Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-03-04
Speech Begins With Advocacy
Of Predecessors Reforms.
MANY QUESTIONS TOUCHED.
Incoming Presidents Ideas on
Trusts and Other Matters.

My Fellow Citizens-Any one who
takes the oath ] have just taken must
feel a heavy weight Of responsibility
If not he has no conception Of the
powers and duties Of the Office upon
which be IS about to enter or he Is
lacking I'm a proper sense OF the obliga
tion which the oath imposes.
The office Of an inaugural address Is
10 give summary outline Of the main
policies Of the new administration so
FAR as they can be anticipated. I have
had the honor to be one OF the ad
visers Of my distinguished predecessor
aud as such 10 hold up his hands In
the reforms he has initiated ] should
be untrue 10 myself 10 my promises
and 10 the declarations Of the party
platform upon which I was elected to
office n ! did not make the mainte
nance and enforcement Of those re-
forms n most important feature Of my
administration. They were directed 70
the suppression Of the lnwlessness and
abuses Of power Of the great comhina-
lions OF capital invested IN railroads
and in industrial enterprises carrying
ON Interstate commerce. The steps
which my predecessor took and the
legislation passed ON his recommends
ton have accomplished much, have
caused general halt I'm the vicious
policies which created popular alarm
aud have brought about I'm the bust
ness affected a much higher regard for
existing law.
Further Action Needed.
To render the reforms lasting. how
ever. and Go secure at the same time
freedom from alarm on the part Of
those pursuing proper and progressive
business methods further legislative
ana executive action are needed Re
lief Of the railroads from certain re-
strictious Of the antitrust law have
been urged by my predecessor and will
DE urged by me ON the other hand
the administration is pledged to legis-
latlon looking 10 a proper federal SUI
pervlslon and restriction to prevent exc
cessiyo ISSUES of bonds and stocks by
companies avrine and operating inter
state uH".H.. railroads
Then geo. urr-luizafion OF the 1c-
paumou .. Justice. of the bureau of
corporations u the department OF com
merce ana labor and OF the Interstate
commerce commission looking 90 effec-
cooperation of these agencies IS
needed to secure a more rapid and GER
tain enforcement OF the laws affect
ing interstate railroads and Industrial
combinations
! hope 90 Doe able 10 submit at the
first regular session Of the incoming
congress iu December next definite
suggestions in respect To- the needed
amendments 20 the antitrust and the
interstate commerce law and the
changes required in the executive de-
partmeuts concerned ln their enforce
ment
Good and Bad Trusts"
10 IS believed hat with thr changes
90 De recommended American busi-
ness can be assured Of that measure of
stability and certainty in respect 90
those things that may be done and
those that are prohibited. which Is
essential 10 the life and growth Of
an business. Such plan must include
the right of the people To- avail them
selves OF those methods Of combining
capital and effort deemed necessary TO
reach the highest degree Of economic
efficiency, at the same time dinerenti-
ating between combinations based
upon legitimate economic reasons and
those formed with the intent or Great
ing monopolies and artihcially control.
ling prices.
The work Of formulating into prac-
tical shape such changes is creative
work of the highest order and roquirpa
an the deiiberation possible In the u-
tcrval. believe that the amendments
to be proposed arc just as necessary iD
the protection Of legitimate business a-
in the clinching of the reforms which
properly bear the name OF my urode-
pcssOr
Revision Of the Tariff.
A matter of most pressing muur-
lance ls the revision of the arIH Iu
accordance with the promises of the
platform upon which I was elected. j
shall can congress into extra session.
TO meet ou the 10Th day of March. n
once given t0 "a BIN revising the Ding
ley act This should secure an AIDE
quato revenue and adjust The duties in
such "a manner as 90 afford 90 labor
and 40 AN industries ln this country.
whether of the farm. mine or factory.
protection by tarin equal to the diner.
once between me cost of production
abroad and the cost 0f production here
and have O. provision which shall put
into force, upon executive dotormIua-
ton of certain facts, "a higher 0r maxi
mum tAum against those countries
whose trade policy toward us equitably
requires such discrimination n Is
thought that there has been such a
change in conditions since the enact
ment Of the pingIey act drafted on a
similarly protective principle, that the