Golden Valley chronicle. (Beach, Billings County, N.D.) 1905-1916, 1909-03-05
rAFT'S
INAUGURAL
ADDRESS
Outlines Policy Of
Administration.
PRAISE FOR ROOSEVELT
Speech Begins with Advocacy
Of Predecessors Reforms.
MANY QUESTIONS TOUCHED.
Incoming Presidents Ideas on
Trusts and Other Matters.
Incoming Presidents Ideas on
Trusts and Other Matters.

My Fellow Citt2CnA Any ono who
takes the oath I have Just taken must
feel Il heavy weight vi Responsibilities
II not. hr has II" conception vi tho
powers aud duties VI the office upon
which he IL about ,o cutrr or lie IL
lacking III II proper sruse of the chli:.a-
ton which the oath imposes
The office VI All inaugural Address is
to give Il summary outline NJ the main
policies " the now administration So
far as they can he anticipated. l have
had the honor to hc one VI the adj
visers Of my distinguished predecessor
and AS such to hold up his hands IN
the reforms lie has Initiated l should
I've untrue to myself. tn my promises
and to the declarations W the party
platform upon which was elected to
office II l did not make the maintc
nance and enforcement vt those re-
forms Il most important feature Of my
administration. They were directed to
the suppression VI the laWlcssnrSs and
abuses VI power VI the great combina-
tio,,s VI capital invested in railroads
and III Industrial enterprises carrying
Oh Interstate commerce.. Tho steps
which my predecessor took and the
legislation passed "n his Recommended
ton have accomplished much. have
caused general halt IN the vicious
policies which created popular alarm
and have brought about in the bust
ness affected 81 much higher regard for
existing law.
Further Action Needed.
To render tho reforms lasting. how
ever. and to secure III the Same time
freedom from alarm On the part OF
those pursuing proper and progressive
business methods further legislative
and executive action are needed. Re
lief of the railroads from certain re
strictions Of the antitrust law have
been urged Ivy my predecessor and will
be urged Ivy me- On the other hand.
the administration is pledged To legis-
lation looking to a proper federal SUI
pcrvts,on and restriction TO prevent eN-
ccssive issues Of bonds and stocks by
companies owning and operating inter
state commerce railroads.
Then, too. a reorganization of the de-
VArtmcnt of justice. OF the bureau Of
corporations in the department Of COM
n,crce and labor and of the interstate
commerce. commission looking 10 ctfec-
tive cooperation Of these agencies is
needed to secure 4 more rapid and Ger
tain enforcement Of the laws affect
ing Interstate railroads and industrial
combinations
l hope to be able to submit al the
first regular session Of the incoming
congress in December next definite
suggestions in respect to the needed
amendments to the antitrust and the
Interstate commerce law and the
changes required in the executive DC
partlnentS concerned In their enforce
uent.
Coed and Sad Trusts"
1t is believed that With the changes
to be recommended American bust
ness can be assured Of that measure ot
stability and certainty in respect ts
those things that may be done and
those that are prohibited. which is
essential to the life and growth Of
all business. Such q plan must include
the right Of the people to avail them
selves 81 those methods Of combining
capital and effort deemed necessary K
reach the highes, degree Of economi,
efficiency, at the same time Different
ating between combinations hasei
upon legitimate economic reasons and
those formed With the intent Of Great
ing n,onopoAes and artificially control
ling prices.
The work Of formulating into pres