El Paso herald. (El Paso, Tex.) 1901-1931, 1913-02-18
BIC BUSINESS IS
SCORED BY WILSON
PreSident-elect Assumes Re
sponsibility For Book that
Outlines His Policy.

New York, Feb. 1S-A scathing ar
raignment Of Big Business" is con
I tanned in president-elect Wilson'S pre-in
/ auguratiOn book The New Freedom, 20
| which made its appearance for the first
time upon the news stands here today.
I President-elect Wilson not only re-
| iterates his attacks upon the trusts of
] the United States. but sounds a new
warning to the great financial interests
Z OF the country. The work is consider
/ ed one OF the most remarkable ever
put in the field both by reason Of the
A bitterness of its arrangement Of the
present financial system and by reason
/ Of its pre-inauguration exploitation of
future presidential policy no other
! chief executive of the United States
since the Declaration Of Independence
having duplicated the feat of Mr.. VIII
son.
The president-elect not only attacks
! the trusts and monopOlies of the
country, but makes it clear that he VIII
do all in his power to legitimately re-
store trade competition and individual
opportunity and 10 disentangle com
nunity Capitalization, which he says,
has become dangerously cOOrdinated.
Arraisns Roosevelt.
Mr.. Wilson arraigns eE-president
Roosevelt and his program of benevO-
lent monopoly; strongly advocates an
advance policy of the initiativel refer
the recall Of the judiciary charges the
existence of a money trust, and eX-
pounds at length his political philOs-
Ophy.
The president-elect explains that
he is not the actual author of the book,
but that it is a collection of the more
suggestive portions of his campaign
speeches put together by Willard Bay
ard Hale with such Interpolation as
would render the work an actual ex-
position Of Mr.. Wilson's views. The
book is signed by Mr. Wilson.
Mr.. Wilson in his preface says:
This book is an attempt to express
the new spirit Of our politics and to set
forth in large terms, which may stick
in the Imagination what it is that must
be done, If we are to restore our poll
tics to their spiritual vigOr again ana
our national life, whether in trade, in
industry or what concerns US only as
families and individuals, to its purity,
its self respect and its Christian
strength and freedom.
In writing upon the subject, $.MonOp-
oily or Opportunity" Mr. Wilson. says
I admit the popularity of the theory
that the trusts have come about through
the natural development Of business
conditions in the United States and that
it is a mistake TO try to oppose the
processes by which they have been built
7 answer nevertheless. that this at
tltude rests upon a confusion of
thoughts. Big Business is no doubt
to large extent necessary and nat
Ural The development Of business up
on a large scale upon a great scale
of cooperation, is ineVita Bile and let
me add, is most probable. But that il
is very different matter from the
growth Of trusts. because trusts have
not grown; they have been artifically
Private MonOpoIies IndefensfbIe.
For my part want the pigmy
Qittle business) to have a chance and
1 forsee the time when the pigmies
viii be so much more athletic than the
giants that it viii be a case of Jack
the-Giant-hiller. take my stand
absolutely where every progressive
ought TO take his stand on the prOpo-
sitiOn that private monopoly is indie
feasible and intOlerable. And I viii
fight my battle. And I know how to
fight it. 1 am perfectly willing that
they (the trusts should best any COM
petitOr by fair means; but I know the
foul means they have adopted and I
know that they can be stopped by law.
What we want to do is to disentangle
this colossal community Of interests"
The Roosevelt Progressive party next
comes under the fire of the president
elect After an analysis of Progress
i've party tenets, Mr.. Wilson finds that
"the new party Iegalizes monopoly and
systematically SubOrdinates working
men to them and TO plans made by the
government both with regard to wages /
and with regard TO employment"
Take the thing as a whole says
Mr.. Wilson, and it looks strangely I
like economic mastery over the very
lives and fortunes of those who do
the daily work OF the nation; and all
this under the overwhelming power and I
sovereignty of the national govern
ment.
The man who is leading the new
party has not changed his point of
view since he was president Of the /
United States-it is surprising that
such a man was not again chosen
president of the United States and al
lowed to patent the present processes !
Of industry and personally direct them
how to treat the people Of the United !
States"
Scores Money Trust.
With regard 10 the Money trust. Mr.. !
Wilson writes:
our system Of credit is privately l
The growth of the ma /
tion, therefore, and all our activities !
are in the hands Of a few men, who, /
even if their actions be honest. neces- /
sarily check and chill and destroy gem !
ulne economic freedom. The great /
monopoly Of this country is the mOnop- I
oily Of credit. So long as that exists, /
our old variety and freedom and indi- /
VlduaI energy Of development are out +!
of the question"
Mr.. Wilson also alleges that monop- /
oily has made invention unwelcOme and |
almost impossible, and warns the Re /
publican party that it is being deluded |
into playing false with the enlisted.
MI wilson reiterated his intention of /
pruning the Republican protective 1
tariff but secuted the idea that he was 1
an advocate Of Free trade.
MANI