The Detroit times., 1909-03-04
PRES. TAFT SAYS HE WILL
PURSUE POLICIES OF
THEODORE ROOSEVELT
ocon,inu~d from Page oa~.,

ttoutiaued fran Page uaeb
on a similarly protective principle. that
the measure OF the tarin above stated
Will permit the reduction OF rates IN
certain schedules and VIII require the
advancement OF few, III any.
Revised Tariff VIII Restore Coincidence.
The proposal 10 revise the tarin made
In sucil an authoritative way as TO lead
ia" business community TO count upon
II necessarily halts all qoss branches
or business directly affected ana "a
these are most important il disturhs
=tl..=n .f.=t,tts ttfess=uf=rt
Is imperatlvely necessary. therefore.
that u tarln bill be drawn I'm good faith
In accordance with promises made be-
fore the election by the party I'm pow
Ell and as promptly passed as due con
stteration NIL 9e"'n!t
IL ~ not that the tariff s more Inn
portant In me long run than the per
fecting 81 the reforms In respect To
antitrust legislation and interstate
commerce regulation. but the need for
action when the revision OF the tariff
has been determined upon is more i'm
mediate to avoid embarrassment Of
business. To secure the needed speed
In the passage or the tarin bin. IL
would seem wise to attempt no other
legislation at the extra session. ven
ture this as suggestion only. FOR the
course TO be taken by congress. upon
the call of the executive, Is wholly
within !ts discretion.
Must Wipe Out Deficit.
In the making OF tariff bill thC
prime motive il taxation, and the Sc
curing thereby OF revenue Due
largely To the business depression
which followed the financial panic OF
1907, the revenue from customs and
other sources has decreased 10 such an
extent that the expenditures for the
current nscal year Will exceed the re-
ceipts by 3l00.000.0OO IL is impera-
tive that such deficit shall not con
In a nd ha fra Of - atiH A
must or course. have In mind the total
revenues likely TO be produced by IT,
and so arrange the duties as 10 secure
an adequate income.
should IL be impossible 20 do so by
import duties, new kinds Of taxation
must be adopted. and among these I
NJ correct In principle and as eertain
md eusy OF collection.
The obligation on the part OF those
responsible for the expenditure made
TO carry on the government. to be as
economical as possible. and TO make the
burden OF taxation as light as possible,
is plain and should be affirmed I'm every
declaration or government policy.
The putting into force OF laws which
shall secure the conservation or our
resources. so far az they may be within
the Jurisdiction OF the federal govern
ment. including the most important
work of saving and restoring our FOR
ests, and the great Improvement OF
waterways are all proper government
penditure III properly performed. While
some Of them, like the reclamation or
arid lands. are made In pay FOR them-
selves. others are OF such an indirect
btoefit that this cannot he expected OF
them.
Canal should He Paid for By Bonds.
\ permanent Improvement. like The
Panama canal. should be treated as
distinct enterprise. and should be paid
for by the proceeds of bonds, the ISSUE
Of which viii distribute It's cost be-
tween the present ard future genera
tions IN accordance with the dement's
derived
There are expenditures OF govern
ment absolutely necessary N our coun-
try is To maintain it's proper place
among the nations OF the world.
We should have IN army so organ
txed nnd Differed as TO be capHbie
In time of emergency. In cooperation
with the nntIonai militia. and under
the prov siOns of u proper national
volunteer law, rapidly 10 expand into
u force sufficient 10 resist all probable
Invasion from nbroad--nnd 10 furnish
"a respectable expeditiOnnry force, "
necessary. In the maintenance Of our
traditional American policy whir"
bears the name Of President Monroe.
"NaVy Best COnservatOr OF Peace.
What mas been said OF the army
may be affirmed In even more EN-
phatic way OF the navy. n modern
navy Cnnnot - improvised. II must
be built ara IN existence when the
emergency arises which calls for It's
use and operation.
4 strong navy II the best conserve
tor of our peace with other nations and
the best means of securing respect for
the assertion Of our rig the defense
Of our interests and the exercise Of our
In dueuce in International matters.
We favor every instrumentality, ike
that of The Hague tribunal and arbi-
tration treaties made with view to It's
use In all international controversies.
In order to maintain peace and to avoid
war.
stand on Asiatic Question.
We must take every precaution TO
prevent outbursts OF race feeling
among our people against foreigners OF
whatever nationality who have by our
grant treaty right to pu'sue lawful
business here and to be protected
against lawless assault or injury.
THIS leads me 10 point out serious
defect In the present federal Jurisdic,
once. Having assured 10 other coun-
tries ny treaty the proteclon of our
laws for such OF their subjects or citt-
yens as W, lnmit to conc WITHIN our
or p city. not under the control OF the
federal goNcr 1moLt the duty or per
forming our international obligations
H. this subject.
ny proper Legislation we may. Sud
ought ia. place ~ the hands Of the
federal executive the means OF en-
In the courts Of the federal govern
ment.
To Change BnnkinG Laws.
One OF the reforms to be ,arried out
during the incoming administration Is
a change or our monetary and banking
laws. so as TO secure greater elasticity
in the forms of currency available for
trade. and 10 prevent the limitations Of
law from operating TO increase the en-
barrassments OF financial panic.
The incoming congress should
promptly fglhll the promise OF the Re
publican platform and pas, a proper
be unwise or excessive pate nalism.
sincerely hope that the incoming
congress Will be alive, as II should be.
to the importance of our foreign trade
and OF encouraging IL In every way
feasible.
The Panama canal will have a most
important bearing upon the trade be
tween the eastern and far western sec
tions OF our country and VIII greatly
Increase the facilities for transporta-
tion between the eastern and western
tionize the Unconstitutional rates with
respect to bulky merchandise
Some type OF canal must be con
,,trac,ed The lock type has been sa,,i Sc,
u built as promptly AS possible. We
must not now, therefore Keep up fire
In the rear OF the agents whom we
have Authorized to do our work on the
isthmus
We must hold mp their hands, aud,
speaking for the Incoming administrs-
tion, ! wish TO say that ] propose To
devote NIL the energy possible and
this work on the plans which have
been adopted, and TO stand behind the
men who are doing faithful. hard work
TO BRING sbout the early completion of
this. the Rrestest constructive enter
prise Of modern times.
Looks with Hope to south.
look forward with hope 20 increas
Ing the all eady good feeling between