The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1909-03-10

NY Fellow Citizens:
Any one who takes the oath I hav,
Just taken must feel heavy weigh,
Of responsibility. II not. he has M
conception OF the powers and dutie.
Of the once upon which ne Is abo u,
20 enter. or he Is lacking In a prop er
pense Of the obligation which the oath
inpoe&s.
the Office OF an inaugural address
- 20 give a summary outline Of the
Z main policies OF the new adminlstra-
:'cn. so far as they can be anticipat-
cd. I have had the honor to be one
OF tho advisers of my distinguished
predecessor. and rs such. to hold up
hIs hands In the reforms he has ini-
tiated. SHOULD be untrue to myself,
% my promises ana to the declara-
ton OF the party platform upon which
was elected to office. IL 1 did not
make the maintenance and enforce
. m<nt % those reforms most impcr-
tant feature Of my administration.
Tney were directed to the suppression
of tho lawleasness and abuses Of pow
tr Of the great combinations of capt.
tAI INVESTED In railroads and in indus
trial enterprises Carrying on inter-
ptaee commerce. The steps which my
I 1preoecossor took and the legislation
Iassed on his recommendation have
accomplished much. have caused a
xtnernI halt In the vicious policies
which created popular alarm. and
have brought about In the business
Affected. much higher regard for
(xIrtinE law.
10 render the reforms lasting. how
ever. and 10 secure at the same time
(reedorn from alarm on the part OF
tlloso pursuing proper and progres-
plyo bassinsss methods. further iegis-
1Atlve md executive action are need
ID Relief Of the railroads from cer-
, tain rostrictions OF the antitrust law
has been urged by my predecessor
end VIII be urged by me. On the
other hand. the administration is
pledged to legislation looking to a
prepcr federal supervision and re-
! sgriction to prevent excessive issues OF
bonds and stocks by companies own
ipg and operating interstate coin
EAercc railroads.
Their. too. a 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
"a effective cooperation OF these
agencies. Is needed to secure more
rapid and certain enforcement of The
laws affecting interstate railroads ant
industrial combinations.
Y hope to be able to submit. at the
Inrst regular session OF the incoming
congress. In December next defnit,
suggestions In respect to the needed
amendments to the antitrust and the
14<0aR@&&0 ioWs anu tu>
chansss required In the executive de
> partments concerned In their enforce
7 mont
a matter OF most pressing impor
tance 10 the revision OF the tarir. II
accordance with the promises of In,
platform upon which I was elected.
DyehaIi call congress into extra session
TO meet on the 15tn day of March
IN order that consideration may be a
once given to bill revising the Ding
ley act. This should secure an ade
quate revenue and adjust the duiie
In such q manner as to AFFORD to la
bor and to all industries In this colin
try. whether Of the farm. mine or fac
tory. protection by tariff equal to tn
difference between the cost OF produc
tion abroad and the cost OF produc
ton here. and have q provision which
shall put into force. upon executive
determination OF certain facts. a high
4 or Of maximum tariff against thos
countries whose trade policy towar'
us eqsiltably requires such discrimin
alton. II Is thought that there ha
been such change In condition
since the enactment OF the Dinsie
act. drafted on similarly protectiv
principle that the measure OF tn
tariff above stated will permit the re
duction OF rates In certain schedule
and VIII require the advancement o
few. n any.
In the making OF a tariff bill. tn
prime motive Is taxation. and the Sc
curing thereby OF revenue. Du
largely to the business depressio
which followed the financial panic q
..v.,nx frx,. c...t~.-.