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Show INDIANAPOLIS, July !. President Taft put the parting touch on his part In the celebration ot this city's safe and Banc Fourth in a speech on Canadian Ca-nadian reciprocity at the Marlon club banquet tonight. The president made his answer to the arguments of other Republicans that reciprocity as he has proposed It is not good Republican doctrine but Democratic doctrine. Ho showed that reciprocity as presented pre-sented to congress by him differed. If at all, only slightly from reciprocity advocated by James G. Blaine and former President McKInley. Ho declared de-clared that tho contention of the opponents op-ponents of his reciprocity plan that the doctrine 1s unrepubllcan because It affects articles that are competitive competi-tive and not merely non-compotltlvc articles, Is not sound. Will Not Reduce Living Cost. Replying to tlio contention that reciprocity rec-iprocity would be wholly at the expense ex-pense of the farmer and In the Interest Inter-est of tho wage earners of the largo cities, Mr. Taft declared that. In his Judgment, the reciprocity agreement will not greatly reduce the cost of living. liv-ing. If at all. Although the sun was consulted by those in charge of the celebration of tho Fourth and the temperature liov-ored. liov-ored. around 110 on the streets most of the day, the president erjoyed his port In tho celebration In 'splto of the crowded program and the fact that his collars would not stand for more than ten minutes at a tlmo. The president was the guest of former for-mer Vice President Fairbanks. Ho had breakfast at the Fairbanks home and later In the morning reviewed a parade of floats at tho Indiana soldiers sol-diers and sailors monument. Practically Practi-cally the only unpleasant Incident- of the day occurred In front of this stand a half hour beforo his arrival, when Mrs. Henry Tutwiler, occupying one of the reserved scats, was btruck in tho thigh by a spent bullet fired by some unknown. Mrs. Tutwiler was uot seriously hurt and the president was not Informed of the accldont. Following the parade the presldont held a reception at tho Marlon club and shook hands with sevcrnl hundred club members. He took luncheon at the Columbia club, then drove through some of the principal streets, arriving at the state fair grounds In time to witness a pre-arranged collision between be-tween two railroad locomotives. The two locomotives, starling under full steam on the same track, came together at high speed 200 yards from where tho presldont sat. Neither loft the trnck, but both woro reduced to scrap Iron. At the baseball park he awarded prizes to the winners In the morning parade. In a brief address at the fair grounds tho president praised tho idoa ot a 'safo and sane" Fourth. From the fair grounds he was taken back to the homo of Mr. Fairbanks, where he rested until tlmo for tho Marlon club banquet. INDIANAPOLIS, July 4. "I have had occasion elsewhere to say that the three subjects In which I have recently re-cently been most greatly Interested aro not party issues. Certainly this is true of universal arbitration and of the plan of the monetary commission for tho reform of our currency and banking system. "With respect to reciprocity, how-over, how-over, 1 find there Is a disposition by some Republicans to dispute the proposition prop-osition that Republicans can consistently consist-ently support the adoption of the pres-ont pres-ont ugrcemeut made for this purpose with the Canadian government. It is said that this kind of reciprocity Is uot Republican reciprocity. "It Js aald this reciprocity covers competltlvo products of each country and that the reciprocity of former Republican Re-publican lenders was intended to Include In-clude only a loworlng or abolition of duties on products of olhor countries which did not compcto with products of thlB country. "Thcroforo, It Is said that the Canadian Cana-dian reciprocity as now proposed Is nothing but a Democratic measure, reducing re-ducing or abolishing tho tariff on goods or products from Canada that competo with those raised by our own pcoplo, and that It Is especially Injurious because It is so drawn as prejudlcally to affect tho farmers of tho country as a class. "Tho Republican party In their last natlpnnl platform declared In favor of tariff duties which would measure only the dlfforonco In the cost of production produc-tion of articles hero and of artlcM abroad. In other words, the sound Republican doctrine has become tho Imposition of duties only where the conditions aro naturally unequal and where duties are necessary In order to cnablo our manufacturers and other producers to meet on a level the competition of foreign producers. Tho Canadian reciprocity agreement squares exactly with this doctrlno. "Another answer to the objection of Republican friends who donounco Canadian Ca-nadian reclprocltj as a heresy. Is that tho amount of competition which Is to take place In our markets between Canadian products and thoso of the United States under this agreement Is vory much less than they would by tholr general statements havo you believe. In tho first place, thoy say that by free trado In agricultural products, wo aro giving them a market mar-ket or ninety million people and taking tak-ing only a market of eight million pcoplo for the same things, and that necessarily they derive greater advantage. ad-vantage. As a matter of fact, In tho vast bulk of our agricultural products, thoy can furnish ho competition whatever, what-ever, while this agreo.ment admits all our products free,lnto Canada. "It Is said lhatJ this Canadian reciprocity reci-procity agreement Is mado wholly at tho expense of tho farmers and only In the Intorcst of those who would have our products at a le66 price, to-wlt: to-wlt: The