There is no disposition among any of our people to promote prohibitory or retaliatory legislation.  Our policies are adopted not to the hurt of others, but to secure for ourselves those advantages that fairly grow out of our favored position as a nation.  Our form of government, with its incident of universal suffrage, makes it imperative that we shall save our working people from the agitations and distresses which scant work and wages that have no margin for comfort always beget.  But after all this is done it will be found that our markets are open to friendly commercial exchanges of enormous value to the other great powers.

From the time of my induction into office the duty of using every power and influence given by law to the executive department for the development of larger markets for our products, especially our farm products, has been kept constantly in mind, and no effort has been or will be spared to promote that end.  We are under no disadvantage in any foreign market, except that we pay our workmen and workwomen better wages than are paid elsewhere—­better abstractly, better relatively to the cost of the necessaries of life.  I do not doubt that a very largely increased foreign trade is accessible to us without bartering for it either our home market for such products of the farm and shop as our own people can supply or the wages of our working people.

In many of the products of wood and iron and in meats and bread-stuffs we have advantages that only need better facilities of intercourse and transportation to secure for them large foreign markets.  The reciprocity clause of the tariff act wisely and effectively opens the way to secure a large reciprocal trade in exchange for the free admission to our ports of certain products.  The right of independent nations to make special reciprocal trade concessions is well established, and does not impair either the comity due to other powers or what is known as the “favored-nation clause,” so generally found in commercial treaties.  What is given to one for an adequate agreed consideration can not be claimed by another freely.  The state of the revenues was such that we could dispense with any import duties upon coffee, tea, hides, and the lower grades of sugar and molasses.  That the large advantage resulting to the countries producing and exporting these articles by placing them on the free list entitled us to expect a fair return in the way of customs concessions upon articles exported by us to them was so obvious that to have gratuitously abandoned this opportunity to enlarge our trade would have been an unpardonable error.