Virginia gazette. [volume] (Williamsburg, Va.) 1893-192?, 1909-03-11

speech OF acceptance.
Niy Fellow itizens Anyone Vho
takes the oath have Just taken must
feel heavy weight Of responsibility
II not. he has no conception 90 the
powers and duties Of the Office upon
which Pc Is about 20 enter. or DE is
lacking in proper sense OF the Obli-
CATION WATCH the cath imposes.
The Once of Ar inaugural address is
to give summary outline of the
main policies of the new aiministra-
tion SO Tar as they can be- anticipated.
q have had the honor 70 be one OF the
f advisers 81 my distinEu shed prede-
. cessor. and as such 20 hold up his
hands Boz the reforms ne has initiated
ld Do untrue 20 myself. 20 my
promises and 20 the declarations of
the party platform upon which I was
elected 20 office 70 did not make the
maintenance and enforcement OF those
reforms most important feature OF
ms administration. They were di-
rected 10 the suppression Of the Law
lessness and abuses OF power % the
great combinations OF capital invested
Boz railroads and industrial enterprises
carrying on interstate commerce.
The steps which my predecessor took
and the legislation passed on his
recommendation have accomplished
che vicious policies which created pop
ular alarm. and have brought about.
BOZ the business Affected. a much high
~ regard for existing law
Relief for Railroads.
To render the reforms lasting how
ever. and 20 secure at the same time
freedom from alarm or the part OF
those pursuing proper and progressive
business methods. further legislative
and executive action are needed. Re
lief OF the rail roads from certain re-
strictions OF the antitrust law have
been urged by my predecessor and
viii Dee urged by me.
on the other hand. tho administra-
ton Is pledged 10 Legislation iookine
20 "a proper Federal supervision and
restriction 20 prevent excessive issue
of bonds and stocks by companies own
ing aud operating interstate commerce
railroads
Then too. a reorganization of the
Department of Justice. of the Bureau
of Corporations IN the Department OF
Commerce and Labor and OF the In
terstate Commerce Commission. look
ing 90 Effective cooperation of these
agencies is needed 10 secure more
rapid and certain enforcement OF the
laws affecting interstate railroads ald
industrial combinations
Revision OF TariiI
A matter OF most pressing import
ance is the revision of the tarin In
accordance with the promises Of the
platform upon which I vas elected.
shall can Congress into extra session.
20 meet on the 18th day OF March. be-
order that consideration may d. az
once given TO bill revising the Ding
ley act.
rms should secure an adequate rev
snue and adjust the duties in such a
manner as 20 afford 20 labor and 10 all
Industries In this country. whether OF
the farm. mine or factory. protection
by tariff equal 20 the difference be
tween 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 higher or maximum
tarin against those countries whose
trade policy toward as eQuItably re-
| Quires such discrimination.
| 10 H. thought that there has been
/ such q change in conditions since the
| enactment OF the Dingley act drafted
on a similarly protective principle
| that the measure OF the tariff above
stated viii permit the reduction OF
| rates ia certain schedules and viii
Il
"Strong Navy Rest
1 What has been said of the army may
Be affirmed IA even a more emphatic
! way OF the navy A modern navy can
: not De improVised. IL must be bull
and in existence when the emergency
. arises which calls for its use and ope
, ration
Ny distinguished predecessor has ia
many speeches and messages set OuI
with great force and striking language
the necessity .Cr maintaining q strone
navy commensurate with the coast
line the governmental resources and
the foreign trade OF onr nation. and
wish 20 reitsrate all the reasons which
ne has presented In favor OF the pol'cs
OF maintaining a strong navy as the
best CONSERVATION Of ear peace viii
other nations and the best means OF
securing respect for the assertion Of
our rights. the defense OF our inter.
ests and the exercise OF our influence
IN international matters
Change Banking Laws.
One OF the reforms 10 be carried GU
during the incoming administration Il
a change of our monetary and bank
ing laws so as 10 secure greater elias
ticity In the forms Of currency avail
able for trade and 90 prevent the lin
stations Of Law from operating 10 IN
crease the embarrassments Of tnan
cial panic
The Monetary Commission latel'
appointed Is giving full consideration
60 existing conditions and 20 all Dro
J. posed remedies, and VIII doubtles
suggest one that will meet the re
quirements of business and o. publi
interest We may hope that the re
port will embody neither the narrc'
view OF those whs believe that IN