The Washington herald., 1911-09-29

on mana.
Deprecates AntagOnism to Capital.
The President concluded his address by
deprecating antagonism to capital He
appealed to the public in behalf of rea-
sonable, moderate action, and treatment
for the purpose OF encouraging the in
vestment of capital and af promoting
prosperity. Il deprecate, he said.
| ''Vindictive feeling against railway cor
porations, against the competing parts
of trusts after they have complied with
DEGREES of courts disintegrating them,
against a reasonable treatment of the
business dependent on the tariff, or
against the solution of the monetary
question. which appeals to all reasonable
and experienced men.
In attempting to rid ourselves Of the
evils that were growing in business so
as to put dangerous power into the
hands Of concentrated wealth, We had to
do many things that savored Of hostility
to capital. at least to the capital which
was engaged in those things that 1t was
| thought necessary to enact statutes to
| condemn. I am no defender of those
| evils On the contrary, l have been as
strongly in favor of their suppression by
| statutes made effective as any one: but
| l think We have arrived at a time when
the people themselves ought to acquire
|
| of economic forces to realize that a sec
tional prejudice leading to legislation
against the interests of one part of the
! country will as certainly rebound to the
detriment Of another as night will fol-
low day"
No War on Honest Investment.
After saying that we should not enact
legislation in a spirit Of hostility and
| think that merely because We have hit
a railway corporation and injured It we
have done something for the public
! good" Mr.. Taft uttered a warning
against "a general attitude of enmity
! toward the accumulation OF money by
| thrift and foresight and to its lawful
| investment in great enterprises for rea-
| sonable profit" He called a halt to the
theory, he said, that no one can be pros
porous without being dishonest or a vio-
| lator of law. He urged a movement to
promote the business prosperity of the
country by frowning down attacks which
! did not really aim at the elimination ot
! abuses. we must have investments"
! he said, from which to secure a large
wages fund, which is needed to support
! the wage earners. We must inspire in
| the business men who control those in
vestments the confidence that they will
not be driven out of business" His clos
! ing words were:
Why Business Is Hating.
Let US reason together. Let US be
charitable and kind. Let US not be so
suspicious and ascribe corrupt motives
to every one in the community but our
particular friends and political associates.
Let us do teamwork in the community.
1t us have legislation that helps, or an
absence of legislation II IL he unneces-
! = -
great business enterprise and genius that
honestly and by proper methods accumu-
lates property and puts It into productive
industries, supports tne thousands of
workmen. and furnishes profit to those
whose savings have gone into the shares
and bonds of the enterprise.
This is the hope I have for the future
Business is halting now. There is doubt
and distrust among investors, due to A
fear of blind enmity toward successful
enterprise What is the remedy? 1t is
the restoration Of confidence between the
ella sses OF persons who have been op-
posing each other in times past, who now,
after the reforms are initiated and are in
process Of being effected, ought to come
together in amity and make the best use
OF the enormous resources we have In this
country for the promotion Of general
prosperity and the securing and encour-
agement OF individual happiness"
Throughout his speech here. in which |
he assumed a sympathetic attitude to-
ward the corporations. the President
was given close attention. When he
proclaimed his purpose OF keeping after
the trusts and then in the next breath |
urged that there ought to be a halt in
the agitation against centralized money |
power the crowd regarded him curlously. |
Mr.. Taft was escorted in his jaunt |
through the State by a crowd of insur |
he learned that Iowa progressives look |
ed with favor upon the La Toilette boom |
for President Senator Cummins, leader |
of the insurgents in this State, didn't |
ride upon the Presidents train and kept
out of the Presidents way. 1t is under |
stood that he will join Mr.. Taft in Des |
Moines tomorrow. |
CummIns Boomers Along.
Insurgent Congressman who are boom |
ing Cummins for the Presidency, hoped |
aboard the train at Council Bluffs
In the aggregation of insurgents were
Congressman Pickett, Tower, Kendall |
Woods, Prouty. Kennedy. and Green. |
Senator Kenyon who calls himself a |
Taft progressive, and Gov. Carroll went |
along and sat upon the platform with |
the President, lending cheer to the trip. /
Every town where the President stopped
had its crowds to watch the President
pass in parade, and he had no lack Of
hearers when he spoke.
Trying to Satisfy Them.
At Webster City the President told
throng of 1900 that he was trying hard
to satisfy the people.
Il want you to know where I stand"
he said. in discussing the tariff vetoes.
IF you don't approve when you know
where | stand YOU know what to do In
any event 1 am content to abide by your
verdict"
Senator Kenyon essayed at Fort Dodge
to rap Col Roosevelt for not having gone
far enough in his handling of the corpor-
atoms. This evoked a mild rebuke from
Mr.. Taft, who observed that during the
previous administration the initial efforts
had been made in the trust fight"
This was the first time Mr.. Taft had
gone to the defense Of Mr.. Roosevelt.
Mr.. Taft stays here tonight and starts
early tomorrow for Des Moines. The at
ttude of Iowa progressives toward the
Presidents administrative policies is re-