Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-10-08
TAFT Warns TRUSTS|BAN ON B|[[B0ARDS
Tells Western Auditors They
Must Obey the Law.
RAILROADS FAIR EXAMPLE
President Says They Rebelled, But
1--WE Put Them Under Control"
SEES DRY FARMING DISTRICT

oEES IN FAhM1Nd UlSIk1CV
SPOKANE. Wash, October 7.-Spokane
was the terminus tonight of one of the
most picturesquely interesting days Of
President Taft's travels through the west.
The day was spent in northern Idaho and
eastern Washington, the principal stop
ping places being Walla Walla, Wash.
Lewiston and Moscow. Idaho.
For many hours the presidential train
wound its way through the famous Snake
river canyon. and from his car window the
President saw some of the most singular
farms In the entire United States. From
the waters edge these farms rose to the
benches and hilltops an either side of the
canyon, at some places seeming almost
perpendicular, but everywhere was wheat
stubble, indicating that the last crop of
the year had been safely harvested. All
OF the farms were in the dry farming dis
trtct, where the crops are raised without
the aid of irrigation.
Gov. Hay Of Washington met the
Pre-: ident 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 Mr.. Tafts denomination. A
second development was the repetition
Gus portions of his Waterloo utterances
of the relation Of the government to
business.
Trusts Feel Hand of Law.
1--WE have put the railroads under
control" he said. land they acquiesce
in it. For a time they were defiant.
Now. under the steady action of Con-
gress In increasing the power of the
interstate commerce commission, they
have realized that the whole people is
greater than any part of the people.
$50, 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"
The President then spoke Of the Stand
ard Oil and tobacco trust decisions of the
Supreme Court. referring to the Standard
Oil as the oldest of trusts, the one
which had been established by more ac.s
Of criminality and unlawfulness than any
other 1.-The one which did more business
abroad and was in that respect the most
useful" He referred to the American
Tobacco Company as "a trust devised by
able. ingenious lawyers for the purpose
of evading the antitrust law"
Socialism Would Be Only Rescue.
There are other trusts in process of
the President continued.
but my own hope is that they will all
recognize that the Standard Oil and
tobacco decisions were experimenting
that they are bound to change
the course and tendency of business. If
they had not, gentlemen, / do not know
where we would have gone. Every
thing would have been in trust. The
only rescue from that would have been
socialism.
There are those who say that we could
get along without competitions; that 1t
will destroy everybody and therefore you
have got to have some arrangements by
which trusts can be kept lawful. We
lived by competition for centuries and 1t
was not until the last thirty years that
there developed this idea that we could
get along without IT.
American business was that competition
was desired.
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. 1t is hoped
that 1t will be SO arranged that neither
Wall street. nor the political powers
in respect to the issue Of currency to
meet the demands Of the market.
Panics Must Come, he Says.
THAT we are going to have panics
at times" said the President. will fol-
low the inevitable characteristic Of hu-
man nature that sometimes we spend
more than we have. This is one kind
of panic: the other proceeds from
the artificial character Of our system
of Issuing money"
The President spoke OF the prosperity
OF the farmers and the hope Of extend
ing the usefulness Of the Post Office De-
partment through a parcels post system.
With the parcels post and rural free
delivery" he concluded. ''and with farm
prices doubling every ten years. the
money Of the United States may be
found In the country instead OF in Wall
street.
In introducing Mr.. Taft today at Walla
Walla Gov. Hay said:
1T was citizen Of this city, former
Senator Ankeny, who first championed
your nomination in 1908. and large ma
scription should be repeated in 1912"
When the President rose to make his
reply he was laughing hugely.
II. as the governor says. Senator An
keny recommended me as a prescription,
he said, and you need second dose,
we'll, 1 will have to do the best l can to
cure any disease you may have"
Mr. Taft tonight proceeded to Tacoma,
and tomorrow will make trip up Mount
Rainier.
President Frequently Applauded.
WALLA WALLA, Wash, October T.
Referring to President Tafts reception
today. the Evening Bulletin will say:
1.-THE people, while not overdemonstra-
tive. listened intently and applauded Taft
frequently
The Union will say tomorrow:
THE President was received with en-
thusiasm everywhere along the line. The
crowds cheered him as he passed through
the streets"
p00cT Till uJ1I e0N Q00hA