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Show TAFT MAKES GOOD IMPRESSION. j For several weeks there has been a depression in Wall street and Stocks have been dropping to the record low levels of the past eighteen eigh-teen months. The reaction was attributed to the uncertainty created by the utterances emanating from the White House, i. On Saturday last, President Taft appeared in New York and, addressing the Republican Re-publican club of that city, made himself clearly understood on all matters affecting the great problem of business calling for legislation legis-lation or law enforcement, and, as a direct result, nearly all the heads of large financial institutions are today singing the President's praises, the majority of them declaring that the Lincoln Day speech is decidedly favorable to renewed confidence. And yet the Presi-( Presi-( dent's key note utterance was uncompromisingly in accord with civic conscience and business honesty, and was expressed in these words ; "If the enforcement of the law is not consistent with the present pres-ent method of carrying on business, then it does not speak well for the present methods of conducting business and they must be changed to conform to the law." As to unnecessarily disturbing business, Mr. Taft said: "No one responsible for a government like ours would foolishly run amuck in business and destroy values and confidence just for the pleasure of doing so. "During his (Roosevelt's) two terms in office, by almost what may be compared to a religious crusade, he aroused the people to a point of protecting themselves and the public interests against the aggressions of corporate greed and has left the public opinion in an apt condition to bring about the reforms needed." . . Answering. the complaints directed at the Aldrich bill, the President Presi-dent said; "We did revise the tariff. Nothing was said expressly in the platform about a revision downward. The implication was that it was to be generally downward. The change which the tariff effected was a marked change downward in the rate of the duties and it waa a recognition by the party that the time had come when, instead in-stead of increasing duties, they must be decreased." Among other things which received the President's attention were: . . Approval of the vigorous enforcement by the administration of the statute against rebates on the part of the railroads. Advocates that the interstate commerce law should be further amended so as to give railroads the right to make public traffic agreements subject to the approval of the commission. Declares that the great advantage of postal savings bank3 is the encouragement to thrift of those whose fears of the solvency of any depository except those controlled by the government tempts them away from caving. Concerning the coming congressional election the president said: 'If the other measures to which I have referred are enacted into law and the party pledges of the Republican party are performed there would sem to be no good reason why the party should not receive renewed approval by the electors of the country in the coming congressional campaign." |