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About Jacksonville post. (Jacksonville, Or.) 1906-19?? | View Entire Issue (March 6, 1909)
• meet on tlie 15th day of March, in □umber of nten to num them Is insuffi- Ugl: ’ 'ition bv cotiirii • ' rrted ut the mon who are doh“’ f iltl'*nl hard I • ardor thnt consideration may be at slent. In a few years, however, the by I"•eper pro cedi ngs Instituted t>y Work to t bring about the early <-or-p' ■ once given to a bill revising tile Ding- usual nunuul appropriations for our the ci ;e utlve In the■ courts of tlie .na- il tlon of t! his the greatest constru.tlve J ley m t. This should secure an nde- coast defenses, both on the mainland tlonal gi ivernment. enterprise e of im dern times. >;unte revenue and adjust the duties in •ind in the dependencies, will make Monetary Laws Need Change. Fr*e Trado With Phili-’sine». inch a manner as to afford to labor them sufficient to resist all direct at One of the reforms to be carried nut I, ul.t TI k > govern 'oili.: of < ir dep nden- nnd to all industries in this country, tack. and by that time we may hoi«? ! during the In oming admlnlstrntl i is tn a ji- whether of the farm, mine or factory, that the men to man them will be pro a change of our monetary and banking cies III l’erto Itico and to“ ■ 1:1 Ip;“' to protection by tariff equal to the differ vided us a necessary adjunct. The laws so as to scour greater cl:' tielty ure progressing us f.ivor.ibly i , . t lid V.' Ich ence between the cost of production distance of our shores from Europe ' In the forms ef currency available for be desired. The prosperity of I’oi •d e : i lii bu abroad nnd the cost of production here and Asia, of course, reduces the ne trade and to prevent the limitations of Rico continue unab itvd. The • t • and ness conditions In the i'hilq ;.iues i: mid have a provision which shall put cessity for maintaining under arm a law from operating to Increase the em v I . ern into force, upon executive determina great army, but it does not take away barrassments of a tinnnci.il p.mle. The not all that we could wish them to I I I • i. but villi the I'.'iss:'. ;e “f t'e n. , f.r ie np- tion of certain facts, a higher or maxi the requirement of mere prudence, • monetary commission lately nppoluted I bill permitting fr. .■ trade betweij t t I w:iy mum tariff against those countries that we should have an army suffi is giving full consideration to existing I th r United States and the nrchlpela; » (Hit- whose trade policy toward us equitably ciently large and so constituted a to 1 conditions and to nil proposed reme i • of with such limitations in su .:r a requires such discrimination. It is form a nucleus out of which a suitable dies and will doubtless sugge- t one that li tobacco as shall prevent injury t > t polnt- force can quickly grow. thought that there has been such a a will meet the requirement., of Im iness < n t li. ■ i i <l:t •• !'iH» Wiiat has been said of tlie army and of public Interest. We may hope dome;;: ie Intel . ■ change In conditions since the enact e l.i III-. ui: ’ egro we can count on an impioie ¡ent in - ment of the Dingley net. drafted on a may be affirmed In even a more e:;i- that the report will embody neither the Unti •■••’.its ill l c business conditions In the Philippines l ise a 9 similarly protective principle, that the phatic way of the navy, A modern narrow view of those who believe that th ;ercbj and the development of n mutually measure of the tariff above stated will navy cannot be improvised, It must i the sole purpose of the new system profitable trade between tie : coimtr.i On the other permit the reduction of rates in certain be built nnd in existence when the I should be to secure a large return on i .a t be careful not to en- and the islands. Meantime our ov- emergency arises which calls for its schedules and will require the ad banking capital nor of those who would • more pretense of race feel- use and operation. My distinguished hate greater expansion of currency ernment In each deper.iicu! y i t uphold vancement of few, if any. ing the traditions of civil liberty ami ictured l:i the Interest of in- The proposal to revise the tariff predecessor has in many speeches and with littl<" regard to provisions for its increasing popuhir control, will. 'i might llti-al ambition. made In such an authoritative way as messages set out with great force and immediate redemption or ultimate se be expe-teil under American a "epi e:-. No Rccc F.cli.