The Montgomery advertiser., 1908-03-22
Legislative Program is Decided On. WESTERN BUSINESS MEN CONFER WITH PRESIDENT Will Order a Special Session of
 Congress. Each of the Measures To Be Prepared Involves PerpIexins Difficulties and Each win Have
 Far-ReachinR
 Effect.

Washington. March 21-President Rooseyelt has determined upon leg islative program. the enactment or which will be urged upon Congress Tn a special message which he said tooay will go in next week.
 Each of the measures to be proposed involves perplexing difficulties and each will have far-reaching effect on the business and economic conditions or the country. The program is the product of important conferences through which the President has been put m possession of the views of all inter ests concerned Likewise the attitude of the leaders in both branches of con eress has been made known. It's suc- cess depends upon the combined effort which he believes can be brought 10 bear in behalf of the whole plan oy those affected especially by some or It's features.
 The program includes:
 A declaration in favor of revision of the tariff in a special session to be held after March 4. 1909: an amendment to the sherman antitrust law so as to make important concessions to com htnations of both labor and capital; limiting the powers of certain courts In tho use of the injunction In labor disputes; passage of an employers na- hility bill: passage or the Aidricn IT. nanCfdl D1ll. The buppCEI Ok htAO and financial interests of the Middle West was pledged to the President on this program, following an extended conference held at the White House last night A most satisfactory conference was held at the Presidents omce to- day with leaders of the two Houses or Congress The details of last nignts conference were purposely withheld pending the morning conference. Al the conclusion of the latter the follow ing statement was made public by 5ec- retary Loeb:
 aAt a conference with the President held at the White House last evening with the following representauves CT west. Richard c. Hall, chairman pres Ident of chicago Association Of Com- t,arre. | Farwell, member of the Chi- aoo Association of Commerce; Charles u wacIxer, member of the Chicago As- Hociation of Commerce.; James 70. Smltn president St. Louis Business Men League; H. B. Topping, president oi R Parker. ex-president of the Kansas rsitv Commercial Club, the following sddress was presented to the President .nd there was a full expression oI views both on the part of the Presldehl and the committees;
 MT President: The organizaslolS. we represent have a membership or sha,t 4 S00 husiness men, corporations, firms and individuals. engaged Tn the daveiopment of the agricultural re- sourcea and the manufacturing com mercial and financial interests or the middle west In the pursuit or ouI various lines of business, we come Ia contact with almost every portlon o- inc country but especially Of the MS siss,nni We were never in a more rrosnerous condition than prior to the .aric of last fall. Our labor was all emnloyed, our capital profitably ln- vested. Tn & short period. these con ditions have changed. Certain lines oI business are almost stagnant' prousne shout by. the fear of the people as 70 inc stability of some Of our lnstitu- tions Money has been hoarded. fn- stead of flowing into the ordinary chanDels of investment, securities ana fhe various commercial interests. IWo urinary causes are responsible TUT this condition. First the gross Viola- tion of law by some corporations ana r-raftinS Inv some public officials, and sornA publtc officials, and secondly, defcient currency system wholly in- canahle of responding to needs Of com merce when fears and uncertainty are angendered into the minds Of the masses The starting of this period or mnregt ana 0lSLFuSt W@O ehO hroueht about by the insurance inVes- tigation in New York, where 1t was shown that the trustees of corporations acting for millions of our people and representing in assets more than thousand million of dollars had In some instances used the assets of the corpo- rations in direct violation of the law. Following this can tho great calamity at San Francisco. almost destroying the sixth great city of the nation, en- tailing a loss of several hundred mil lion dollars. impoverishing the citizens as well as the insurance companies.
 linen upon the heels of this disas- ter we find the public officials of that city charged with the violation or all most every trust while the people were battling for existence. We also had the graftinf and bribery that was un- earthed in at least three other Import ant cities and finally came the expos ure of high finance. manipulattons of the assets of great railroads followed