Arizona republican., 1910-02-13

New York, Feb. 12-.If the enforce ment of the law is not consistent with the present method of corrying on business. then it does not speak well for the present methods of conducting business, and they must be changed to conform to the law
 This was President Tafts answer to Wall street and it's cry of a t'panic. It was made to cheering audience of hundreds of prominent republicans gathered tonight at the annual Lincoln Day dinner of the Republican club in this city at the Waldorf Astoria.
 MT .Taft adhered to his purpose of discussing platform pledges and how they should be kept. It was at the conclusion of detailed argument as to how the republican party is re- deening its pledges that he came to the discussion of the antitrust law and Wall street on which his utter ances had been awaited with the greatest interest.
 NO RUNNING AMuck.
 The president declared that the ad ministration would not foolishly run amuck in business and destroy values just for the pleasure of doing SO" No one" he continued. has the mo- tive as strong as the administration in power. to cultivate and strengthen business confidence and prosperity. But there was no promise on the part of the republican party to-ehange the antitrust law except to strengthen il. Of course the government at Wash in5ton can be counted on to enforce , the law in the best way calculated to prevent destruction of public conf dence in business but that it must enforce the law goes without saving"
 President Taft did not hesitate to discuss the attacks that have been made upon the administration and the party or the danger to it's future sue cess in the insurgent movement and other dissensons.
 Republicans who feared defeat at inc polls in November. he declared. however. should take courage from the demoTalized condition of their op- pOnents. the democrats. Tt was Grant" said the president. who ban ished his own fear in battle by think ing how much -more afraid the enemy was"
 
 of the Payne. .AIdrich tariff bill He did not hesitate. he said. to repeat that it substantially compiled with the par ty pledge for tariff regulation and that through this bill. the party had "set itself strongly in the right direction toward lower tariff"
 REDEMPTION OF PLEDGES.
 Reviewing the party platform the president spoke of postal savings banks, the amendments to Inc inter state commerce. law. the anti-iniunc- ton plank statehood for Arizona and New Mexico. and the conservation Of natural resources. bills to carry all of which promises into effect were pend ing in congress. and he believed would be passed
 The president said in part: "I am far from saying that the republican party is perfect No party which has achieved such power as it has achicv- cd for the last seventeen years could be expected to maintain either within it's rank and file or in its management. men of the purest and highest mo- tives. and I am the last one to ad- Nocate any halt in the prosecution and condemnation of republicans. however prominent and powerful. whose con duct requires criminal or other pros- ecution and condemnation
 Tt should be well understood that with the republican party in its pres ent condition. with its various divi- sionE. subjected to the cross fire of it's oWn newspapers and it's own factions. any halt or failure on the part of those in authority to punish and condemn corruption or corrupt methods will properly be visited upon the party it. self. however many good men it con tains.
 DEFENSE OF TARIFF.
 We shall be called upon to respond to the charge in the next campaign that the tariff for which we are re- sponsible. has raised prices. If people listen to reasonable arguments it will be easy to demonstrate that high prices proceed from an entirely diff ferent cause than the present tariff. which. being largely a revision down. ward. except with respect to silks and liquors. which are luxuries, cannot be charged with having increased any prices.
 But this will not prevent our dem- ocratic friends from arguing on the principle of. post hos propter hoo: that because high prices followed the tariff. therefore they are the result of it. We must not be blind to the weight of such an argument in an electoral campaign.