THE TARIFF
We reaffirm our belief in a
protective tariff. The Republican tariff policy has been of the greatest benefit to the
country, developing our resources, diversifying our industries, and protecting our workmen
against competition with cheaper labor abroad, thus establishing for our wage-earners the
American standard of living. The protective tariff is so woven into the fabric of our
industrial and agricultural life that to substitute for it a tariff for revenue only would
destroy many industries and throw millions of our people out of employment. The products
of the farm and of the mine should receive the same measure of protection as other
products of American labor.
We hold that the import duties
should be high enough, while yielding a sufficient revenue, to protect adequately American
industries and wages. Some of the existing import duties are too high, and should be
reduced. Readjustment should be made from time to time to conform to changing conditions
and to reduce excessive rates, but without injury to any American industry. To accomplish
this correct information is indispensable. This information can best be obtained by an
expert commission, as the large volume of useful facts contained in the recent reports of
the Tariff Board has demonstrated.
The pronounced feature of modem
industrial life is its enormous diversification. To apply tariff rates justly to these
changing conditions requires closer study and more scientific methods than ever before.
The Republican party has shown by its creation of a Tariff Board its recognition of this
situation, and its determination to be equal to it. We condemn the Democratic party for
its failure either to provide funds for the continuance of this board or to make some
other provision for securing the information requisite for intelligent tariff legislation.
We protest against the Democratic method of legislating on these vitally important
subjects without careful investigation.
We condemn the Democratic tariff
bills passed by the House of Representatives of the Sixty-second Congress as sectional, as
injurious to the public credit, and as destructive to business enterprise. |