The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1909-03-04
Especial to the Evening star.l

Especial to the Evening start
WASHINGTON, ID. G., March .-rha
President raft will adhere closely 10
the policies of his predecessor. Theo-
dOre Roosevelt. WIS made evident In
his inaugural address todny.
The need of legislation TO help busi-
ness conditions was especially empha-
sized. More Ieniency In the regulation
Of corporations, especially raiiroaus'
was urged. Labor and capital alike are
promised a square deal. Few rndicai
changes, beyond an immediate revision
of the tarlF, are suggested. The speech
OF President Taft, Ia full, foil0ws'
the oath | have just taken must leei a
heavy weight of responsibility. III not, ne
has no conception of the. powers aud duties
of the Office upon which he is about 10 enter,
or he Is lacking in a proper sense Oh the
obligation which the oath imposes.
The office of an inaugural address IS TO
give . summary outline Of the main poitr hsy
can be anticipated. l have had the honor
to be one OF the advisers OF my uistln,
guished predecessor, and as such to hold
up his hands In the reforms he has initiated.
l should be untrue to myself, to my prom
lses and to the declarations of the party
platform upon WHICH ] was elected to once
II I did not make the maintenance and en-
forcemept of those reforms a most impor-
tant feature Of my administration. They
were directed TO the suppression OF the law
l~essness and abuses OF power or the great
combinations Of capital invested In railroads
and in Industrial enterprises carrying on
interstate commerce. the steps winch my
predecessor took and the legislation passed
on his accommodation have accomplished
much, have caused a general halt IN the
vicious policies which created popular alarm,
and have brought about In the business
laffected a much higher regard for existing
law.
To render the reforms
lasting, however, and TO
Urges keHef secure ut the same time
IN. IL. freedom from alarm on
I" the part Of those pur-
Railroads suing proper and pro-
gressive business meth
| DDS further legislative
and executive action are needed. Relief of
the railroads from certain restrictions of
the antitrust law has been urged by my
predecessor, and will be urged by me. On
the other hand, the administration is
pledged to legislation looking to u proper
Federal supervision and restriction to pre-
vent excessive Issues of bonds and stocks
by companies owning and operating inter-
state railroads.
Then, too, q reorganization of the De-
partment of Justice, of the bureau of cor
porations in the Department of Commerce
and Labor and Of the Interstate Commerce
Commission, looking to effective coopera-
ton of these agencies, Is needed to secure
2 more rapid and certain enforcement OF
the laws affecting interstate railroads and
industrial combinations.
/ hope to be able to submit at the first
AOeuhoh cSsDitu VI LhC ttOniiL SOtttC
In December next definite suggestions In
respect to the needed amendments to the
antitrust and the interstate m
law and the changes required in the execn-
tive departments concerned in their en-
fprcement.
1t II believed that with the changes
10 be recommended American business
can be assured of that measure Of sta
bility and certainty In respect to those
things thRt may he done and those that
are prohibited which IL essential to the
life and growth of all business. Such q
plan must include the right OF the peO-
pie to avail Themselves of those meth.
DDS Of combining capital and effOrt
deemed necessary to reach the highes,
degree of economic efficiency, mt ths
same tirae differentiating between com.
binations based upon legitimate eco.
nOmic reasons and those formed will
the intent of creating ~mOnopOlies ant
artihcisIly controlling prices.
The work of formu
Revision of shape such changes il
T.-ar creative work or thu
~'"" highest order and re
Pressing auires all the delibera