| Show 1 II TAFT rAfT DELIVERS STIRRING Ii Y TO WAll HALL STREET j i i Before Hundreds of 01 o Cheering Republicans President tJ Answers Cry of Panic and Explains His Future Policy r B DISCUSSES FORM PLEDGES AND Arm ArmA ANDr A r INS MANNER OF THEIR KEEPING 1 C iJ Thoroughly Reviews Platform of Party P and Boldly Idly t Outlines Administrations s Intended Inte ded Treat TreatS Treatment Treatment J i I 1 11 ment of Trusts s York Fob Feb 12 If tho the enforce enforcement mont ment of 01 tho law Is not consistent with the iho present meet hod of or carrying on oi then It does doea not speak wol for he thO present method of ot conduct conductIng Ing business and they must bo chang changed cd ed to conform to t the t law This Thin was President Taft Taffs answer F to Wall t and Md Its Ita cry of panic I jt 11 via wui mado to a n cheering audience composed of or hundreds lindred of Republicans tonight at a tho the annual Lincoln f day dinner of the tho Republican club of o ol this city at the tho Waldorf Valdor Astoria Mr Ir Taft faCt adhered to 10 his purpose of or discussing platform pledges and how hos they ther should be lie It was at tho thc conclusion of a detailed argument as asto asto a ai i to how hot the tho Republican party is re roo redeeming deeming its pledges and how they thc bo ho 11 kept l That he hc came to a discussion of or the antitrust law aw and Wall street on which his utterances 3 had been waited with In Interest Interest terest Wont Run Amuck Tim The president declared that tho ad administration cl ministration would not foolishly run i amuck In business and destroy values 1 and confidence Just for fOl the pleasure of o doing so 50 soNo soNo No one oDe ho he continued baa haa the as aB a strong stron gas gags g s gibe adminis administration ration in power to cultivate and business confidence and andi i prosperity ro But Dut thero was vas no prom promise lao Iso on tho part rt of tho Republican party to change the anil antitrust trust law except to Ie 1 strengthen it Of course courso the govern mont I at ut Washington can be bo counted a on to enforce tho the law in the best way wa I calculated to Lo prevent a destruction of public confidence in business but that I It must enforce the law aw goes without j Baying i President Taft Tart did not hesitate to discuss tho attacks s that have havo been made upon tho the administration and the Ule party or danger to future success In Inthe the Iho th Insurgent movement and other dissension Democrats Demoralized R Republicans Republican who w o feared defeat at 4 the tho UI polls in November ho he declared de however should take tak courage from the demoralized condition of their op opponents opponents opi i tho the Democrats It lIt was nas Grant said the president who ho banished his hie own foar fear In bat hat battle hattit battie Ij tit tie by b thinking how bow much ill uch more afraid tho the enemy onomy was ran wasI Mr lr Ir Taft again came camo to tho the defense I or of the u tariff hilt bill He Helid I 1 lid did not hesitate he said to repeat that It substantially complied with the party pledge pled gO for thrift tariff regulation and that through this bill the party had 1 setS set itself strongly in tho the right direction t tion toward lower tariffs I Reviewing wing tho the party platform the iM president spoke of oC Postal Savings banks amendments to the interstate j commerce law tho the l T 1 i plank statehood for Arizona and New 1 Mexico and tho the conservation of or nat natural natural ural resources r bills to rrY all of which promises Into effect were pend pond pending r ing In congress and ho bo believed would J be passed pa sed Occasion Oc aslon Fitting I President Taft said saidI I Mr President gentlemen of the tho thet t f Republican club and fellow guests 1 The Th birthday of or the man whose whoso mem memory memI I ory Or wo we celebrate tonight Is an ap up appropriate aper ups s r occasion for renewing our ourI I expressions of or regret and affection for forthe forthe forthe the Republican R fIu party part and our pledges to keep tho the part which It playes in Ia inthe the thc history hll ory of or this country as high hl highan h 1 and aM an as ilS useful as It was wa during the 1 r c administration of oC Abraham Lincoln I Tho trials which ho he had hod to under undergo 1 go go as us president the tho political storms i which the tho party had to weather dur during durI I r leg ing the tho Civil war tho the divisions in the tho i party Itself between the radical anti antislavery slavery lare element clement and those who were 1 conservative In observing the thel l limitations are most In Ini inh h i reading and servo to dwarf I It t d 1 and an nd minimize the trials through which j iho hf Republican party IB Is now passing j restore r a sense of Oc proportion ti t to those who allow 0 themselves to io be br bearid daunted and arid discouraged In the face I Dr DC f a los 1055 io of popular confidence thought ht tn tO ho indicated hy by y tho tone of o tho thu thors thuin Press rs In what respect has the L can party part failed In Its ita conduct of tho the and the tho enactment of o or r laws I ws to perform Its duty dut It was nas re ic returned rei icI i turned to power a year rear ago last Nov Nor O OI 1 I rb by a very ver large largo majority