The Washington times., 1910-06-03
President Addresses Stu
dents nf Ohio Northern
College At Ada.
PREDICTS ANOTHER
FINANCIAL PANIC
Depression Will Be Only Temper
ary, However, He Says-Re-
ceives Warm Welcome.

ADA. Ohio. June 3.-Muckrakers. un-
scrupulous lawyers ana modern ne VS.
papers were severely handled by Presi-
dent Taft when he told the graduating
class OF Ohio Northern College Of the
ccnuitions they viii have TO face in the
business, professional and political
world.
The President predicted a business and
financial panic within the next decade.
but said the depression will be only a
temporary check 10 great wave Of
prosperity and progress.
Ada, with its population OF 1900, aug
mented by some 1900 visitors from all
parts Of the country, gave the Presi-
dent the most enthusiastic reception he
has received in many a day. Four COM
panies OF Ohio militia had their hands
full restraining the crowd, which gath
cred about the train when It pulled into
the station.
Receives Warm Welcome
The President was taken from the car
and with Assistant Secretary Of the
Treasury Charles d. Hues, was driven
10 the college. A band and an escort
Of militia fell in behind his carriage.
The route was lined with an enthusiastic
crowd which kept NJ Taft bowing
throughout the trip.
Upon his arrival at the college the
President encountered a new brand Of
enthusiasm in the noisy greeting OF the
students. He was hurried through the
crowd Of young men and women TO the
assembly hall, where the graduation
class was gathered
After the commencement exercises. the
President ves entertained at luncheon
by President Smith. OF the college. Sew
eral distinguished educators we're pres
ent
The President will make an address at
the banquet Of the Detroit Board Of
Commerce tonight.
Mr.. Taft s~id in part:
Il am going 10 invite your attention
this morning % that which confronts
you young E.en, starting out in life.
in this year Of our Lord. 1910. IN a busf-
ness and professional way. and the
political and economic problems that,
should you take part in politics. as you
ought, Will p-Obably occupy your at
tention am call for your activity in
their solution.
1T is, Of course, impossible 70 expect
that the enormous growth in trade shall
continue in the proportion in which we
have seen II expand during the last ten
years, and it is reasonable to suppose
that at some time within the next dec
ade there will be some reaction or some
financial stringency or perhaps a fin
nanciaI panic. Nevertheless, progress
tnat has been made is real and substan-
tial
"Room for Good MSa."
The conditions in business have
changed materially in recent years, and
the combination Of instrumentalities for
the reduction in the cost Of producing
and selling things that has never been
equaled in the history Of the world
1T has been my duty 10 select and
promote many men in official life and
know whereof speak when I say that
successful business, whether govern
mental or private, whether small or
large, depends chiefly on the selection
of the men by whom this business is
10 be done, and that the promotion
which successful men secure is not that
which comes by favor, but by the logic
Of circumstances and for the benefit
OF the employer. There is therefore
today as much room for NJ men as there
ever was in business.
What is the condition in the profess
sions should you conclude to ente- one
of them? The enormous demand for
the work Of the members Of cert IN
scientific professions. like engineer AZ.
civil, mechanical, and electrical. F nd
manufacturing chemistry, viii lot
dwell upon.
In the last decade it has been hard
TO secure men with sufficient expert
ence in these professions TO justify en-
ploying them in positions which are
open. Very frequently positions are
aW9luhS Ihe men who graduate from
we'll known chronological schools IN
they have shown any degree 81 anti
tude in their school work