The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-06-22
I COMMENDS DECISIONS
Tnft believes They Have Cleared Wny
for Honest DusIncsk. 49,

- for Honest Business.
New Haven. Conn. June Elm a
speech at the Yale alumni luncheon
here to-day. President Taft made his
first public comment OH the decisions
OF the United States supreme Court In
the Standard Oil and American To-
hacco Compa ny cases. The President
made II clear that III his opinion these
oecisions nave cleared the way SO that
oil honest and intelligent business men
can proceed without fear of the Sher-
man anti trust law. He expressed the
belief that much of the doubt that in
The minds OF many business meh and
lawyers hung about that law has boon
c!spelled, and that business all over
the country will be greatly benefited
thereby. Associate Justice Lamar.
upon whom Yale to-day conferred the
degree OF doctor of laws, sat on the
platform with the President and list
ened with evident interest TO the lar
ter's glowing eulogy OF the court.
J, Deserved Honor.
The President said In part:
The university has to-day honored
a justice OF the Supreme Court of the
United states II IS a deserved honor
The most sacred function that Il Presi-
dent has 10 perform Is the appointment
Oh men TO that body. 1t is the bulwark
of our liberties. In it's work of CON
struetion II recognizes the wonderfully.
comprehensive character of our Con-
Sutution in meeting the needs of sane
| progress; but 1t stands between us and
extreme and nnwise radicalism 1t
stands for the institutions that served
our fathers. and will continue TO serve
use II the country is to live.
ii mas fallen TO my LOT n bsva ave
members of that court bear my com
mlssion-a lot, think that has fallen
10 hut few Presidents-and there is
no duty that have discharged that
has given me more heartfelt concern
mat mas Worn more upon my con-
science. than the selection of the men
pure and nprigh; Of character. able
ana learned in the law. jurists and
statesmen, with courage to decide and
assert the right. Whether that duty
| ma been we'll performed or not the
country must decide, but am willing
lto stand upon the record OF the court
as now made. short as II is, since the
I'VE We're appointed
Wise Decisions.
| the country has hung upon the
| decisions Of that court In respect 10 A
/ statute, the construction OF which ha $
| given great concern 10 the busine.e
I OIL IllS country.
| ! believe those decisions have dona
an" VIII continue TO do, great good TO
az the business OF the country. and
tney have laid down line of dis,inc
'ion which It is not d.Hcult for homes,
/ ana intelligent business men 10 fol-
| io". hey have said that that sta,ute
| anpl to conspiracies and attempts 10
restrain trade which are undue or un-
easonaole, because their Intent and
! erect Is partly or wholly 10 monopo-
TIE TO exclude or suppress competi
| .ioh' ana To control prices--and not
! 20 combinations or associations In thc
/ normal DEVELOPMENT OF business wbare
mere may be come incidental restraint
maj was not the object OF the com
b!n+hnn or the association. There
fore II becomes largely question Of
iae' ana a question OF conscience with
we'll follow and make the s,anasrd
Of their future action"