Presidential addresses and state papers, Volume 3 (of 7)Roosevelt, Theodore
History
Presidential addresses and state papers, Volume 3 (of 7)
Roosevelt, Theodore
Roosevelt, Theodore, 1858-1919; United States -- Politics and government -- 1901-1909
It is a matter of regret that the protective tariff policy, which,
during the last forty-odd years, has become part of the very fibre of
the country, is not now accepted as definitely established. Surely we
have a right to say that it has passed beyond the domain of theory, and
a right to expect that not only its original advocates but those who
at one time distrusted it on theoretic grounds should now acquiesce
in the results that have been proved over and over again by actual
experience. These forty-odd years have been the most prosperous years
this Nation has ever seen; more prosperous years than any other nation
has ever seen. Beyond question this prosperity could not have come if
the American people had not possessed the necessary thrift, energy, and
business intelligence to turn their vast material resources to account.
But it is no less true that it is our economic policy as regards the
tariff and finance which has enabled us as a nation to make such good
use of the individual capacities of our citizens, and the natural
resources of our country. Every class of our people is benefited by
the protective tariff. During the last few years the merchant has seen
the export trade of this country grow faster than ever in our previous
history. The manufacturer could not keep his factory running if it
were not for the protective tariff. The wage-worker would do well
to remember that if protection is “robbery,” and is to be punished
accordingly, he will be the first to pay the penalty; for either he
will be turned adrift entirely, or his wages will be cut down to the
starvation point. As conclusively shown by the bulletins of the Bureau
of Labor, the purchasing power of the average wage received by the
wage-worker has grown faster than the cost of living, and this in
spite of the continual shortening of working hours. The accumulated
savings of the workingmen of the country, as shown by the deposits
in the savings banks, have increased by leaps and bounds. At no time
in the history of this or any other country has there been an era so
productive of material benefit alike to workingman and employer as
during the seven years that have just passed.
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