Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-07-02
Objects to Continuing $50.
Called Roosevelt" Policies.
COMPLAINS OF OVERDOSE
Says Legislation Brought Out Dusi.
ness Depression.
PROPOSED REVISION OF TARIFF
Declares That to Announce Such Q
Plan Will Cause Uneasy condi-
tions In Interests Affected.

CINCINNATI. July 2.-Senator Foraker
In an address to the chamber OF COM
merce yesterday afternoon praised the re-
publican candidate for President. but
expressed an objection TO Judge raft's
belief that the country needed more or
the so-called Roosevelt policies. sena-
tor Foraker. after discussing causes for
business depression In Cincinnati. said:
II can't talk politics here. but I trust
I may say that one convention has nomi-
mated its candidate and he is known to
every man who hears me as exceptionally
agreeable in all respects. so far as his
personality is concerned. (ApplauseD He
has ability. character and general quail
fications and fitness. (Applause)
The Roosevelt Policies.
1.-The only objection I have TO him 10
that he seems to believe that the eoun-
try needs more Of the so-called Roose-
welt policies. vhile in my opinion Ne are
already suffering from an overdose OF
that. (ApplauseD I will not pursue that
suggestion except to add the single re-
mark that all these so-called causes OF
the panic are In my opinion relatively
unimpertant.
1.-The real great cause that has brought
upon US our trouble was such legisla-
ton as the Sherman antitrust law. the
Hepburn rate bill. with Its commodity
clause, now on trial. and other like leUis-
lation enacted by Congress and by the
nounced policy that at specified time
In the future we are to have q general
revision OF the tari6.
Proposed Tariff Revision.
LET me speak first about this tariff
matter.
ITO announce In 1907 and 1908 that vs
will revise the tariff In 1900 Is to make
business generally uneasy. What man
is to escape? Surely not the iron and
steel interests. Mr.. President. or any
other specified industry can hope to es-
cape. When revision comes everybody
knows that 1t will be q revision OF the
whole subject, and now that we have de-
termined that in the future-some time
next year-we " III have tar6 revision. ]
apprehend that all business liable 70 be
affected by such revision Will be con-
sentative and do all kinds Of hedging
against possible injury.
This determination to revise would
have the tendency to make business
men conservative under all eircun-
stances. but particularly 1t this time"
The Coal and Iron Reads.
As to the commodity clause OF the rate
BILL he said:
But IL the court should hold the
clause constitutional-that II 10 valid and
binding-every railroad engaged In haul
ing coal Of its own production must tn
stantly stop under the penalty OF heavy
fines, together with heavy fines and i'm
prisonment for its oflcers. In that event
there would be not only q great hard
ship upon the railroads. but . greater
hardship upon the consumers Of coal
everywhere. The result would be Of .
disastrous character to the whole coun-
try.
at is because thoughtful. prudent busi-
ness men foresee this possible situation
that there 10 still q cloud hanging over
the business Of this country. That can.
not be removed by the resolutions Of q
sunshine club but by only q judgment
of the courts or by an act Of Congress.
II the court should dispose Of the clause
that will end II. II not. Congress will
have to undo II. voted against the
proposition when II was brought forward
In the Senate. and proposed an amend
ment at the recent session modifying II
SO as to make 1t only perspective In its
application.
III regret to say was unsuccessful in
both cases. II tho law be upheld ana we
have the further experience I have eug-
gested I shall hope to be successful at
the next session before I am eliminated.