The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1909-03-04

INAUGURAL q !
ADDRESS 5
Dli!iil /: P0lI ID:
Administrations d
PRAIls!E j ] Q! ROOSEVELT L! /.
Speech Begins With |. Advocacy 4 l'1
OfsPigdecessor's; Reforms.
all!AHIySQuEEs|I'llIoN's' TOUCHED /;
.aIllle;ol!nIlings Presidents Ideas on
1lIustsIand Other Matters.
lAlbI'ysQuEs|I'llI|o|N's J. TOUCHED.
E2a|!llg;o!l!mII!inlg Presidents Ideas on
Tiusts5and Other, Matters.

SSss1: MY Fellow Citizens---Apy one who
takes the oath ! have Just taken must
Heel Va heavy weight !of responsibility.
llf 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 a proper sense Of the obliga-
ition which the onth imposes. III.
1SSThe office Of an inaugural address Is
.to give d summary outline Of the main
policies Of! the new administration so
Ear as they canibe anticipated. have
ilhad THE honor to be one Of the i'd
,Wlsers of my distinguished predecessor
land les such to hold up bis hands In
the reforms he lhas Initiated. I should
iIbes untrue to myself, to my promises
and TO the declarations Of the party
platform upon which I was elected to
IIoflce Ill did not make the maInte
3[nance 4and l enforcement Of those re-
forms d most important feature Of my
administration. They were directed to
1.-THE: suppression Of the lawlessness and
ABUSES OF power Of the great combIna-
EItlons Of capital Invested In railroads
land In Industrial enterprises carrying
|oSnn Interstate commerce. The steps
which my predecessor. took and the
Legislation passed on his recommcnda
|tlon have accomplished much have
caused sas genera halt in the vicious
policies which created popular alarm
and Fhnve brought about in the bust
ness affected a much higher regard for
existing law. y
;I Further Action Needed. y
III TO render the reforms lasting, how
aver, and to secure at the same time
Freedom from alarm on the part of
those pursuing proper and progressive
business methods further legislative
and executive action IRE needed. Re.
lAlef $of the railroads from certain re-
!anictions Of the antitrust law have
been, urged by my predecessor and Will
he urged by me. On the other hand,
lIthe administration is pledged to legls'
lHation looking to proper federal sl'
iperyislon and restriction to prevent e1-
scessiye issues OF bonds and stocks by
companies owning and operating inter
state commerce railroads. 5t'.t,5
555SThen, too, a reorganization Of the de-
spartment Of Justice. Of the bureau Of
corporations In the department Of com.
3|merce and labor, md of the interstate
commerce commission looking to etfec'
tive cooperation Of these agencies Is
needed to secure more rapid and Ger.
IStain enforcement Of the laws affect
ang Interstate railroads and Industrial
combinations. 4
SIX hope to be able ito submit at the
!nrst fregular, 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 de-
'partmdnts concerned IN their enforce
|ment. s-4
alGood and Bad Trusts"
n II is believed that with the changes
;koS be I recommended American bust'
ness can be, assured Of TINT measure Of
stability and certainty In respect to
those things that may be done and
those that are prohibited. which Is
essential to 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 and effort deemed necessary to
reach the; highest degree Of economic
efficiency at the same time different.
Entlng 1; between combinations based
Upon Legitimate economic reasons and
those formed with tho intent of GREAT
Ing monopolles and artlncially contFol-
Hing prices. IL N.
4 lSThes work Of formulating into prac.
Mcal shape such changes Is creative
work of the highest order and requires
all the dellberation possible In the In
terval. NJ believe that the amendments
10 DO proposed are Just as necessary IN
IEheI protection Of Legitimate business as
In the elinehlng OF the reforms which
properly bear the name Of my prede-
4 Revision Of tho Tariff.
4 matter Of most pressing impor.
kance lis the revision Of the tariff. In
Accordance with the promises Of the
platform upon which ! was elected, !
ihhall$ call congress Into extra session,
g g 10 4 t5.;t5t n