It must be enforced, unless we are to banish individualism from all business and reduce it to one common system of regulation or control of prices like that which now prevails with respect to public utilities, and which when applied to all business would be a long step toward State socialism.
Taft warns against excessive regulation that could lead to a loss of individualism in business.
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There is no doubt but that a commission could be appointed of such unprejudiced and impartial persons, experts in investigation of economic facts, that a great deal of very valuable light could be shed upon the reasons for the high prices…
I think it to be greatly in the interest of fair dealing, which ought always to be encouraged by law.
I earnestly recommend the establishment of a Bureau of National Parks.
I can not close this message without inviting the attention of Congress again to the necessity for the erection of a building to contain the public archives.
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