Show INAUGURAL I ADDRESS Of PRESIDENT William H Taft T ft Outlines His Plans During His Four Years in Office EXPECTS TO CLINCH THE POLICIES OF ROOSEVELT MANY IMPORTANT QUESTIONS MENTIONED BUT SUT NO BEATING OF DRUMS OR FIREWORKS My Fellow Citizens Any one ne who takes the oath I have Just taken must feel a heavy weight of responsibility If It not he has no concep conception conception tion of af the powers and duties of the of office Lice fice upon which ho Is la about to enter or he is lacking in a proper sense of the ob obligation obligation which the oath Imposes The office of an address 18 Ii to togie give gie a summary outline of the main poli poll policies policies cies cbs of the new administration so far as they can be br anticipated I 1 have had the honor to be one ono of the advisers of my ray distinguished predecessor and as such to hold up his hands in the reforms he has initiated I should be untrue to my myself myself myself self to my promises and to tho the declara declarations of the party platform upon which I 1 Iwas IWas was elected to office if I did not make the maintenance and enforcement of reforms a most Important feature of my administration Tty They were directed to the suppression of the tho lawlessness and abuses of power of the great bleat combinations of capital invested in railroads and in Industrial enterprises carrying on inter interstate Interstate state commerce The steps which my predecessor took ani the legislation passed on nn his recommendation have ac nc accomplished much have caused a general halt in the vicious policies which created popular alarm and have brought about In Inthe Inthe inthe the business affected a much higher re regard regard gard sard for existing law To render the reforms lasting however and to secure at the same time freedom from alarm on tho the part of those pursuing pursuing ing ins proper and anti progressive pro business meth metti methods mettiS S otis further legislative and executive ac action action action tion are needed Relief of the railroads from certain restrictions of the anti antl antitrust f trust law have been urged by my 9 predecessor and will be urged by 4 me mc On the other hand the admin f 4 is pledged to legislation 9 f 4 looking to a proper federal f 9 4 9 sion slon and restriction to prevent 4 f Give alvo issues of bonds and stocks by f 4 ff 9 f companies owning and operating In Interstate 9 4 4 commerce commer railroads f 4 Reorganization Necessary Then too a reorganization of the de do department department of justice of ot the bureau of cor corporations corporations in the department of commerce and labor and of the Interstate commerce i looking to effective coop cooperation ration cration of these agencies is needed to so se soi i lire ure a more mere rapid and certain enforce enforcement meat ment of the laws affecting Interstate rall rail ralli i ads and Industrial combinations I hope to be able to submit at the first regular gular r session of the incoming congress in December next definite suggestions in respect to the needed amendments to the theE ther r E and the interstate commerce law li iw v and the changes required d in the ex r ct departments concerned in their t It Is believed that with witt the changes to toor tobe or bf recommended American business can be b ae of that measure of stability and certainty in respect to those things be done and anI those tho e that are pro 1 I which is I essential e to the life lire and gio th of or all business Such a plan must im lude the right of fJ the people to avail aall themselves of those methods of combining i r and effort deemed necessary to toaCh reach rach aCh the highest degree of economic of effi eff effii fi i hey ncy at th the same amp l time differentiating between combinations based bused upon legitimate legitimate mate economic reasons and those formed with the Intent of creating monopolies and artificially controlling prices f 4 The work of formulating Into practical 4 9 f shape shap such changes is creative f 4 4 work of the highest order and re requires 4 f ff f quires all the deliberation possible in inthe 9 f ff f the Interval I 1 believe that thet the f ff 4 f amendments to be proposed are Just 4 4 4 9 aa WI a necessary in the protection prote of le Ic Ics 4 4 s business as lS in the clinching 4 4 4 of the reforms which properly bear 4 4 the name of my 01 predecessor 4 9 Revision of the Tariff A matter of most pressing importance Is the revision of the Ip In accord accordance accordance ance with the promises of the platform upon which I was elected I shall call cull congress Into extra session to meet on the day of March in order that con consideration consideration COnsideration may be given at once to a bill revising the DIngley act This should se secure secure e cure an adequate revenue and adjust the duties in such a manner as WI to afford to labor and to all industries in this coun country country country try whether of the farm mine or inc fac factory tory protection by tariff thrift equal to the difference between the cost of production abroad and the cost of production here and have a provision which shall put into f ree upon executive determination oi of o certain facts a higher or maximum tariff against those countries whose policy polley to toward toward toward ward