Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1909-03-10
TAFT 5
VIEWS
Injunction Essential, the
Secondary Boycott
Tyrannous
No Foolish Idealism Re-
garding Everlasting
World Peace
Pooling, Tariff Revision,
Elastic Currency,
Postal Banks

Washington. March Sin his in
augural message President Taft de-
clared emphatically that to take away
from the courts the power to issue
injunctions would be to create a priv
ileged class; that the secondary boy
colt is an instrument of tyranny; that
an Inheritance tax, a postal savings
system, and an elastic currency are
desirable. President 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
his predecessor, and as such, to hold
up his hands in the reforms he has
initiated. 81 should be untrue to N.Y.
self, to my promises and to the declar-
ations of the party platform upon
which l was elected to Office, if l did
not make the maintenance and en-
important feature of my administra-
tion,'' he added. They were directed
to the suppression of the lawlessness
and abuses of power of the great com
binations 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
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
i've business methods, further legis-
lative and executive action are need
ed. Relief of the railroads from
certain restrictions of the antitrust
law will be urged by him. On the
other hand, the administration is
pledged to legislation looking 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 the same time
differentiating between combinations
based upon legitimate economic rea-
sons and those formed with the intent
of creating monopolies and artificial
ly controlling prices.
Honest Tariff Revision.
A matter of most pressing impor
lance is the revision of the tariff. In
accordance with the promises of the
President Taft said he would call
congress into extra session, in order
that consideration may be at once
given to bill revising the Dingley
act This should secure an adequate
revenue and adjust the duties in such
manner as to afford to labor and to
all industries in this country, whether
on the farm, mine or factory. protec-
tion by tariff equal to the difference
between the cost of production abroad
and the cost of production here. and
have provision which shall put into
force, upon executive determination
of certain facts, a higher or maxi
mum tariff against those countries
whose trade policy toward us equit-
ably requires such discrimination 1t
is thought that there has been such
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
will permit the reduction of rates in
certain schedules and will require the
advancement of few, if any.
The proposal to revise 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 af-
fected, and as these are most import