Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-02-14

ADMINISTRATION TRYING
70 FULFILL PARTY PLEDGES
Warns Corporations That if Business
Methods Run Counter to Law They
VIII Invite TroubIe-Trust Law
Must Be ,Enforeed-spsech is En-
Enthusiastically Received.
Principal Features Of Speech.

Principal Features Of Speech.
Trusts-"n the law is not consistent
with present business methods, busi-
ness methods must be made consistent
with the law"
Tariff-."The Payne -Aldrich bill is a
downward revision on necessities and
the best tarin measure ever active(in
this country"
Postal Saving Banks-"such banks
can be cbnstitutionally established. If
the republican .party does not accom-
plish this it must face charges of bad
faith"
Federal incorporation-"Sav inter-
state business from state harassment
and protect the public thru unified fed
eral control"
Railroads-"Prevent watering of Sc
curities, and empower commission to
regulate rates for benefit of public"
Require that no federal
court injunction shall issue without full
notice and hearing, unless to prevent
irreparable injury and in such case to
extend only five days before hearing"
Conservation ReclasSification OF
public lands according to their greatest
utility and vest in the executive power
to dispose of coal, phosphate, oil and
mineral lands and water power sites
to prevent their monopoly by syndi-
Gates"
'If these measures to which have
referred are enacted into law and the
pledges Of the republican party per-
formed there would seem no good rea-
son why the party should not receive
renewed approval in the coming con-
gressional campaign"
New York, Feb. 14.-LNtle hope for
illegal combination and law-break-
ing trusts Is held out by President
Taft. who, In his speech at the New
YorN Republican Clubs LINCOLN day
diHfler Saturday night, declared that IF
tfS enforcement Of law is not consist
erlt with the present methods of carry
ing on business, then the business
methods must be changed to conform
with the law"
A ringing eulogy OF the Payne-Ald-
rich tariff law and a detailed defense
Of present administration occupied a
great part Of the lengthy speech. The
president went over the republican
party platform OF 1908, plank by plank.
and pointed out how step by step the
administration was working toward a
fulfllment of its pledges. He took the
stand that the Payne bill contained
q substantial revision Of tariff and
quoted statistics to prove that, since
the law went into effect there has been
a considerable decrease in duties.
Cost Of Living.
But the president admitted the tariff
law is going to be blamed by the DEM
ocrats for the cost of living, which will
be, he admits, vital issue in the con-
gressional convention next fall and we
must not be blind to the weight of such
an argument, he told the republicans.
After lengthy argument intended to
prove that the Payne -Aldrich bill was
the best tariff law eyer inagurated in
the United States, the president pro-
decided to the individual pledges Of the
platform Of 1908, then without mincing
words, he took up Wall street and the
trusts. The speech undertook to an
swer the flood of questions and criti-
cism which has been deluging the
country relative to the success of the
Taft administration. On the Wall street
subject, the president said:
From time to time attacks are made
upon the administration on the ground
that It's policy tends to create a panic
in Wall street and to disturb business.
All I have to say upon that subject is
this: That certainly no one responsible
for a government like ours would fool
ishly run amuck in business and de-
stroy values and confidence just for the
pleasure of doing so. No one has a
motive as strong as the administration
In power to cultivate and strengthen
business confidence and business pros
perity. But it does not rest with the
national administration to enforce the
law, and IL the enforcement of the law
is not consistent with the present
methods of doing business then it does
NOT speak well for the present methods
Of conducting business and they should
- changed con conform with the law.
There was no promise on the part of
the republican party to change the
anti-trust law, except to strengthen it
or to authorize monopoly and a sup
Deossion OF competition and the control
q prices, and those who look forward
to such a change can not visit the re-
sponsibility for their mistake on inno-
cent persons. OF course, the govern
ment at Washington can be depended
on to enforce the law in the best way
calculated to prevent destruction Of
public confidence on business, but that
it must enforce the law goes without
saying"
Further on, the president praised
Governor Hughes. who was present,
cf1aracterizing him as the greatest as
set Of the republican party. in New
York state
Postal Savings Banks.
The postal savings bank and the
party pledge on that subject led the
president into discussion of the bill
now before congress He said that
those who are endeavoring to amend
the bill toyallow the money deposited q
.,sA !ssst aes eayings tn the hanks
under trustees, who shall have no
(CoaAin,aed on Second. Page.l