PAGE. River and harbor improvements. 356 Roosevelt, President, letter on necessity of election of Republican 281 Roosevelt, telling why Mr. Taft would make a great President; letter 28a Savings banks in United States, deposits and depositors, 1820-1907... 90 60 Sheep, prices and total value of in United States under five tariffs. Silver trust contributions to Bryan's campaign fund in 1896. 276 Sixtieth Congress, naval expenditures authorized by. 363 Sixtieth Congress, review of work of first session of. Standard Oil-Democratic plan, of trust regulation. Steel rails, production and prices of, 1860, 1870, and 1908. 117 196 Sugar, beet, production of in United States... 194 Sugar from Hawaii, Porto Rico, and, Philippines entering United S.at s 198 198 Sugar production, imports, exports, and consumption of United States, with prices at New York, and world production. 199 Sugar production in United States, growth of.. 199 Sugar production in U. S. since annexation of Hawaii and Porto Rico. 195 295 Surplus or deficit under each Administration, Washington to Roosevelt 154 Taft, Hon. W. H., speech of accepting nomination. 1 Taft, letter of President Roosevelt supporting the candidacy of Wm. Tariff of France, an example of maximum and minimum. Trade under McKinley, Wilson, and Dingley tariffs. Treasury, Secretary of, on money panic of 1907. Trusts, control of.. Trust ratio, Bryan's. Trusts in free-trade England. Trusts not a product of protection. 487 398 60 332 439 31 292 108 108 Value of farm animals in United States, 1890-1908. 207 Vote, by States, for President, 1864 to 1904. ... 526 Votes, Republican and Democratic, in close States, 1880 to 1906. 527 Wages, capital, and products of principal manufacturing industries, 173 War Department, review of its work under Presidents McKinley and 344 Wool, production, imports, and consumption of United States. SPEECH OF HON. WILLIAM HOWARD TAFT. At Cincinnati, O., July 28, 1908, Accepting the Republican Nomination for the Office of President of the United States. Senator Warner and Gentlemen of the Committee: I am deeply sensible of the honor which the Republican National Convention has conferred on me in the nomination which you formally tender. I accept it with full appreciation of the responsibility it imposes. Republican Strength in Maintenance of Roosevelt Policies. Gentlemen, the strength of the Republican cause in the campaign at hand is in the fact that we represent the policies essential to the reform of known abuses, to the continuance of liberty and true prosperity, and that we are determined, as our platform unequivocally declares, to maintain them and carry them on. For more than ten years this country passed through an epoch of material development far beyond any that ever occurred in the world before. In its course certain evils crept in. Some prominent and influential members of the community, spurred by financial success and in their hurry for greater wealth, became unmindful of the common rules of business honesty and fidelity and of the limitations imposed by law upon their actions. This became known. The revelations of the breaches of trust, the disclosures as to rebates and discriminations by railways, the accumulating evidence of the violation of the anti-trust law by a number of corporations, the overissue of stocks and bonds on interstate railways for the unlawful enriching of directors and for the purpose of concentrating control of railways in one management, all quickened the conscience of the people, and brought on a moral awakening among them that boded well for the future of the country. What Roosevelt Has Done. The man who formulated the expression of the popular conscience and who led the movement for practical reform was Theodore Roosevelt. He laid down the doctrine that the rich violator of the law should be as amenable to restraint and punishment as the offender without wealth and without influence, and he proceeded by recommending legislation and directing executive action to make that principle good in actual performance. He secured the passage of the so-called rate bill, designed more effectively to restrain excessive and fix reasonable rates, and to punish secret rebates and discriminations which had been general in the practice of the railroads, and which had done much to enable unlawful trusts to drive out of business their competitors. It secured much closer supervision of railway transactions and brought within the operation of the same statute express companies, sleeping car companies, fast freight and refrigerator lines, terminal railroads and pipe lines, and, in order to avoid undue discrimination, forbade in future the combination of the transportation and shipping business under one control. President Roosevelt directed suits to be brought and prosecu tions to be instituted under the anti-trust law to enforce its provisions against, the most powerful of the industrial corporations. He pressed to passage the pure food law and the meat inspection law in the interest of the health of the public, clean business methods and great ultimate benefit to the trades themselves. He recommended the passage of a law, which the Republican convention has since specifically approved, restricting the future, issue of stocks and bonds by interstate railways to such as may be authorized by Federal authority. He demonstrated to the people by what he said, by what he recommended to Congress, and by what he did the sincerity of his efforts to command respect for the law, to secure equality of all before the law, and to save the country from the dangers of a plutocratic government, toward which we were fast tending. In this work Mr. Roosevelt has had the support and sympathy of the Republican party, and its chief hope of success in the present controversy must rest on the confidence which the people of the country have in the sincerity of the party's declaration in its platform that it intends to continue his policies. Necessary to Devise Some Means of Permanently Securing Progress Made. Mr. Roosevelt has set high the standard of business morality and obedience to law. The railroad rate bill was more useful possibly in the immediate moral effect of its passage than even in the legal effect of its very useful provisions. From its enactment dates the voluntary abandonment of the practice of rebates and discriminations by the railroads and the return by their ' managers to obedience to law in the fixing of tariffs. The pure food and meat inspection laws and the prosecutions directed by the President under the anti-trust law have had a similar moral effect in the general business community and have made it now the common practice for the great industrial corporations to consult the law with a view to keeping within its provisions. It has also had the effect of protecting and encouraging smaller competitive companies so that they have been enabled to do a profitable business. But we should be blind to the ordinary working of human na |