The Washington times., 1910-02-13
Presidents Lincoln Day
Speech for UNFOLDING of
Statutes Satisfies.
TRUSTS MUST OBEY
MANDATES OF LAWS
Chief Executive Declares Party
Pledges Have Been Kept, and
LaudS Payre Bill.

NEW YORK, Feb. 15.-PreSideut
Iafts determination 10 make bis bust
ness conform to- the Sherman anti-trgls,
law and not Tire law conform to bis
business as announced in his Lincoln
csy speech, IS receiving far more com
mendation and less complaint from
financial Interests today tnau was 90
have been expected.
Wall Street - expected 10 show per
Eaps a slight depression tomorrow. but
expressions today indicate approval or
tho Presidents position iu some hHaH-
Cial quarters
The President VIII return 10 Wash
uzton this afternoon. equally pleased
by the reception given him ar the lin
coin dinner Of the Republican club at
the WaIdoTf-Astorid, and To ms address
on the fuifilmenI Of the Republican
campaign Hedges
Cultivate Confidence
Certainly no one responsible for a
government like ours would fooIishIv
rEu amuck in business and desr troy
values and confidence just for the pleas
ure Of doing So said the President IN
the climax OF his address where no
summed I'D his whole administraJvc
program. No one has q motive as
strong as the AdminiStra ion iH power
10 cultivate and StTeuE hen business
confidence anC business prosperity
But IL does rest with the National
Government TO enforce the law and II
the enforcement or the law Is not con-
sISLent with the present methods OF car
ryinC on business then IL does mot
speak well for the present methods or
conducting business and they must Doe
changed 20 conform To fHe law
Cheer after cheer greeted this declare
ton OF the President. with lis Roosevelt
ring. and the diners included many men
Of prominence in finance
Party Pledges Kept
That the party pledges are beiuE kept.
and that there Is reason for ,he party
10 be stronger and more united than
ever. was the general theme Of the ad-
dress. and in this connection the Presi-
dent took up the party pledges one by
one
He presented figures To show thar i'm
actual practice the Payne tariff law
= getting y per cent less IN ad val1TeW
duties than the DIuEle- law. but IN the
aggregate receipts far more than any
other tariff ever enacted so that me re-
iterated his belief that the law rs the
best tariff ever adopted
After discussing the political storms
through which Lincoln passed. the Pres
fdenr called attention TO the Republican
pledges Of last November and proceed
ed 10 rske-t them Up one by one the first
being the tariff on this subject ne
- id IN part
Discusses Tarff.
.rrEe Paznc-ATdrl5h hzT has been n
operation row for six months and fig
u-es are a. hand from which we may
make 4 reasonable inference FIRST as 10
whether # is a revision downward and
second a TO its capacity for producing
revenue
The Bureau Of Statistics is authority
for the statement that during the first
six months OF the operation or the
Pazue law which has 5-st ended the
average rate of duty paid ON all dUtf-
able imports was 21-02 per cent al Va
Torpm- The average or duty pa id on all
imports for the same months FOR the
four preceding wears under the Ding
10y law WAS -fa4-
This. no pointed out. was 4 reduction
OF l. per cent and NE added figures 10
sro what there was an enlargement or
70 ucr cent Of the free list. and an aver
age monthly income or s2l-65i-l4-- or l+'
ppr cent gTsIreT than under the Wilson
low and IS per cent greater than under
abe Diu-Icy laE- He announced his IN
reu-fou 10 ask Congress for S-5a"|t q"