Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1908-03-26
R00SEVELT's PLANS.
ANSWERS PLEAS OF BUSINESS
MEN WITH MESSAGE
TO CONGRESS IN A FEW DAYS
President Has Secured Minute Data
at Special Conference with R.lia-
BILE Representatives of Peope.

Washington, d. c., March 2y.-
President Roosevelt has determined
on legislative programme. the en-
actment Of which will be urged upon
congress in special message, which
he said yesterday will so In this
week. Each of the measures to be
proposed involves perplexing diff
cuitles and each will have a far-reach.
ing effect on the business and econ
omic conditions of the country.
The programme is the product OF
important conferences through which
the president has been put in posses
sion of the views Of all interests
concerned Likewise the attitude OF
the leaders in both branches OF con-
gress has been made known. Its
success depends upon the combined
efforts wi .ch he believes can be
brought to bear in behalf OF the
whole plan by those affected prac-
tically by some of its features.
The support of the business and
financial interests OF the middle west
was pledged to the president on this
programme, following an extended
conference held at the White house
on Friday night. A most satisfactory
conference was held at the prosI-
dents offices yesterday with leaders
OF the two houses OF congress. The
details of Friday nights session were
purposely withheld pending the
morning conference. At the con-
clusion Of the latter n statement was
made public by Secretary Loeb, set
ting forth in detail the results or
these conferences.
At the conference on Friday night
an address was presented to the
president In which 1t was stated that
the committee presenting it repre-
sented $500 business men who come
In contact with almost every portion
of the country. They recite the
prosperity of the country prior to the
panic of last fall; tell or the sudden
change in condition from prosperity
to stagnation and distrust by the peo-
pie as to the stability of our institu.
lions. There were two primary
causes for this condition, says the
statement:
First, the gross violation OF law
by some corporations and grating
by some public officials, and, sec
ondly, a deficient currency system
wholly incapable OF responding to
the needs OF commerce when fear
and uncertainty are engendered In
the minds of the masses"
The statement reviews the panic
from It's start in the exposure OF in.
off, al, In nrl thrp
the San Francisco earthquake. and
exposure of public officials OF that
city who were charged with viola
ton OF almost every trust, and
finally to the exposure OF high finance
in railroads and corporations. The
statement then gives the president
credit for compelling respect for
the law by the great and SMALL"
and expresses the opinion that 1t
will have beneficial effect upon
business morality. The statement
concludes:
I'VE now urge you to consider
with extreme patience the unusual
conditions that prevail, and while
abandoning no expressed principle to
adjust your executive actions to the
requirements VI IulS pcIlOu VI Duhl-
ness timidity.
I'VE ask you, Mr. President, to in
dictate to the congress the corrective
measures you deem 1t necessary to
take. We believe that the first step
towards resumption OF normal bust
ness conditions can be taken by the
congress in resp nse to explicit re-
concentrations by the chief execu-
tive"
Yesterday the president indicated
to a subcommittee of the committee
presenting the above statement that
he would probably communicate to
congress this week explicit recon-
mendatlons concerning the legislation
needed
The president, Senator Aldrich and
Representatives Payne and Dalzell OF
Pennsylvania and Hepburn of Iowa
participated in the conference yes
terday. The chief subject considered
was tariff revision, but there will be
| other conferences at which other
questions will be taken up In detail.
An agreement was reached between
the president and the leaders of the
house and senate In favor OF a declar.
alton for revision of the tariff at
special session TO be held after
March 4, 1909. 1t was decided that
the best manner in which to prepare
for the legislation is to have lnvesti.
cations conducted by the ways and
means committee OF the house and
the finance committee OF the senate
These investigations will not be In
the form Of hearings, but experts will
be called in to assist the committee
in preparing data. The plan is oppos.
ed to the appointment OF tariff com.
mission such as II proposed In the
Beveridge and La Toilette bills.
The amendments suggested to the
Sherman antitrust bill were dis.
cussed briefly. The president said
that bill would be presented provid-
Ing for the legalizing OF traffic agree.
ments between railroads. He called
attention to the feet that labor or
ganlzations had been expected to
agree 10 such legislation in return fer
a provision exempting them from the
Of