Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-03-05
OUTLINES MAIN
POLICIES Of ADMINISTRATION
Inaugural Address Pledges Mr. Taft to Work for Reforms
Removing Restrictions from Legitimate Business as Well
as Continued Warfare on the LaWIeSs

with promises made before the cleo
tion by the party In power and as
promptly passed as due consideration
/ VIII permit. IL is not that the tariff
is more important in the long run
than the perfectIng of the reforms in
respect 20 antitrust legislation ana
interstate commerce regulation, but
/ the need for action when the revision
| OF the tariff has been determined up
| on, Is more immediate to avoid em-
1 barrassment of business. To secure
the needed speed in the passage of the
tariff bill II would seem wise To at
tempt no other legislation al the cx-
4 ira session. ! venture this aS a sug-
gestlon only. for the course to be taxi
en- by congress- upon the cal OF the
executive is wholly within It's discre-
/ ton
In the making Of q tariff bill. the
prime motive Ia taxation, and the Sc
4 curing thereby Of revenue. Duo
! largely 20 the business depression
which followed the financial panic or
! lg01. the revenue from customs and
, other resources has decreased to such
an extent that the expenditures for
the current fiscal year VIII exceed the
rcccints by 500 600. II Is i'm
peratiyc that sach a deficit shall not
continue, ana tho Trainers of the tar
Ut bill must OF course bear In mind
the total revenues likely to be pro-
dnccd hN H. ana so arrange the du-
Ties as to secure an adequate income.
should II be impossible to do SO by
import duties. new kinds Of taxation
must be adopted and among these I
recommend graduated Inheritance
tax as correct IN principle ard as
certain and easy of collection.
Tho obligation on the part of those
TtGnnnI nIIlllA for the TKnRnnitnrtS mazda
to carry on the government, TO be as
economical as possible and to make
tho burden Of taxation az light AS pos
Aihts y riaiu and shprld be Hffirmcd
Ia evirA Declaration Of government
policy This IL especially true when We
are face TO face with a heavy de-
ficit. Hut when the desire to win the
popular approval leads to the cutting
off Of expenditures really needed To
make the government effective, and
to enable II to accomplish its proper
objects. the result * as much to be
condemned as the waste nf govern
ment funds In unnecessary cxpendi-
ture. The scope of Il modern govern
mcnt Is what It can and ought 20 ac-
complish for It's people has been wid-
cned far beyond the principles laid
down by the old laissez fairc school
OF political writer's, and this widening
has met popular approval
In the department of agriculture.
the use OF scientific experiments on "a
large scale, and the spread Of infor-
nation derived from them for the
Improvement of general agriculture,
must go on.
The importance Of supervising bust
ness of Rreat railways and Industrial
combinations and the necessary in
vcstisation and prosecution OF uniaw-
fn1 htl1inpaG t,1aihnHE "a IA
necessary tax upon government which
did not exist half a century ago.
The putting into force OF laws
which shall secure the conservation of
our resources. 80 far as they may be
within the jurisdiction of the federal
government, including the most inn
portant work OF saving and restoring
our forests, and the great improy-
mont of waterways. are all proper
government functions which must in
volvc large expenditures II properly
While some OF them, like
the reclamation of arid lands arc
made 60 pay for themselves others arc
Of such an Indirect benefit that this
cannot be expected of them. \ per-
mancnt Improvement like the Pana-
ma canal should be treated as a dis
tinct enterprise, and should be paid
for by the proceeds of bonds. the is
sue VI WHICH, VIII AlNNlinul illt NOnl
between the present and future gem
'rations in accordance with the benz
fits derived II may well be sub
nittcd 90 the serious consideration OF
congress whether the deepening and
control OF the channel OF a great riv-
n system. Ike that of the ohio or the
Mississippi. when definite and prac-
lcal plans for the enterprise have
Dcen approved and determined upon.
a H.. Il. 4 F,.ts In, 1aN
samc way.
Then. too. there are expenditures Of
government absolutely necessary IL
,ur country is to maintain It's proper
liacc among the nations of the world.
md is To exercise its proper influences
n defense Of it's own trade interests.
n the maintenance Of traditional
american policy against the colonial
ion OF European monarchics In this
lemispherc and in the promotion Of
,cace aud international morality.
'cfcr 10 the cost of maintaining a
proper army. q proper navy and suit
lblc Qualifications upon the mainland
II the United States and in It's DC
We should have an army so organ
2cd and so offcucd. az to be capa-
,lc in time Of emergency Ia cooper
i,ion with tho national militia. and
indcr tho provisions of a proper ma
ional volunteer law. rapidly TO expand
nto force sufficient to resist all
'ruiahic invasion from abroad ana to-
urnish a respectable cNpcditionary
orec. II necessary. in the mainten-
ncc of our traditional American pol
cy which hears the name of Presi-
ent Monroe
our fortifcations are a. yc. in a
tate of only partial completeness and
kH he az f4 fharrN
In "A few years. however.
he usual annual appropriations for
,ur coast defrnse, both on tho main
and and in The depcndencler. will
make them sufficient to resist all d.
'ect attack. and by that time We may
nope that the men to man them viii