Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-03-11
TAFT MAKES PLEA
TOSOUTH' 5 YOUNG
SHOULD BE BROAD AND Liberal
IN ALL POLITICAL ISSUES.
HIS JOYS and HIS GRIEFS
Westinghouse Adyocud Reforms In
Corporation ControI-lrain-
ing of Young Men,
ny AsgocIated Press

Atlanta. Ga, March 10.-Prcsldent
Taft, IN a speech before the closing
session of the Southern Commercial
Congress tonight made a plea to the
Young men Of the New South to take
up the political issues of the day from
a broad and liberal standpoint and to-
eliminate from their consideration all
narrow partlsanship and sectlonalism'
Come fully into our national COM
munion" said the President "'with a.
patriotic purpose OF stimulating the
progress Of cur civilization In every
right direction maintaining our coun-
try's prosperity and accumulatng it's.
wealth but always IN subordination TO.
higher ethical standards and to the
promotion OF righteousness and JUS
tlce."
The President revealed briefly the
Accomplishments Of the SiXty-first
Congress. declaring that In ITS three
sessions 1t had enacted more helpful
legislation than any since the civil
War
Mr. Taft asserted that the greatest
accomplishment OF the session ended
March 4, was the ratification OF the
japanese Treaty. The greatest disap-
polntment, he said, was tho failure of
Congress to ratify thereciprocity agree
ment with Canada, In this connec-
tion he referred to his calling an extra
session to convene on April 4.
For Striking Reforms.
Atlanta, Ga, March 1O,-Some
striking reforms in corporation con-
troll and management were advocated
today by George Westinghouse, In his
address before the Southern CONNER
citl Congresses Speaking on the sub
ject OF Electricity in the Develop
ment OF the South. and OF the Ma
ton" he said that from the water
power OF the Appalachian Mountains,
five million to seven million horse
power can be developed oven In dry
seasons and he urged the advantages
Of cooperation In developing such
resources "Electri,it IS a unlver-
sal means o. applying power for do
ing the physical work OF the world"
he said, and all further cooperation
I for developing and supplying cleo
| trlclty on a large scale for the BEN
eft Of the public if not voluntary
I in the future, should he an enforced
/ Cne, Notwithstanding the outcry
which has been raised by the ill-in-
formed with reference to an imagin-
airy monopollaation Of the water pow
| er Of the nation.
Encouragement should be given to
| the investment of capital in these en-
| terprises under such wise and reason
able regulation as will insure econ
omy in the construction and opera
tion Of plants, adequate returns to the
capital invested, and at the same time
protect the consumer against eXor-
| bltant rates and charges or unfair
| discrimination
In the larger Industrial Develop
ments which forcsee there are 9th
er important factors which equal I'm
/ Importance the development Of the
water power resources. ! have par
! ticularly In mind those existing re-
strictions which make II difficult ana
expensive for a small corporation to
carry on conveniently and IN a simple
manner its business with qualifications
/ In several states, which restrictions
however, the great corporations Of
| the country easily sJrmount by rea-
/ son OF their financial ability TO or
ganize separate subsidiary companies
/ IN those states where such an expedl-
/ cnt Ia rendered necessary to meet leg
/ !slatlve requirements.
have long held that Il federal in
corporation act, which the president
advocates, under which all companies
doing an interstate business could or
wanlze would be n solution Of the
difficulties which are now almost In
surmountable, and which nre being
added to In an alarming manner In
the endeavor of the legislatures Of
the several states to cub a few Of tho
tens of thousands Of companies and
firms doing an interstate business.
After haviiJy read and carefully
studied the bill providing for federal
Incorporation, which was introduced
In the long session Of the present Con-
gress. / am constrained to say I
would prefer 10 see federal law in
terms more easily comprehended by
business men and devoid of those pro-