The Bridgeport evening farmer., 1911-06-22
Taft Comments
 Trust Decisions
Believes They Have Done Great Good to Business,
 He Tells Yale Alumni
PRAISES THE SUPREME COURT

ernment, and He Is Proud
 of the Five Men He Ap-
 pointed.
 New Haven, June 22-President Taft | warmly indorsed the Supreme courts recent decision in the Standard Oil and American Tobacco Company cases l in his speech at the Yale alumni luncheon yesterday afternoon, held ir connection with the 21Oth commence ment of the university
 It was his first expression of opin- ion on the trust decisions He was the final speaker, following Justice Lamar of the Supreme court, who had received an honorary degree from Yale and had gracefully voiced his pleasure at becoming an adopted son ot the university President Taft was introduced by President Hadley of Yale as 'the man whom the world knows as the President of the United States, but whom we know as Bill Taft
 The President spoke in his most se- rious vein when he said that he re- gerded the appointing of Justices of the Supreme court as his most sacred
 
 recent decisions laid down by the court cleared the way so that all honest and intelligent business men can pro- ceed without fear of the Sherman anti trust law, under which the govern ment proceeded so successfully against the oil and tobacco corporations.
 The President expressed the belief that much of the doubt that in the minds of many business men and law 1ow hoC dispelled at last, and that business all over the country will be greatly bene- fitted thereby
 In leading up to his remarks about the trust decisions the President took occasion once again to reiterate his conviction that the Supreme Court of the United States is the balance wheel of this Government
 The President said in part:
 'The university has today honored a Justice of the Supreme Court of the United States. It is a deserved hon. or. The most sacred function that a President has to perform Is the ap- pointement of men to that body. 1t is the bulwark of our liberties In it's work of construction it recognizes the wonderfully comprehensive char acter of our Constitution in meeting the needs of sane progress; but it stands between us and extreme and unwise radicalism. It stands for the institutions that served our fathers. and will continue to serve us if the country is to live.
 Proud of Supreme Court.
 "It has fallen to my lot to have five members of that court bear my commission-a lot, I think. that has there is no duty that I have dis charged that has given me more heartfelt concern, that has worn more upon my conscience, than the selec- ton of the men-pure and upright of character, able and learned in the law, jurists and statesmen, with cour- age to decide, and assert the right. Whether that duty has been well per formed or not the country must de- eide, but I am willing to stand upon the record of the court as now made, short as it is, since the five were ap- pointed
 "The country has hung upon the decisions of that court in respect of a statute, the construction of which has given great concern to the busi- ness and other communities of this country. I believe these decisions have done, and will continue to do, great good to all the business of the country, and that have laid down a line of distinction which it is not diff ficult for honest and intelligent busi- ness men to follow.
 They have said that that statute applies to conspiracies and attempts to restrain trade which are undue or unreasonable. because their intent and effect is partly or wholly to monopo- lize, to exclude or suppress competi- tion, and to control prices, and not to combinations or associations in the normal development of business where there may be some incidental re- air,f Iao yIyoc of fhaF 1h off fI,~ combination or the association. There fore it becomes largely a question of fact and a question of conscience with the business community, that they can well follow and make the stand ard of their future action.
 Praises President Hadley.
 'I want to lay my tribute at the feet of President Hadley of the univ ersity,'' said the President in con clusion. ''He is building Yale to greater and greater eminence and in- f1uence. He is the hardest worked man in the country. And yet when I have had problems of difficulty that needed his clear, analytical mind, and his power over economic prob lens, and called him to help me in the work of tn1onths-I had almost said years-he did not hesitate, aI- though in his exhausting labors he was losing a pound a month to come and help me out.
 we look for a report from. his before Congress, meets next Fall, which shall elucidate one of the most difficult problems that Congress has to deal with. It is that sense of service to the country that, as the head of Yale, of course, he ought to have. but that is a different thing from saying that he does have it; but I know he does and you do too"
 Other speakers at the luncheon were Charles P. Rowland, '91; ex- President Timothy Dwight of the and President Vincent of the University of Minnesota.
 President Hadley presided. having at his right hand President Taft. In MT. Hadley's congratulatory address the material progress of the univer- sity was touched upon. Large pur- chases of land have been made in the neighborhOod of Yale Field for the purpose of expanding the play grounds of the university. These new grounds can be used for the erection -to d- i,, l>..