Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-02-13
Statehood For New Mexico and
Arizona Among Party Pledges
to Be Redeemed by Present
Session of Congress.
LITTLE CONSOLATION FOR
WALL STREET IN ADDRESS
Business Methods Must Con-
fomn to Law, Declares Taft
in Answer 10 Stock Market
Cries Of Panic,
ny Morning Journal sDeclal r.asss wirsi

lBy Morning Journal sDeclal feasss Whei
New York. Feb. l9.-'If the enforce
lnent of the law is not consistent with
the present method Of carrying ON
business. then Il 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 70
Wall street ana Its cry of panic. II
was made to a cheering audience OF
hundreds Of prominent republicans
gathered tonight 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 ana now
they should be kept 1t was ~ 'hs
lconclnsion Of a detailed argument rs
ia how the republican party Is redeem
1 ing its pledges that he came To q dls.
cllssion Of the antitrust law ana Wali
I street. on which his ntterances hau
be,n awaited with the greatest inter-
4 est.
The president declared that the ad-
J fninistration would not tooiishiy run
lamuek ia business and destroy values
4 and coniidcnc" Just lnr wv p''"'"'
! OF doing SO.
nNo one" he continued. has
notive as strong as the administration
IA mower to cultivate and strengthen
f bitsinogs confidence and@ PROSPERITY,
But there WAS no promise on the ps,s'
~ The republican party % cilanRe Wy
anti trust law except to strengthen "
~ rn,,rse the government at Washing
ton can he counted on to enforce the
lnw in the way best calculated 70 pre-
vant Il destruction Of public coniuencr
IN husiness but that Il must eniorce
me lnw goes without saying
president TAFT did not hesitate TO
discuss the attacks that nave peen
nude upon the administration ~"
the party or danger y iutuIt suuIVar .,,so,
I'm the insurgcnt movement anu oliei
nenubIicans who feared defeat at
the nolls in November, he declareu'
however. should take courage from
,he demornlized condition 81 their op-
ponents. the democrats ,.
1T was Grant" said the pfesluen.,''
.who banished his own rear III pa..,S i,,
nv thinking how much more htrH'"
The enemy WAS o.. 4
"a again came to the defense offtne
pavne- Aldrich tariff bill. lie did no'
hesitate, he said. to repeat that u sun
! tnntinltv complied with the parry
, nledge for tariff regulation, ana t.,n',
throifeh this bill, tho party had se'
itself strongly IN the r'Iht uiiNN''''
! howard lower tarius .,a
president spoke of postal saViilss
hank. amendments to the lnters.a.e
rnmmerre law. the anti-injuncuoh
, 1anls statehood for Arizona ana NEW
Mevlco. and the conservation or na'
! ural resources, bills to carry az ~
which promises into enect were pe,.t
, inc in congress and he believed W"ui"
lac passed The president sara 10
aMr president, gentlemen OF the rs
,,hiiean club and fellow guests:
,.rrhe birthday of the man WHOSE
,,,o,,nr,. we celebrate tonight Is an ap
:. m.onriate occasion for renewing oul
nxnressions of respect ana Auiec'i",
/ for the republican party hhd ~
,.ioages TO keen the part Mhlcn
l,,.' a. tho history of this country ~
!. hicn and as usni as II was IN the a"-
,,tnistration of Abraham Lincoln inc
Lille which he had to undergo ~
nraaident. the political storms WIZ
b XXX norfv had to weather in the eiNii
! war the divisions in the party 'ss" s,i
I between the radical nntl-SiaNelS ~.
a / ,,,.nt aud those who were most COZ"
49,, - Ia observing the constlth-
tinnal limitations are most inteies,l.llf
! rradlns and serve to dwarf ana nlin''
q mic The trials through which .ths ~
,,,htiran marty is now passing anu ~
I, storc a sense Of proportion 10 ti th"S'
,,'hn allow themselves to be daun''u
and discouraged IN Tue ~, -. ~, 4,
nf nnpular confidence Thought u pe )"
,liceted hv the tone OF the press.
"a In what respects has the repuua'
+. ..,, naff, failed in it's conduct Oh tn'
= ,,,.,',,nnent and enactment OF laws y
!, .rfnrn, It's duty IL was retutheu y
,,y.sr "a wear ago last November us .
sr, large majority after a cahpais,
n, vbich II made certain prom lses -
H. niatform and those promises !. ha'
y 'itbrr substantially complied Win. ~
] il IA about To perform wilhin ''e p'''
.nt session of congress. l.. -
Let ns take up the promises !" ~
r. der. ,.,s,e,ru of las
t. ,,,r unon which the campalsh va
/, n,adr appears the following plank II
- regard 20 the tarift. ,..,..o.. an,
The republican, parry ues'aiss 7s ~. ,a,.
q souivocailv FOR the revision .-'', =. - a.,
e iu bv special session OF Soiisl 80 ~,
= ucdiateiV following the inausura.lv,.
,l ~ .h- next president ana , coiihle''ue :.
ID "a. stems already taken 20 TINS emu y
i M. work assigned 90 the apnfopIlau
IS .n,,mitteos of congress Which are n n"N
!. invrstieating the operation ana enes e,
Z "f ..Vietino schedules. In All Ati'
hesitation the true principle OF pro
t..ettnn il best maintained BY the I'M
.. ,,,sition Of such duties as VIII equa
,b.. gifferenee between the cost OF pro
-, a,otinn al home and abroad, togethe
(, ,,ith a reasonable profit TO America
= ,,,Smetri,s We favor the establish
!. ,,,,,i ~ naximum and minimum rate
E A.. administered hy the prcsiden