us equitably requires such discrimination discrimInation discrimination It is thought that t tt e has been such a change in o the en enactment enactment of ot the ted on a similarly protective principle that the measure of the tariff above stated will permit the reduction of rates In certain schedules and will require the advance advancement advancement ment mont of few if any The proposal to revise the tariff made in such an authoritative way as to lead the business community to count upon it necessarily halts baits all those branches of business directly affected and as these are most Important it disturbs the whole business of the country It is imperative imperatively ly necessary therefore that a tariff bill billbe te be drawn In good faith In accordance with promises made before the election by bythe b bythe the toe party In power and as promptly passed as due consideration will permit It Is not that the tariff is more import important I ant in the long run than the tue perfecting I of the reforms in respect to antitrust legislation and interstate commerce commeree reg regulation regulation regulation but the need for tor action when the revision of the tariff has been determined upon Is la more mor immediate to avoid em embarrassment embarrassment of business To secure the needed speed in the passage of the tariff bill it would seem wise to attempt no other legislation at the extra session 1 I venture this as a suggestion only for the course to be taken by congress upon the call of the executive Is wholly within its Us discretion Tariff for Revenue In the making of a tariff bill the prime motive is taxation and the securing thereby of a revenue Due largely to the business depression which followed me the financial panic of 1007 the revenue from customs custom and other sources s has decreased to such an extent that the expenditures for the current fiscal year ear will exceed the receipts by It Is Imperative that such a deficit shall not continue and the framers of the tariff bill must of course have in mind the total revenues likely to in be produced by It and so ar arrange arrange arrange range the duties as to secure an adequate income Should it be impossible to do so soby soby soby by import duties new kinds of taxation must be adopted and among these I rec a graduated inheritance tax as correct in principle and as certain and easy of collection The obligation on the part of those re ze responsible for the expenditures made to cerry carry on the he government to be as eco economical economical economical as possible pot Sible and amI to make the bur burden burden burden den of taxation as light as possible is ia plain and should be affirmed in every declaration of government policy This is especially truo true when we are face aCt to face with a heavy deficit But when the desire to win the popular approval leads to the cutting off of expenditures really needed to maIm mako the government effective and to enable it to accomplish Its Us proper ob oh objects jetts je ts the result is as much to be Iw con condemned condemned condemned as the waste of government funds in unnecessary expenditure The scope ot of ota ofa ota a modern government in what it can and antl ought to accomplish for its people has lias hasken been ken widened far beyond the principles laid down by b the old faire school of political writers and this widening wl has hasmet hasmet hasmet met popular approval Science of Agriculture In the department of ot agriculture the use of scientific experiments on a large scale and the spread of Information de derived derived derived rived from them for the tho improvement of or general agriculture must go on The Importance of supervising business of great railways and industrial combi combinations combinations combinations nations and the necessary investigation end and prosecution of unlawful business methods are another necessary necel sar tax upon Upil government which did not exist half a century ago The Tho putting into force of laws which shall secure the conservation of our re resources resources resources sources so far as they may ma be within 1 thin the jurisdiction of the federal government I including the most important work of sav say saving saying I ing and restoring our forests and the great improvement of waterways are all proper government functions which must involve large expenditure if properly per performed performed performed formed While some of them like the reclamation of arid lands are arc made to t 1 pay for themselves others are of such uch an indirect benefit that this cannot be te expected of them A permanent ment like the Panama canal should he bt treated as a distinct enterprise and should shourd be paid for by the proceeds of bonds the issue of which will distribute its cost between the present and future n ra rations in accordance with ith the benefits benefit de derived derived derived rived It may well be submitted to the serious consideration of congress whether the deepening and control of the chan ehan channel channel nel of a great bleat river rier system like that of the Ohio or of the Mississippi when definite definite nite and practical pr plans for the ei es have been approved and deter determined det determined r mined upon should not be provided for forin forin forIn in the