.

The existence of immense aggregations of kindred enterprises and
combinations of business interests formed for the purpose of limiting
production and fixing prices is inconsistent with the fair field which
ought to be open to every independent activity. Legitimate strife in
business should not be superseded by an enforced concession to the
demands of combinations that have the power to destroy, nor should the
people to be served lose the benefit of cheapness which usually results
from wholesome competition. These aggregations and combinations
frequently constitute conspiracies against the interests of the people,
and in all their phases they are unnatural and opposed to our American
sense of fairness. To the extent that they can be reached and restrained
by Federal power the General Government should relieve our citizens from
their interference and exactions.

Loyalty to the principles upon which our Government rests positively
demands that the equality before the law which it guarantees to every
citizen should be justly and in good faith conceded in all parts of the
land. The enjoyment of this right follows the badge of citizenship
wherever found, and, unimpaired by race or color, it appeals for
recognition to American manliness and fairness.

Our relations with the Indians located within our border impose upon us
responsibilities we can not escape. Humanity and consistency require us
to treat them with forbearance and in our dealings with them to honestly
and considerately regard their rights and interests. Every effort should
be made to lead them, through the paths of civilization and education,
to self-supporting and independent citizenship. In the meantime, as the
nation's wards, they should be promptly defended against the cupidity of
designing men and shielded from every influence or temptation that
retards their advancement.

The people of the United States have decreed that on this day the
control of their Government in its legislative and executive branches
shall be given to a political party pledged in the most positive terms
to the accomplishment of tariff reform. They have thus determined in
favor of a more just and equitable system of Federal taxation. The
agents they have chosen to carry out their purposes are bound by their
promises not less than by the command of their masters to devote
themselves unremittingly to this service.

While there should be no surrender of principle, our task must be