Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-17
WAR TO THE DEAT TIL ON
TRUSTS WILSON'S PLAN;
OUTLINES HIS POLICY

/ NEW YORK, Feb. IA scathing
arraignment Of big business" is con
tained in Prcsident-elect Wilson'S pre-
/ inauguration book. The New Free
dom" which made its appearance for
/ the first time upon the neWsstands here
| today
! President-eleCt Wilson not only re-
iterated his attacks upon the trusts Of
! the United States. but sounds q new
! warning to the great financial inter
/ ests of the country. The work is con
sidered one Of the most remarkable ever
put i'll the field both by reason Of the
J bitterness Of it's arraignment Of the
present financial system and ny reason
! Of its pre-inauguration exploitation of Il
/ 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 coun-
! try. but makes il clear that he win do
all in his powed legitimately to restore
( trade competition and individual OPP
/ portunity and disentangle community
/ Capitalization which. he says, has be-
come dangerously co-ordained.
Arragns Roosevelt.
Mr. Wilson arraigns ex- President
! Roosevelt ana his program of benevo-
! lent monopoly strongly advocates an
advance policy of the initiative, refer
endum and recall, with the exception of
/ 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 1t is a collection of the more sug-
gestive portions of his campaign
speeches put together by William Bay
ard Hale with such Interpretation 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 ex-
press the new spirit Of our policies and
to set forth in large terms, which NAV
stick in the imagination, what it is
our politics to their spiritual vigOr and
our national life. whether in trade. in
industry or in what concerns us only
as families ana individuals. to its pu-
rity, it's seIf-respect and its Christian
strength and freedom"
Monopoly IndefensibIe.
In writing under the subject Mo
Hopoly or Opportunity Mr. Wilson
says:
| admit the popularity of the the
DRY 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 up
In answer, nevertheless. that this
attitude rests upon a confusion of
thoughts. Big Business is no doubt
to large extent necessary and
natural. The development of bus
mess upon a large scale, upon
great scale Of cooperation, is inevi-
table and. let me add, is most prob
able. But that is a very different
matter from the growth of trusts,
because trusts have not grown;
they have been artifcially created
For my part want the pigmy
(little business) to have Il chance,
and | foresee the time when the
pigmies will be SO much more ath-
letic than the giants that it will
beta case of Jack the Giant Killer.
take my stand absolutely, whore
every progressive ought to take his
stand, on the proposition that pri-
Vate monopoly is indefensible and
intolerabIe. And will fight my
battle.
And | know how to fight it. | am
perfectly willing that they (the
trusts should best any competitor
by fair means; but | know the foul
means they have adopted and |