The Washington times., 1910-01-25
Slight Rally Follows.
STATEMENT ISSUED
FROM WHITE HOUSE

The following statement was issued
from The White House at noon today
NO statement has issued either from
the Attorney Generals Office OF the
White House indicating that the pur-
pose Of The Administration with refer
eDCe 10 prosecution under the antitrust
law IS other tlan a. set forth ID the
message or the President Of January g.
1910 S5T-Szt -ODal statements as IF there
were tn DE a new departure and an in
discriminate prosecution Of important
Industries have no foundation. The p-r-
pose Of the Administration is exactly as
ALREADY stated in the Presidents mes
sage
Shorty before this statement came
out James J HlII the great railroad
king Of the s..--tEwcEt- left the Whit
House. after a loTE taxi with the Pres
ideut- S1T. as he eft he said
ct rL-i.E the President is after the
sins OF the corporations and not after
the corporations merely because they
are corporations
Afte- Law Breakers
A. natter Of fact. the statement or
the President shows that his mind is
made up to carry out the promises he
made In his message OF January %
punish the brea kers Of che law bu- not
70 modest the corporations which Oh
serve the law As was printed IN The
Times yesterday Investigations have
been made Of those trusts against
which there have been complaints Of
I8w-bTeaIinE, and 1Ir- Tan is deter
mined 20 carry out the prosecution Of
those who deserve. it,
Information came to the White House
TO-DAY TnaT D. was a Wild day on Wall
Street, and that the news of tra P-azf-
dents intention 30 prosecute the bad
trusts. was responsible for the nauicky
conditions
Friends OF the President are pointing
out that II the Street he'd read the
President s. message carefully and had
realized that NE meant to do what he
said he would do, the disturbance today
would have been unnecessary. M
Iafts Intention IS now as 20 was from
the beginning Of his Administration, 10
punish the breakers Of the law.
Awakened From Sleep.
The trouble, however. with Wall
Street the Presidents friends point out {
IS that Il lUlIed itself TO sleep with the
false assumption that this was TO be a
do-nothinE Administration so far as the
corporations were concerned This
sleep has been Tu1elV interrupted by the
alarm clock OF tHe realization that Nj
Taft means 10 carry out his promises
To IS true today as 10 was more than
month aGO- that the uuI ytLiuE ueces-
sary 20 start the prosecutions OF the
had trusts. IS Fle handbag down OF the
decisions Of the supreme Court I'm the
tobacco and STANDARD OH cases M I
Taft save fair warning iT his message
of January that ue meant TO have the /
Investigating of the trusts done by the 4
Department of Justice.
He also commended the enactment /
o. Federal incorporation act He I
pointed u-t -lat Er was not against big I
combinations merely because they were F.
combinations A~ was printed iu The I
Times Yesterday me is after those com
rl1aueDS wIiCl wear the badge Of lie
Eality- chose which commit overt acts 4
To El.I competition and raise prices UNI 4
Ie,eS~arl-- ar arbitrarily limit the sup
ply of any article or product
Former Views Recalled
This has always been his position
In his message or January he said /
1T Is tie duty and purpose Of the 4
t-GeCltlFe n direct an INVESTIGATION by /!
the department or Justice through the !
granr jury or otherwise into the his
tete. - S1..-zstl-C0- and purposes Of all \
Jile -s--fl-- ETll- companies with resuecI. 10 4
wien t.ere Is any reasonable ground 4
Tor suspicion that they have been or
canned 10Y q uus pose and ere conduct
lnE business on a plan which is in viola
Ion OF the antitrust law The work is (
a HlsNy one but Do IS not beyond the I
power Or me Department Of Justice II
SlIilfleill FUNDS are furnished. TO carry
on me nteSUsatiuES and 10 nav The I