The Bridgeport evening farmer., 1912-08-17
FINANCIER SCHlFF
 OUT FOR WILSON
SAYS HE IS TRUSTED BY THE PEOPLE AND ABLY TRAINED TO AVERT PERILS THAT
 THREATEN.
TAFT'S INFLUENCE lMPOTENT
MT. Schiff Believes the Most Serious Cause of Discomfort is the High
 Protective Tariff.

New York, Aug. 17-Jacob H. Schiff has declared himself in favor of the election of Woodrow Wilson to the Presidency, giving his reasons in the following statement:
 President Taft's attractive person. ality, his affability, genial demeanor and, above all, his innate desire to do right, should not make it difficult for one who, like me, NAs been affiliated with the Republican party for four decades, to again support it's candi- date in the coming Presidential elec- ton.
 Unfortunately, however, a situation has been created, to great extent during President Tafts administra- tion, which is most unsatisfactory and which, as I conceive it, makes it de- ministrative methods and policies be inaugurated.
 President. Taft, four years ago en- tered the White House with the hearty good will of almost all classes of our people, but also with their firm expectation that he would succeed in eradicating, in part at least, some of the serious, constantly growing diff ferences, which had gradually arisen between class and class, and which are tending to force the country into a latent social crisis.
 Capital And Labor at Odds.
 Capital. it is claimed, receives too large and disproportionate a share Of the profit of production ;labor, always more Or less restive, is, it is likewise claimed in turn endeavoring to force capital to the wall, and, in conse- quence, relations between capital and labor have gradually become more and more strained, while the consumer has grown dissatisfied, because of the con stant advance in the price of commod- ities and in the cost of living. A gen eral unrest and discontent has devel- oped, part of which, at least, it should have been possible to allay through wise administrative methods and poli- cies in dealing with some of the causes at the bottom of this discontent, the most serious Of which is, without doubt, the continued maintenance of a high protective tariff.
 ''It is evident, that in this situation, which goes to the very root of the prosperity and happiness of the peo- pie. if not to the existence of our in- stitutions, the head of the Nation possible, the full confidence of all classes in his ability to lead alright. Without such, born from wise and firm leadership, misunderstandings are bound to multiply, mutual distrust to grow, and while under our free ballot and system Of Government an actual social revolution should not be among the possibilities, the danger of uncomfortable passions resulting in out bursts of destructive fury is even in this country not always avoidable.
 Taft's Efforts Ineffective.
 That President Taft has not only not succeeded in improving this sit uation, but that during his adninis- tration it has decidedly grown worse, T-. of important questions and measures destined to deal with economic and social conditions, his influence has either not been exerted in the right direction or has been inpotent. nor can it be said that his administration has in general been of a constructive character. We are devoting ourselves more and more to a policy of destruc- tion when we need prudent scientific social reconstruction somewhat on the line of Germany'S social legislation, and which has made it's masses con tented and has helped to conquer for its industries the markets of the world. z
 Under these circumstances it Is best that change should come. The lines of demarkation which divide the two great parties, are, as concerns many of the pending issues, no longer so deep, that even lifelong adherents
 
 to support the nominee of the other, particularly, if in their opinion, the graver danger. which now confronts the country can thereby be averted.
 Gov. Wilson's Qualifications.
 Gov. Wilson, if elected, will enter upon his high duties relatively free from partisan pledges, will bring into the Presidential office a mind ably trained in economics and sociology, C. IT,. le~ country at the present, in many re- spects critical juncture, and he will, moreover, go into the White House, as near as this is possible with the confidence of all classes and sections of the country in his ability to better existing conditions. More than at almost any time before, the personal makeup and qualifications of the can didate rather than party, is likely to determine the result of the coming Presidential election.
 Because of my firm expectation that Woodrow Wilson will develop a better and more thorough understand ing of the present needs of the coun- try, than, in my opinion, President Taft has shown during the past four years. shall support his election. Actual industrial peace may be 8 chimera, but it is certainly high time that through prudent and just ad- ministrative policies and measures, both labor and capital be brought to a better understanding of their re- spective rights and duties; that the senseleSs prejudice against everything representing the material and sub- stantial interests of the country be ended, lest we shall suffer lasting and irreparable damage; for mutual under standing and material prosperity are after all the prime factors that deter mine the happiness of people"