bank-ing system which la an arm of tho federal fed-eral government. 1 sincerely hope that beforo tho measure meas-ure is hammered into Its llnal shape it may tako on these characteristics, which shalLglvo It a constitutional validity and sonnet llnanclal strength and usefulness. Thoso who insist upon the elimination of these two necessary characteristic features fea-tures of the bill will put tho party In tho position where it cannot hope to escape the charge that it Is not in good faith In seeking the passage of a postal savings sav-ings hank act. and Is not seeking, therefore, there-fore, to comply with the promlso of the Republican platform In that regard. Again Quotes Platform. "We Indorse tho movement Inaugurated Inaugu-rated by the administration for the conservation con-servation of natural resources: wo approve ap-prove all measures lo prevent the waste of timber; wo commend the work now going on for the reclamation of arid lands, and reaffirm the Republican olUy of the free distribution of tho available areas of the public domain lo the landless land-less settler. No obligation of the future Is more Insistent aiuj none will result hi greator blessings lo posterity. In line with this splendid undertaking Is the further duly, equally Imperative, to enter en-ter upon a. systematic Improvement upon a largo and comprehensive plan. Just to all portions of tho country, of tho waterways, water-ways, harbors ami great lakes, whose natural adaptability to (he increasing trafllc of the land is one of I he greatest gifts of a benign Providence." In accordance wllh this plank, measures meas-ures for Hie conservation of the public domain, for the rcclasslilcatlou of lands according to their greatest utility and tho vesting of-qiower In the executive lo dispose of coal, phosphate, ol) and mineral min-eral lands, and of water-power sites In such a. way as to prevent their monopoly, monop-oly, and unli.n of ownership in syndicate or combination, have already been introduced, intro-duced, and will doubtless. In a form approved ap-proved bv congress, bo made into law. Tho subject has attracted the widest liilercsl. and Its Importance Is becoming moro and more Impressed upon the American people. The. river and harbor bill, which lias lust been reported by tho river and harbor har-bor committee of the house, has bc.u framed with si view to complying with the plank of the pint form which I have-above have-above quoted. Panic and Revenues. Following the panic of IP07. the sov-crtimeiil sov-crtimeiil revenues fell oft and the expenditures expen-ditures cnntliiuod. leaving a de.flelt for the j ears 1007. 100S and l!!01. There was. howover. no deilelt in tho whole admin-Islialloii admin-Islialloii of Mr. Roosevelt when tho expenses ex-penses aro compared with the revenue:!. Indeed. It will be found that under tho operation of tlio DIngley bill, which covers cov-ers most of his administration ;uid the llrst six mouths of the present administration, adminis-tration, tho surplus, on the whole, was about ?2o0.00il.0U0. At tho beginning of ibis administration, however, it was perfectly per-fectly evident that, the expense Increasing In-creasing in rcvenuos. decreasing, there would be a continuous deiicil, and this tho Republican party, with Its majority In congress and the responsibility placed upon II. lias proposed lo meet by reducing re-ducing expenditures and liicreaulng revenues. I Have already showii what the Increase In-crease in revenues bus been. Tim present pres-ent administration, in estimates for the year ending .hum 30. 1011. cut them some foii.v-odd mill Ion dollars below the actual ac-tual appropriations of the year before, and now II. Is proposed to appoint a Joint commission, consisting of congressmen, senators and numbers appointed by the executive, who shall examine the organ-i.a'ioir. organ-i.a'ioir. of (be various departments and bureaus, and, by the elimination of duplication, du-plication, the construction of buivaus and the Incieuse In efficiency of tho hidlvl-dual hidlvl-dual civil servant, shall decrease the regular reg-ular permanent cost of governmental op-eralloii. op-eralloii. The Trust Question. With respect 10 trusts, the Republican party spoke as follows In Its platform: "Tho Republican party passed the Sherman anil-trust law over the Democratic Demo-cratic opposition and enforced It after Democratic dereliction. It has boon a wholesome Instrument for good In the hands of a wise and fearless administration. administra-tion. Iiut experience has shown that Its effect Ivenesn can be strengthened and its real objects better attained by such amendments as will give the federal government gov-ernment greater supervision and control over and securo greater publicity In the management of that class of corporations engaged in interstate commerce having power and opportunity to effect monopolies." monop-olies." Since this plank was adopted, prose-. prose-. euiJcui -r the tobacco trust and the Standard Oil trust, begun. In the last! administration, have, gone on and have resulted in decrees In the court of appeals ap-peals of the second and eighth circuits, which aro now pending on appeal in tho supreme court. The decrees In each case tear apart the combine of subordinate corporations which, united by holding companies, make up the trust In each case, and enjoin Individuals Trom a further fur-ther maintenance of the Illegal combination combina-tion of such corporations to carry on the business for which they were organized. or-ganized. . - Will Show No Pavora. It has been said that tho Republican party made a promise ho to amend the law as to ameliorate and soften tho application ap-plication of the trust law In Its interdiction inter-diction upon business as conducted by , the greater corporations, hut I find nothing noth-ing In the platform to