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Show foreshadow "another era of prosportty more splendid, if possible, than that which followed the enactment ot tne Dingley law in 1897." TALKS ON PAYNE Crumpacker of Indiana Commends Tariff Measure Washington, March L'3. Declaring that tho chief commendatory feature I of the Payne tarlif bill is the placing I of certain crude, raw materials used in manufacture, on the free list, Kcp- I rcsentative Crumpacker or Indiana, the most pronounced downward revisionist revis-ionist among the Republican members of the ways and means committee, In a speech In the house today, discussed discuss-ed at great length the protection Ideas, and some of the most important schedules sched-ules in the new bill. He said that tariff blll3 are peculiarly tho result ot compromises, and ,said that he had nu doubt that the Payne bill Is a great : I improvement over the Dingley act. J "The objects of protection, " said I Mr. Cruropaeljer, "Is to stimulate do- I mestic Industries along natural lines, whore the resources of the country r.re capable of supplying the entire domestic demand, thereby creating home competition and securing to the people the comforts and accessories of life at stable and reasonable prices. "Protective duties should not be unnecessarily un-necessarily high. It Is often charged , that a protective tariff creates trusts, j Tiusts are combinations growing out of the passion of avarice, and they are j created to stifle competition and in- i crease profits. All combinations are not trusts. Trusts exist in free trade ! countries as well as in countries that maintain protective tariffs. The chiet, difference Ih, that in a free trade conn- j try, there is no tariff behind which a combination can lind shelter In Increasing In-creasing prices unjustly, and imposing I upon tho people, while in a proiectlou country. If Hie tariff Is higher than is i recessary to cover the difference In tho cost of production, combinations i m.iy degenerate into trusts and raise priccB clear to the top of tho protection protec-tion wall with entire safety. "The theory of the Tree raw material mater-ial doctrine is that It promotes the greatest development of industries, j ond gives the greatest opportunities j for the employment of capital and la- bor. Duties upon raw materials are i a handicap upon the American manu- : facturer for the export trade. They operate to protect his competitor in the neutral markets by seriously increasing in-creasing his cost of production. There 1g no treat producing country In tho world, except the United States, that doos not give its manufacturers tho benefit of free raw material." Mr. Crumpacker made a lengthy argument ar-gument In favor of free hides, asserting assert-ing that the duty on hides has increased in-creased the cost of shoes for the wage-earner wage-earner but has not created any demand de-mand for additional capital, nor ero-ntfd ero-ntfd employment tor a single additional addi-tional laborer. He said the averago fainier will derive more direct di-rect benefit in tho decreased cost of boots, shoes. harness and other leather products than ho now derives from the tariff on cattle ' hides. He proposed, as a means of expanding ex-panding our trade with South America, that .raw materials from that continent conti-nent be udrnltted free to be made Into In-to finished products in the L'nl'ed States and sold back to the South American Am-erican countries. Ho said that the I drawback provision of tho Payne bill ' will tend largely to Increase exporr , trade.. Attacking the "tariff for revenue only" policy of the Democratic party, Mr. Crumpacker declared that this was a sham and a fraud. He discussed the maximum and minimum provision.! provis-ion.! of tho Payne bill and declared It to be a wise provision. "I predict fcr this bill." said Mr. Crjmpnoker, "that If It shall be en-acted en-acted Into-law. tho sincere approval of all the people of the country who nre Intereato.l only In promoting the i reneval welfare. Following Its enactment. en-actment. I confidently look for uch i j revival of industrial activity as wu. |