-,i In White House. to lead the business community to striking language tlie necessity for curity. There Is no subject ef econom The W. rk which we !ll" doing d i’: ¡here I' . !,■ I li-iv • not the slightest count upon it necessarily halts all maintaining a strong navy commensu- ic discussion so Intricate aril so likely redounds to our credit i ns a itati, race prejudl' ■ < r feeling, and recogul- those branches of business directly rate with the coast line, the govern- to evoke differing views and dogmatic Words of Friendship Fo" I tai ■■ only awakens In the South, | tlon of lis i affected, and as these are most im mental resources nnd the foreign trade statements as tills one. The commi 1 look forward wlih hope I to Invre.ts i " h :• . ¡apathy for those portant It disturbs the whole business of our nation, nnd 1 wish to reiterate sion In studying the general lntlueti o I between ' to I ir it or :■ • i■'. t from It. of the country, it is Imperatively nec all the reasons which he has presented of currency on business and of busi lug the already goi d feeling essary, therefore, that a tariff bill be in favor of the policy of maintaining ness on currency have wisely extend the south and the other r se lions of the nnd 1 question th“ wi-dom of a policy drawn in good faith in accordance a strong navy as the best conservator ed their investigations in European country. My cidi f purpose is not to Which is likely to Increase it. Mean with promises made before the elec of our pcaco with other nations mid banking and monetary methods. The effect a change In the elect' rill vote of time, if nothing Is done to prevent, a tion by the party in power and as the best means of securing respect for information that they have derived the southern states. That is a second be :.‘f ' ■elin.; between tile negroes and promptly passed as due consideration the assertion of our rights, the defense from such experts ns they have found ary consideration. What I look for the whites In tlie south will continue of our Interests and the exercise of abroad will undoubtedly be found ward to Is nn Increase in tlie tolerance to grow, and mere and more of the will permit. our influence in international matters. helpful in the solution of the difficult of political views of all kinds and white people will come to realize that Inheritance Tax Advocated. their advocacy throughout the south the future of the south is to be much Must Arm as Other Nations Do. problem they have lu hand. In the making of a tariff bill the nnd the existence of a respectable po benefited by the Industrial and Intel Our International policy Is always to prime motive is taxation and the se Favors Postal Savings Banks. litical opposition In every state even lectual pr gross of the negro. The ex curing thereby of a revenue. Due promote pence. We shall enter into The incoming congress should more than than tills, to an increased ercise of political franchises by those largely to the business depression any war with a full consciousness of promptly fulfill the promise of the Re feeling on the part of all the people in of his r i -e who are Intelligent and which followed the financial panic of the awful consequences that It always publican platform and pass a proper the south that this government Is tlielr well to do will b" acquiesced 111, and 1007, the revenue from customs and entuils, whether successful or not, and postal savings bank bill. It will not government and that its officers In the right to vote will be withheld only My Fellow Citizens—Any one who other sources has decreased to such we, of course, shall make every effort, lie unwise or excessive paternalism. their states nre their officers. from the Ignorant nnd Irresponsible of takes the oath I h ive just taken must nn extent that the expenditures for consistent with national honor and the The promise to repay by the govern both races. The Negro Question. feel a henry weight of responsibility. the current fiscal year will exceed the highest national interest, to avoid a ment will furnish an Inducement to The consideration of tills question The Labor Question. If not, he has no conception of the receipts by $100.000,000. It is impera resort to arms. We favor every instru savings deposits which private enter cannot, however, be complete and full There is one other matter to which I mentality, like that of The Hague tri prise cannot supply and at such a low without reference to the negro ra. e, powers and duties of the office upon tive that such a deficit shall not con shall refer. It was made the subject bunal and arbitration treaties made rate of Interest ns not to withdraw which he is about to enter or he is tinue, and the framers of the tariff with a view to its use in all interna custom from existing banks. It will its progress and its present condition. of great controversy during the elec bill must of course have in mind the lacking in a proper sense of the obliga The thirteenth amendment secured total revenues likely to be produced by tional controversies, In order to main substantially Increase the funds avail them freedom, the fourteenth amend tion and calls for at least a passing tion which the oath imposes. it and so arrange the duties as to se tain peace and to avoid war. But we able for investment as capital in use ment duo process of law. protection reference now. My distinguished pred The office of an Inaugural address is curo an adequate income. Should it lie should be blind to existing conditions ful enterprises. It will furnish the ecessor has given much attention to to give a summary outline of the main impossible to do so by Import duties and should allow ourselves to become absolute security which makes the of property and tile pursuit cf happi the enure of labor, with whose «frug ness, nnd the fifteenth amendment at al ■ for better things ho has shown the policies of the new administration so now kinds of taxation must be adopt foolish idealists if we did not realize proposed scheme of government guar tempted to secure the negro iv alimt far as they can