Omaha daily bee., 1911-10-09
GIVES VIEWS AS TO TRUSTS
Railroads Already Realize They
Must Obey Rules Laid Down.
PEOPLES POWER RECOGNIZED
Industrial Combinations Beginning
to Feel Hand of Law.
TALKS ON CURRENCY REFORM
Says Hopes 60 See Plan So Arranged
that Neither wall street Nor
Politics VIII Control M
ttOn's Money.

SPOKANE. Wash, Oct 7.-spokane
saw the close tonight Of one Of the most
interesting days of President Tafts trav-
els through the west. The day was
spent in northern Idaho and eastern
Washington, the principal stopping places
being Walla Walla, Wash; Lewiston and
Moscow. Idaho.
For many hours the presidential train
wound it's way through the famous Snake
river canon and from his car window the
president saw some of the most UNIQUE
farms in the entire United States. From
the waters edge these farms rose in
rolling billows to the benches and hill
tops on either side of the canon; at some
places they seemed almost perpendicular.
but everywhere was wheat stubble, indi-
eating that the last crop of the year had
been safely harvested. All of the farms
were in the dry farming district where
the crops are raised without the aid of
irrigation.
Governor Hay of Washington met the
president at Walla walla and accom-
panied him to this city tonight. The
governor in his first Introductory speech
of the day declared himself in favor OF
MIR. Tafts denomination.
Speaks Oh Big Business.
A second interesting development was
the repetition by President Taft at
Lewiston of portions of his Waterloo
utterances on the relation of the gov
ernment to business. We have put the
railroads under control, he said, "and
they acquesce in it, For time they
were defiant Now, under the steady ac-
f,, eli IL
of the Interstate Commerce commission
they have realized that the whole people
are greater than any part of the people.
that the whole people, If they move IN
one direction and are determined to con-
troll and bring about a just condition are
likely to win In the end, however often
they may be defeated in reaching that
purpose So. too, with respect to our
trusts The Industrial combinations that
have controlled prices are now under the
antitrust act and are beginning to feel
the heavy weight of the hand of the
law"
There are trusts in process of prosecu-
ton" the president continued, but my
own hope is that they will all recognize
that the Standard oil and Tobacco deci-
sions we're epoch making decisions, that
they are bound to change the course and
tendency of buNiness. II they had not
gentlemen. do hot know where We would
have gone. Everything would have been
in a trust. The only rescue from that
would have been state socialism"
On Currency Reform.
Referring to the need Of reform in the
currency system Of the country, Mr.. Taft
said:
There has been a plan devised by the
monetary commission. The plan has not
been agreed upon in detail, but 1t is hoped
that it will be so arranged that neither
Wall street nor the political powers in
the government will have influence in
respect to the issue of currency to meet
the demands of the market.
The president spoke of the prosperity
of the farmers and the hope OF extending
the usefulness of the Postoffice depart
ament through a parcels post system.
with the parcels post, with rural free
delivery" he concluded with the tele-
phone the farm prices doubling every ten
years, apparently the farmers will be-
come the millionaires and the moPey of
the United States will be found in the
country instead Of in Wall streetg