Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

PRESIDENT TAFTS INAUGURAL SPEECH l'rji: tv lloost'vclt I ltd Promises t'O CttlTJ Out Ills Policies Negro ('ucstlou. My IV..ow Citizens Any one who tokos the eaih i have just taken must feel a heavy weight of re-?,>. nslbillty. if not, lu' has no conceptlun of the powers ami duties of the otli< <? upon which he is about to enter or he is lacking in a proper sense of the obliga tion which the oath Imposes. The office of an inaugural address is to give a summary outline of the main policies of the new administration so far as they can he anticipated. 1 have had the honor to be one of the ad visers of my distinguished predecessor and as such to hohl up his hands 111 the reforms he has Initiated. 1 should WILLIAM HOWARD TAFT. lie untrue i" myself, l? my promises llhd Ii' tl:" declarations i l' ihn party platform lipon which 1 iva?i Herl cd in office if I (IUI hol inSko Ute msiintc nance und enforcement <<f those forms a niosl Importtiti( feature t?f my Administration, Tlicy wore directed to llio suppression "f the lawlessness find a Im hon of power nf die great comldna* 1 loftH of capital Invested in railroads und in Industrial enterprises carry lug oll IlllCl'StlllC eoinlller<c. The pS which my prodci cssor look and Um legislation passed on his rocommondii lion have accomplished much, have caused a general had in iho \ i<-;<?ns policies tvhlcli croh I cd popular nlarm and have hroilghl lllioill in the luisl ness nffecied ii iliucli higher regard for exIstlng li w. Fic-tS*"- .K-'.'mn Needed. To ?ei.dw ike reforms lasting, how i?vcr, and to secure ill the snnte ilmo freedom front nlarm on the put of those pursuing proper and progressive huslness met hods further legislative and CXeCllllVd action are needed. I.V J|ef of IhO railroads from certain rc StrlctlollS of IllC ailthUruSI Jaw have boon urged by my predecessor and will be urged by me. <?n Ihe otber band, the administration is pledged t>> legis lation look lug to a proper federal su pervision ami restriction o> prevent ex cessive issues <>f bonds and slocks by companies owning ami operating inter state commerce railroads. Then, i"". a reorganization of (be do partmeut <?:' Just lee, of the bureau <>f cc?n iratious ia the department of com merce and labor mid of (be Interstate commerce commission looking t<> offoe live co-oiierat'o'.) of (hose agencies Is .leti to *eenre a more rapid and cer tain enforcement of the laws affect ing Interstate railroads and industrial combinations. l hope to ix- able t<> submit at the Urs! regular session o? the Incoming congress in December next definite suggestions in respect t<> Ibc needed amendments (o the anti trust and (he interstate commerce law and the changes required in the executive de partments concerned in their enforce ment. "Good and Bad Trusts." it is believed that with the changes to be recommended American bust iii-ss < jiii be tisstiri it of llinl measure of stability und ?'ci'tii!nty In respeet to those Illings llinl inuy bo ?loue and these llllll Hr<! prohibited. U'llU'll is essential to Mio lite and grout Ii of all bovines-. Such a |dilti must Include 'in- right of (ho people in avail ilietiv fclvcs of those methods or ?0mbiulug capital ami effort deemed necessary to roiioli the highest degree of economic nfllclctlcy, tit tin- snme liau- different i adlig between COlllhl III! t h?ls based upon legitimate economic reasons ami those formed with the Intent of crent lug monopolies und nfllftclally control' ling prices. The work of formulating Into prne tlcal ?hupe Rticli changes is crentlve work of tb< lilghcsl order and requires all ih" deliberation possible III Ilia ln terv: ;. I believe th.it the amendments to be proposed nre ju^t us nooessnry In the protection of legitimate business ns in the clinching of ilie reforms which jif< per'y bear the name of my prede* eessor. Ftdvioion of the Tariff. A matter of most pressing Impor tai.ee Is tie- nvisio.i of the tariff. In accordance wl h the promises of the pint form "upon " !:!;;. I wits elected, I shall call congress into extra session, to meet on the l?tli day of March, in order thiit consideration may bo at OUce given to a Mil revising the Ping ley net, This should secure an tide* quato revenue and adjust the duties in stndi a manner as t<> afford t-> labor and