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because as a people we have developed high skill in the art of manufacturing; our business men are strong executives, strong organizers, In every way possible our Federal Government should co-operate in this important matter. Any one who has had opportunity to study and observe first-hand Germany’s course in this respect must realize that their policy of co-operation between Government and business has in comparatively few years made them a leading competitor for the commerce of the world. It should be remembered that they are doing this on a national scale and with large units of business, while the Democrats would have us believe that we should do it with small units of business, which would be controlled not by the National Government but by forty-nine conflicting State sovereignites. Such a policy is utterly out of keeping with the progress of the times and gives our great commercial rivals in Europe—hungry for international markets—golden opportunities of which they are rapidly taking advantage.
I very much wish that legitimate business would no longer permit itself to be frightened by the outcries of illegitimate business into believing that they have any community of interest. Legitimate business ought to understand that its interests are jeopardized when they are confounded with those of illegitimate business; and the latter, whenever threatened with just control, always tries to persuade the former that it also is endangered. As a matter of fact, if legitimate business can only be persuaded to look cool-headedly into our proposition, it is bound to support us.
There are a number of lesser, but still important, ways of improving our business situation. It is not necessary to enumerate all of them; but I desire to allude to two, which can be adopted forthwith. Our patent laws should be remodeled; patents can secure ample royalties to inventors without our permitting them to be tools of monopoly or shut out from general use; and a parcels post, on the zone principle, should be established.
THE TARIFF
I believe in a protective tariff, but I believe in it as a principle, approached from the standpoint of the interests of the whole people, and not as a bundle of preferences to be given to favored individuals. In my opinion, the American people favor the principle of a protective tariff, but they desire such a tariff to be established primarily in the interests of the wage-worker and the consumer. The chief opposition to our tariff at the present moment comes from the general conviction that certain interests have been improperly favored by over-protection. I agree with this view. The commercial and industrial experience of this country has demonstrated the wisdom of the protective policy, but it has also demonstrated that in the application of that policy certain clearly recognized abuses have developed. It is not merely the tariff that should be revised, but the method of tariff-making and of tariff administration. Wherever nowadays an industry is to be protected it should be on the theory that
