New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-29
Investment of Capital at Reason
able Profits Should Be En-
couraged by All Good
Citizens, the Presi-
dent Declares.
BUT LAW WILL BE ENFORCED
He Believes There Will Be Little Need
of Further Trust Prosecutions, as
Great Corporations Are Rapid
ly Conforming to Supreme
Court Decisions

| from STAFF Correspondent OF The Tribunel
Waterloo. Iowa, Sept 2s.-Declaring
that 1t is the sworn duty of the Execu-
tive to enforce the law, and therefore
that the managers of big enterprises
| can expect no cessation of prosecu-
tions Of violations Of the antitrust law.
but affirming his confidence that bust
ness men will make their affairs conform
to the law and urging truce in that
warfare or business which consists OF
appeals TO a spirit Of pure hostility 70
prosperity, on the theory that no ore
can be prosperous without being dis
honest" President Taft delivered to-day.
to an audience of nearly ten thousand
persons, the most important speech he
has made on this trip.
1T is not a progressive policy in any
! true sense to be hostile TO the prosperity
of any part Of the country" the Presi-
dent declared, and he appealed 10 all the
people TO put their shoulders 10 the
wheel 'in a movement to promote the
business prosperity OF the country by
frownng down those attacks that are
engendered not by a real desire 10 elm
mate abuses but by a wish 10 arouse IN
the people an unjust prejudice and take
away from them their clear perception
as to their real interest in encouraging
the investment of capital, In commend
ing its thrifty wise and lawful use 10
secure good and reasonable profit"
The President reviewed what has been
/ accommodated tho yiaW that
effective control of railroads had been
| achieved; that the Sherman law had
been so construed by the courts as TO
eliminate doubt and make evident the
unlawfulness of attempting TO suppress
competition; that the foundation for ra-
tional and intelligent revision of the
tariff had been laid by the creation and
work Of the Tariff Board, and that the
way TO sound and wise financial legisla-
tion had been pointed by the delibera-
tions of the National Monetary Commits
sion.
In effect, the President said that there
was now abundant legislation on the
statute books to enable the government
70 supervise business, that the time had
against business enterprise, and that all
good and patriotic citizens, actuated by
motives Of kindness and charity, should
stand ready TO give due credit and even
a, lend encouragement TO the business
enterprise which is essential 10 the pros
perity Of the nation, and to none more
than the wage earners.
| Cunnn,ins Refuses to Join Taft.
President Taft entered Iowa at Coun-
ell Bluffs early this morning. He was
Joined by Governor Carroll and his staff.
Lieutenant Governor Clark, Senator
Kenyon, General Grenville NJ. Dodge.
E. d. Hart, Republican national COM
mitteeman. and Representatives Towner
Kendall, Prouty and Kennedy. Senator
Cummins refused TO join Mr. Taft, and
his course is severely criticised in Iowa,
where it is felt that with the President
of the United States as the states guest
tn. senior Senator should have forgotten
factional differences and done his part
in extending TO the Chief Executive OF
the nation the hospitality Of the state,
| Just as Senator Bristow did in Kansas.
Because Of the strong factionat divi-
sion in this state and the large following
OF Senator Cummins the President did
not look for an enthusiastic welcome
here, and he has been pleasantly disap-
| pointed by the size Of the crowds which
have turned out 10 hear him and the
cordiality Of their greeting. a more or
less steady rain which has fallen the
greater part of the day has not pre-
vented people coming many miles to see
an. hear the President, nor has it de-
tracted in the slightest from the close
attention with which his words have
been received.
| t Denison close TO six thousand per-
sons gathered In the rain to listen to the
President, who explained his reasons for
vetoing the tariff bills OF the last ses-
sion, and the demonstration at the close
| OF his remarks was even more enthusi-
astic than that which greeted him when
he left the train. At Fort Dodge, the
home of Senator Kenyon and the former
home of the late Senator Dolliver, fully
| seven tnOuSduu ItlSoIS iiSAtieu W Nlt
President with rapt attention and
cheered him as he rode through the
streets, despite the downpour. At Iowa
Falls. a town OF less than three thousand
inhabitants, fully ten thousand We're
gathered about the stand as the Presi-
dent spoke and the crowd was as en-
thusiastic as any in Michigan or Kan
sas.
At Waterloo. a much larger city, ten
thousand persons had gathered in a
pouring rain. which fortunately ceased
as Mr.. Taft began TO speak. 1t was not
demonstrative crowd. however. and
VILE the quiet preserved as he read his
address was remarkable for so large an
audience the applause at its close was
little more than perfunctory.
Mr.. Taft Shows His Courage.
!, II required more than ordinary cour-
age on the part OF the President to do
liver such a speech In the heart OF Iowa,
where a Progressive OF the Cummins
tyne has so stiong a following; but, con-
yinced Of the absolute truth Of every