Justify such a construction. The principle of tho antitrust anti-trust . law Is that those engaged in modern mod-ern business, especially of manufacture and transportation, shall pursue tlio policy with respect to their competitors of "Live, and let live," and that they shall not use the bigness of their concerns con-cerns to frighten exclusive patronage from customers and the elimination of smaller concerns from competition, and thus control output and fix prices. The attorney general has prepared a bill which he thinks, and I think, will offer to those who wish to pursue a lawful law-ful method of business the moans of easily doing so, A lawful Interstate business under tho protection of a fed-oral fed-oral charter, which, while it will subject tho business of tho concern to tho closest scrutiny of government officers, will save the business from hfirassmotit by state authorities and will glvo it that protection protec-tion which Its peaceful pursuit of Its business as a federal corporation will necessarily secure It. Federal Incorporation. This measure, has mec tho approval of those who fear too great concentration concentra-tion of power Jn the federal government, of those who deny the right of tho federal fed-eral government In such cases to grant incorporation. I believe the act to be constitutional, and 1 believe that, if enforced, en-forced, it would furnish a solution of our present difficulties, but as it was not specifically declared for In tho Republican Re-publican platform, I do not feel Justified Justi-fied In asking the adoption of such an act as a party matter. I have brought it forward, however, as a suggestion for difficulties which are likely to be presented In tho prosecution of suspected Illegal trusts as a means by which they can put thctr houses In order and take their places among those engaged In legllhnato business. If the other measures to which T havo referred arc enacted Into law and the party pledges of tho Republican parly performed, there would seem to be no good reason why tho party should not receivo renewed approval by tho electors of the country In the coming congressional congres-sional campaign. Sees Trouble Ahead. But there are signs which manv construe con-strue as an Indication that the Republican Repub-lican majority In the present congress will change to a Democrat 1; majoiitv In the next. This is based chiefly on the dissensions in the Republican party and upon the severe attacks made by a great many newspapers having Republican tendencies ten-dencies upon the party and its leaders In congress and In tho nation. I am glad to say that so far as the legislation which I have Indicated above Is concerned, there seems to bo a clear party majority major-ity In both houses In favor of Its passage pas-sage and the redemption of the partv pledges. There Is, However, a decided difference as to (he proper rules to prevail. pre-vail. In the houso and as to tho seriate prcsonncl of the leadership. It would seem as If these questions were questions that might well be solved within the party lines, but they have been so acuto as to produce what lias boon called an insurrection and to awak-on awak-on tho country over a controversy be tween' tho insurgents and the regulars, so-called. I am. hopeful as w'o approach the llnee of battle for tho next year the sottlo-ment sottlo-ment of 5ome of these Internal questions can be effected without such a breach of the parly as to prevent our presenting present-ing an unbroken front to the enemy. Reason to Take Courage. We among the Republican:! may be discouraged dis-couraged when we consider our own dissensions, dis-sensions, but when we look to the possibility pos-sibility of any united action 011 tho part of the Democrats' for any policy or any lino of policies, we must take courage. It was CSeneral Grant who said that when He first went into battle he had a groat deal of fear, but die overcame that feeling by maintaining in his mind tho constant thought of how much more affected his opponent was. And so we who ilnd ourselves at times given over to tho thought that Republican control Is at an end. should not forget lo consider, con-sider, not only our own factional strike, but also that of our ancient enemy. If the Democratic party were a solid, cohesive co-hesive opposition, guided by one principle, princi-ple, and 'following the same economl: views as lliey Hold, the situation would b; far more dlscouiuglng than It Is. Praisos His Party. The Republican party has been the party responsible for the government for the last seventeen years. It has discharged dis-charged thoso responsibilities with wonderful won-derful success. Tho trouhlcs growing out of the Spanish war and those which have como from tho rapid accumuiators. It has fallen to the party to meet, and while they have not yet. all had a perfect solution, the record Is one of which we havo no reason to bo ashamed, Mr. Roosevelt aroused the country and the people to the danger we were In of linvlnrr nil nnr nollHe nrwl ?.U n,,t- nlanna of governmental authority- controlled in corporate Interests and to servo the greed of selfish, but powerful men. During Dur-ing his two terms of office, by whai. almost al-most may bo compared to a religious crusade, ho aroused the people to the point of protecting themselves and the public Interest against the aggressions of corporate greed, and has left public opinion In an apt condition to bring about the reforms needed to clinch his policies and to mnKc tnem permanent in the form of enacted law. Rut as an inevitable aftermath of such agitation wo llnd a condition of hysteria on tho part of certain individuals, and on tho part of others a condition of hynocrlsy manifesting Itself in tho blind denunciation of all wealth and in the impeachment of tho motives of men of the 'highest