same way waI wn I Army and nd Navy Policy Then too there are expenditures of government absolutely necessary If our country countr is to maintain its proper place among the nations of ot the world ant is isto Isto isto to exercise Its proper influence in defense of its own trade interests In the thc main nain maintenance of traditional American policy poll y against the colonization of European mon monarchies monarchies monarchies archies In this hemisphere and in the promotion of peace and International mor morality allt I refer to the cost of maintaining a proper army arm a proper navy and suit suitable suitable suitable able fortifications upon the mainland of the Ignited States and in Its dependencies cies des We VI have an army arm so f organized DISAPPEARED Coffee Ails Vanish Before It seems almost too good to be true truc the way headache nervousness Insomnia i lIla nia and many meny other obscure troubles i ivanish vanish when coffee Is dismissed and used as the regular table bev beverage beverage beverage The reason Is clear Coffee contains a poisonous drug caffeine which causes the trouble but contains only the food elements in clean hard wheat with a little New Orleans molasses A Philadelphia man grew enthusiastic tic tie recently and md wrote as follows Until eighteen months ago I used coffee cartee regularly every day and suffered from headache bitter taste In my mouth and Indigestion was bloomy and had variable or absent appetite loss of flesh depressed in inspirits Inspirits Inspirits spirits etc et etI I 1 attribute these the e things to coffee because since I have drank I feel better than I had for twenty years am less susceptible to cold have haye gained twenty pounds pound and all the above symptoms toms tome have disappeared vanished before Theres a Reason Benson Name given by Co Battle Creek oUch Mich Read The Tho Road to Well Weil yule in S of or I Ever read the above letter Ietter A new I one appears from time to time They are genuine true truc and full of human I interest j and nd so officered ar aw to be capable In time of or emergency In cooperation With the he national milita and under the provisions of f a proper national volunteer law rap rapidly rapidly idly to expand into a force sufficient to resist all probable invasion from abroad and to furnish a respectable expedition expeditionary ary Cr al force if necessary In the maintenance of our traditional American policy which bears the name Dam of ot President Fre Monroe Our fortifications are yet in a state of only partial completeness antI and the num number ber ter of men to man them is Insufficient In a few years ears the usual an annual annual annual nual appropriations for our coast defenses both on the mainland and in the dependencies dependencies will make them sufficient to re ye resist all direct attack and by that time we may hope that the men to man them will be he provided pr as a necessary adjunct The distance of ot our shores from Europe and Asia of course reduces the necessity of maintaining under arms arnie a great army arm but it does not take away the require requirements ments meats of mere prudence that we should have an army sufficiently large and so constituted as to form a nucleus out of ot o which a suitable force can an quickly Quick grow Roosevelt Right What has been said of the army may maybe ma mabe mayho be ho affirmed in even a more emphatic way of the navy na A modern navy can cannot cannot an annot not be improvised It must be built and andIn andIn andIn In existence when the emergency arises which calls for Its use and operation My distinguished predecessor has in many speeches and messages set out with great groat force and striking language the necessity necesSity sity for maintaining a n strong navy nav com corn commensurate commensurate with the coast line the gov governmental governmental governmental resources and the foreign trade of our nation and I wish to reiterate all the reasons which he has presente 1 in favor faor of the policy of maintaining a strong navy as the best conservator of our peace with other nations and the best means of securing respect for the as assertion assertion assertion of our rights the defense de tense of our interests and the exercise of ot influence Influence ence in international matters Our international policy poll is always al as to promote peace p ce We Ve shall enter Into any war wita a full consciousness of the aw awful awful ful uI consequences that it always entails whether successful or not and we of course shall make every eyer effort consistent with national honor and the highest na national national Interest to avoid a resort to arms We Ye favor every Instrumentality like that of The Hague tribunal and arbitration treaties made With a view to its use ue in all International controversies In order f 9 to maintain peace Cac and nd to avoid war 4 f 9 But nut we should be blind to existing 4 4 conditions and should allow our 4 9 9 selves to become foolish Idealists if 4 4 9 we did not realize that with th all the 4 1 9 nations of the world armed and pro pre 4 4 pared pard for war we must be bo ourselves 4 9 4 in a similar condition in order to 4 4 9 prevent other nations from taking 4 4 9 advantage of us and of ot our inability 4 t tto 4 4 to defend our interests and assert 4 4 |