be anticipated. I have cd, nnd nmong these I recommend a that, witli all the nations of the world anty of deposits so alluring without any deprivation of the privilege to sincerest sympathy. At Ills Instance congress has passed the bill fixing the had the honor to be one of the ad graduated Inheritance tax as correc* armed mid prepared for war, we must its pernicious results. vote because he was a negro. The liability of Interstate carriers to their be ourselves In :i similar condition in in principle and as certain nnd easy of visers of my distinguished predecessor Ship Subsidies Advocated. thirteenth and fourteenth amend employees for Injury sustained In the order to prevent other nations from nnd ns such to hold up his hands in collection. I sincerely hope thnt the incoming ments have been generally enforced courso of employment, abolishing the taking advantage of us and of our in Government Economy Urged. congress will be alive, as it should be. and have secured the objects for which the reforms he has initiated. I should rule of fellow servant nnd the common ability to defend our interests nnd as to the importance of our foreign trade they were Intended. The obligation on the part of those While the fif be untrue to myself, to my promises sert our rights with a strong hand. and of encouraging it in every way teenth amendment has not been gener law rule as to contributory negligence nnd to the declarations of the party responsible for the expenditures made In the international controversies that and substituting therefor the so called platform upon which I was elected to to carry on thé government to be as are likely to arise in the orient, grow feasible. The possibility of Increasing ally observed in the past, it ought to rule of comparative negligence. It hits this trade in the orient. In tlie Philip be observed, mid the tendency of economical as possible and to make office if I did not make the mainte ing out of the question of the pines and in South America is known southern legislation today is toward also passed a law fixing the compen the burden of taxation as light as pos nance and enforcement of those re sible is plain and should be affirmed in open door and other Issues, the to every one who has given the matter tho enactment of electoral qualifica sation of government employees for forms a most important feature of my every declaration of government pol- United States can maintain her inter attention. Tlie direct effect of free tions which shall square with that Injuries sustained hi the employ of the government through the negligence of administration. They were directed to | Icy. This is especially true when we ests intact and can secure respect for trade between tills country nnd the amendment. the superior. It also passed a model the suppression of the lawlessness and I are face to face with a heavy deficit. her just demands. She will not be Philippines will be marked upon our No Repeal of Fifteenth Amendment. child labor law for the District of Co able to do so, however. If it is under sale of cottons, agricultural machinery abuses of power of the great combina 1 But when the desire to win the popu Of course the mere adoption of a lumbia. In previous administrations stood thnt she never intends to back and other manufactures. Tlie necessi constitutional law Is only one step in nn arbitration law for interstate com tions of cupital Invested in railroads lar approval leads to the cutting off of . up her assertion of right and her de and in Industrial enterprises carrying expenditures really needed to make fense of her interest by anything but ty of the establishment of direct lines the right direction, it. must be fairly merce railroads and their employees on interstate commerce. The steps the government effective and to «n- mere verbal protest nnd diplomatic of steamers between North and South und justly enforced ns well. In time and laws for the application of safety which my predecessor took and the : able it to accomplish its proper objects note. For these reasons the expenses America has been brought to the at both will come, lienee it is clear to devices to save the Ilves and limbs of legislation passed on his recommenda the result Is as much to be condemned of the army and navy and of const de tention of congress by my predecessor all that the domination of an ignorant, < mpioj < < ■ of inter tate railroada had tion have accomplished much, have as the waste of government funds in fenses should always be considered as nnd by Mr. Root before and after his irresponsible element can be prevent been passed. Additional legislation of noteworthy visit to that continent, and ed by constitutional laws which shall tills kind was passed by the outgoing caused a general halt in the vicious I unnecessary expenditure. something which the government must In the department of agriculture the pay for, und they should not be cut off I sincerely hope that congress may be exclude from voting both negr< es anil congress. policies which created popular alarm and have brought about In the busi use of scientific experiments on n large through mere consideration of econ induced to see tlie wisdom of a tenta whites not having education or other I wish to say that, hi so f ir as I can, ness affected