Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-04-01
PRESENT LAWS DEFECTIVE.
Would Have Commission Have
Same Power Bank Examiners
Exercise Over Natl Banks.
CONTROL OF BIG CORPORATIONS
Combination of Capital, Like That of
Labor, Is Necessary Element OF
Our Industrial System,


,..,.n Aorfl 1J5reslden.
Naspil's 'U' 49,.
boseyet mas aecluea hot 10 accept ule
Aviation Of the Illinois Manufacturers
,ssocfatfon 70 deliver Il speech at
springfield. H.. on the railroad sltua.
tiony lie addressed letter yesterday
10 G. II. Smith, president OF the ASSOC
ofa.Ion staring tha, II Xvolld he. inn.
-, IN, -. ~, 80,
pusslD" lVi niiil " 'cS9pt '''e'4 NV
tatlon- extended last week, because he
lid not feel that he Trad anything TO say
.t +bis .s,,,a IL, "a snaclol adlres- ~,
-
ihis speNlal SUBJECT
RECEIVES MANY REQUESTS.
Inc president mas received great
ruIn Der OF requests Tor statement hy
him, or speech to be made by hitl IN
connection with the railway situation.
He has given these REQUESTS the utmost
Eoisht ana most careful conslueralloh'
After fully looking INTO the matter the
PRESIDENT INFORMED ms ADVISERS tIlat ne
had come TO the conclusion that shere
was nothing ROW lltther he had to say
at this moment ON the railway sltua-
tionj that he did not deem 1t either
wise or proper 10 say anything with Il
View 10 any Immediate situation In
Wall street and that as ne could Only
give expression to the definite and SET"
liz o'- .so.a.s ~ me exigencias of rhs
moment and as his views on the policy
m question We're already matter OF
record, IT did NOT seem necessary al
this time ~ repeat them
c-,rs S1sx-Arr MOT, -rtyrNrsrrayIs
- $50 ~
TO the different men, friendly aud u1-
friendly, who have visited him or writ
ten 10 him. he has answered verbally
,.rd ne6des no expIana tipns whatever
and that he would not In his future
coHrses deviate one hairs breadth from
the course he llas pursued in the past
and was now pursuing.
The statement was made from an
authoritative source today that even
:, most culsory examination of What
The president has repeatedly said in
speechos and Ia messages will show
The utter nonsense of supposing the
government has the slightest intention
10 take any action which would in
validate the safety and stability Of the
railway securities NOW issued, the
whole legislative program of the presi-
dent having been proclaimed again
and again is one To insure the future
against the mistakes and deIinquencies
of the past The president holds that
every executive action taken under bis
admInistra ton. whether by the de-
partrnent OF justice or by the interstate
commerce ce r q. -, mas lurl<7'e"
va .rzrnr>-cr no vArr-A.rrnn-
W. 'Ai1N h-ie'-'>S'' ~
1t was pointed out today in admin.
istrative circles that the president has
made no reference In his speeches or
messages to the question OF the phys
zeal valuation of railroads, This posi-
ton, II was said, is that the roads
themselves Will work out this problem
as an item of bookkeeping and REFER
ence was made To- the lact thal Two
roads, the Noruhcrn RACINE ara lhe
Great Northern, alFcauS nave SUBMIT
led figures as 10 ihelr PHYSICAL Valna-
llom'
le rar PC SUI "a Oli dull I - titaS
me pfesluen1 Wlll aSulil Assn Oplisi ess
Us hSAe s"sslorl' LOT poWes ~ ia Tsal
Win thc question: OF oN"r,eaplptillH-
ton OF railroads siinllat reques,
Mas nliuc d, vac ias' s"SelU " ~. ~
'aFpiAoie a'll"h Ma7 hOe tH"sn up
In his letter to Mi. Smith. tho presi-
ne m s, I'D R s \. G.. Oct Oh IT,.
19o5 and thc nr,e he dsliyoled before
AZ sl,e s,io ~ r,i ia n,nIoys in
this cIfy on Nov. IA, 1906. together
with his last message 10 Congress at
the beginning OF the fret and second
sessions OF the last Congress The
president concludes his letter 10 MI.
Smith as follows;
-,o>,.rrn-e,,,,, ,r,,,- ,-,,, ,,,e,,,
'-NN ~ ''A@''iNr" 1A'N| VICE,
You will see In The two speeches
and the two MESA ees t:lat i have said
about all hal / would say II ! spoke
NOW. As said to your body tile other
day, j have already expressed agaln
and again my carefully Thought out be-
llcls, i am more firmly Than ever con.
vinced that these beliefs are wise and
that the policy [ recommended IN my
message AZ tho opening ~ each OF the
last regular sessions Ot Congress must
be carried out lust al the moment I