Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-01-20
President Declares Admins
tration Has No Desire to Per-
SeCute Business But VIII
Continue War On Monopoly.
AlDRICH CURRENCY
PLAN MEETS APPROVAL
Senator Bailey DenOu0CeS IOiti'
ative, Referendum and Recall
at New Haven Chamber Of
Commerce Gathering,
tBy Morning journal specia, Iensed wIre1

IBy Morning journal Special Lensed WIre.1
New Haven Conn, Jan. lg-Sptuk-
inp before the New Haven Chamber
of Commerce tonight, President Tart
made a plea for continuance for his
economy and efficiency commission;
declared that the administration has
no desire to "pcrsecute business but
that it will continue to enforce the
law against monopoly and unlawful
combinations and urged business men
OF the country to get together with
him to insure prosperity.
Senator Bailey Of Texas, an earlier
speaker, although he called himself
an optimist. had sounded n warning
aoaiust tho increasing danger of so
cialism. To this warnino the prcsi-
o,u. cook exception.
Il don't think" said the president.
that we are as near that which nc
fears and which | should fear If
thought we We're near it-socialism.
| have abiding faith in the American
people. | have abiding faith that after
time they will come back and
discriminate between what is good
cloth and what is tustan What we
need is prosperity. \ lack of pros
perity does not make the rich uncom-
forta BILE IT is lack of prosperity that
makes the poor uncomfortable. What
hope is that wen all get together
in good team work To bring about
prosperity
The president did not begin speak
ing until late and his address was
short In it's relations TO the rail-
| roads, the trusts, the tariff and the
currency, the government Vitally
touches business, he said He eX-
planned the change that has come IN
the attitude of the railroads toward
legislation affecting them and which
they opposed vigorously few years
ago. The recent decision of the su-
prome court in two great cases, he
said, had paved the way for business
to i've within the antitrust law.
1t has been enlorccd.' said the
president, "und II win continue To be
enforced quietly, / hope and with as
little disturbance to business as pos
sible.
In speaking of the tariff Mr.. Taft
asked thar business men urge con
gress To continue IN existence the tar
iff board that the tariff may be re-
vised, if al all, one schedule at time,
with the least disturbance to bust
ness ana upon the most scientific data
obtainable.
The currency system of the United
states, he declared. must be changed
and in the plan of the national none /
tary commission submitted to con-
gress he has found nothing To fear
from "Wall street"
Il hope" he said, that the people
and congress will find that it places
the discretionary increase and de-
crease of money in the hands OF per-
sons not controlled by the political
government at Washington
The president had only "a word 10
say about the recall of judges.
Back of everything else in the
government he declared. lis the ad
ministration of justice, and 1t seems
to me that to attack 1t is the stroke
of dagger at the heart Of civiliza- !
ton
senator Bailey of Texas. attacked
socialism and the initiative. referen- |
dunn and recall.
The man who denounces most the |
use of money IN politics. he said, rs /
the man who uses the most money in |
politics. There is "A person down IN /
New York. Hearst Is his name. given |
name William, who has had more To /
say about the use of money in poll
tics than any other man, yet he has /
used personally more money IN poll |
tics than any other ten men whom ] /
could name in the history of politics.
There is AN illustrious democrat, who
has had much to say about his pat
riotism. but who has got rich out or
politics. ] refer to william Jenning
Bryan.
"rhe men who protest most about
the needs of the guarantees of writ
ten constitution are the men who are
most strtnuously trying to spoil the
constitution of this country. Ana
they are doing II In the name OF the
people. And when we old-fashloned
sitnpIe-minded citizens and democrats
Ias. al sHF All I
fathers. We are called reactonarics.
ann r,actiuuary ana ! am not AFRAID
to claim it, When the republicans
have. also come back 90 the faith IF
th,. fathers. We VIII weld an the pat
rfnfiem into s mass to defend the
constitution of our fathers against
the uuspoakahlc curse ot socialism.
senator Bailey said that people
who had called thcmselrn- democrats
had been Jed astray u" false doc
triues.
-E.pubIiDlus when thry talk about
pr,..p. should not forget their own
IaFoll.tts. ! want you to unite on
common policy. What ] want YOU 10
90 Is a. unite and fight without
niuehIng. th- common enemy "i the
country. socialism. want tn say
tbaf r. republican who ever held tho
office Of president has ever ui'd Co
be- uor, faithful to thc people 20 this
rourtr, than william Howard TAFT II
would IIk. to beat him for the presi-
d,net. buf NOT hy living about him.
In speaking ~ the d'u"gtati' parry
the senator said Doe had had an at
ta,l, of -gryanitis~ adding the dem
ocratie party viii ,um' into us own
again when it has made The fight f"f
tho oId-fsshioned principles of "uf
fathers when we comprnmise dem
ocracX for socialism. He condemn our