The San Francisco call., 1910-02-14
Hard Travelling For
Mr.. Taft's Program

Il
subject He suggests weakening OF the prohibitions
defined by the Sherman law but pledges himself that they will
be applied obstruc legitimate enterprise where
it pursued by oppressive and unfair tactics.
1t evident however, that this given by the
financial world There is plenty Of evidence that artificial
panic slump prices the stock market is in process Of
manufacture in Wall This political theory invented
to confuse situation but facts which set forth
by the Washington correspondent OF the Chicago Tribune in
these words:
With The d a1o D one he that with % 9ess nc TO s eo @ ae
whatever for such Wall street situation As exists today Il there Is any
] Dn = s Other II Is oo oo 9 M Canned was demanded @ % BY the busi
But in Of the tariff the prosperous fac.
deyss Ascaitutsi conditions
Coming The road sve tremendous quantity
grave suspicion esgadon by
have his policies displsasins Them.
situation which require all attention
The alarmed by Taft's legislative program,
but the general sentiment of the in full accord with
proposed by president The
OF power OF the interstate commission which
intended make that body effective of regulating
the railroads.
At present the than rather expensive
official plant the collection of statistics and the diffusion
less useful knowledge Its power regulate is
negligible the railroads quite we'll satisfied with the situation
1t stands.
corporation likewise unpopular Wall street
Indeed like other especially popular anywhere,
but the president insists on ii as necessary means OF
we'll providing machinery of the operations
OF corporations.
Again there powerful opposition the presidents plan
other valuable that still belong the
Something OF this opposition appears the attitude congress
relation the bill embodying Mr.. Taft's proposals
this regard Monde chairman the public
refused introduce the presidents bill except by request
all the other members OF this same
evident that the bill will be fought stage
openly perhaps but by the customary political
OF indirecion.
Finally the alarmed they that
supreme will affirm the logical Interpretation OF the Sherman
law against declared by the circuit applied
the tobacco and oil These decisions merely follow the plain
OF the words in the prohibiting combinations
restraint OF trade and competition and all likely that
the supreme will modify the judgment. II the law bad
injurious industrial progress be repealed after has
tried operation this law although twenty years
old has practice been enforced No national administration
until that OF Roosevelt took for enforcement with
the the suit brought dissolve the Northern Securities
merger The brought Roosevelt after long delay,
approaching final Judgment and the plain meaning OF
affirmed tremendous in the administration acting
through the department OF justice
The interests of will fight any extension
power Notwithstanding that the president has than
assured them that his in this regard will be used
where monopoly created by unfair and
methods As Mr. Taft declares. he has intention amuo
blindy in the field OF industry and
In this program OF legislation the president NAV
assured OF the support OF the country although looks the
temper and spirit dominant influences present congress-
that his plans will have make their way rocky
OF