The Sentinel=record., 1910-02-13
IF ENFORCEMENT OF THE LAW
INTERPRETERS WITH BUSINESS,
BUSINESS MUST CHANGE.
wall Street Gets It's Reply from the
Administration to the Question
It Has Propounded on
Reforms.

nient OF the law is not competent with
the present method Of carrying on
business, then it does not speak well
for the present methods of conduct
ing business, and they must be chang
ed 10 conform to the law
This WAS President Taft's answer
to Wall street and it's cry of panic"
Ii was made to a cheering audi
ence OF hundreds of prominent Re
publicans, gathered tonight at the an
nual Lincoln Day dinner of the Re-
publican Club of this city, held at the
s Waldorf-Astoria.
Governor Hughes shared the honors
CT the evening with the president. Mr..
Tait adhered to his purpose of dis
cussing platform pledges and how tney
should be kept.
Ut was at the conclusion of de-
tailed argument as to how the Repuh-
lican party is redeeming its pledges
that he came to discussion OF the
antiltrusa law and Wall street, on
which his utterances have been await
ed with the greatest interest
The president declared the admins
traticn would not "foolishy run amaek
In business and destroy values and
confidence, Just for the pleasure OF
doing So
mo one he continued, has 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
change the antitrust law except to
strengthen IT,"
He said the government at Washing1
ton can be counted on TO enforce the
law in the way best calculated to pre-
vent destruction OF public confidence
In business, but that II must enforce
the law goes without sa, ing.
President Taft did not hesitate to
discuss the attacks that have been
made upon the administration and the
danger OF future success of the insur-
gent movement and other dissensions.
Republicsns who feared defeat at the
pclls in November, he declared, how
ever, should take courage from the
demoralized condition of their oppon-
ents, the Democrats.
"It was Grant" said the president,
amid a whirlwind of laughter, who
banished his own fear in battle by
thinking how much more afraid the
enemy was
Mr.. Taft again came TO the defense
of the Payne-Aldrich tariff bill.
He, did not hesitate, he said, to re-
peat that it substantially complied
with the party pledge for tariff revis-
ion and that. through this bill, the
party had set itself in the right di-
rection toward lower tariffs"
The president brought statistics into
argument to demonstrate that during
the first six months of the new tariff
lnw there has been shown II per
cent reduction in the percentage ad
.valoren duties paid ON imports mad
i2 per cent increase in thaper cent
of imports admitted free, Time and a
wider knowledge, he though would
serve to Justify the BILL
Reviewing the party platform, the
president spoke of postal SAVINGS
banks. amendments to the interstate
commerce law and anti-injuncuon
plank, statehood for Arizona and New
Mexico and the conservation OF nat
ural resources. bills to carry all prom
ises into effect we're pending In con-
gress and he bexeved would be passed.
Mr.. President, gentlemen of the
Republican Club and fellow guests.
'.The birthday of the man whose
memory we celebrate tonight Is an