The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1909-09-15
pREsIDENT ENDORSES ALoRIcH.
Declares Himself in Favor Of Central
Bank Idea in Boston Speech.


Declares Himself in Favor Of Central
Bank Idea in Boston Speech.
Boston, Sept. 15.--Face to face with
almost two thousand representative
men OF Boston, President Taft stood
in Mechanics Hall last night at the
beginning Of his $4,000 mile tour of
| the country which will carry him
through two thirds of the states OF the
union, and will extend from Boston
to Seattle, from st. Louis to New Or
leans and Ell Paso, Texas back to the
capitol at Washington. 1t was the
| beginning 10 chain Of social events
in which the leading cities OF the
United States will engage in friendly
| rivalry to excel in the hospitality ex-
| tended to the nations head
The standard established by Boston
was calculated to be consistent with
the celebration of a project Of great
moment to Boston and New England,
namely, the merging Of Boston's three
leading commercial bodies, the Mer-
chants Association, Associated Board
Of Trade, and Chamber of Commerce.
into one organization, one of the larg-
est Of its character in the country its
membership numbering 5000 and at
the same time constitutes fitting en-
vironment for the delivery of Taft's
first public address since the adjourn
ment of congress.
Distinguished Guests.
Distinguished guests from national
/ state and political life, from the judi
ciary OF the nation and state, from
| the army, navy and congress, and
from the local church as well as civil
and business circles were present.
The features of the presidents ad-
dress were his Endorsement of the
| proposition to establish a central bank
in connection with currency reform
mis- words of high praise for Senator
| Nelson Aldrich of Rhode Island, head
of the national monetary commission
| and his reputation Of any attempt to
start sectional strife in the country
such as that which he attributed to
Governor Johnson in calling upon the
west to organize against the east"
| Among the guests were cabinet
members, diplomats, congressman,
clergymen and distinguished business
leaders.
The president was most heartily
greeted and at reception preceding
the banquet many shook hands with
the chief executive.
President Taft confined himself
closely to his notes, but was followed
attentively by his hearers through
out Among the points which
awakened the most enthusiasm was
his statement that there was need Of
reform in banking. This statement
was heartily applauded but there was
not ripple when he mentioned the
central banking plan.
Punish Bad Corporations.
1t was noticeable that the diners
maintained grim silence when he said
he would not discuss the tariff in his
Boston address, but when he declared
with great emphasis, in connection
with his discussion of the control of
corporations, that it must be under
stood by means of prompt punishment,
that the law is to be enforced on the
most powerful, there was tremendous
applause
The climax, however, was reached
when Taft touched upon sectional diff
ferences. With a rising infiexion and
forceful gesture he declared that a.
president of the United States Il may
well lift up my voice to protest against
any effort, by whomsoever made, to
array section against section and
Americans against Americans"
Practically the entire assembly
cheered the speaker and many leaped
to their feet in their Endorsement of
the presidents remarks, the ap-
plause being echoed by the galleries.
Raps Gov. J. A. johnson.
In referring to statement by Gov
ernor Johnson at Seattle, Taft said:
Occasionally one hears a note like
that OF Governor Johnson, denouncing
the east and calling upon the west to
organize in sectional war against the
east because the east is deriving more
benefit from governmental policy than
the west and at the expense Of the
west. 1t is difficult for one to treat
such appeals calmly. Throughout the
country there is free trade of the freest
character, and the prosperity of the
west, especially Of the agricultural
west. is even more pronounced than
that OF the east. Moreover the east is
too close to the Pacific coast, too close
to the middle west, too close to the
Rocky mountains, because the people Of
these western stretches have eastern
ancestry and eastern associations and
eastern connections. and because they
have eastern capital with which their
sections have been largely built up and
because they are too much assisted by
eastern markets in exchanging prices
which their products bring, to make
such an attempt at sectionalism sue
lcessful. 1t Is true that at times pub
| lie questions win be given local color
by what Is thought to be local bene-
At as distinguished from general and
national benefit. But such an atti-.
tude is generally temporary and takes
but a few years Of business experience
lit takes but a panic or two--to pre-
sent the most convincing evidence that
in this country we are all in the same