Texas Almanac and State Industrial Guide 1912 Page: 53
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REPUBLICAN PLATFORM. 53
people upon the renewed evidence
of American supremacy, and hail
with confidence the signs now
manifest of a complete restoration
of business prosperity in all lines
of trade, commerce and manufac-
turing.
Republican Legislation.
Since the election of William Mc-
Kinley, in 1896, the people of this
country have felt anew the wis-
dom of intrusting to the Repub-
lican party through decisive ma-
jorities the control and direction
of National legislation.
The many wise and progressive
measures adopted at recent ses-
sions of Congress have demonstrat-
ed the patriotic resolve of Repub-
lican leadership in the legislative
department to keep step in the for-
ward march toward better govern-
mient.
Notwithstanding the Indefens-
ible filibustering of a Democratic
minority in the House of Repre-
sentatives during the last ses-
sion, many wholesome and pro-
gressive laws were enacted, and we
especially commend the passage of
the Emergency Currency bill; the
appointment of the National mone-
tary commission; the employers'
and Government liability laws; the
measures for the greater efficiency
of the army and navy; the widows'
pension bill; the child labor law
for the District of Columbia; the
new statutes for the safety of
railroad enginers and firemen, and
many other acts conserving the
public welfare.
Tariff Pledges.
The Republican party declares
unequivocally for a revision of the
tariff by a special session of Con-
gress immediately following the
inauguration of the next Presi-
dent, and commends the steps al-
ready taken to this end in the
work assigned to the appropriate
committees of Congress, which are
now investigating the operation
and effect of existing schedules.
In all tariff legislation the true
principle of protection is best
maintained by the imposition of
such duties as will equal the dif-
ference between the cost of pro-
duction at home and abroad, to-
gether with a reasonable profit to
American industries. We favor the
establishmemnt of maximum and
minimum rates to be administered
by the President under limitations
fixed in the law, the maximum
to be available to meet discrimina-
tions by foreign countries against
American goods entering their
markets, and the minimum to rep-
resent the normal measure of pro-
tection at home; the aim and pur-
pose of this Republican policy be-
ing not only to preserve, withoutexcessive duties, that security
against foreign competition to
which American manufacturers,
farmers and producers are enti-
tled, but also to maintain the
high standard of living of 'the
wage earners of this country, who
are the most direct beneficiaries
of the protective system. Between
the United States and the Philip-
pines we believe in a free inter-
change of products with such lim-
itations as to sugar and tobacco as
will afford adequate protection to
domestic interests.
Cnrrency.
We approve the emergency meas-
ures adopted by the Government
during the recent financial dis-
turbance, and especially commend
the passage by Congress at the
last session of the law designed
to protect the country from a rep-
etition of such stringency. The
Republican party is committed to
the development of a permanent
currency system, responding to
our greater needs, and the ap-
pointment of the National Mone-
tary commission by the present
Congress, which will impartially
investigate all proposed methods,
insures the early realization of
this purpose. The present curren-
cy laws have fully justified their
adoption, but an expanding com-
merce, a marvelous growth in
wealth and population, multiply-
ing the centers of distribution, in-
creasing the demand for the move-
ment of crops in the West and
South an entailing periodic chages
in monetary conditions, disclose
adaptable system. -Such a system
must meet the requirements of ag-
riculturists, manufacturers, mer-
chants and business men general-
ly, must be automatic in opera-
tion, minimizing the fluctuations
in iterest rates, and, above all,
must be in harmony with that Re-
publican doctrine which insists
that every dollar shall be based
upon and as good as gold.
Postal Savings.
We favor the establishment of
a postal savings bank system for
the convenience of the people and
the encouragement of thrift.
Trusts.
The Republican party passed the
Sherman anti-trust law over Dem-
ocratic opposition, and enforced
it after Democratic dereliction. It
has been a wholesome instrument
for good in the hands of a wise
and fearless administration. But
experience has shown that its ef-
fectiveness can be strengthened
and its real objects better attained
by such amendments as will give
to the Federal Government greater
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Texas Almanac and State Industrial Guide 1912, book, January 1912; (https://texashistory.unt.edu/ark:/67531/metapth123782/m1/63/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.