Another essential for any community is perseverance in the economic policy which for a course of years is found best fitted to its peculiar needs. The question of combining such fixedness of economic policy as regards the tariff, while at the same time allowing for a necessary and proper readjustment of duties in particular schedules, as such readjustment becomes a matter of pressing importance, is not an easy one. It is perhaps too much to expect that from the discussion of such a question it would be possible wholly to eliminate political partisanship. Yet those who believe, as we all must when we think seriously of the subject, that the proper aim of the party system is after all simply to subserve the public good, can not but hope that where such partisanship on a matter of this kind conflicts with the public good it shall at least be minimized. It is all right and inevitable that we should divide on party lines, but woe to us if we are not Americans first, and party men second. What we really need in this country is to treat the tariff as a business proposition from the standpoint of the interests of the country as a whole, and not from the standpoint of the temporary needs of any political party. It surely ought not to be necessary to dwell upon the extreme unwisdom, from a business standpoint, from the standpoint of national prosperity, of violent and radical changes amounting to the direct upsetting of tariff policies at intervals of every few years. A nation like ours can adjust its business after a fashion to any kind of tariff. But neither our nation nor any other can stand the ruinous policy of readjusting its business to radical changes in the tariff at short intervals. This is more true now than ever it was before, for owing to the immense extent and variety of our products, the tariff schedules of to-day carry rates of duty on more than four thousand articles. Continual sweeping changes in such a tariff, touching so intimately the commercial interests of the nation which stands as one of the two or three greatest in the whole industrial world, can not but be disastrous. Yet on the other hand where the industrial needs of the nation shift as rapidly as they do with us, it is a matter of prime importance that we should be able to readjust our economic policy as rapidly as possible and with as little friction as possible to these needs.
We need a scheme which will enable us to provide a reapplication of the principle to the changed conditions. The problem therefore is to devise some method by which these shifting needs can be recognized and the necessary readjustments of duties provided without forcing the entire business community, and therefore the entire nation, to submit to a violent surgical operation, the mere threat of which, and still more the accomplished fact of which, would probably paralyze for a considerable time all the industries of the country. Such a radical action might very readily reproduce the conditions from which we suffered nine years ago, in 1893. It is on every account most earnestly to be hoped that this problem can be solved in some manner into which partisanship shall enter as a purely secondary consideration, if at all; that is, in some manner which shall provide for an earnest effort by non-partisan inquiry and action to secure any changes the need of which is indicated by the effect found to proceed from a given rate of duty on a given article; its effect, if any, as regards the creation of a substantial monopoly; its effect upon domestic prices, upon the revenue of the government, upon importations from abroad, upon home productions, and upon consumption. In other words, we need to devise some machinery by which, while persevering in the policy of a protective tariff, in which I think the nation as a whole has now generally acquiesced, we would be able to correct the irregularities and remove the incongruities produced by changing conditions, without destroying the whole structure. Such machinery would permit us to continue our definitely settled tariff policy, while providing for the changes in duties upon particular schedules which must inevitably and necessarily take place from time to time as matters of legislative and administrative detail. This would secure the needed stability of economic policy which is a prime factor in our industrial success, while doing away with any tendency to fossilization. It would recognize the fact that, as our needs shift, it may be found advisable to alter rates and schedules, adapting them to the changed conditions and necessities of the whole people; and this would be in no wise incompatible with preserving the principle of protection, for belief in the wisdom of a protective tariff is in no way inconsistent with frankly admitting the desirability of changing a set of schedules, when from any cause such change is in the interests of the nation as a whole—and our tariff policy is designed to favor the interests of the nation as a whole and not those of any particular set of individuals save as an incident to this building up of national well-being. There are two or three different methods by which it will be possible to provide such readjustment without any shock to the business world. My personal preference would be for action which should be taken only after preliminary inquiry by and upon the findings of a body of experts of such high character and ability that they could be trusted to deal with the subject purely from the standpoint of our business and industrial needs; but, of course, Congress would have to determine for itself the exact method to be followed. The Executive has at its command the means for gathering most of the necessary data, and can act whenever it is the desire of Congress that it should act. That the machinery for carrying out the policy above outlined can be provided I am very certain, if only our people will make up their minds that the health of the community will be subserved by treating the whole question primarily from the standpoint of the business interests of the entire country, rather than from the standpoint of the fancied interests of any group of politicians.
Of course in making any changes we should have to proceed in accordance with certain fixed and definite principles, and the most important of these is an avowed determination to protect the interests of the American producer, be he business man, wage-worker, or farmer. The one consideration which must never be omitted in a tariff change is the imperative need of preserving the American standard of living for the American workingman. The tariff rate must never fall below that which will protect the American workingman by allowing for the difference between the general labor cost here and abroad, so as at least to equalize the conditions arising from the difference in the standard of labor here and abroad—a difference which it should be our aim to foster in so far as it represents the needs of better educated, better paid, better fed, and better clothed workingmen of a higher type than any to be found in a foreign country. At all hazards, and no matter what else is sought for or accomplished by changes of the tariff, the American workingman must be protected in his standard of wages, that is, in his standard of living, and must be secured the fullest opportunity of employment. Our laws should in no event afford advantage to foreign industries over American industries. They should in no event do less than equalize the difference in conditions at home and abroad. The general tariff policy to which, without regard to changes in detail, I believe this country to be irrevocably committed, is fundamentally based upon ample recognition of the difference in labor cost here and abroad; in other words, the recognition of the need for full development of the intelligence, the comfort, the high standard of civilized living and the inventive genius of the American workingman as compared to the workingman of any other country in the world.
