The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-09-29

TRUST-BUST|NG
WILL CON TINUE
Prosecutions Not to be
Stopped by Adverse
Criticism.
PRESIDENT TAFT
SERVES NOTICE.
He Warns Big Business Interests
That They Must Get Square
With the Law"-No Dis
cretion by Which Attor-
ney-General Can Stay
Hand of Government.

Waterloo. Ia, September 29.-Presi-
dent Tatt to-day. in speech defining
Inc relation of the government to
business" announced that the trust
prosecutions begun BY the Department
of Justice at Washington would con-
tinue. despite the recent criticism that
business was being made to suffer.
He serves notice that the big busi-
ness interests" OF the country must be
brought within the law Just as the
railroads nave been, ana declines to
admit that there exists any discretion
which would enable the AttorneyGen-
era TO stay tn. hand OF the govern
ment
AT the same time the President made
an earnest appeal :or reasonable con
sideraiion OF the railroads and the big
Industrial corporations. on the ground
that their reformation was being
brought about steadily and satisfac-
tory. and that nothing was to be
gained By 'vindiciive hostility"
Mr. Taft bitterly denounced those
politicians who seek to arouse the
prejudices of the people and TO array
one section OF the country against an
other. Such utterances he declared to
be those of the bllndest OF men."
Getting square With Inv.
The trust prosecutions, Mr.. Taft
SAID, need not be long continued. be-
cause he believed the business com
munity was rapidly taking in the ef-
iect of the recent decisions of the Su-
preme Court and was preparing to
square itself with the law.
Mr. TAFT spoke In the public park
here II had been raining hard all day
the ground was soaking wet. A crowd
OF several thousand listened intentiy
10 him, and applaudcd vigorously when
he concluded.
The Presidents first day in Iowa was
one OF large crowds all along the line
from Council Bluffs to Waterloo. In
most OF his speeches Mr.. Taft dweIt
upon the tsr!h- He again promised
TO recommend red actions in the va
rious schedules as the tariff board re-
ports upon them and to sign any bills
baaed upon these reports.
want you TO know where stand"
said the President. III you do not an.
Irove. when You know where ! stand,
you know what to do and IL you do
approve you know what TO do In any
event, am content to abide your YER
diet"
The President was welcomed to Iowa
by Governor Carroll, Senator kenyon
and large delegation of Republi-
cans. Senator Cunmins was not in
the party
Presidents Address.
Mr.. Taft spoke as follows:
My Fellow Citizens: / wish to in
vite your attention to the relation Of
the Federal government and the Fed
eral statutes TO the business of this
country. Its legality and its prosperity
There are four most important points
at which the policies OF Congress and
the Federal executive touch the bus
mess OF this country in such a vital
way that the people are entitled 10
have the greatest care. industry, and
application characterize governmental
action In respect to them. They are.
hrst. In respect TO interstate commerce
and the regulation OF railroads and
the rates OF transportation between
the States; second. in the enforcement
OF the laws forbidding combinations
TO monoPoitze interstate trade in in
dustrial companies; third. IN the
amendment OF tariff legislation AFFECT
Ing chiefly the manufactures of the
country; and fourth. in the furnishing
Tor the use OF the business OF the
country proper banking and cur
rency system which shall automatical-
~ give an elastic currency, expanding
and contracting according to the hug
mess methods. and inspiring a conf
dence in the business community
which shall prevent panics.
Fret. In respect to the regula-
ton OF railroads and the prompt reno.
dying OF unreasonable and unduly dis.
eliminating rates. we have progress
ed far toward satisfactory solution
In the last administration the power
was given to the Interstate Commerce
Commission to fix railway rates. a
having been decided that the function,
of the Interstate Commerce Commits.
sion, then conferred. went only so far
as to find that rate was un-eason-
able, but did not include the power of
fixing reasonable rate When tho
first regular session OF Congress met
In my administration urged upon
the Congress the necessity for fur
ther legislation looking to a more
complete control and regulation Of
railways In respect to rates then had
heretofore been given. I recommended
the establishment of commerce.
court which should absorb all the re-
viewing Jurisdiction. which Circuit
Courts had heretofore had, to consist
of five members, with the hope that
this might secure greater expedition
and greater uniformity in ruling, and
prompter disposition by the Supreme
Court Of cases passed upon nv the
Interstate Commerce Commission,
II recommended that cases affecting
the Interstate commerce should pe
put under the direct control OF the
Department OF Justice, and that the
proceedings after the order had been
made in the Interstate Commerce Com
mission should be brought for or
against the United States. and not
against the commission. as thereto.
fore.
Il recommended that shippers should
have some easy and practical method
OF ascertaining rate applicable to
any proposed shipment In advice in