to nil industries in this country, whether of the .'arm. mine or factory, protection by tariff equal to the differ ence between the cost of production abroad and the cost of product ion here and have a provision which shall put into force, upon executive determina tion of certain facts, n higher or maxi mum tariff against those countries whose trade policy toward us equitably requires stich discrimination, it is thought that there lias been such a <hangc in conditions since the enact ment of the Dingley net, drafted on a similarly protective principle, that the measure of the tariff above stated will permit the reduction of rates in certain schedules and wilt require the ad vancement of few. If any. The proposal to revise the tariff made In such an authoritative way as to lead the business community to count upon it necessarily halts all those branches of business direct ly liffeeled, and as these are unosl I in porlttnl it disturbs the whole business of (ho country, it is I inherit lively nec essary, therefore, that a tariff hill he drawn in good faith hi accordance with promises made ho fore the elec tion hy the party In power and as promptly passed as due consideration will permit. Inheritance Tax Advocated. In the making of a tariff hit) the prime motive Is taxation and 1 he si curing thereby of a revenue. I":'1 largely to (ho business depression which followed the financial panic of 11)07, the revenue from customs and other sources has do, 1'oasod to such IUI extent (lldl the e.\ pel id i 11I res for the current fiscal year will exceed the receipts by SloO.OnO.?flO, It Is Impera tive (hilt Btleh a dellell shall hot con tinue, jitin the frainei's of the tari.f hill must of course have In mind the total revenues likely to lie produced by it and so nrr;illgC (lie (letd'S as to se cure an adequate income. Should It hfl Impossible to do ao by import duties new kinds of taxation must be ndopt ^ ^ $ s? Just Arrived, Our New Line of ,-.?,...^4* SR V 11 ' -*V /ft 4s -T i t-r Consisting- of a beautiful line f*e Mattiiv<te in different designs and colors, made of the best quality of , material. On account of buy- & ing in large quanities we get it ^ at prices that enables us to sell you the best quality for what you would have to pay for a cheaper quality at our lii^^^^^fe other p|at;es-^See P M ? ?fMM/ ?ine before you buy. *t *t?& ~ ~ ^S Choice Oxfords $ There's ;i p-rent vavietvof ( ixf< V< ?nr 1\ t-t, (icntle Are they supplied jh * >x fords for the mine; season. We Want t?? call ur attentioti loour inj? of hand ni w ( fx fords, Iiis Spfinp-, Uittloii styles, straight lace effects, or Uluchers; Ties and the new Colonial r styles. Brijrht, black leathers or the correcs Tans. We've niany things t-> show ? fords. All sixes and widths in all th< mau\ variations. Our Oxfords Fit. No slipping .it the heel or gaping .it the side objections about our < Ixfortls win* wants something particularly good in ( Ixford, at ;i reasonable low pric here. Long price range. $3, $3.50, $4, $5, up to $6. Copeland The One Price Store Customers Shoes Shinecl Free. M M MO \ S VOH KU.III. Slnfo of South Carolina. County of Lnurcus, Court (if ' 'oinmoii Pl?n?. 10. \V. Martin. Plaintiff. Against l.ouls? \iil< & N'nshVillo. Uollroiul Compa ii it To lite (lofonnlitni above nntnod: Vt i rirn hereby summoned and re ritt Ii (I to answer the t'itni plOliil in the above -'; ;<il actfon, which was (tied In the otlh. 'I." dork of too court of common |ijcas tor (ho county oj l,hurehs, id tin State of South Ca ? >? Una. en (lio ?'? dn.v of i'obi'uhr.w Ij*u**. ami to .? ?)?'? ? :. copy of your answer to the -ail Complaint on the subscriber, F. I*. Mcflowah, at Iii. o lice at Lau* im!, Sou11 t itrolltla, within Iwehtji i ? fail to nnsWer tin- sold Complaint within time aforesaid, c><. Plaintiff in this action will apply to ihn court for the r-ii'* hdefl in the Complaint. I 'ate : latiuCris, S, t'.. ?; (lav of l-'eb., IflOU. \\ p. MeClOWAX, tsKAin Plaintiff's Attorn* > JOHN !' HOLT, c. c. c. r. :.. c. s. c. ;;i-ot Now U*S Ham and Eggfs Not any kind of egfltS^bul fftsh ' fi ;?? h fp m the nest. That's our kind. And you w.u ; ham (hat's tender, juicy, sweet - Armourss il?iari* Haiti. We seil them?arid,too,the} are I '.S. Govf. In* ?eted. .lust received n large !<>t of Hams, while this lot last o ilv 14cts. ner lb.