Putnam patriot., 1909-03-05
hFT'S
INAUGURAL
ADDRESS
Outlines Policy of
Administration.
PRAISE FOR ROOSEVELT
peech Begins With Advocacy
Of Predecessors Reforms.
...-...r.~ ~n..Anrn
MANY QUESTIONS TOUCHED.
incoming Presidents Ideas on
Trusts and Other Matters.


Ny Fellow Citizens Any one who
takes the oath have Just taken must
feel n heavy weight OF responsibility.
II not. - has no conception OF the
bowers aud Gaties Of the office upon
which he IL ab5ut 10 enter or he IL
lacking In n proper sense of the ohliga'
tfon which the OATH Imposes.
The office Of M Inaugural address Is
to give n summary outline ef the main
palIeles Of the new administration 80
far AZ they can be anticipated. ! have
had the honor 10 lee one ef The al
visefs Of ms distinguished predecessor
and ae sueh 10 bold NJ his hands IN
the reforms he haa initiated should
be untrue te mF ~ 10 NY promises
and ia the declarations Of TIM party
Platform upon which | WIS ELECTED 70
ofgire II did hot maEe TIE mainle
nae and enforcement of tboHf re-
forms a most Important feature Of mg
administration They were directed 10
The suppression # the la~iessHess AID
abuses u power Il the great eemblna-
lions Of eapitni Invested Ia railroads
and III iuduktrlal enterprises carrying
on Interstate commerce The steps
which my pfedete ssaf took md the
legislation passed an his feeommenda
ton have accomplished much. have
caused a general hait Ia the vicious
policies which created popular alarm
and hive brought about In the hnsi
ness affected a much higher reenrd for
existing law.
Further Action Needed.
To render the reforms lasting, how
ever. aud To SECURE nj the same time
Freedom from ainfm on the part al
those pursuing proper aud progressive
t,naiitsNs methods further legislative
aud executive action are needed lie.
lief Of the railroads from certain re-
sfriefions OF The anti trust law have
been urged bs my predecessor aud viii
he urged hy me TN the other hhhd,
the administration IN pledged Ia lests.
intlon hooking To a proper federal ~
pervislon aud restriction 10 prevent cA-
ressiye lssnes of hauds aud stacks rs
companies owning and operating inter.
state commerce railroads.
Then, too, a reorganization of the de.
yartmeni Of justice. of the bufeau 81
corporations tn thc department OF com
merre aud labor aud Of the Interstate
commerce commission looking to effec-
tive corporation of these agencies IL
needed 10 secure more rapid aud Ger
tain enforcement Of the laws affect
ing Interstate railroads and industrial
combinations.
1 hope 10 he able 10 submit at the
frst regular session Of the Incoming
congress IN December next definite
suggestions In respect To the needed
amendments 20 the anti trust and the
Interstate commerce law and the
changes required Ina the executive de
lsartments concerned In their enforce
ment.
"cced and Bad TRUSTS"
II Ii believed that With the changes
Co be recommended American bust
ness can be assured 81 that measure of
stability and certainty IN respect To
those things that amy he done aud
those that ARE prohibited. which Is
essential 90 the life and growth OF
all business. such plan must include
the right OF the people 10 avail them
selves 81 those methods Of combining
rnpitai and effort deemed necessary 10
reach the highest degree Of economse
efficiency. N the same time tiiferenti.
stlng between combinations based
upon legitimate economic reasons and
these formed with the intent Of Great
Ing monapalies and artinclally control.
ling prices
The work Of formulating into prac-
sscal shape such changes is creative
work Of the highest order and requires
nh the dellheration possible IN the In
tersai | believe thai the amendments
" he proposed are jast as necessary In
the protection Of legitimate business as
Ia the ciinchlng ~ the reforms which
properly bear the name Of my ptede
cessor
Revision Of the Tariff.
4 matter 81 m0st pressing lmpor
fanee Is The revision II the tariff In
secardance with the Promises II the
platform apsn which was elected |
shall ean eena.ress into extra session.
70 meet 90 the 18th das of March IN
srsier that consideration may be AT
snce given 10 bill revising the Ding.
hey act This should secure an AIDE.
quate revenue aud adjust the duties Ia
such nsanner as 70 afford Il labor
and 10 all Industries lh this country
whether of the faraa, niAe ar factory
protection ~ tarla equal e. the differ
ence between The e,ssi ef pr,-sas ilon
ahroad aaa the eeSt ~ prsssufgiun hers
and have a provision whleh sha3l pul
int farae. apan executive defsrmins
alon Il certain facts. = higher ~ maxi
mum garis against thpse eeualgle'
tbese trade policy toward as equlgaa.s
requires such Discrimination Il Il
fisuusAt that there has heen such .
shgage II eunasiens slace The enact.
msrE ~ the illnsies act drafted IN =
similarly proEpesiye principle, that the