Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-03-11
TAFT'S
VIEWS
Injunction Essential, the
Secondary Boycott
Tyrannous
No Foolish IdealiSm Re-
garding Everlasting
World Peace
Pooling, Tariff Revision,
Elastic Currency,
Postal Banks

Washington, March 5.-In his in
auguraI message President Taft de-
clayed emphaticalIy that to take from
the courts the power to issue injunc-
tioas would BE- 10 create a privileged
class; that the secondary boycott is
al instrument of tyranny; that an in
hergJance tax, d postal system, and an
ela6ric currency are desirable. Presi-
dent Taft is for big navy a strong
army, for railway pooling and for
honest tarin revision.
nudge Taft declared that he had
be honor to be one Of the advisers of
his predecessor, and as such, to hold
up MS hands in the reforms he has
initiated "I should be untrue To- my
self to my promises and to the dec
Iarations OF the party platform upon
WHICH I was elected to office, if I did
nG make the maintenance and en-
fOrcement of those reforms a most i'm
pOrrant feature of my administration"
ne added. They were directed to the
suppression of the lawIessness and
abuses of power of the great cOmbi-
nations 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 a
general halt in the vicious policies
which created popular alarm, and
hav4 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
siv@ business methods, further legis-
Iative 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
megoe railroads.
IT 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-
senriaI 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
Dining capital and effort deemed nee
assary 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 artiticial,y
controlling prices.
rTonest Tariff Revision.
y uGJN6l u ulOSJ pA SSSllhS AAApOA
lance is the revision of the tariff In
accordance with the promises of the
platform upon which he was elected
President Taft said he would can
congress into extra session, IN order
that consideration may be at once
given to a bill revising the Dlngley
act. This should secure an adequate
revenue and adjust the duties III such
a manner as to afford to labor and 10
al industries in this country Whelher
on he farm. mine or factory pro'ec-
zion by tarif equal to the dlrference
between the cost of production ABROAD
and he cost OF production mere ana
nav" a provision which shall put INTO
.o~c". upon executive determnallop
of certain facts, higher or maxi
mum tariff against those countries
whose trade policy toward us eQul'-
ably requires such discrimination. II
is thought that there has been such
change in conditions since the en-