The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-08-20

| buuV vi lht IOWdTu
nations of capital for the reduction in
the cost of production should be ex.
actly the same as toward the comb.
nations OF labor for the purpose of bet.
| terlng the conditions. of the wage
worker and of Increasing his share of
the joint profit of capital and labor.
They are both to be encouraged in
every way as long as they conduct
themselves within the law They both
WELD enormous power and IL welded
for good, can be of inestimable bene.
fit Their power for evil when in the
| control of INSCRIPTIONS men is such
/ that II 1t is to be restrained, II needs
| the use of all the means which the
executive and the courts can lawfully
command. think It entirely possible
| by the rigorous prosecutions Of the law
against illegal combinations and by
the equal and Just operation of rail.
/ ways, to prevent a recurrence of what
we have had in the past and to re-
strain within the bonds of legitimate
and useful business, all these great
corporations"
fortunes, Secretary Taft said that the
captains of legitimate industry are en-
titled to large rewards, and 1t is impos-
sible to fix limit upon the amount
which they may accumulate. However,
he advocated legislation having a ten
dency to divide great fortunes
and to discourage their accumula-
best remedy is to be found in state
legislation. He said:
IL do not favor federal legislation
now to reduce such fortunes either
by constitutional amendment to per.
NIT an income tax or by a graduated
inheritance tax, but whenever the gov
ernment revenues need an increase or
readjustment, should strongly favor
the imposition of graduated inherit
ance tax and, II necessary for the rev.
enues, change in the constitution au-
thorlzing federal income tax, with all
the incidental influence Of both meas.
ures to lessen the motive for accumu-
lation
''The suppression OF monopolies and
the abolition Of secret rebates and dis.
eliminating privileges by the railroads
will lessen the possibility Of such
enormous accumulations as those
which have already taken place. The
evils OF too great concentration of
money or Of any kind OF property in a
few hands are to be best remedied by
the gradual effect of long course of
legislation and not by measures having
an immediate and radical effect that
are apt to involve injurious conse-
quences to the general business com
munity."
Secretary Taft declared distinctly
his adherence to the distinctive poll
cies of the Roosevelt administration
when he said:
81 have thus reviewed at great
length what have properly come to be
known as President Roosevelt's poll
cies and have discussed them with
what I hope you will think is entire
candor. | have attempted to point out
one or two instances in which would
qualify details Of future policies which
he has sketched. but with these minor
exceptions as to method, | am glad to
express my complete, thorough and
sincere sympathy with, and admira-
ton for, the great conserving and
conservative movement which he has
with wonderful success initiated and
carried so far against bitter opposi-
ton, to remedy the evils of our pros
perity and preserve to us the institu.
ttions we have inherited from our
fathers"
The criticism that the Roosevelt pol
icies are Socialistic is absurd, said
Secretary Taft. On the contrary, the
policies were framed TO defeat Social
ism. Mr.. Taft also pointed out that the
railroads-not President Roosevelt
were responsible for restrictive legisla-
ton, and that the slump in Wall street
prices was in no wise due to the Presi.
dents policy. He contrasted Mr.
Roosevelt's and Mr.. Bryan's theory of
government, showing that Roosevelt
believes in both people and individuals
and in strong and efficient govern
ment, while Bryans theories are based
on distrust OF the individual and fail
ure of representative government
Secretary Taft declared that Bryan
seeks judicial procedure, that will re-
strain wealthy wrongdoers, but will
give freedom of action for lawless
poor, and in support of this he in
stanced the Oklahoma constitution,
which has been so warmly indorsed
by Bryan.
Certainly It is difficult" said Secre.
tary Taft, "for an impartial observer
to find anything in the actual govern
ment Of Mr.. Roosevelt that harmonlzes
with what would be the government
under Mr. Bryan if he could carry out
his theories"
Great interest attached to Secretary
Taft's discussion of the tariff On this
subject the full text of his speech was
as follows:
The Protective Tariff.
II come now to the question of the
tariff, its revision, and Its relation TO
the unlawful trusts, The Dingley tariff
was adopted Immediately after the
election of Mr.. Mckinley, Since that
time we have passed through the
Spanish war and have had a decade Of