a much higher regard for scale and the spread of information omy. Our government is able to af tive effort to establish such lines by qualifications thought to be necessary I hope to promote the enactment of the use of mail subsidies. for a proper electorate. The danger further legislation of this character. derived from them for the improve ford a suitable army and a suitable existing law. The importance which tlie depart of the control of an ignorant electorate I am strongly convinced that the gov ment of general agriculture must go nnvy. It may maintain them without Further Action Ncoded. ment of agriculture and of commerce has therefore passed. With this change ernment should make Itself ns respon To render the reforms lasting, how on. the slightest danger to the republic or The importance of supervising busi the cause of free Institutions, mid fear and labor may play in ridding the the interest which many of the south sible to employees Injured hi Its em ever, and to secure at the same time markets of Europe of prohibitions and freedom from alarm on the part of ness of great railways and Industrial of additional taxation ought not to discriminations against the importa ern while citizens take in the welfare ploy as an Interstate railway corpora those pursuing proper and progressive combinations and the necessary inves change a proper policy in this regard. tion of our products is fully under of the negroes bus Increased. The col tion Is made responsible by federal ored men must base their hope on the law to its employees, .and I shall be business methods further legislative tigation and prosecution of unlawful Protection For Our Citizens Abroad. stood, and it is ltoped tliat the use of results of tlielr own Industry, self re nnd executive action are needed. Re business methods are another neces The policy of the United States in the maximum and minimum feature straint, thrift anil business success as glad, whenever any additional reasona ble safety device enn be Invented to lief of the railroads from certain re sary tax upon government which did the Spanish war and since has given of our tariff law to be soon passed will well as upon the aid mid comf< rt ¡mil reduce the loss of life and limb among strictions of the anti-trust law have not exist half n century ago. it a position of influence among the be effective to remove many of those sympathy which they may receive railway employees, to urge congress been urged by my predecessor and will Proper Forms of Expenditure. nations tliat it never hud before nnd restrictions. from tlielr white neighbors of the to require its ndi.plion by interstate be urged by me. On the other hand, The putting into force of laws which should be. constantly exerted to secur Lock Canal Plan Defended. south. There was a time when north railways. the administration Is pledged to legis shall secure the conservation of our ing to its bona flile citizens, whether The Panama cnnal will have a most erners who sympathized with the ne lation looking to a proper federal su resources so far as they may be with native or naturalized, respect for them Use of Injunctions Necessary. Important bearing upon the trade be gro in his necessary struggle for bet pervision and restriction to prevent ex in the Another labor question has arlaen risdiction of the federal gov as such ill foreign countries. We tween tlie eastern and the fur west ter conditions sought to give to him which has awakened the most excited cessive Issues of bonds and stocks by ernment, including the most important should make every effort to prevent companies owning and operating inter work of saving nnd restoring our for humiliating anil degrading prohibition ern sections of our country nnd will tlie suffrage as a protection nnd to en dismission. That Is In respect to the greatly Increase the facilities for force its exercise against the prevail state commerce railroads. power of file federal courts to issue ests, nnd the great Improvement of wa against nny of our citizens wishing Then, too, a reorganization of the de terways are nil proper government temporarily to sojourn in foreign coun transportation between tlie eastern ing sentiment of the south. The move injunctions In industrial disputes. As nnd the western seaboard and may ment proved to be a failure. What re part ment of justice, of the bureau of functions which must involve large tries because of race or religion. to tliat, my convictions are fixed. Take ixisslbly revolutionize the transconti mains Is tho fifteenth amendment to corporations In the department of com expenditure if properly performed. away from court ', if It could be taken nental rates with respect to bulky mer The Japanese Question, the constitution nnd the right to have away, the power to issue Injunctions merce nnd labor and of the Interstate While some of them, like the reclama The admission of Asiatic immigrants chandise. It will also have n most statutes of states specifying quallfica in labor disputes, and it wonlil create commerce commission looking to effec tion of arid lands, are made to pay tive co-operation of these agencies is for themselves, others are of such an who cannot be amalgamated with our bénéficiai effect to Increase tlie trade tlons for electors subjected to the