The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1909-03-05
INAUGURAL DELIVERED BY
NATIONS NEW CHIEF
EXTRA SESSION IS M
Congress viii Meet March IS to Take
Up Tariff Observation-Disclosures Army
and Navy Urged-Panama Canal
Heartily Approved-Southern Race
Problem and Labor Legislation
Discussed.

WV ~ DSSA
executive of the nation, delivered IN
inaugural address that was listened to
with great interest. In part it vas as
follows:
My Fellow Citizens: Any n who
takes the oath l have just taken must
feel a heavy weight OF responsibility.
If not, he has nc conception Of the
powers and duties of the Office upon
which he is about to enter, or he is
lacking in a proper of the obi
cation which the oath imposes.
The office of an inaugural address
is to give a summary outline of the
main policies of the new administra-
ton, SO far as they can be anticipated.
| have had the honor to be one of the
advisers Of my distinguished prede-
ceSSor, and as such, to hold up his
hands il the reforms he has initiated.
| should be untrue to myself, to my
promises and to the declaration of
the party platform upon which l am
elected to Office, if l did not make the
maintenance and enforcement of those
reforms a most important feature of
my administration. They were d.
rected to the suppression of the law
lessness and abuses of power Of the
great combinations of capital invested
in railroads and in industrial enter
prises carrying on interstate COM
merce. The steps which my predec-
sor took and the legislation passed on
his recommendation have accom-
plished much, have caused a general
halt in the vicious policies which Gre
ated popular alarm, and have brought
about in the business affected a much
higher regard for existing law.
More Legislation Needed.
To render the reforms lasting, how
ever, and to ecure at the same time
freedom from alarm on the part Of
those pursuing proper and progress
business methods, further legisla-
tive and executive action are needed.
Relief of the railroads from certain re-
strictiOns OF the antitrust law has
been urged by my predecessor and will
be urged by me. On the other hand,
administration is pledged to legis-
lation looking to a proper federal SUI
pervision and restriction to prevent ex-
issues of bonds and stocks by
owning and operating inter-
commerce railroads.
Then. too, a reorganization of the
of justice, of the bureau
Of corporations in the department of
commerce and labor, and of the inter-
state commerce commission, looking
to effective cooperation of these
agencies, is needed to secure a more
rapid and certain enforcement of the
affecting interstate railroads and
industrial combinations.
1 hope to be able to submit at the
regular session Of the incoming
congress, in December next, definite
in respect to the needed
amendments to the antitrust and the
commerce laws, and the
required in the executive de-
concerned in their enforce
ment.
A matter of most pressing impor-
lance is the revision of the tariff. In
accordance with the promises Of the
platform upon which l was elected,
shall call congress into extra session,
10 meet IN the fifteenth day of March,
n order that consideration may be at
once given to a bill revising the Ding
ley act. This should secure an ade-
luate revenue and adjust the duties in
such a manner as to afford to labor
and to all industries in this country,
whether of the farm, mine or factory,
by tariff equal to the diff
between the cost of production
abroad and the cost of production
here, and have a provision which
shall put into force, upon executive
determination of certain facts, a high
sr or maximum tariff against those
countries whose trade policy toward
is equitably requires such discrimi- |
nation. 1t is thought that there has
been such a change in conditions since /
he enactment of the. Dingley act,
on a similarly protective prin-
,iple, that the measure of the tariff |
lbove stated will permit the reduction
If rates in certain schedules and will |
the advancement Of few. II
my.
Money Needed for Big Projects.
The putting into force of laws which
hall secure the conservation of our
esources, 30 far as they may be with |
n the jurisdiction of the federal gov
rnment, including the most impor-
ant work OF saving and restoring our
orests, and the general Improvement
f waterways. are all proper govern
nar* functions which must involve
arge expenditure if properly per-
While some of them, like the
Exclamation of arid lands, are made
D pay for themselves, others ARE Of
UGH an indirect benefit that this can
be expected of them. "A perma-
Ient improvement, like the Panama
anal, should be treated as a distinct
Enterprise, and should be paid for by
he proceeds Of bonds, the Issue OF
which will distribute its cost between