Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1909-03-10
: INAUGURAL ADDRESS
Rivered BY The New President Upon
Fhs Occasion Of Has Inauguration.
& 0usline of His Policies Clearly
and Forcibly Set Forth.
Fellow Citizens:

I'k<f( >AtS " ~
one who takes the oath ]
Just taken must feel heavy
ht OF responsibility. If not, he
bo conception OF she powers and
4 s OF tie cluce upon which he IS
ZIG TO enter, or he is lacking IN q
zer sense Of the obligation which
bath imposes. =.
#should be untrue. to myself,
&ny promises and to the declara-
of the party platform upon
E}h I WAS elected to Office, and
may distinguished predecessor
se reforms are conspicuous if
act make the maintenance and Ell
pent of those reforms most
Etant feature of my administra.
They were directed to the sup.
sion Of the lawlessness and
&es of power Of the great conf
ions of capital invested In rail
S and In industrial enterprises
2ying ON interstate commerce. The
S which my predecessor took and
4 legislation passed on his recon-
AeIation have accomplished much,
caused a general halt in the
bus policies which created pop
4 alarm, and have brought about
he business affected, a much high
for existing law:
81 render ,the reforms lasting,
ever, and to secure at the same
q freedom from alarm on the part
Z &hose pursuing proper and pro-
8siye business methods, further
glatiye and executive action are
Ned. Relief of the railroads from
ain restrictions Of the antitrust
S $haye been urged bv my predeces-
lnd will be urged by me. On
4 &bther hand, the administration is
&sed to legislation looking to a
er federal supervision and re-
#tion to prevent excessive issues
bonds and stocks by companies
&ng and operating interstate COM
fe railroads.
Ehen, too, a reorganization Of the
Sbrtment of Justice, Of the Bu-
q of Corporations in the Depart
- of Commerce and Labor and
#he Interstate Commerce Commis-
3 looking to effective cooperation
these agencies. is needed to secure
3hore rapid and certain enforce
ht of the laws affecting interstate
(roads; and industrial combina-
hs.
hope. TO be able to submit, at the
! regular session Of the incoming
hgress, In December next, definite
sgestions in respect to the needed
endments TO the antitrust and the
Estate commerce law, and the
nges required in the executive der
'tments concerned in their enforce
ut.
;ueh plans mnst. be formulated as.
include the right of the people to
il themselves of those methods of,
ibining capital and effort deemed
essary to reach the highest de-
8 OF economic efficiency, at the
le time differentiating between
obinations based upon legitimate
nomic reasons and those formed
b the inter. of creating monopo-
and art;icially controlling prices.
he work of formulating into prac-
Il shape such changes in creative
K of the highest order, re-
res all the deliberation possible,
the interval. 1 believe that the
endments to be proposed are just
necessary In the protection Of
itimate Business as in the clinch-
Of The. reforms which properly
Y the name Of my predecessor.
Revision of the Tariff.
1 matter, of most pressing impor-
ice is the revision Of the tariff. In
;ordance with the promise of the
torn upon which I was elected,
hall call Congress into extra ses-
n, to meet on the 18th day of
.rch, in order that consideration
y be at once given to a bill re-
ing the Ding1ey Act. This should
ure an adequate revenue and ad-
t the duties in such a manner as
afford to. labor and to all indus
IS in this Country, whether Of the
~, mine or factory, protection by
if equal to the difference between
J: cost Of production abroad and
cost of production here, and have
provision which shall put in force
rn executive determination of GER
8 facts, higher or maximum
if against those countries whose
Gle policy toward US equitably re-
res such discrimination. 1t is
night that the tariff above stated
] permit the reduction Of rates in
TAIN schedules and will require the
;ancement of few, if any.
4: is imparatiyely necessary that a
iff bill be drawn in good faith in
a,rdance with promises made be-
9 the election by party in power,
as prepptly passed as due consid-
tion wiE sit, IT is not that the
if is mol important IN the long
j than the perfecting Of the re-
ms in respect to antitrust legis-
icn and interstate commerce regu-
ion, but the need for action when
revision Of the tariff has been
ermined upon is more immediate
avoid embarrassment of husinoes