The country had no national system of road construction and
development. Little intelligent attention was paid to the army, and not
enough to the navy. The other republics of America distrusted us,
because they found that we thought first of the profits of American
investors and only as an afterthought of impartial justice and helpful
friendship. Its policy was provincial in all things; its purposes were
out of harmony with the temper and purpose of the people and the timely
development of the nation's interests.
So things stood when the Democratic Party came into power. How do they
stand now? Alike in the domestic field and in the wide field of the
commerce of the world, American business and life and industry have been
set free to move as they never moved before.
The tariff has been revised, not on the principle of repelling foreign
trade, but upon the principle of encouraging it, upon something like a
footing of equality with our own in respect of the terms of competition,
and a Tariff Board has been created whose function it will be to keep
the relations of American with foreign business and industry under
constant observation, for the guidance alike of our business men and of
our Congress.
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