New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-29
PRESIDENT TAFT
FRIEND OF BUSINESS
He Defines the Governments Relation to All
Legitimate Enterprises
1T WOULD PROMOTE PROSPERITY
While Enforcing Law Strictly and Impartialy 1t Aims to
Encourage Accumulation Of Money by Thrift and Fore
sight-Capital Entitled to Reasonable Profits

Waterloo, Iowa, Sept 2S-Presideut
Taft. ia a speech here to-day defined
The Relation of the Government to
Business Re said:
wish 70 invite your attention 70 tho re-
istion Of the federal government and tho
federal statutes 10 the business Of this
country. ite legality and It's prosperity.
There are four most important points ar
which the policies Of Congress and the
federal Executive touch tho business Of
this country iu such @ vital way that the
Jcople are entitled To have the greatest
care, industry and application characterize
governments. action in respect 10 them
they are, nrst. iu respect of interstate
commerce and tine regulation oi railroads
and the rates Of transportation between
tHs states. second, in the enforcement of
The laws forhiddins combinations to
w0nCpollze interstate trade i'm industrial
.omp9nies; third. i1 the amendment OF
fsr'T legislation affecting chiefly the manu-
lectures ~ the country. and, fourth. in
furnishing Tor the use Of the business OF
-he country proper banking and curren-r
r. stem which shall automatically give an
elastic cu~reDc". expanding and contract
ing aecorolng 70 the business methods, and
.0-0lr-rg q confidence in the business come
"'unity which shall prevent panics
Railroad Problem Near Solution.
ri-st-In respect 10 the regulation or
railroads and the prompt rewedvirg or
rates we have progressed far toward q
satisfactory solution. lu the last admins
ration the power was given 70 the Inter
state Commerce Commission 10 FIX railway
rates. - having been decided that the
functions Of the Interstate Commerce Com
mission. then conferred went only so fsf
a. 70 fnC that rate was unres Sonah bic.
hut Cld not include the power or ryn- q
-easCnalla rate When the rrst regular
session Of Congress met fin my administra-
lion ] urged upon the cong the n'n"~-
more complete control and regulation Of
railways in respect 10 rates than had
heretofore been given. recommended
the establishment ~ q commerce court
which should absorb OH th, reviewing
jurisdiction which circuit courts had there
rof0re had. 20 consist of five members.
Nth the hope that this might secure
greater expedition and greater uniformity
u ruling and q 0romuter disposition hy the
supreme Court nj cases passed upon by
the Interstate Commerce Commission
r commended that cases affecting the
interstate commerce should DE put under
the direct control Of the Department ~
Justice. and that tho proceedings after
order had been made in the Inte~ IL"
commerce COMM selOr should be hr. .Hr
for or against the United States ar. .ut
against the commission. as theretO'r..
recommended frat shippers shu I'd have
some easy and practical method %. a~a"r-
shipment in advice iu writing with Ueu-
atty for a ia Lure t0 furnish ~.
] recommended that the commission he
authorized TO act ON IFS own initiative, as
well a unon the complaint OF amy midi
Nicual respecting the reasonab.-uess Of amy
rate or the fairness of any practice. and
that the commission should joe empowered
10 pass upon the classification Of com
mod.ties. ar well rs uDOu their rates. that
having been left .n doubt under the pre-
v'0u@ law.
7 also invited attention 20 the iniuri-
Gus DELAY ~ remedy which was OCca~iuue.
10 Tho shippers whenever unreasonable aG-
rauCes IN rates We're made The interstate
Commerce Commission might find the adj
vance unreasonable only after long hear
ing. and after 60 had gone into effect. and
after The uureISCi able rates had been col
iected for a considerable period. ! suE-
gested that the Interstate Commerce Com
mission might have power 20 suspend such
su order for sixty days and look into its
roasunab'ouess. and that If A be found un-
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