Devils Lake inter-ocean and Devils Lake free press. (Devils Lake, Ramsey County, N.D.) 1905-1909, 1909-03-05

INAUGURAL 1 / ! I. 1
ADORE 5
. |. Outlines Policy D | 6 Of } /
Administration.
PRAISE FOR ROOSEVELT
Speech Begins With Advocacy
Of Predecessors Reforms.
MANY QUESTIONS TOUCHED.
Incoming Presidents Ideas on
Trusts and Other Matters.
PRAISE FOR ROOSEVELT
MANY QUESTIONS TOUCHED.
Incoming Presidents Ideas on
Trusts and Other Matters.

My Fellow Citizens-Any one who
takes the oath have just taken must
feel a heavy weight of responsibility.
If 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 proper sense of the obliga-
ton which the oath imposes.
The Office Of an inaugural address is
to give summary outline Of the main
policies Of the new administration so
far as they can be anticipated. have
had the honor to be one Of the ad-
v1sers Of my distinguished predecessor
and as such to hold up his hands in
the reforms he has initiated. should
be untrue to myself, to my promises
ana to the declarations of the party
platform upon which was elected to
Office If I did not make the mainte
nance and enforcement Of those re-
forms a most important feature of my
administration. They were directed to
the suppression Of the lawlesspess and
abuses Of power Of the great combina-
tons Of capital invested in railroads
and in Industrial enterprises carrying
on interstate commerce. The steps
which my predecessor took and the
legislation passed on his recommends
ton have accomplished much, have
caused a general halt in the vicious
policies which created popular alarm
and have brought about in the bust
ness affected a much higher regard for
existing law.
-. Further Action Needed.
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 progressive
business methods further legislative
and executive action are needed. Re-
lief Of the railroads from certain re-
strictions Of the antitrust law have
been urged by my predecessor and will
be urged by me- On the other hand,
the administration is pledged to legis-
lation looking to proper federal SUI
pervision and restriction to prevent eX-
cessive issues Of bonds and stocks by
companies owning and operating inter
state commerce railroads.
Then, too, a reorganization of the de-
partment Of justice, Of the bureau Of
corporations in the department Of com
merce and labor and of the interstate
commerce commission looking to effec-
tive cooperation of these agencies is
needed to secure more rapid and GER
ing interstate railroads and industrial
combinations. ..a:-~ 80 ':t' &a
@ I hope to be able to submit at the
FIRST regular 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-
partments concerned in their enforce
ment. J.. =; s5.<, * &&&$Sss. :
Aaood and Bad Trusts.n'%s$*st J.. IL 49,
It is believed that with the changes
ito be recommended American bust
ness 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
essential to- the life and growth OF
all business. Such plan must include
the light Of the people to avail them
selves of those methods Of combining
capital and effort deemed necessary to
reach the highest degree OF economic
sefiiciency, at the same time diferenti-
Satdng between " combinat tons based
upon 1egft Innate economic reasons and
those formed with the intent OF Great
Ing monopolies and artifcially control
ling prices. & 55s
,Ehe work Of formula ting into prac-
EtfcaI shape such chang is creative
work ofs the highest order and requires
all the deIiberati lion possible Id the In
SergaI belie7e that the amendments
tos be proposed are just as necessary n
khe protect Ion of Leg innate business AZ
liz The eIfne hing Oh the reforms which
g1ropesIy bear the name Of my prede-
xssgo1
tssyiisaess 5of the 1Irsriiffss
81 most pressing iInpors
I'D nse iis tIie off ttIle tart1f In3
accordance with tie promises of thss
lpon " sT was elected, Al
caiI cons gess into extra session