The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1909-11-10
.K.EY.NOT OF The
COMING
Taft Will Declare for the
Roosevelt Policies.
TO STOP STOCK WATERING

President Will Recommend the Estab.
lishment Of a Tribunal to Regulate
the Issue of Railroad Securities.
Would Amend Antitrust Law to
confine It's Scope to Combinations
to Suppress Competition. :
Augusta, Ca, Nov. The keynote
OF President Taft's message to the
coming session of congress will be
this statement:
This administration was elected on
platform that we proposed to carry
out the policies of Theodore Roose.
welt and we propose to keep that
promise"
The president reserves to himself
the right to decide what these policies
are. He has said in public addresses
tnat he, more than any other man,
perhaps, has been in a position to
know just what Roosevelt did OF did
not believe.
Mr.. Taft will recommend a court of
live members in order that when the
interstate commerce commission shall
decide rate is unreasonable a rea.
sonable rate may he made at once,
with no appeal on the part of the
railroads except to the supreme court
This is to make the Hepburn rate
bill effective.
There will be also a recommends.
ton of tribunal that will pass on
how many bonds and how many
shares Of stock every Interstate rail-
road may issue to prevent the water
ing of stock
To Reorganize Departments.
To further expedite the work of
making railroads obey the law the
president will recommend reorgani-
cation of the bureau of corporations,
the interstate commerce commission
and the department of Justice that
they may work progressively and not
stumble over one another as they are
under the present system.
The president will recommend that
the antitrust law be amended to mar
row and confine 1t to combinations
and conspiracies to suppress competi-
ton and establish monopolies and to
leave ont the denunciations of general
restraints of trade. He will not rec
ommend that labor unions be spe-
officially exempted from the operation
OF the law, but the effect of the amend
ment, he admits, will be to put labor
outside the law. decided by the SUI
preme court that boycotts are VIOLA
ton Of the Sherman act.
Postal savings banks will be urged
President Taft will recommend con.
tinuance and extension of the con-
servatlon of natural resources and
reclamation of arid lands. He will
say that these subjects include also
retention of control over the water
power sites by the government so that
it may regulate rates charged for the
power furnished and retention of con.
troll Of coal, Gil and phosphate lands
that the government may prevent the
use of those lands by monOpOlies.
Extension of Harbor Work.
On the subject Of waterways the
message will recommend continuance
and extension of harOor work, such
as the San Pedro harbor on the Cali
fornla coast, but his recommendations
for work on the inland waterways will
be most conservative. The president
saw lot ON. his trip down the Missis-
sippi river, but his conclusions did not
encourage the inland waterways boom
ers, who went to great expense to
show the river to him.
Regarding the Mississippi the presi-
dent will go no farther in his mes
sage than to recommend continu-
ance of the protection of the banks at
b the bends. where the current is cen
stantly cutting. Outside of that it
will be the position of Mr.. Taft that
no Improvement shall be undertaken
until engineers have approved its fea-
sibility and have estimated its cost.
The president will not make any
recommendations for monetary legis-
laticn, leaving that to the next con-
Eress.
Commission government for Alaska
will be recommended.