Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1909-11-17
Cartoon by {. /. Maeauey, in the New York World.
0TJTITNE CT PRESIDENT TAFTS ANNUAL MESSAGE.
Roosevelt Policies 10 Be Commended to Congress and Corporations The Chic
ToDic-Eeiter Antitrust Law, Railroad Rate Court and AHttSiock Water.
ina Elan to Be EeceEHended-C0nseFYatYe Regarding hiSSis.
siDli-COmHiSsiOn Government For Alaska. Z

exempted from the operation Of the
law, but the effect of the amendment,
he admits, will be to put labor out
side the law. Under the present
statute it has been decided by the
Supreme Court that boycotts are a
violation of the Sherman act.
The Presidents position on the
subject OF honesty in business is as
summarized by himself:
cit takes some time for a series. of
courts to make 3 decision which shall
be plain to the business world. But
we are going on with this antitrust
law. and If we amend it as I suggest
we shall draw the lines closer and en-
able men to know what is legitimate
business and what is not"
Postal savings banks will be urged.
President Taft will recommend CON
tinuance and extension of the conser-
walton Of national resources and rec
lamation Of arid lands. He will say
that these subjects include also reten-
ton of control over the water power
sites by the Government, so that it
may regulate rates charged for the
power furnished, and retention of
control of coal, oil and phosphate
lands, that the Government may pre-
vent the use Of those lands by nom
opolies.
Conservative rs to Mississippi.
On the subject of waterways the
message will recommend continuance
and extension Of harbor work, such as
the San Pedro Harbor, on the Galffor-
MIA coast, but his recommendations
for work on the inland waterways
will be most conservative. The Presi-
dent saw a lot on his trip down the
Mississippi River, but his conclusions
did not encourage the inland water
ways boomers, who went toggreat exc
pense to show the river to him.
Regarding the Mississippithe Press
ident will go no further in the next
message than to recommend continu-
ance of the protection CT the banks at
the bends, where the current is COIL
stantly cutting. Outside of that 4
will be the position of Mr.. Taft that
no improvement shall be undertaken
until engineers have approved its fea-
sibility and have estimated its cost
and, in addition, it has been lemon:
strated that after the millions Of the
| Government have been spent the pro-
iect will be worth while-that is, that
the commerce will justify the expense.
and that the shippers will not desert
the river for the railroad the first
time the latter cuts rates. All those
conditions fulfilled, the President Will
state he is in favor of the Government
issuing all the bonds necessary and
completing the work that it has de-
cided, carefully, to begin.
The President will not make any
recommendation for monetary legis-
lation, leaving that to the next Con-
gress.
A commission government for
Alaska will be recomm ended. 1t is
the result of his experience in the
Philippines and. as Secretary of War,
the guardian of Cuba. 1t is the idea
of colonies, but the President is very
much in earnest about it, as he be-
lieves Alaska, with its enormous x
tent Of territory and small, uncertain
population, is not ready for selflsgov-S
eminent.
The President will recommend a
ship subsidy in the form Of payment
Dy the GOVSFuHlenI loi tlnS SdiiJiuS
of mail.
Control or corporations will be the
/ main issue in the message, and the
President believes that his admins
tration already has made a good start
in the corporation tax passed at the
extra session.
Mr.. Taft has expressed himself as
in favor of a central bank to handle
the finances of the country, but the
details of the plan have not been
worked out, and no one is more open
to argument and conviction on the
subject than the President. There is
no likelihood that it will be a part of
the message to the December session.
Probably the central bank plan Will
be a part Of a later message, includ-
ing the general monetary revision
scheme. -
-.ME-.wE 800. ZHTM ~