Coalville Times | 1911-06-02 | Page 2 | Upholds Banking Law

I UPHOLDS BANKINO LAW. Pretident Taft Refutea to Shorten Sentencea of Morae and Walth, U in lilnntiin I'resldetit Tuft on Wednesday denied the iippllrallon for the pardon of Chnrlea W. Morse of New York and John It. Wtitah of Chi rago. tho most prominent bankera ever convicted and aentenced to fed gral prison luider thn nutloiinl bunk ng Tawa. Not only did Iho president refuse lo lardoii them, but ho also declined to uerrlae any other etecutlvn rlemeney 11 their rases to shorten their aen Icfirce Imposed by the courta. ' In denying Iho . anions the prenl dent look a firm stand that Hie na itlonnl banking lawa or liny other lawr iuiust bo uphold when they infect tin jtlch man even morn than uhen they affw t the poor. The record lu tin ( Wnlali care, the prei'lileut said, "show i a moral turpitude of Hint luslilloiir and dtitigerotiH kind, to piiiilnh whlih. thn national luinluur, lawa were cs e elully i liac ted "