Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-03-04
PRESIDENT TAFT'S
INAUGURAL ADDRESS
Outlines Policy Of Administration Praises Roose-
Welt. Advocates Predecessors Reforms Main.
tenance Of Army and Navy and Adoption
Of Ship Subsidies and Pos al
Savings Banks

to lead the business community t.
count upon 1T necessarily halts al
those branches of business directly
affected, and as these are most I'm
portant it disturbs the whole business
of the country. 1t IS imperatively nee
essary, therefore, that a tariff bill be
drawn in good faith i'll accordance
with promises made before the cleo
ton by the party in power and as
promptly passed as due consideration
viii permit.
Inheritance Tax Advocated.
In the making Of tariff bill the
prime motive is taxation and the Sc
curing thereby of a revenue. Due
largely Ito the business depression
which followed the financial panic OF
1907. the revenue from customs and
other sources has decreased TO such
an extent that the expenditures fol
the current fiscal year will exceed the
receipts by $1oO,000.ao0. 1t is impera.
tive that such Il deficit shall not con
tinue, and the trainers of the tariti
bill must Of course have in mind the
total revenues likely to be produced by
1t and so arrange the duties as to Sc.
cure an adequate income. Should 1t DE
impossible to do so by import duties
new kinds OF t,txatso1l must be adopt
ed, and, among these' ! recommend y
graduated inheritance tax as c'odrress.
in principle and MS certain r5tir and easy q
collection ggrf e.faij.gfa @ NJ
Government Economy Urged. S
The obligation on the part OF those
responsible for the expenditures made
to carry on the government to be as
economical as possible and TO make
the burden Of taxation as light as poss
sible is plain and should be affirmed W
every declaration of government pol.
lev. This Is especially true when we
are face. to face with heavy deficit
But when the desire to win the popus
lar approval leads to the cutting OF OF
expenditures really needed to make
the government effective and to en-
able it to accomplish its proper objects
the result is as much to be condemned
as the waste of government funds ID
unnecessary expenditure. y
In tile department of agriculture the
use Of scientific experiments Oh a large
scale and the spread of information
derived from them for the improve
ment- Of general agriculture, must go
on
The Importance of supervising BUSH
ness of great railways and Industrial
combinations and the necessary inyes-
stigation and prosecution of unlawful
business methods are another neces-
sary tax upon government which cid
not exist half a century ago. ~
Proper Forms of Expenditure:
The putting into force Of laws which
shall secure the conservation OF our
resources so far as they may be with
in the jurisdiction Of the federal gov
eminent, Including the most Important
work of saving and restoring our for
ests, and the great Improvement Of wa
terways are MI proper government
functions which must involve large
expenditure if properly performed.
While some Of them, like the reclama-
ton of arid lands, are made to pay
for themselves, others are OF such an
indirect benefit that this cannot be ex-
pected of them. A permanent i'm
provement. like the Panama canal,
should be treated as distinct enter-
prise and should be paid for by the
proceeds Of bonds, the issue OF which
will distribute its cost. between the
present and future generations IN ac-
cordance with the benefits derived. 1t
may well be submitted to the serious
consideration of congress whether the
deepening and control Of the channel
Of a great river system like that Of the
Ohio or of the Mississippi when def
mite and practical plans for the enter
prise have been approved and deter
mined upon should not be provided for
in the same way.
Then, too, there are expenditures of
government absolutely necessary ii our
country is to maintain its proper place
among the nations Of the world and is
to exercise Its proper influence In de-
Tense of its own trade interests in the
maintenance of traditional American
policy against the colonization of Eu-
ropean monarchies in this hemisphere
and in the promotion of peace and In
ternational morality. I refer to the
cost of maintaining a proper army, a
proper navy and suitable Notifications
upon the mainland Of the United
States and in Its dependencies.
The Army and Navy.
We should have an army so organ
ized and so differed as to be capable
in time of emergency in cooperation
with the national militia and under
the provisions of proper national
volunteer law rapidly to expand into
a force sufficient to resist all probable
invasion from abroad and to furnish q
respectable expeditionary force, if nee
essary, in the maintenance of our tra-
ditional American policy which bears
tie name of President Monroe.
Our Notifications are yet in state
Of only partial completeness, and the
number Of men to mannheim Is INSULT
cient. In few years however, the
usual annual approprisat ions for our
coast defenses, both on the mainland
and in the dependencies, will make
them sufficient to resist all direct at
tack and by that time we may hope
that the men to man them will be pro-
vided as a necessary adjunct. The