after a I 1 I campaign campal n In which it St made certain I S In Its ILs platform and d those tho It lus cither substantially with or ur It Is IR about to tf put per perI t I within the present session of or t H Some Platform Pledges iI J in iI n the flue republican platform of last lat lastar latt t 1 ar IlOn which tho the as j ade appears the following In n gall i La Ib j 1 ITlie republican parly declares declare uti for or the revision of tho ti by n a special session of congress following thy thu t non nn of Hi th next ami the already taken to Lo this j k I i end outil nil In tho the work assigned to tho the al ap committees of or congress luich are ar now Investigating tho the op o oration and effect of existing schedules dules doles In all tariff legislation U th tho true tine principle principIa of protection is la best bes maintained by tho imposition of duties ao an will equal the difference between tho the cost of or production al at a ahome homo home and abroad together with r a reasonable profit to American Indus Industries trios tries We Wo favor tho the of oC maximum and minimum rates to be lii admin administered ter d by tho the president undo the thc fixed law Jaw tho he maximum to be bo bi available to meet discriminations by br b foreign countries against American goods 18 entering their markets and tho thu minimum to represent tho the normal norma measure of oC protection at homo home the tho aim and purpose ot or tho republican n I policy being heln only onh to preserve with without without out excessive duties that security I against foreign competition to which I American manufacturers farmers farm ers and am producers are aro entitled but also to U I maintain the high standard of living of tho the wage TInge earners of or this country who nho are arc the most direct beneficiary of the tho protective system Between the tho United States and the Philippines we wo believe In a free interchange In of ol o with such limitations as to tc sugar and tobacco as will afford ade ado adequate adequate quate bate protection pr to domestic In Interests crests Defends f Tariff Tho bureau ot ol statistics is auth authority authority for the statement that during the first six months of or tho the operation of the Payne Pa ne law tew which h has haH just end ended ed eti e the average rate of oC duty paid on all dutiable Imports was 2109 per percent percent percent cent The average rate of ot duty dut paid on all Imports for the same samo six months for the four preceding lag ing in years under the tho Dingley law was I 13 This would show that the reduction in the Payne law is per cent cont of or the tho value of the goods 01 or that the below helow the pre pro previous iou tariff rates Is 12 per cent show showing showIng ing lug a downward ward revision of this ex ox extent extent tent tout In those goods which are arc dutia dulla dutiable ble lule Customs Law Good I venture to repeat the tho remark I have had occasion to make malco before that the tho present customs law Jaw Is tho the host boat customs law that has over ever been passed and it Is 15 most in inthis inthis this that flint Is indicates on the part of the tho republican party part the adoption of ofa ofa ofa a policy to chango from an Increase in duties to a reduction of them and to effect an increase of or revenue at atthe atthe the tho same sarno time The Tho act has fur Cur furnished to the executive the tho power to I apply the maximum and minimum clauses In order to prevent undue discrimination on the part pait of or foreign countries and this Is securing addi additional tonal concessions In respect to the tho Impositions on our foreign trade trado Investigation Coming An Investigation by tho the tariff board of or the sort proposed will ocr certainly certainty take a full two years or more Meantime tho the operation of or the pres ires present oat ent nt tariff promises to be Je consistent with wiLl the prosperity of oC the country and aud the furnishing of or sufficient funds with which to meet the tho heavy but necessary expenditures of or carrying on our government Postal Savings The machinery of or the thc de do department department with its and money order offices offers an In and far reaching mach machinery machinery In places lacos remote from banks and among aDIong people coplo who foar who hut but for tor the opportunity would not save saye but spend The low Interest offered that of or 2 per lor cent prevents such postal sa 51 sav savings ings banks from with wIlh rog reg ular savings banks whose rate of oC In Interest interest terest crest Is In excess of 2 per ller cent In the present state of oC tho the senate I bill 1 I there here have been beon inserted insert d amend amendments meats ments drawn apparently for the pur purpose purpose pose of having money monny deposited as savings In I n government distributed through the thc locality whore where deposited in tho tb banks state and na an national and aud so deposited as to mako make it 11 impossible for the trustees trustee of the I fund appropriated under the lie law Jaw to money mone for the investment in iii other form orm I regard such an amendment as likely lIkel to defeat the Ule thelow low law fj fjOn On Railroads On the subject of railroads the tho th republican r platform said I Wo