The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1912-08-09
TAFT ACCEPTS
THE NOMINATION
Criticises Roosevelt and Wilson
Policies at Ceremonies.
ISSUES, TARIFF AND TRUSTS
Root Tells Him Nomination Title Was
Honestly Gsined-candidate at
White House Notification De-
fends Payne-Adrich Law.

Washington.-Pres Taft was
formally notified of his denomination
as the candidate of the Republican
party before a gathering OF 1000 in
vited guests in the East Room OF the
White House. Mr.. Taft in reply TO
the notification committee, made an
address in which he declared the
maintenance Of the national institu-
tions was the chief issue before the
country at the November election. The
President while not mentioning either
Colonel Roosevelt or Governor Will
son by name, plainly referred TO them
at several points in his long speech
aud charged that they were heading
toward Socialism. Neither did he re-
fer directly to the charges Of fraud at
the Chicago contests, that being left
to Senator Root, who declared IN his
address after referring to the Roose-
velt contests and the decisions of the
National and Credentials committees:
Your title to the nomination Is as
clear and unimpeachable as the title
of any candidate since political con-
ventions began"
President Taft replied in a keynote
speech, outlining the issues.
The supreme issue that confronts
the voters, the President declared was
that OF the maintenance of the ma
tion's institutions and the preserva-
tion of the Constitution, threatened,
he said. on the one hand by those Re
publicans who had left the party to
try their fortunes in new one.
Next in importance Mr.. Taft placed
the tariff. In the proposals of the
Democrats for reductions in the pres
ent schedules, he saiG, lay danger OF
business depression and hard times.
The Republican principles of revision
only where scientific investigation
shows it necessary marked the
straight road to continued prosperity
and commercial peace.
In discussing the tariff, the Presi-
dent sS;d it was untrue that to its
doors could be traced the high cost
of living, and pointed out that condi-
tions of living were alike over the
world. A political promise could not
remedy such a condition, he said.
AS an issue only less important
than the tariff, the President placed
the regulation Of trusts. He said the
sherman law had been enforced with
success, but added that specific acts
OF unfair trade should be denounced
as misdemeanors, that such acts
might be avoided or, when committed.
punished by summary procedure. In
terstate business enterprises, he said,
should be offered Federal incorpora-
tion law.
Aside from these issues the Presi-
dent pointed TO the record Of the Re
publican party, and particularly dur
ing his own administration as an earn
est Of what II mjght be evCcCted 10
do In the future II the people returned
Il to power in November. lie at
tackled the Democrats at o,her pOlu,s
than the tariff, making special refer
ence 10 the refusal OF that party in
the House OF Representatives 10 con
tinue the naval policy of two battle
ships year
Some important expressions Of the
Presidents speech of acceptance are
as follows:
1T should be our purpose to put
large business enterprises acting with
in the law on basis of security by
Offering them Federal corporation
law under which they may voluntarily
incorporate.
"A careful investigation will show
that the phenomenon OF increased
prices and cost Of living Is worldwide
it's extent and quite as much In
violence in other countries Of Gd-
anced civilization and progressive
tendencies as Ia our own"