The Julesburg grit-advocate., 1909-03-05
INAUGURAL DELIVERED "
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Washingtoo, Mar 4. - President
TAFT. having been sworn In as chief
executive Of the nation, delivered an
Inaugural address that was listened to
With great interest. In part It was as
follows:
Ny Fellow Citizens: Any one who
takes the oath have Just taken must
feel \ heavy weight Of responsibility.
II not, he has no conception Of the
powers and duties of the once upon
which he is about to enter. or he is
lacking In q proper sense Of the obi
cation which the oath imposes.
The once Of an inaugural address
Is to give a summary outline Of the
main policies Of the Few administra
ton. 30 far as they can be anticipated.
have had the honor 10 be one Of the
ADVISERS of my distinguished prede-
cessor and as such, to hold up his
hands in the reforms he has initiated.
l should be untrue to myself, TO my
promises and to the declaration OF
the party platform upon which am
elected to once. II did not make the
maintenance and enforcement of those
reforms a most important feature Of
my administration. They were di-
rected 10 the suppression Of the law
lessness and abuses Of power of the
great combinations OF capital invested
In railroads and in industrial enter
prises carrying on interstate COM
merce. The steps which my predec-
sor took and the legislation passed on
his recommendation have accom-
plished much, have caused q general
halt in the vicious policies which Gre
ated popular alarm. and have brought
about In the business affected a much
higher regard for existing law.
More Legislation Needed.
To render the reforms lasting, how
ever. and to secure at the same time
freedom from alarm on the part Of
those pursuing proper and progress
sive business methods, further legisla-
tive and executive action are needed.
! Relief Of the railroads from certain re-
strictions Of the antitrust law has
been urged by my predecessor and will
| - urged by me. On the other hand
the administration is pledged TO legis
latton looking to a proper federal su
pervision and restriction to prevent ex
cessive issues of bonds and stocks by
companies owning and operating inter
state commerce railroads.
Then, too, q reorganization Of the
department of Justice. OF the bureau
OF corporations in the department OF
commerce and labor. and of the inter
state commerce commission. looking
to effective cooperation Of these
agencies, is needed to secure q more
rapid and certain enforcement Of the
laws affecting interstate railroads and
industrial combinations.
hope to be able to submit At the
arst regular session of the incomins
congress. in December next, definite
suggestions in respect to the needed
amendments to the antitrust and the
interstate commerce laws, and the
changes required in the executive de
partments concerned In their enforce
ment.
Premisss Extra Session.
A matter of most pressing impor
lance IL the revision Of the tariff. In
accordance with the promises Of the
platform upon which I was elected
l shall call congress into extra session
TO meet on the fifteenth day Of March
In order that consideration may be at
once given to = bill revising the Ding
ley act This should secure an ade
auate revenue and adjust the duties in
such . manner a. to afford to labor
and to all industries in this country
whether Of the farm, mine or factory
protection by tariff equal to the diff
Terence between the cost Of production
abroad and the cost Of production
here. and have provision which
shall put into force, upon executive
determination Of certain facts. a high,
er or maximum tariff against those
countries whose trade policy toward
US equitably requires such discrimi.
nation. 1t is thought that there has
been such change in conditions since
the enactment of the Dingley act,
drafted on q similarly protective prin-
ciple. that the measure Of the tariff
above stated will permit the reduction
OF rates in certain schedules and will
require the advancement NJ So- 20