tost a privileged <'hi: i among the laborers needed to secure a more rapid and cer Indirect benefit that this cannot be ex population hits been made the subject between the eastern seaboard of the of compliance with that amendment. and save the lawless among their num tain enforcement of the laws affect pected of them. A permanent ini- either of prohibitory clauses In our United States and the western coast This is a great protection to the negro. ber from a iin> t needful remedy avail ing interstate railroads and Industrial provement, like the l’mimna canal, treaties nnd statutes or of strict ad of South America nnd indeed with It never will be repealed, and It never able to all men for the protection of ministrative regulation secured by dip some of the Important ports of the ought to be repeal <1. If It had not their Inislne ■ coin it lawless invasion. combinations. should ire treated as a distinct enter- I hope to be able to submit at the prise and should be paid for by the lomatic negotiations. 1 sincerely hope east coast of South America reached been passed It might be difficult now Tlie propi'll lop that business Is not n first regular session of the Incoming proceeds of bonds, the issue of which that we may continue to minimize the by rail from the west coast. The to adopt it, but with It in our funda properly or p unlary ri lit which can congress in December next definite will distribute its cost between tlie evils likely to arise from such Immi work on the canal is making most sat mental law the policy of southern leg- be protected by equitable injunction is suggestions in respect to the needed present and future generations in ac gration without unnecessary friction isfactory progress. The type of the lslntlon must mid will tend to obey It, ut : rl.v without foundation in prece amendments to the anti-trust and the cordance with the benefits derived. It and by mutual concessions between canal as a lock canal was fixed by nnd so long ns the statutes of the dent or reason. Tlie proposition |i interstate commerce law and the may well be submitted to the serious self respecting governments. Mean congress after a full consideration of Htntes meet the test of this a mend usually Unhid with one to make the changes required In the executive de consideration oÇ congress whether the time we must take every precaution to the conflicting reports of the majority ment mid ¡ire not otherwise in con- secondary boycott lawful. Such a partments concerned In their enforce deepening and control of the channel prevent or, falling thnt, to punish out and minority of the consulting board filet with the constitution anil laws of pr position It nt variance with the nnd after the recommendation of the the United States It Is not the disposi- An'ori an Instinct nnd will find no bursts of race feeling nmong our peo ment. of a great river system like that of the ple against foreigners of whatever na war department and the executive tlon or within tho province of the fed support. In ri , Jud nient, when submit “Good and Bad Trusts.” Ohio or of tlie Mississippi when defi upon those reports. Recent suggestion oral government to interfere with the ted to the Amorlcan people. The sec- It is believed that with the changes nite and practical plans for the enter tionality who have by our grant n to be recommended American busi prise have been approved and deter trenty right to pursue lawful business that something had occurred on the regulation by southern states of their ondary boycott Is an instrument of Isthmus to make tlie lock type of the domestic affairs. tyt i d ought not to be made ness can be assured of that measure of mined upon should not lie provided for here nnd to be protected against law cannl less feasible than it was sup less assault or Injury. “Negro Is Now Amorloan.” legitimate. stability and certainty In respect to in the same way. This leads me to point out a serious posed to tie wlien tlie reports were There Is In tho south a stronger fool Th“ -dt ■■ i f a temporary restraln- those things that may be done and Then. too. there are expenditures of made and tlie policy determined on ing than ever among the Intelligent, In " < ■11- r v I • ’ i ;. noth e h 's In several those that are prohibited, which Is government absolutely necessary If our defect In the present federal Jurisdic led to a visit to tlie Isthmus of a well to do nnd influential element In In lani’ : I nbu <1 by Its Incon essential ta the life and growth of country is to maintain its proper place tion which ought to lie remedied at board of competent engineers to exam favor of tho industrial education of siderate ex •ci •. and to remedy this all business. Such a plan must include among the nations of the world and Is once. Having assured to other coun ine the Gntun dam and locks which tho negro mid the encouragement of the platform U's .' which I was elect- the right of the people to avail them to exercise its proper influence in de tries by treaty the protection of our are tlie key of the lock type. The re the race to make themselves useful d ri■ <1 . t1 ■ formulation In a selves of those methods of combining fense of its own trade Interests in the laws for such cf their subjects or citi port of that board shows thnt nothing members of the