Show AFT TAFT HALF AMUSED OTHER OIliER HALF ALP ANGRY AN RY Learned ned That at His is Remarks at Ada a Ohio Oh o Had Been Used as Basis jar jor or Panic Talk Talk I f D p Juno 3 President Taft was half haIr amused half haIr angry when he be L learned today that a reference to business conditions in his speech be ho forc ore the students of the Ohio Northern university at Ada Ohio had been made the excuse for rumors in Wall street of a panic to come some time inthe in inthe inthe the next ten years Mr Taft was telling tho the young graduates before him what they might expect in life as to business pursuits and the tle various professions To those who proposed to go into business he merely gave voice to cautionary advice that conditions of prosperity must not be expected always The President regarded hi his remarks remark as entirely casual C ual This Thill In Is what the President sold Mid to the graduates In the first place let UK us take the business situation It le III of oC courser course Im Impo Impossible possible po to expect that the enormous growth In trade shall ahan continue In the proportion In which we have bave seen It expand during the Ule lost last ten years and it is reasonable to suppose that at some sometime sometime time within tho the next decade there thre will willbe willbe be some reaction or some HOme financial stringency or perhaps a 8 financial panic Nevertheless the la regress progress p that has haR been made 10 I real and There may be a R halt there may he lie a Ati scaling of or values but these t we have had from time to time followed by a 8 recovery which indicated only a mo momentary momentary momentary lapse After having spent most mot of oC the Ule day da at Ada 0 O where ere he ho addressed ed the graduating das class of the Ohio Northern university the tho President was the guest Continued ct on lal Two Tiro T TAFT AfT HALF AMUSED OTHER HALF ANGRY ff Continued From Page One of honor at Bt the banquet at tho the board of commerce tonight Detroit r i on To get tho the President to Toledo time the last hours run from Into this cl city was Vas made at an average of from 67 1 to 70 0 miles mites an hour President Taft spent pent the night hero where and leaves tomorrow for Monroe the tho forenoon he speaks at the during of unveiling of the equestrian statue Custer In the afternoon the tho General of ofa ofa ofa President will attend the dedication tho a tablet at Jackson to commemorate founding tou of the Republican party President Tarts Taffs speech at the ban banquet banquet banquet tonight was extemporaneous Tho rho President took up the Ufe subject of ot the conservation of natural resources We he began and then hesitated That Is wrong he added for I have not yet had a 0 chance to exercise my constitutional function I should say 11 they are aro doing a number of or things In Congress and I 1 hope they will wilt do something final before Ilie summer Is ended I 1 cant discuss to tonight tonight night all aU they are doing but will say something about conservation Announced rn passage of Dill DillI I 1 am glad triad to announce to you that I have hav Just learned that the railroad bill has haa Just passed the tho Senate enate The President was interrupted by an outburst of 0 applause with that im important Important important legislation put out of or tile the way oy I hope the Senate will find a way to take up at an early date dato tho the conserva conservation conservation conservation tion measures The Tho President said he ho hoped first of or all aU for a law definitely ratifying the right of the executive to withdraw power sites and various arlous classes of ot pub public public public lic land from entry under the tho home homestead homestead homestead stead law pending lel for their disposition under various restrictions To use uso a good goad old English expression expression sion he said we will soon be In a amess amess amoss mess moss if it we dont S The President declared that In con conservation as a In other matters of or gov government government government it Is necessary to be practical cal There are no altruists altruist In this coun country country country try or any an other who aro are going to In Invest Invest Invest vest their money mone merely to gratify a theory he ho said Bald We will have to of offer for fer r r to private capital Ute the prospect of or ofa ora a fair profit If development Is to come Conditions In Alaska Al as ka far for instance do not speak well for us They are arc paying 10 and 12 a ton for coal up there when there thero is an abundance to bo be mined right at their doors Ve ought to stir ourselves and da do something to hold out this wealth that nature has ball bestowed upon us so that we ourselves may enjoy It and end that we may secure it to posterity But certainly we wo should not shut shutout shutout shutout out the present generation entirely in dealing with our natural wealth |