wage earners of the large cbltlcs. It Is iny own judgment that the reciprocity agreement will not greatly reduce the cost of living, It at all. It will, however, steady prices by enlarging the reservoir of supplies for thoso things that are raised in both countries and It will make moro remote re-mote the possibility of cornorlng commodities com-modities and extorting excessive prices for them from tho public. "It Is a mlstako to Bay, howevor, that this agreoment Is not Sn the Interest In-terest of the farmers Lot us examine exam-ine the statistic and see. Tho free list Ib made up almost entirely of agricultural products. Tho amounnts of exportation from this country to Canada at present In the articles covered cov-ered and effected by the reciprocity agreoment was for tho fiscal year ended March 31, 1910. $48,000,000, and the duties paid on those articles was something more than $7,800,000. The exportation of thoso same articles Into Canada for tho vear ended March 31, 1911. was $61,000,000, and tho duties du-ties levied and collected were $10,-iiQO.OOO $10,-iiQO.OOO The Increase, In other words, was about $16,000,000 Inst year, and tho additional duties collected was about $2,700,000. "There seems llttlo doubt that for the current year the United States trade covered by reciprocity will reach $75,000,000, and tho remission of duties would bo not Iobs than $4,000,000 under the agreement V,'hat I wish to call your attention to Ib that of this remission of approximately $3,400,000, which would havo been mado on tho Imports into Canada ' from the United States If tho reciprocity reci-procity agreement had been In effect, a little less than $2,000,000 would havo been on agricultural products "The truth Is that when tho cora-plalnt cora-plalnt made on behalf of tho farmor Is aanlyzed, It will be found to be limited to an argument that by the admlBBlon of freo wheat Into tho United Stutes, the price of wheat will be reduced 10 cents a buBhel. The answer to this argument Is thnt this cannot be, for tho reason that tho prices of wheat In tho United Suites nnd Canada both Is ultimately fixed by the price of wheat In the" world, and that tho world's price is adjuotod nnd made nt Liverpool by the relation of the uupply of the exported wheat to the demand for It by countries which do not raise enough to supply tholr people. "It may bo that the free admission of wheat from the United States Into Canada will increase to some extent the prlco to tho Canadian farmer, but It will not decrease the price pnld to tho American farmer becauso It will not decrease tho demand upon life American farmer for his wheat. "The diversion from British and European markets to tho markets of tho United Statos of twenty to forty million bushels of Canadian wheat annually an-nually would not only strengthen the wheat market abroad, but would furnish fur-nish tho American mills with a needed complement of wheat which the world would require Just as It has In tho past, but It would then be In the shapo of Amorlcan-made flour. Tho effect of tho Increased whoat supplies would bo to reduco tho cost of manu facturlng flour In Just the ratio that tho mills were ablo thereby to increase in-crease their output. "This reduced cost of production would enable tho mills to regain In the. foreign market tho elghtcon to twenty million barrels of flour sold In foreign trndo annually ton yoars ago, but which In recent years has fallon to loss than ten million barrels. "Tho American grown wheat would not bo decreaood In value In the slightest, but, on the contrary, because of Increased marketing facilities and fullor tlmo operation, the mills would be In bettor position to nbsorb Increased In-creased quantities of American grown wheat. "Whorcver the probable course of trado under reciprocity is analyzed as to Its effect on farm products In which Canada can compete, tho conclusions vary but slightly from those reached with respect to whoat. As to barley and oats, the next roost Important grains llkoly to cntor Into our international inter-national exchange under reciprocity, the quality of tho Canadian products will commend them to our use. "Their appearance In tho American Ameri-can market may cause their substitution substitu-tion to somo extent for our own similar simi-lar products, but such substitution would mean just so much elimination of Canada's products from tho markets mar-kets of the world. Tholr placo nocda to bo filled nnd ;ho supply for this purpose, would mo6t naturally como from Ihc United Stntes, thus enlarging enlarg-ing our own foreign outlet for thoso grains "I am moat earnestly hopeful that tho Canadian reciprocity agreoment will pass tho senate and will bo confirmed con-firmed by tho Canadian parliament I am hopeful of this, not for political reasons, because tho responsibility and tho crodlt for It will not bo wholly whol-ly with any one political party The Democrats of tho house and tho Democrats Dem-ocrats of the senate should have tholr full measure of pralso for Its adoption adop-tion Bhould it hecomo a law "Tho present treaty looks to relieving reliev-ing tho business of the United States with Canada by HWng a burden of nearly $1,000,000 as a customs tax on our oxports to- Canada, and a consequent conse-quent great Incroase In those exports It looks to the Introduction of products prod-ucts tiilch we need In this country. It will add greatly to tho prosperity and growth of Canada, and as Canada grows, her consuming power becomes greater and our trndo with her will necessarily Increase. "Such a result by such a method under un-der Bucb conditions Is, according to good Republican doctrine, and I urgently ur-gently ask the support of an Intelligent, Intelli-gent, progressive organization llko thlB In aligning tho whole Ropubllcan party In Us support." on . |