The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1909-03-04

Washington. March Following
the ceremonies that marked his eleva-
tion to the office of chief executive Of
the United States, President TAFT de.
livered his inaugural address. as fol-
lows:
Ny Fellow Citizens: Any one who
takes the oath / have just taken must
feel heavy weight of responsibility.
If not he has no conception OF the
powers and duties of the Office upon
which he Is about to enter, or he Is
lacking in q proper sense of the obli-
cation which the oath imposes.
The ONCE OF an inaugural address
Is to give summary outline of the
main policies OF the new administra-
ton. 30 far as they can be anticipated
have had the honor to be one OF the
advisers Of my distinguished prede-
cessor, and as such, to hold up his
hands In the reforms he has Initiated
should be untrue to myself, to my
promises and TO the declarations of
the party platform upon which I am
elected 10 Office. II did not make the
maintenance and enforcement of those
reforms most important feature Of
my administration. They were d.
rected to 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 predeces-
sor took and the legislation passed on
his recommendation have accom-
plished much. have caused a general
halt IL the Vicious policies which Gre
eted popular alarm. and have brought
about In the business affected, q much
higher regard for existing law.
To render the reforms lasting, how
over, and to secure at the same time
freedom from alarm on the part Of
those pursuing proper and progres-
rive business methods. further legisla-
tive and executive action are needed.
ReHef OF the railroads from certain re-
stricuons OF the antitrust, law have
been urged by my predecessor and will
be urged by me On the other hand,
the administration Is pledged to legis.
iation looking to 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, 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 a moro
rapid and certain enforcement OF the
laws affecting Interstate railroads and
Industrial combinations.
L hope to be able to submit. at the
first regular session of the incoming
congress. in December next. definite
suggestions in respect to the needed
amendments 10 the antitrust and the
Interstate commerce law, and the
changes required In the executive de-
partments concerned In their enforce
ment
1t is believed that with the changes
TO be recommended. American busi-
ness can be assured of that measure
Of stability and certainty in respect To
those things that may be done and
those thist are prohibited. which Is es.
Benti " the life and growth of all
busihv,A. Such plan must include
the riisht of the people to avail them
selves OF those methods Of combining
capital and effort deemed necessary
TO reaNt shs highest degree OF econom,
ic eGlcieecy. at the same time dif
ferendating between combinations
based upon legitimate economic rea
sons and those formed with the inten,
Of creating monopolics and artificially
controlling prices.
The work OF formulating into prac
deal shape such changes Is creative
work OF the highest order. and re
ouires all the deliberation possible IL
the interval. believe that the amend
ments to be proposed are Just as neo
essary In the protection Of Legitimate
business as IN the clinching OF the re
forms which properly bear the nam,
Oh my predecessor.
Extra Session March IS to
Consider Revision Of Tariff
matter OF most pressing impor
tancc Is the revision OF the tariff. II
accordance with the promiyes Of tn,