Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1909-03-10
INJUNcTloNAL RIGHTS DE-
cLARED TO BE OF FUNDlA-
MENTAL IMPORTANCE.
HONEST TARIFF REVISION PROM
lsED AND POSTAL SAVINGS
BANKS FAVORED.
GENERAL PURPOSE TO CONTINUE
POLICIES OF LAST ADMIN
ISTRATION.

Washington, March SIN his in
augural message President Taft de-
clared emphatically that to take from
the courts the power to issue iniunc-
tons would be to create a privileged
class; that the secondary boycott is
an instrument of tyranny; that an in.
heritance tax, postal system. and an
elastic currency are desirable. PreSi-
dent Taft is for big navy, a strong
army, for railway pooling and for
honest tariff revision.
Judge Taft declared that he had
the honor to be one of the advisers of
ms predecessor. and as such, to hold
up his hands in the reforms he has
initiated. Il should be untrue to N.Y.
self, to my promises and to the dec
larations OF the party platform upon
which l was elected to office, if l did
nc. make the maintenance and en-.
forcement of those reforms a most i'm
portant feature of my administration. Z"
he added. They were directed to the
suppression of the lawlessness and
abuses OF power of the great combi-
nations OF capital invested in rail.
roads and in industrial enterprises
carrying on interstate commerce. he
continued. The steps which his pred.
ecessor took and the legislation
passed on his recommendation have
accomplished much, have caused a
general halt in the vicious policies
which created popular alarm, and
have brought about in the business
affected, a much higher regard for
existing law.
Relief to Railroads.
To render the reforms lasting. how.
ever, and to secure at the same time
freedom from alarm on the part of
those pursuing proper and progress
sive business methods, further legis.
lative and executive actic are need
ed. Relief of the re lroads from
certain restrictions of tie antitrust
law will be urged by him. On the
other hand, the admi istration is
pledged to legislation Jol1ing to a
proper federal supervision and re-
striction to prevent excessive issues
of bonds and stocks by companies
owning and operating interstate com
merce railroads.
1t is believed that with changes to
be recommended, American business
can be assured of that measure of
stability and certainty in respect to
those things that may be done and
those that are prohibited, which is es-
sential to the life and growth of
all business. Such a plan must in.
clude the right of the people to avail
themselves of those methods of com
bining capital and effort deemed nee
essary to reach the highest degree of
economic efficiency, at he same time
differentiating between combinations
based upon legitimate economic rea-
sons and those formed with the intent
of creating monopolies and artificially
controlling prices.
Fronest Tariff Revision,
A matter of most pressing impor-
lance is the revision of the tariff. In
accordance with the promises of the
platform upon which he was elected.
President Taft said he would call
congress into extra session, in order
that consideration may be at once
given to a bill revising the Dingley
act This should secure an adequate
revenue and adjust the duties in such
a manner as to afford to labor and to
all industries in this country, whether
on the farm. mine or factory, protec-
ton by tariff equal to the difference
between the cost of production abroad
and the cost of :, e Tction here and
have a provision which shall put into
force. upon exec e determination
of certain facts, a higher or maxi
mum tariff st those countries
whose trade poil toward us equit-
ably requires such discrimination. It
is thought that there has been such a
change in conditions since the en-
actment of the Dingley act, drafted on
a similarly protective principle, that
the measure of the tariff above stated
viii permit the reduction of rates in
certain schedules and will require the
advancement of few. if any.
The proposal to Use the tariff
made in such an authoritative way as
TO lead the business community to
count upon it. necessarily halts all
those branches of business directly al
fected. and as these are most impor-
tant. 1t disturbs the whole business
OF the country. It is imperatively
necessary. therefore, that tariff bill
he drawn in good faith in accordance
with promises made before the cleo
ton by the party in power. and as
promptly passed as due consideration
will permit 1t is not that the tar
if is more important in the long run
than the perfecting of the reforms in
respect to antitrust legislation and
interstate, commerce regulation, but
the need for action when the revision
OF the tariff has been determined up
on. is more immediate TO avoid en-
harras+ment OF business. To secure
the needed sped in the passage Of
the tariff bill. it would seem wise 10
attempt no other legislation az the ex-
ira session. Mr, Taft. however ven
lures this as a suggestion only for
the course to be taken by congress