Presidents -- United States -- Messages; United States -- Politics and government -- Sources
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.
Public-domain text, read in full here on John Shaqi.
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