William Taft actually said...
It is no mere exaggeration of speech or flattery, therefore, for me to point out that this Chamber of Commerce, by the ideals which it may maintain in the matter of business integrity and scrupulous business methods and in maintenance of law in the conduct of corporations, has great power and corresponding responsibility.
Context
Remarks at the Banquet of the Boston Chamber of Commerce in Boston, Massachusetts
09/13/1909