Presidential addresses and state papers, Volume 2 (of 7)Roosevelt, Theodore
History
Presidential addresses and state papers, Volume 2 (of 7)
Roosevelt, Theodore
Roosevelt, Theodore, 1858-1919; United States -- Politics and government -- 1901-1909
Stability of economic policy must always be the prime economic need of
this country. This stability should not be fossilization. The country
has acquiesced in the wisdom of the protective tariff principle. It
is exceedingly undesirable that this system should be destroyed or
that there should be violent and radical changes therein. Our past
experience shows that great prosperity in this country has always come
under a protective tariff and that the country can not prosper under
fitful tariff changes at short intervals. Moreover, if the tariff laws
as a whole work well, and if business has prospered under them and is
prospering, it is better to endure for a time slight inconveniences
and inequalities in some schedules than to upset business by too quick
and too radical changes. It is most earnestly to be wished that we
could treat the tariff from the standpoint solely of our business
needs. It is, perhaps, too much to hope that partisanship may be
entirely excluded from consideration of the subject, but at least it
can be made secondary to the business interests of the country—that
is, to the interests of our people as a whole. Unquestionably these
business interests will best be served if together with fixity of
principle as regards the tariff we combine a system which will permit
us from time to time to make the necessary reapplication of the
principle to the shifting national needs. We must take scrupulous care
that the reapplication shall be made in such a way that it will not
amount to a dislocation of our system, the mere threat of which (not
to speak of the performance) would produce paralysis in the business
energies of the community. The first consideration in making these
changes would, of course, be to preserve the principle which underlies
our whole tariff system—that is, the principle of putting American
business interests at least on a full equality with interests abroad,
and of always allowing a sufficient rate of duty to more than cover
the difference between the labor cost here and abroad. The well-being
of the wage-worker, like the well-being of the tiller of the soil,
should be treated as an essential in shaping our whole economic
policy. There must never be any change which will jeopardize the
standard of comfort, the standard of wages of the American wage-worker.
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