Show MR T TAFT AFT OUTLINES SPECIAL MESSAGE IO AND POINTED General Reductions Redactions in Tariff Will Be Recommended but Increases to Be Favored Where Protection Is N Needed ceded INFORMATION IS GIVEN TO STEADY CONFIDENCE Railroads Permitted T Traffic raffle Agreements Agreements' Subject to the Approval of Interstate Commerce Commerce Commerce Com Com- merce Commission IT WOULD ALLOW POOLING New York Feb 21 Only Only two subjects of immediate concern will be dealt with in inan inan inan an affirmative manner by President-elect President Taft in his message to the special session session session ses ses- sion of Congress that will assemble assemble assemble as as- March 15 These are tariff revision and tie te t e relations relax rela of the railroads to the Sherman trust anti-trust law Mr Taft told visitors who called upon him today at the residence residence resi resi- dence ence of his brother that his m message would be short but pO pointed dI He Ie freely j this advance information inthe inthe in inthe the hope thereby of steadying steadying steady steady- ing the confidence of the business business business bus bus- iness wend in the inning beginning of his administration As to the tho tariff he will strongly recommend recommend rec rec- general reductions particularly particularly larl in n the tho steel and iron schedules but will not oppose Increases ID Iv sch schedules dules where It tt can be demonstrated ed that the Industries Involved nee need additional protection He also will not object to additions to the list of ot articles now dutiable if It It shall hall b bo be developed that any American interest t Is suffering In the home market from foreign competition for tor lack of ot protection pro pro- The President elect Impressed upon his visitors his matured determination I to do everything In fn his power to hasten completion of ot tariff legislation even if It by so doing all that he may wish to accomplish in the line of ot re reductions reductions re- re may not be obtained at the lb th special session AA As to Railroad Legislation Upon the subject of ot railroad legis regie- legislation lation the tho President-elect President talked a u az frankly To one ono of ot the tho leading rain raU- road men of or the country Mr Ir Tart Taft gave the positive assurance that the only other recommendation of or importance Im im- Importance he would make would b be forthe for tor forthe I the exemption of ot common carriers from Crom the operations of the Sherman trust anti law to the tho extent of ot permitting permitting permitting per per- railroads to enter Into arrangements subject to the approval of or the Interstate commerce commis commis- sion When Mr Taft was told today by bythe bytho bytho tho the railroad man whom h he Imparted this thle Information to that the late late- Senator Sherman author of ot the ac act had told C. C E. E Perkins the president of the Burlington that the law was waa not Intended to bring the railroad under under under un un- der its penalties Mr Taft expressed gratification It was represented I to him by hIs hla railroad visitor that should I the antitrust antitrust anti anU trust act be bo rigidly enforced against the tho railroad It would b be Impossible Continued on Page Pago Nine 1 MR TAFT OUTLINES SPECIAL MESS MESSAGE GE Continued tl from front Pogo On Ono One I N for tor the tho roads to make a n. through rate i I from font competitive points or to handle llanellI I freight at Ot an agreed rat raLo over o cons cont con- con t s lines lie He was to told let that of or I 1 course the thc roads now enter Into an nn agreement for tor expediting business but butI I under the thc Sherman trust anti-trust law they I I realized the heavy risks tile the they were I I taking In e cr every instance in agreeing 1 on a rate This condition ho he was told I j greatly hampers their operation I Should Mr 1 Ir r. r Tafts Taft's recommendation be accepted b by congress the law will take effect upon Its passage and thereafter thereafter there there- after atter the railroads can resume their old pooling agreements subject to the tho approval of or tho the Interstate commerce commission lon Railroad men say this legislation will 1111 relieve the transportation tion interests of ot a serious handicap and that this relief will have ha a beneficial beneficial beneficial bene bene- effect on the thc general business of ot the countr country It Is known that powerful influences were brought to bear upon the elect dent today in regard to the appointment appointment appointment ap ap- ap- ap of or Franklin MacVeagh of or Chicago as secretary secretary- of or the tho treasur treasury |