We 0 approve tho enactment of tho the railroad rate law and Wd tho the vigorous en enforcement enforcement by b the lie present administration tion of f the statute against rebates and discriminations cU and a result of oC which the advantages formerly pos pOR possessed possessed by In the hue large over ocr the tho shipper have hayo practically dis disappeared disappeared appeared and In this connection wo we the time appropriation by the tho congress C to enable on able the Inter Interstate state commerce commission to fy In s galo sarI and give publicity to the tho accounts j of ot interstate railroads 1st t y ft v 1 MAY ABSORB THE TILE I WESTERN PACIFIC P ROAD Absorption of or tho the Western Pacific railroad name and all 11 by tho the Denver C Rio Grande railroad and the opera lion of tho the transcontinental line I formel by b tho two working In ln conjunction tion tou with Denver as headquarters for forthe forthe the enlarged system Is the prediction I made today loda upon Information claimed i to bo ho semiofficial I Regarding R the proposed consolida consolidation I tion a 1 Denver Rio Grande official Is quoted as follows Wo We do not know for a l certainty that this iA going to be made but much more Improbable things have hac been Jeen done dODe In railroad consolida consolidation lion tion it is ia not a n wild dream by h any an means It is pointed out that the Western Pacific with Its miles of track Is h practically only oni an nn extension of the 1 Rio Grande with Its lis 2600 miles of rood road that the Ilse Ito Illo Grande Grando owns of the tho capital stock of the tho t rn Pacific i I iI The liThe Glory of the tho Conquered red This Is a n day dav when si ucc cc CS Is lauded as the solo sole standard rd of lIfe lift and in h many lives tho the moans ma moans by which success s Is Js attained IB is of no DO importance any method motho to tr wn wIn is the I cry cn That there thoro is a n real value and md power p wo I in the life lifo that thai dots clops do s not win is the message J of the evening sermon in inthe inthe Inthe the Presbyterian church tonight ht the tho theme being The Gospe of Retribution lion tion and Reward as nf Portrayed in the tho Book Bool by b Susan The Glory Glor o otho of the tho Conquered M Mf 8 Belle Slater will sing Van tier ner IT The he Lord LordI I Ih I M r f Shepherd TAFT DELIVERS STIRRING REPLY TO WALL STREET S d Continued Continue on Page V VWe Z 7 Y J 1 We Te believe however ver that the Inter Interstate interstate I state commerce law aw would be further i amended so 60 ns Os ns to give railroads the tile right tn tit t make i and publish traffic j agreements subject to the approval of the commission but maintaining al 01 always always I ways the principle of competition be bey between tween naturally lines and avoiding avoid n the common control of such I lines by any means whatsoever We Ve favor f or such stIch national legislation and I supervision as ns will prevent tho the future futuro of stocks and bonds by interstate carriers A 11 i bill to ct carry rry out these declara declarations declarations declarations has beon b rl Introduced In both house home and the tho senate and Is now no be being being ing considered before the tho appropriation I tion committees of these two bodies I and there Is 18 every hope that the bills thus introduced in substantially the same shape as us Introduced will be en enacted enacted enacted I acted Into law Uphold Courts The Tho Republican party will uphold I at all times the authority and Integ Into of the courts state slate and federal and anti will ever assist their powers to I enforce then their process and to protect life liberty and property shall be pre preserved preserved served inviolate We Vo believe belleve how however however ever that the rules rutes of procedure in inthe inthe inthe the federal courts with respect to the issuance of the We writ of Injunction should bo be more mor accurately defined by statute and that no Information or temporary restraining order should be he Issued without except where Ir 11 Irreparable irreparable reparable Injury would result from dolay de do delay I lay 10 In which case a speedy honing should be granted A bill to carry out exactly this tills prom promise I Iso ise has been Introduced Into both bath the tine senate and house bouse e and will doubtless come up for foi 0 i consideration and passage pass passage II age The bill does not go as far as Mr oIl Gompers and the Federation of oC I Labor demand but bt It goes goos as far as I tho the Republican convention was will willing willing ing to let lot It go and It is so drawn as asto asto to make an abuse of the Issuance of Injunction ut notice very er Im Improbable I probable Statehood Coming The platform also ulso promised state statehood statehood hood to Arizona and Now Nov Mexico and the bill hili providing such statehood has tho the louse house and had been favorably fa favorably considered by the committee of tho the senate so o thoro thero seems to be ho hono beno 1 I Ino no reasonable that this promise will be fully kept kepi Conservation The Republicans In Iu their platform spoke further as at follows Wo TO endorse the movement inaugurated by b the administration for the conservation of natural resources we e approve all nil measures to |