AT THE BANQUET OF THE CHAMBER OF COMMERCE OF THE STATE OF NEW YORK, AT NEW YORK, NOVEMBER 11, 1902
Mr. President, Gentlemen, and you, the Guests, whom we welcome here this evening:
I do not wish to speak to you in the language of idle compliment, and yet it is but a bare statement of fact to say that nowhere in our country could there be gathered an audience which would stand as more typically characteristic than this of all those qualities and attributes which have given us of the United States our commanding position in the industrial world. There is no need of my preaching to this gathering the need of combining efficiency with upright dealing, for as an American and as a citizen of New York I am proud to feel that the name of your organization carries with it a guarantee of both; and your practice counts for more than any preaching could possibly count. New York is a city of national importance, because its position toward the Nation is unique, and the Chamber of Commerce of New York must of necessity be an element of weight in the commercial and industrial welfare of the entire people. New York is the great port of entry for our country—the port in which centres the bulk of the foreign commerce of the country—and her welfare is therefore no matter of mere local or municipal, but of national, concern. The conduct of the Government in dealing with all matters affecting the financial and commercial relations of New York must continually take into account this fact; and it must be taken into account in appreciating the importance of the part played by the New York Chamber of Commerce.
This body stands for the triumphs of peace both abroad and at home. We have passed that stage of national development when depreciation of other peoples is felt as a tribute to our own. We watch the growth and prosperity of other nations, not with hatred or jealousy, but with sincere and friendly good-will. I think I can say safely that we have shown by our attitude toward Cuba, by our attitude toward China, that as regards weaker powers our desire is that they may be able to stand alone, and that if they will only show themselves willing to deal honestly and fairly with the rest of mankind we on our side will do all we can to help, not to hinder, them. With the great powers of the world we desire no rivalry that is not honorable to both parties. We wish them well. We believe that the trend of the modern spirit is ever stronger toward peace, not war; toward friendship, not hostility, as the normal international attitude. We are glad indeed that we are on good terms with all the other peoples of mankind, and no effort on our part shall be spared to secure a continuance of these relations. And remember, gentlemen, that we shall be a potent factor for peace largely in proportion to the way in which we make it evident that our attitude is due, not to weakness, not to inability to defend ourselves, but to a genuine repugnance to wrongdoing, a genuine desire for self-respecting friendship with our neighbors. The voice of the weakling or the craven counts for nothing when he clamors for peace; but the voice of the just man armed is potent. We need to keep in a condition of preparedness, especially as regards our navy, not because we want war, but because we desire to stand with those whose plea for peace is listened to with respectful attention.
Important though it is that we should have peace abroad, it is even more important that we should have peace at home. You, men of the Chamber of Commerce, to whose efforts we owe so much of our industrial well-being, can, and I believe surely will, be influential in helping toward that industrial peace which can obtain in society only when in their various relations employer and employed alike show not merely insistence each upon his own rights, but also regard for the rights of others, and a full acknowledgment of the interests of the third party—the public. It is no easy matter to work out a system or rule of conduct, whether with or without the help of the lawgiver, which shall minimize that jarring and clashing of interests in the industrial world which causes so much individual irritation and suffering at the present day, and which at times threatens baleful consequences to large portions of the body politic. But the importance of the problem can not be overestimated, and it deserves to receive the careful thought of all men such as those whom I am addressing to-night. There should be no yielding to wrong; but there should most certainly be not only desire to do right but a willingness each to try to understand the viewpoint of his fellow, with whom, for weal or for woe, his own fortunes are indissolubly bound.
No patent remedy can be devised for the solution of these grave problems in the industrial world; but we may rest assured that they can be solved at all only if we bring to the solution certain old-time virtues, and if we strive to keep out of the solution some of the most familiar and most undesirable of the traits to which mankind has owed untold degradation and suffering throughout the ages. Arrogance, suspicion, brutal envy of the well-to-do, brutal indifference toward those who are not well-to-do, the hard refusal to consider the rights of others, the foolish refusal to consider the limits of beneficent action, the base appeal to the spirit of selfish greed, whether it take the form of plunder of the fortunate or of oppression of the unfortunate—from these and from all kindred vices this Nation must be kept free if it is to remain in its present position in the forefront of the peoples of mankind. On the other hand, good will come, even out of the present evils, if we face them armed with the old homely virtues; if we show that we are fearless of soul, cool of head, and kindly of heart; if, without betraying the weakness that cringes before wrongdoing, we yet show by deeds and words our knowledge that in such a government as ours each of us must be in very truth his brother’s keeper.
At a time when the growing complexity of our social and industrial life has rendered inevitable the intrusion of the State into spheres of work wherein it formerly took no part, and when there is also a growing tendency to demand the illegitimate and unwise transfer to the government of much of the work that should be done by private persons, singly or associated together, it is a pleasure to address a body whose members possess to an eminent degree the traditional American self-reliance of spirit which makes them scorn to ask from the government, whether of State or of Nation, anything but a fair field and no favor; who confide not in being helped by others, but in their own skill, energy, and business capacity to achieve success. The first requisite of a good citizen in this Republic of ours is that he shall be able and willing to pull his weight—that he shall not be a mere passenger, but shall do his share in the work that each generation of us finds ready to hand; and, furthermore, that in doing his work he shall show not only the capacity for sturdy self-help but also self-respecting regard for the rights of others.