Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-06-22
Browns 143rd Commencement
With 1855 Graduating.
Degrees Conferred Upon 214
Candidates Wednesday atTutts.
Last co-eds Graduate from Wesley
an--MilIlams, Wellesley, Others.

| New Haven, Conn. June 21.-Speak-
| ing at the Yale Alumni luncheon here
| today President Taft declared that
| the decisions of the United States
supreme court in the Standard Oil
and American Tobacco cases have
| pointed a clear road over which the
honest man can travel in safety. 1t
was the first public reference the
President has made to these decisions
| and was broght forth by the pres
ence on the platform with him of
Assist. Associate Justice Lamar. The
| President expressed the belief that
much of the doubt in the minds of
| many of the business men and law
yers that hung about that law had
been dispelled at last and that bust
ness all over the country will be
greatly benefited thereby. i.
The President said in part:
"The supreme court of the United
States is the bulwark of our liber-
ties. In its work of construction it
| recognizes the wonderfully compre-
| hensive character of our legislation in
| meeting the needs of sane progress;
but it stands between us and ex-
iIGiilt ultM4Se FdulGdHSItl+ II SldlIdS
| for the institutions that served our
| fathers. and will continue to serve us
if the country is 10 live.
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 bust
| ness ana other communities of this
| country. | believe those decisions
have done, and will continue to do
great good to all the business of the
country and that they have laid down
a line of distinction which it is not
difficult for honest and intelligent
| business men to follow They have
said that that statute applies To
| conspiracy ana attempts to restrain
| trade which are undue or unreason-
| able because their intent and effect
! is partly or wholly to monopolize, to
exclude or suppress competition, and
| TO control prices and not to combina-
| tons or associations in the normal de
| velopment OF business where there
| may be some incidental restraint that
was not the object of the cornbina-
| ton or the association. Therefore, il
becomes largely n question of fact and
a question of conscience With the
business community. that they can
well follow and make the standard
of their future action"
The President took reflected credit
he said. from the five appointments
he had made to the supreme court
| History. he added viii show the wis
dom of his selections but the decisions
in the two bid eases, he declared
| 81,
| had chosen Well.
| Il want to lay my tribute at the feet
of President Hadley OF the university
said the President in conclusion. He
is building Yale to greater and greater
eminence. He is the hardest worked
iman in the country. And vet, when |
have had problems of difficulty that
needed his clear. analytical mind and
his power over economical problems.
and called him to help me in the work
/ of months had almost said years
he did not hesitate although in his
! eXhausting labors, he was losing a
pound month to come and help me
out. We look for report from his
commission before Congress meets
next fall which will make clear one
of the most difficult problems with
ICongress has to deal IT is that sense
of service to country that, as the head
lof Yale, of course he ought to have.
that is a different thing from saving
that he does have it: but | know he
ldoes and you do too
President Taft returned as a fello "
lof the corporation attended the Conn
lmencement exercises of Yale Univer-
lsity. He reached here from New York
AT about 1902. and being met by Pro-
lfessor Bacon, was taken in an auto
mobile to Woodbridge hall where
President Hadley and the corporation
members We're in waiting
Outside the procession of candidates
for degrees had formed and it was in
motion as President Taft donned his
cap and gown. AS the procession mass
ed through the university campus the
, President and Major Butt fell into line
directly behind Secretary Stokes and
Treasurer Day and all passed into
, Woolsey hall the audience rising
/ President Taft took his seat beside Mr.
! Ripley and Mr.. Farwell other alumni
/ chosen members
After the exercises the alumni din
ner was held in the Memorial hall
l President Hadley presided. The speal,
ers were President Taft, Charles p
Continued on Page Sevena 4 /.