community. to' de f »li 'tnlitl 'iis a d r which The capital and effort deemed necessary to maintenance of traditional American zens ns we permit to come within our lins occurred in the nature of newly mb ii 'ry re-training order progress will' ll the negro lias made In reach the highest degree of e< onomlc policy against the colonization of Eu Jurisdiction, we now leave to a state revealed evidence which should change ught to A I.Hute enn anil the last fifty years from slavery, when efficiency, nt the same time differenti ropean monarchies in this hemisphere or a city not under the control of the the views once formed in the original Its statistics arc reviewed, Is marvel light to l.o fraim d to embody the best ating between combinations based and in the promotion of [>eaee and in federal government the duty of per discussion. The construction will go otis, mid It furnishes every reason to n< p: ■ e rd ' an I ring the sub- ujion legitimate economic reasons and ternational morality. I refer to the forming our international obligations on under a most effective organization < I p> th ■ attemlon of the those formed with the intent of creat cost of maintaining n proper army, a in this respect. By proper legislation controlled by Colonel Goethals and his hope that In the next twenty-five years ect i o . • irt :ri t I d e id a i of the process n still greater Improvement In Ills con ing monopolies nnd artificially control proper navy and suitable fortifications wo mny nnd ought to place in the hands of the federal executive the fellow army engineers associated with mill.el In I'c fut it . Aiirlcan pco- ling prices. npon the mainland of the United menus of enforcing the treaty rights of him and will certainly lie completed dltlon as a pr ductlve member of so ■h . If I nt dei dml them. Insist that ciety, "ti th,' farm and In the shop mid The work of formulating into prac States and in Its dependencies. su< h aliens in the courts of the federal early In the next administration, if not In other occupations, may come. The • courts shall Im tical shape such changes is crentlve The Army and Navy. government. It puts our government before. o| nosed to nny negroes nre now Americans Tbelr work of the highest order and requires Some type of canal must bo con ancestors camo here years ago against We should have nn army so organ In a pusillanimous position to make tiro by which th<‘ all the deliberation possible In the In structed. The lock type has been se tlielr will, mid this Is tlielr only coun civ be weakened terval. I believe that the amendments ized and so officered as to be capable definite engagements to protect aliens lected. We are all In favor of having try and tlielr only ling. They luive f?i! In time of emergency in co-operation and then to excuse the failure to per 11 I effective adniln- to be1 promised ate Just c.s necessary in We It built ns promptly as possible, • hid rfered with, the protection of legitimate business as with the national militia and under form those engagements by an expla must not now, therefore keep up n Are shown themselves anxious to live for the provisions of a proper national nation thnt the duty to keep them is In nd the questions It mid to die for It. Encountering the in the clinching of the reforms which volunteer law rapidly to expand Into states or cities not wljhfn our control. In tlie rear of the agents whom we ra"' fdlng "'“il'i't them ailijecbd : my ¡idminlstrn- properly bear the name of my prede- a force sufficient to resist nil probable If we would promise, we must put have authorized to do < ’.v w rk on at to.i r< c i d in a sti-n- ■1 hr. io cruel Injustice growing out cesser. invasion from abroad nnd to furnish n ourselves In .a p< Ition to | "form our the Isthmus. We must hold up their of It, they mny well have our profound m w 1 Ich I expect Revision of the Tariff. respo table expeditionary force. If nec- promise. We cannot permit the posai- hands, and, speaking for the Incoming sympathy arid aid In the struggle they cor n datlons to con- A matter of most pressing ito por- <" iry. In the maintenance of our tra b! • failure of justf e due to local preju administration, I wish to say that I arc making. We are charged with the . ¡y i ond a nn exect»- tance is the revision of the tariff, In ditional American policy which bears dl e lu any state or municipal govern propose to devote all tlie energy possi sacred duty of making tbelr path ns f f u vn’i ■ tl - i >„ i ifi. rate syn> accordance with the promises of the ment to expose us to the risk of n war ble und under my control to the push smooth and easy ns we can. Any the name of President Monroe. ind su port of my fellow cltt- platform upon which I was elected. I Our fortifications are yet In a state which might lie avoided If federal ing of this work on the plans which recognition of tlielr distinguished mi n. f ' 1ml rbty God It» d the shall call congress into extra session. d by auita ila hat e beeu adopted and to stand liebiud any appointment to office from umong tlie discharge of my responsible duties. of onij- partial completeness, and the Jurisdiction was a? Outlines Policy of Speech Begins With Advocacy of Predecessor’s Reforms. MANY QUESTIONS TOUCHED. Incoming President’s Ideas on Trusts and Other Matters. 1