Elk City mining news. (Elk City, Idaho) 1903-1913, 1910-03-05
REVIEWS PARTY PLATFORM
And Defends PARTY.
President Gives Answer to Wall Street
and Its Cry of Panic Says Gov
eminent Aims to Strengthen the
Whole Commercial and Financial
Fabric-Fulhlled Pledges.


with the present methods of carrying
on business, then it does not speak well
for the present methods of conducting
business, and they must be changed to
conform to the law
This was President Taft s answer to
Wall street and its cry of Panic, -
1t was made to a cheering audience of
hundreds of prominent republicans
gathered last night at the annual Lin
coin day dinner of the Republican club
of this city at the Waldorf Astoria.
Mr. Taft adhered to his purpose of
discussing platform pledges and how
they should be kept. 1t was at the
conclusion of detailed argument as
90 how the republican party is redeem
ing its pledges that he came to a dis
.cussion of the antitrust law and Wall
street, on which his utterances had
been waited with greater interest.
The president declared that the ad-
ADMINISTRATION "would not foolishly run
.amuck in business and destroy values
and confidence just for the pleasure
of doing So"
mo one,D he continued. rhas the
motive 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 10 change the
antitrus law except TO strengthen il.
OF course the government at Washing
ton can be counted on to enforce the
law in the best way calculated to pre-
vent more destruction of public con
fdence in business, but that it must
enforce the law goes without saying. -
President Taft did not hesitate to
discuss the attacks that have been
made upon the administration and the
party or the danger 10 future success
IN the insurgent movement and other
dissensions. Republicans who feared
defeat at the polls in November, he de
clared, however, should take courage
from the demoralized condition Of their
opponents, the democrats. "It was
Grant, - said the president, "who ban
ished his own fear in battle by think
ing how much more afraid the enemy
was -
Mr.. Taft again came 70 the defense
of the Payne Aldrieh tariff bill He
did not hesitate, he said, 10 repeat that
a. substantially compiled with the
party pledges for tariff regulation, and
that through this bill, the party had
Set itself strongly 10 the right direc
fiOn, toward lower tariffs.
Reviewing the party platform, the
president spoke Of postal savings
banks, amendments 10 the interstate
c0mmefee plank. The anti-injuDetion
plank, statehood Tor Arizona aud New
Aiekleo aud Tie conservation " natural
resources, bills 10 carry all of which
promises into effect were pending in
eougiess, and be believed would be-
passed.
1ext VI freeloent speech.
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