The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1914-06-26
BUSINESS BOOM
|, Is COMING SURE
PROMISES WILSON
PRESIDENT MAKES FINAL AN.
sWER TO ALL CRITICS OF HIS
ADMINISTRATION.
ADDRESSES The NATION
THR0UGH VIRGINIA EDITORS
~, As a Friend Of Business, And a
Servant Of the Country, Would Not
Dare Stop in This Program And
Bring on Another Long Period Of
Agitation"

Washington, June 26.-Under a
new constitution of freedom" for bust.
ness, given by antitrust legislation,
soon to be passed by Congress, Presi-
dent Wilson yesterday afternoon prom.
ised the country the greatest business
boom in it's history. This was the
Presidents final answer to opponents |
of trust legis'ati at this session of |
Congress, and to prophets of evil
times, delivered with determined ex-
preston and every word emphasized
with clenched fist
I'VE know what we are doing" said
Mr.. Wilson; 1--WE purpose to do 1t un-
der the advice of men who understand
the business of the country; and we
know that the effect is going to be ex-
actly what the effect of the currency
reform was, sense of relief and Sc
curity."
The President spoke to a group of
Virginia editors at the White House,
but his assurances were intended for
the country. There was every indica-
tion that the speech was meant to be
one of the most important of the ad-
ministration.
News of the failure of the H B. Cla-
fin Company in New York, reached
the White House earlier in the day,
but the President did not mention the
incident.
"Business has been in a feverish
and apprehensive condition in this
country for more than ten years." he
said. 81 will not stop to point out
the time at which it began to be appre-
hensive, but during more than ten
years business has been the object of
sharp criticism in the United States,
a criticism growing in volume and
growing in particularly, and as nat
ural consequence, as the volume of
|
grown more and more anxious.
Business men have acted as some
men do who fear they will have to un-
dergo an operation, and who are not
sure that when they get on the table
: the operation win not be a capital
operation. AS matter Of fact, as the
diagnosis has progressed it has be-
come more and more evident that nc
capital operation was necessary; that
, at the most a minor operation was
, necessary to remove admitted distem
1 pers and evils. The treatment is to
, be constitutional rather than surgical
b. affecting habits of life and action
: which have been hurtful. For on al
: hands it is admitted that there are
e processes of business or have beer
0 processes of business in this country
which ought to be corrected but the
correction has been postponed, and IL
proportion to the postponement thu
fever has increased-the fever of ap
> prehension.
"There Is nothing more fatal to bust
n ness than to be kept guessing from
month to month and from year to yea
whether something serious is going t.
- happen to it or not, and what in pal
IS ticular is going to happen to 1t il any
e thing does 1t is impossible to fore
n cast the prospect of any line of bus
N ness unless you know what the year l
y going to bring forth. Nothing is NOR
n unfair, nothing has been declared b
p business men to be more harmful, tina
ID to keep them guessing.
"Then came the currency reform
~ You remember with what resistance
le with what criticism, with what syst
Of matte holding back, large body
In bankers in this country met the PR
ly posals of that reform, and you kno
at how, Immediately after its passag
they recognized its benefits and i
ID beneficence and how, ever since tn
i'd passage OF that reform, banker
,e throughout the United States ha'
Ie been congratulating themselves that
IS. fContinued on Page Two.)