Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
ACT Wins BROKERS
Street Is Pleased Over VIII
sons Cabinet Methods.
CALLS IT BUSINESS SENSE
Commends Placing Responsibility
With Official Heads.
BOOSTS MARKET CONFIDENCE
Noticeable Increased Activity in
Dealings and in Broadening Out
Of Investment Buying.
CALLS IT BUSINESS SENSE
BOOSTS MARKET CONFIDENCE
By w. G. NICHOLAS.

NEW YORK, March 8.-President VIII.
son made a hit with Wall street and
business men generally by his first off,
cial move after taking possession Of the
White House. He did what every sue
cussful big man in business has been do
ing for years-created an organization for
the handling Of the practical affairs un-
der his management. He made his cabi-
net officers heads Of the various depart
ments Of the Organization" and an
nounced fatty that he would hold them
responsible for the performance Of the
duties conferred Upon them. That is pre-
cisely what every department store, rail-
road and Industrial company. has been
doing. 1t is one of the chief elements of
success. 1t relieves the big boss of count
less details which would crush him
physically and mentally If he undertook
the performance alone.
. The government Of the United States
has developed into the biggest business
machine in the world, and yet it has been
conducted in a slip-shod manner by every
President who has been elected by the
people for the specific purpose Of run
ming their affairs from Washington. 1t
has always been a hodge-p0dge and an
example OF atrocfous business incompe-
vester trust, Pennsylvania railroad and
every big department store In the coun-
try would fall to pieces If mismanaged
as the United States government, from q
strictly business viewpoint
1t is apparently Mr. Wilson's purpose
to supply this shocking deficiency, and
he lost no time in making his program
clear. There Is no misunderstanding OF
what he intends to do. He Is going to
look upon the management of the gov
ernmental machinery as a business prop
osition as well as political and social
enterprise. BY divorcing himself from
the petty cares Of the management of
the mechanical end he Is going to save at
least half of his time for more important
affairs-the larger problems upon whose
act he has, in the estimation of men of
affairs Of Wall street, proved himself to
be q big man. From the first day in
office he will be free for the considera-
ton Of great questions which he advocat-
ed in his speeches and writings before
and after his election
President Wilson has set up an or
ganization to run the business end OF
the government modelled on down to-date
Ideas Of practical operation. He has
named the chiefs, who are made re-
sponsible for the CONDUCT Of their several
pointees grasp the situation and how
they are equipped for the performance
of their duties and responsibilities is
something everybody will watch with
deep interest. Not everybody is pleased
with the personnel Of the new cabinet
and some doubts are expressed as to
whether they will fill the bill in every
case. but with q born general at the
head OF the army high degree Of eff
cheney may result. Here is the way one
OF the critics sizes up In cynical phrase
the grounds for hopefulness In the per-
.sonnei OF the cabinet. He says: There is
the highly conservative Mr.. Bryan, who
has demonstrated his financial sanity by
championing free silver. There Is Mr..
McAdoo. whose one successful large ac-
complishment is represented by corpo-
ration which does not earn the interest
on It's bonds. There is Mr.. Burleson, who
has been working very hard to wipe out
the cotton exchanges and prevent trad
ing in cotton futures. There is Mr.. Lane,
who did more than any other man in the
country to harry Mr.. Hartman. and who
had most to do with preventing the rail-
roads from raising freight rates. There
IL Mr.. Wilson, who Is such a popular
union labor leader that, running as a
democrat, he was able to carry a notori-
ousiy strong republican congressional dis
trict in, PENNSYLVANIA. And there Is Mr..
McReynolds, who in recent antitrust lit
igation was so radical that even Mr..
Wickersham could not stomach him."