The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-06-04
TAFT DENIES PANIC TALK
a,> ~ DID NOT PREDICT 4
iNtNCIlL CRISIS.
,.,,,,r, from Recent Great ENpanslsa
va, W. ENpecird. bat Ne Thlnks u
Wult ono a. Has BeeN DrmsnsIFatsd
n, U,,tor, rata 70 OhiS slHdenas.

r,-Eor. lYnc 3 President Taft uug-
.,.,,l o. NIGHT that the reports that
a,n S,r,,, aad Understood him 10 pre-
.-, a sn1r-sl panic in his speech TO the
.,,isr,. f Ohio Northern University
A ,da were ridiculous,
In ne frst place, said the President.
10, N. 'ss- the business situation. Il Il
n o,.rsa impossible 10 expect that the
.,,rmous growth in trade shall eontinus
/, tho rrarorticn in which We have seen
t,rpAnd during the last ten years. and
to reasonable N suppose that az some
An. within the next decade there will
4. srr'. reaction or some financial stTiB-
rncv. NJ rsrhaps a financial panic
.N.vsr'h-less the progress that has
N,sn made '7 real and substantial. There
nav b. a halt, there may he a scaling OG
v,!uss but these We have had frOm tims
:, TINE. followed by a recovery which
hd,ca'sd only a mcmentary hpse.-
NJ Taf- nuEhed at the idea that he
vas travelling shout the country preach
NJ panic Ne wished Il made clear that
.nv me who 'ook him for an alarmist
sas foolish and that panic stories were
.lhs1ri Tho President is far from will
~ 'n declare that the country IL in a
ba4 vav financially. Ne thinks he only
al what has been demonstrated by
history. that periods Of depression are
. 10 expected.
Conservation. one Of the Presidents
Ay'rie topics. was the subject Of HE
,i1ress A. the Board Of Commerce han
ags' here ro-night. Gov Warner. Senator
Iulls rsar Burrows. Representatives
townsend and DENLY and Assistant
Secretary Of the Treasury Hilles were
Enong the distinguished guests Senator
William Alden Smith 20, out Of a sick
bel 10 attend
The Presiden, reached this city al no.
Ne vas driven through streets lined
nth thousands Of people to the II ght
Guards Armory. where he spoke
he President told hia auditors that
here Is an underlying sentiment in the
cutry for conservation. but neverthe-
- pot Wha, IL really means IL but little
r5ersiood The legislation which Mr..
aft wants Congress 90 pass that Affects
'ls nations natural resources was out
.rsi Al some length
i am glad TO announce, he said IN
~ sp"~ch that the railroad hill has
risssi he Senate That will enable those
Ei0 are interested in such a bill a. 10
iseie,i in this connection 10 bring q on
10 an address before several thousand
gldents 81 Ohio Northern University
,gnni and Ohioans 81 Adj to-day Preai.
n Taft soonsi the nuckrakers and oncp
gan called attention to the waning
ever u the press. Nc. TAFT got No al
5 O'Clock this morning n prepare hh
.psscn en- route and Tor hours he read
M dicts,ed. Ada was filed with a
-7vd 4 1000 persopS who came from
f. uar's II ohio. Owing 10 TIE fact that
s ~ he cap and gown AZ Rryn Mawr
90 President wore only an ordinary
"rAr "sf
'.ds from the scoring Of the nue.
as'rs Aedevoted his attention 10 advising
"av1.ng men and women In the audience
50 - vhlt professions 10 choose and 10
-s,iau ~ what has been accomplished
ssch Il 'he last few years A. lawyer
b.. f.If lila - l.. IL o.. ....,..-f.
pm 'ts TACT that the administrator o.
.s'Ios H 'ri- country has suffered grew
..sr ~ m 'h- intensity with which law
80 have saryed their clients and the
st'raSs ~ 'ba obligation which they have
-- ne r'urt and - the public ~
-r. n mo court and the law to do no
-gs'fr" The lack ~ scruple az 10 means.
s a7 Etrh counsel tn frequently
exhibit n iafaucr or r'reservation % their
..r's interests "a gten the cause Tor
ocular sentiment
To" conduct ~ the defence ~ crimi-
hs rais country continued the
President aud the extremes 20 which
r~ deem themselves justified IN
"rrg'rs.r .ua1ts from the just judgment
- '-a law have much % do Wih the
a'gr7 '' .Hni'ton IN which We find
'' ADMINISTRATION Tho awakened moral
'hsc"r NJ the country can find no
t'''ef 0hfsrt for ~ influence than IN
hasirR awvers n understand that their
.'' Ea'0r 20 their clients b only TO see
'hs' 'har clients legal rights are pro-
'''f and that they need not and oaRht
'' ?. .-a their own identity a. officers
'aa aw 10 the CAUSE Of their clients
a.. ''.sI'ssy resJrt to every eXpsdisns
bvr ne cause
SPEAK ~ this here hocause DO not
''4r' hat am addressing young mon
HAhF ni 0hom will become successful
ia'''i0Isrs and believe that there
o. a..trH from the evil tendencies 70
'a''n have referred except by induo-
" ne hep , cleanse itself Of thOss Who.
~ r'"r-st NJ their clients. forget
N'f ''.zt'lor a. attorneys 70 the cont
~ her iIties a. c,ti1sns.'
" va When he came to iOurna lism and
-s' whom He touched upon the issues
~ .r ure-ented 20 young men about
A.'". It 10 life that the President
,in' m"sf earnest 10 the press be
~ s ."n phments in no uncertain
ms H.' ." declared that -the issue
MOI "norianoe' 10 the graduates
'''''-.'1 will he the question Of the
w.. no u uur institution Of private
'-'." .' r's destruction. and the sub
.' H ."r'sin kind of cooperative
.. ."rm"nt ~ everything which IL
D.. 1'. -rrIalsm
Nsy The Prssident spoke
and u tho socialist trend