The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1909-03-04
The Presidents Message.

49, he"'s Wright VI Responsibility.
II not, he has no conception Of the
powers and duties of the Office upon
which he Is about TO enter or he is
hacking in proper sense Of the obllga-
tion which the oath imposes.
The Office Of nm inaugural address f.
70 give a summary outline OF the main
policies OF the new administration so
far as they can be anticipated. have
had the honor TO be one OF the adj
vlsers Of my distinguished predecessor
and as such TO hold up his hands in
the reforms lie has initiated. should
be untrue TO myself. 10 my promises
and 20 the declarations of the party
platform upon which was elected TO
Office II ! did not make the mainte
nance and enforceuent Of those re-
forms a most important feature OF my
administration. They were directed to
the suppression OF the lawlessness and
abuses Of power Of the great comblna-
tions Of capital invested in railroads
and In Industrial enterprises carrying
on interstate commerce. The steps
which my predecessor took and the
legislation passed on his RECOMMENDED
tion have accomplished much. have
caused general halt In the vicious
policies which created popular alarm
and have brought about IN the bnsl
ness affected much higher regard for
existing law.
Further Action Needed.
To render the reforms lasting. how
ever. and 10 secure at 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
strictlons Of the antitrust law have
been urged by my predecessor and VIII
be urged by me On the other hand.
the administration Is pledged to lcgls-
lation looking 20 proper federal SUI
pervision and restriction to prevent ex-
cesslye issues Of bonds aud stocks by
companies owning and operating inter
state commerce railroads.
Then, too. a reorganization Of the de-
partment OF justice. OF the bureau Of
corporations in the department Of com
merce and labor and of the Interstate
commerce commission looking to effec-
tive cooperation OF these agencies Is
needed 10 secure n more rapid and GER
tain enforcement Of the laws affect
ing interstate railroads aud industrial
combinations.
hope TO be able 10 submit NJ the
first regular session Of the Incoming
congress In December next definite
suggestions In respect to the needed
amendments to the antitrust aud the
Interstate commerce law and the
changes required In the executive de-
partments concerned In their enforce
ment
@oood and Bad Trusts"
II Is believed that with the changes
20 be recommended American bust.
ness can be assured Of that measure ~
stability and certainty IN respect 20
those things that may be done and
those that are prohibited. which is
essential 10 the life and growth Of
all business. Such plan must Include
the right Of the people to avail them
selves OF those methods OF combining
capital aud effort deemed necessary TO
reach the highest degree OF economic
efficiency. az the same time dinerenu-
ating between combinations based
upon legitimate economic reasons and
those formed with the intent OF Great
ing mouOpOlles and artifcinlly control
ling prices.
The work Of formulating into prac-
teal shape such changes Il creative
work OF the highest order and requires
all the deliberation possible In the in
teryal. ] believe that tide amendments
10 be proposed are just as necessary In
the protect OF legitimate business as
In the clinching of the reforms which
properly bear the name of my prede'
cessor.
Revision Of the Tariff.
A matter Of most pressing lmpor'
lance Is the revision Of the tariff. In
accordance with the promises OF the
platform upon which was elected.
shall call congress ln:o extra session
to meet on the 10Th day or March, IN
order that consideration may be at
once given 90 a bill revising the Ding
ley act. This should secure an ade-
quate revenue and adjust the duties I'm
such manner as 10 afford to labor
and 20 all industries I'm this country.
whether OF the farm. mine or factory.
protection by tariff equal TO the differ
ence between the cost OF production
abroad and the cost OF production here
and have a provision which shall put
into force. upon executive determine
tion of certain facts. higher or maxi
mum tariff against those countries
whose trade policy toward us equitably
requires such discrimination. II is
thought that there has been such
change In conditions since the enact
ment OF the Dingley act. drafted ON
similarly protective principle, that the
measure of the tariff above stated Will
permit the reduction Of rates In certain
schedules and will require the ad-
vancement OF few, II any.
The proposal to revise the tariff
made in such an authoritative way as
10 lead the business community TO