New-York tribune., 1912-01-25
WILSON PREDICTS CHANGE
Governor Discusses "Big BusI-
ness" at Dinner in Newark.
AL0RICH BACKS HIM W
Politics Avoided in Speech Plead
ing for Cultivation of the
Spirit of the Law.

lHS lCl SultlFdJiOu Va WV
Spirit of the Law.
Asserting that business conditions in inns
country were undergoing reconstruction'
Governor Woodrow Wilson urged six nun
dred members of the Newark Board OF
Trade at their dinner in that city last hlsht'I
TO see things they were and to looN
ahead far enough to be ready for tne
change which he said. was surely COMING
81 suppose every business man." said the
Governor feels a certain uneasiness. as II
he were on the eve OF an economic change
I'm the life Of the nation. ] have fouhd
that when talked with big business men
there was a feeling OF apprehension lt Is
tho duty Of business men to see things as
they arc.
Business is uneasy because everybody
thinks il is on an unsound basis. There is
universal suspicion. Business cannot thrive
on criticism neither can it exist on sus-
picion. The FIRST business OF business men
is to safeguard the business of the country,
to see things as they are"
"Is the business OF the country what It
should be?" he asked. do YOU not find
many candid business men who say that
to listen to Senator Adrich, because you
believe that the currency system of the
country is not what it should be. This
country suffers from crises from which no
other enlightened country suffers, because
Of our unscentlfc currency system. You
must use foresight. Any man can SEQ that
the commerce Of the country is changing.
that instead Of being the granaries Of the
world We are rapidly becoming the manu-
facturers Of the world. We have not
studied our foreign markets. Long ago by
series OF ingenious legislation we have
throttled our merchant marine. We have
got TO build up q merchant marine and con-
slider our relations with the world"
Canal Means Readiustn,ent.
The Governor discussed conditions he
said would follow the opening of the Pa
mama Canal.
New York will not then be tho centre Of
commercial activity" he said. 1T will
bring ABOUT readjustment OF business
conditions from one end OF the nation to
the other. Are you ready for lt?'
lie said il was not right for business men
to sit back and crticlse public men when
they tried TO ind things as they were.
That's what you have done so far lie
said. You've got C use your own brains.
You've got to seek these adjustments and
rot sit and wait for them. or let men yoL
call politicians. whor, you call dsturbers
OF the peace, make them for you. IT'S up 10
you TO offer counsel. You've got 10 cult-
vate the spirit of the law; you've got to
get IN touch with the laws and statutea OF
the country. You waste a lot Of money
paying lawyers t. tell you how to violate
the law Why not learn how 10 obey il?
business is going TO suffer until you
realize that tho spirit of business N the
twentieth century Is spirit OF sltruism
and not OF selnshness"
Adrich Agrees with Wilson.
Former Senator Al1r!ch followed Gov
clnor Wilson. saying I'm part.
Il find myself in entire sympathy with
the appeal which Governor Wilson has
made to the business men OF the country.
All Of tho great problems which now con-
front the American people are economic
problems. which should be understood and
discussed and acted upon by all the busi-
moss men of the country. They are not
Ioltical questions. They arr brsireSS
questions. which must be settled upon
business basis and they may never be
settled upon a business basis unlsss these
men as contradistinguished, If you please
from politicians. shall become active and
influential In their proper settlement.
Curtis II. Burnett was toastmastcr, and
before nc introduced the Governor he was
loudly cheered when he said that posi-
bic President was at the guest table. The
cheers we're stlll louder when he said there
was also a possible Vice e-Presidcnt (Murphy)
among the guests
Ex-senator Adrich spoke on Currency
Reform" Representative Henry T. Rain"y
discussed Industrial peace. Representative
Claude Kitchen spoke TO the toast other
SUGGESTIONS" and Representative Walter
/. Mccoy spoke on Legislation"
Mr.. Aldrich said lac was almost ashamed
20 say that the United states, OF all the
great nations. had failed 20 adopt an
up-to.datc financial system. The fault. he
said. lay with our credit system, rather
than with the currency system, and the
effort of the commission would he to re
establish the credit system Of the country
on broad and scientific basis lie saPi
tho commission proposed to establish Amer
lean banks I'm foreign countries.
Denouncos Commission Plan.
Represcntatiyc Kitchin OF North Caro-
lima the last speaker, after expressing rc-
great that ex-senator Aldrich had been
Obliged To leave the meeting after his ad-
dress, made q bitter attack on the entire
Monetary Commission plan. The speaker
said he was surprised AT the way the Board
Of Trade men had applaudcd the assertion
Of Mr. Aldrich that the main idea OF
the commission was to extend moro liberal
credit tn business mon. IT was the too lib
cral extension Of such credit MI kitchin
maintained that caused the panic OF 1907.
In taking I'D the report OF the commits
sion Mr.. Kitchin singled out the provision
for the concentration of power I'm the
hands Of forty-six men who were to be
directors Of tho National Reserve Asso-
citation. lie declared that the granting
Of such power to any body of men would
be an alarming move. The speaker also
called attention to the proposed executive
committee OF nine men as another dan
gorods feature Of the plan.
# was contemplated. the speaker said,
that only bankers were to he named as
directors Why" he asked, were indus
trial and business men eXcluded?' Mr..
Kitchin then pointed out that the Presi-
dent was empowered to name governor
of the board of directors. but that his
choice was restricted TO one OF three men
recommended by twelve directors. The
speaker intimated that Wall street would
eventually make the appointment
Congressman Kitchin also attacked Al
lot