New-York tribune., 1910-02-14
TAFT SPEECH LIKED
TF4DERS IN BUSINESS
GITE VIEWS.
Gtoeefhsr Ercellent, Says
Ggru-CIe7gs. Expects No
Effect on Stocks.

--ee.ad he publication yesterday OF
--.s,7, delivered by President Taft
-. 80 lincoln Day dinner Of the he
-..,,,-s- rlrb last saturday night
,,.- --,-,irert in the business and
-.-T --o--s hailed 1t as a mastery
-..-.-- NJ existing conditions and as
possessing none Of the alarming Iea'-
,--es long reralded by certain interests
.-er-es=ntative q what the policy OF
re administration vas - be
believed hy many that Presl-
Zen, Taft was peculiarly fellcitcus IN
---s+ rsrt Of his address where he opened
--e door II irritation 10 the business
--e- q The country . meet the govern
-en- rzlf psv il solving the problems
r the tine Il was pointed out the
President had done so when he said
--z- although the administration OF
-o,,rse vouid uphold the laws. he coupled
--srr = the assurance that this would
n done II the way best calculated 70
rre-ent destruction Of public conf
cence = business
EXCELLENT SAYS GAR
Judge : H Gary. chairman Of the
bcs-6 q directors of the United States
S-eeI CORPORATION. did not overlook yes
-=-osv any word II the speech He vas
-.-zbIe 70 be present a. the dinner, but
y -ls apErtr7ents a. the Waldorf with
-.e newspaper reports before hin. Judge
CAR told reporter Of The Tribune
--es-erda- that the President address,
-as "corciltatorv n rs tone and alto
r=-he- excellent" He referred 70 Il 9s
-eins strong presentation Of the policy
= ne present administration concerning
~ subjects referred TO
= = pain. explicit and cor1prehen-
=fve.~ continued Judge Car It's tone.
though firm and vigorous, Is neverthe-
-ess csI-n and entirely Eree from preIu-
rtc= cr pzssion- Ths urtersnces are
-L-se q statesman IS contrasted with
such IS might ba expected from de1na-
Fozue or even mere politician. The
-reecn v-az -ir2eIv and viii he oI great
ts-zat II the business Interests of the
corn-rv-
That -arr cT the address which re-
ee-g q the questions n which 1 an
particularly interested should not he Oh
,er-ed - = ! understand the position Of
n. President. although il Is possible
something might properly be added as 10
detail or method.
7 Ike The statement that those en-
-eze5 II modern business. especially Of
---za.-1zc41,zA-azd transportation shall
PURSUE the Foley with respect to thei-
zorz1pstitors Of '-Iire and let live This
-on6ir1on cannot be realized either by
unreasonable combinations nor oy de-
s--ucri1e competition
The President states that the laws of
--e oorrIrv must ee enforced. as every
rre sworn rc execute the laws must m
s5z-. but he removes the sting 10y further
.-e-5fl- that this VIII he done IN the way
-esr calculated 70 prevent & destruction
~ pubic confidence IN business
4 think this expression is Of great sig
r5@cznoe- for the administration viii find
- q The important interests Of the
ro-,r1-7-. whether thev are IN the courts
~ o-nerv-is-. disposed 70 meet the gov
eminent half v-ay in reaching solu-
non which snail protect property and
-~or7cre business success. ana yet 81
ne same time prevent injustice or op-
--ess5o- 70 any. There viii be. be
s+~-e 10 cause for court proceedings Il
III r Is VIII honorably and cheerfully
--esr -7e administration on q fair basis.
FRIENDLY ADJUSTMENT.
Personally think tha government
r.zr- 70 and VIII give due consideration
~ ne tac- that there are NAM condi-
ions in ownership and methods which
s-7~c
--folere the laws Of the country and
--hoEt opposition on the part OF the
administrators Of the law. and should
ret be attacked. q the prejudice Of those
-.e07,n:a-iI- interested, without fun op-
-.o-r7,rfrv 70 reach an adjustment which
. III -arrn ~ one
7 sc nothing in the utteTances Of the
President opposed 10 this view. and, on
TO- -ontrarz-- much in its favor
The arguments Of the President re
ting 10 the questions he discusses in
detail are unanswerable. The people
throughout the country have 10 some
extent been in q fever Of excitement
o.i-fux the last few weeks. and tie
s7ee~h Of the President was therefore
opportune.'
Henri Cleps. The banker. said
The Presidents speech was about
v-hzt was expected OF him. He simply
reiterated what he said in his speeches
N hiss swing around the country. He
shows { firm attitude against the law
breaker Enforcement Of the laws IS
ire proper function of the Chief EXecu-
tive Il is what he j. there for. The
aRs must be enforced u preserve peace
srd order 7 trusts and corporations
break them with impunity- individuals
could not be expected 10 d. differently.
CO not believe the speech viii have
suE effect on securities. as the stock
Exchange has already discounted it
NACkATS VIEWS COINCIDE
although not intended as cor ment
-pon Ny Tafrs speech. Clarence Il
Ia cl,a-, u returning from ar inspec-
ION tip N the South. sad IL comment
* on business conditions.
The Posta5 Telegraph Companys
clans tor extensions, eoIsrsernents and
General expansion O. facilities through
out the South viii be carried out as de-
nands require il all directions. Pend
.ag decisions bv the Supreme Court may
- and doubtless are. important and