character, and by demagogic appeals lo tho Imagination of a people greatly aroused upon the subject of party and honesty In the administration of government. Tho tendoncy Is to resent attachment to party or party organization and to an assertion of individual opinion and purpose, pur-pose, at the oxpeuso of party discipline. Tho movement is toward factionalism and small groups, rather than toward large party organization, anil the lenders of the; party organisation aro subjected to the severest attacks and lo the questioning ques-tioning of their motives without any adequate ade-quate evidence to Justify It. Does Not Claim Perfection. I am far from suylng the Republican party Is perfect. Xo party which has achieved such power as It has achieved for the last seventeen years could bo expected ex-pected to maintain either in il rank and flic or In Its management men of the purest and highest motives, and I am the last one to advocate any halt In the prosecution and condemnation of Republicans, Re-publicans, however prominent and powerful, pow-erful, whoso conduct requires criminal or other prosecution and condemnation. It should bo well understood that, the Republican party in Its present condition with the various divisions subjected to tlio crossllro of Its own newspapers and Its own factions, any halt or failure; on tho part of thfse In authority to punish and condemn corruption or corrupt meth-ods meth-ods will properly bo visited upon Iho party Itself, however many good men It 111 ft contains. 1 1 HI t? We shall bo called upon to respond to BUll tho charge in the next campaign that tho Unlit turlff. for which wc aro responsible, has K raised prices. If tho people listen to rca-. JJ Bj' sonablo arguments, It will be easy 10 fllw demonstrate thin high prices proceed 19 from an entirely different cause, and that ijuiftl tho present tariff, being largely a rovi- BE slon downward, except with respect to I IBM? silks and liquors, which are luxuries. amm it cannot be charged with having increased j lMjl7u But this will not prevent our Demo- $ Bull cratlc friends from arguing, on tho prln- IlltSfi I elplc of "post hoc propter Hoc," that be- fiS&l cause high prices follow tho tariff, there- ffitl a fore they are the result of it. And wo in f must not be blind to the weight of such HIieeVI an. argument in an electoral campaign. HlanM tl The reason for the rise in the cost of tllUPisS' necessaries can easily be traced to the II SwKjj increase In our measure of values, the l liilB precious metal, gold, and possibly In somo 11 ( cases to the combinations In restraint of w JH Tho question of the tariff must be ar- HsSli gued-oiit. The prejudice created by the IHwSii early attacks upon tho bill and tho III W III gross lulsreprcsntatlons of Its character IMpSH must be met by careful presentation of 11 Bi uH the facts as lo tlio contents of the bill, tilfrm and also as to its actual operation and ISiw statistics shown thereby. liilrKl I believe wo have a strong case If wo I III Ha can only get It into the minds of tho IsiJSil Should disfavor follow us and the Re- LVXa publican majority In tho house become jLMQM .-t minority In the next house, it may be. ItjBffi possible that In the Democratic exercise- liflllij of its power the people of this country lllwaB will see which Is the party of accom- HsMu pllshinent, which Is the party of arduous II MS deeds done, and which is the party of liiTHPl words and Irresponsible opposition. llwKlCi "With" Eegard to Panic jrairU I only want one more word. From HID time to time attacks arc made upon the B9 administration, on the ground that its ffiflfl policy tends .to create a. panic in Wall WkM street and to disturb business. All 1 f RB have to say upon that subject Is this: wB That certainly no one responsible for a, lW3u government like ours would foolishly run IB1 amuck In business and destroy values Bi and confidence Just for the pleasure of Mg doing so. No one has a motive as strong WW as the administration In power to cult I- jjffll vale and strengthen business confidence 9H and business prosperity. UB But It docs rest with the national gov- 9M ernmcnt to enforce the law, and, if the WM enforcement of the law Is not consistent itfEMB with the present method of carrying on mm business, then It does not speak well for IflK the present methods of conducting busl- I VMI ness. and they must be changed to con- flH form to the law. IB Thero was no promise on the part of Vfll the Republican party to change the anil- 1 i!H trust law except to strengthen It. or to VH authorize monopoly and a suppression of HJ competition and the control of prices, , iM and those who look forward to such a RH change cannot now visit, the rcsponsl- H'MBB bllily for their mistake on innocent per- JW Of course, the government at Wash- Bfl Ington can be counted on to enforce jBH the law In the way best calculated to WW prevent a destruction of public eonfidenco MB In business, but that It must enforce MB Ihc lav goes without saying. WW I am glad to be present at this meet- H lug of the Republican club of New York UBJ and here meet your distinguished gov- MH ernor. whose name is such a power be JHM fore the people of this slate and of tho I BBn counlrv, Unit to lose him as a- candidate, I BJj for governor bv his voluntary withdrawal In is to lose, the strongest asset that the ' HJ Republican party ha.s In the stale to en- I BR2 able It to win at the next election. MH I tun glad to bo here at the meeting of t Mi the Republican club on Lincoln's blrlhray, lid because mv knowledge and Information MJ with respect to the club Is that it stands I Tor stalwart Republicanism. ImsIIovcs in MM party organization and party discipline. , MH but Insists on the highest Ideals ami MH methods in formulating tho policies of I MH tho party and carrying' them out. I MH |