The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-03-05


concerned In their enforcement
IL IL believed that with the changes
10 be recommended, American business
can be assured Of that measure of sta
biltty and eertsfnty In respect 10 those
things that may be done and those that
sre prohibited, which IL essential To the
life and growth OF all businsss. such
q plan must include the right Of the
people To avail themselves OF those
methods OF combining capital aud ets
fort deemed necessary 90 reach thu
highest degree of economic Efficiency
az the same time dtnerentisting he
tween combinations based upon iesiti-]
mate economic reason. and those
formed with the intent of creating mo-
nopoiies and artincisiiy controlling
prices.
The work of formulating into prac-
tical shane such-chanxes- ls-eEeattsa
Work or the highest order. and requires
all the deliberation possible In the In
tervaL l believe that the amendments
10 be proposed are just as necessary
In the protection OF Legitimate business
as IN the clinching ~ the reforms
which properly bear the name OF my
predecessor.
A matter OF most pressing Import
ance is the revision OF the tarif In
accordance with the promises OF the
platform upon which | was elected, |
shall call congress into extra session.
To meet on the fifteenth day OF March.
In order that consideration may be at
once given 70 a bill revising the Ding
lev act
This should secure nm adequate rev.
enu~ and adjust the duties In such "a
manner as Ia AFFORD Ia labor and tn all
industries In this country, whether ga
the farm. mine ar factory, protection
by tarin equal Ia the difference he
tween the cost Of production abroad
and the cost Of production here, and
have "a provision which shall put Into
force. upon executive determination az
certAtn facts. higher maximum
trade policy toward u- eauitabIy re-
qutres sucb determination.
II - thought that there has boon
such change in conditions since the
enactment or the Dlngley act. drafted
| on similarly protective principle, tina
the measure OF the tarin above stated
Will permit the reduction OF rates IA
certain schedules and Will require the
advancement OF few, IL any.
Revised rnrIn VIII Restore Confidence.
The proposal 10 revise the taIir made
In such an authoritative way as TO lead
the business community TO count upon
IL necessarily halts all those branches
or business directly affected, and as
these are most important II disturbS
the whole business OF the country IL
~ inperatiNelN necessary, therefore.
that a tarin bill be- drawn In good faith
In accordance with promises made be-
fore tie election by the party In pow
Ell, and as promptly passed as due con
sideration VIII permit
IL Is not that the tariff Is more i'm
portant in the long run than the per
fecting OF the reforms in respect to
antitrust legislation and Interstate
commerce regulation. but the need FOR
action when the revision OF the tarir
has been determined upon 10 more inn
mediate To avoid embarrassment or
business. To secure the needed speed
In the passage OF the tariff bill, 1T
would seem wise 10 attempt no other
legislation at the extra session. | ven
ture this as a suggestion only. for the
course TO be taken by congress. upon
the call OF the executive, Is wholly
within its discretion.
Must Wipe Out Deficit.
In the making OF a tariff bill the
curing thereby Of revenue. Due
largely to the business depression
which followed the financial panic OF
1907 the revenue from customs and
other sources has decreased to such an
extent that the expenditures FOR the
current fiscal year will exceed the re-
ceipts by Sl0o.ooO.oOo IL Is impera
tive that such deficit shall not con
tirue. and the trainers or the tarin Bill
must OF course. have in mind the total
revenues likely TO be produced bv H.
and so arrange the duties as 10 secure
an adequate Income.
should IL be Impossible to do so by
import duties, new kinds Of taxation
must be adopted. and among these l
recommend a graduated Inheritance tax
as correct In principle and as certain
and easy of collection.
Inc ODt1kdtlOn on lHe NdIl VI 'HOSt
responsible for the expenditure MADE
to carry on the government, TO be as
economical as possible. and TO make the
burden of taxation as light AZ possible.
D. plain and should be affirmed in every
decla ration of government policy,
The putting into force OF laws whlcn
shall secure the conservation OF our
resources 80 far as they may be within
the Jurisdiction OF the federal govern
ment. including the most Important
work Of saving and restoring our Tor
TINS Fng A nj
waterways, are all proper government
functions which must involve large eN-
penditure II properly performed. While
some OF them, like the reclamation or
arid lands, are made To pay for them
selves. others are OF such an Indirect
benefit that this cannot be expected or
them.
Canal should he Paid for by Bonds.
permanent Improvement. like the
Panama canal. should be treated as a
distinct enterprise. and should De psld
for by the proceeds or bonds' the issue
OF which Will distribute Its cost be-
tween the present and future genera
tons in accordance with the Dement'S
derived.
There are expenditures OF govern
ment absolutely necessary II our coun-
try Is to maintain it's proper place
among the nations OF the world.
We should have an army 80 organ
fxed mud 40 ofncered ms TO be cnpabie
I'm time Of emergency. In co-operation
with the national militia. and under
the prOyistOns OF proper nntton"t
volunteer law, rapidly to expand INTO
a force sufficient 10 restst all probabie
Invasion from abroad. aud 20 furnish
a respectable expedittonary force ~
u~ce.sary, In the maintenance Of our
traditional American policy when
benrs the name OF President Monroe.
"Navy Hest ConservatOr of Pence"
What mas been said OF the army
may be affirmed In even more EN-
phatic way Of the navy. A modern
navy cannot lie improvised. IL must
be built ard in existence when the
emergency arises which calls Tor It's
use aud operation.
4 strong navy IL the best conserva-
tor of our peace with other nations ana
the best means of securing respect for
the assertion Of our rights. the defense
of our interests and the exercise OF our
influence In international matters.
We favor every fundamentally, IKE
that OF The Hague tribunal and arbi-
tration treaties made with View To It's
use In all International controversies.
I'm order to maintain peace and 10 avoid
war
stand on Asistic Question.
We must take every precautlon 10
prevent outbursts OF race feclinE
among our people against foreigners or
whatever nationality who nave ny our
grant treaty right to puIsue lawful
business here and to be protected
against Iawless assault or injury.
THIS leads me to point out serious
defect in the present federni Jurtsdic-
ton which ought to be remedied At
once Having assured to other coun-
tries Nv treaty the protection or our
laws FOR such OF their subjects or cfti-
zcns as W, tsimit TO come within our