The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-26
WILSON PROMISES
BUSINESS REVIVAL
Greatest Boom in History of
Country Will Result From
Antitrust Legislation.
TALKS TO VIRGINIA EDITORS
Will Insist That Program Be
Passed at This Session to
Stop Agitation.
TALKS TO VIRGINIA EDITORS


constitution Of freedom" for business.
given by antitrust Legislation soon be
passed by Congress, President Wilson
to-day promised the country the great
est business boom i'll its history. This
was the Presidents final answer to op
porcnts of trust legislation at this
session OF Congress. and TO prophets
ot evil times, delivered with deter
mined expression and every word EN-
phas asized with clcnched fist.
we know what we are DOING" said
the President: we purpose to do 1t
under the advice of men who under
stand the business of the country:
and we know that the effect is going
TO he exactly what the effect Of the
currency reform was. a sense of relief
and security"
The President spoke to group OF
Virginia editors at the Whito House.
hut his assurances were intended for
the country. There was every indica-
tion that tho speech was meant to be
one Of the most important of the ad-
.nin;stration.
MAKES NO MENTION
or CLAFLIN FAILURE
News OF the failure of the H. Is
Chaiiin Company i'll New York had
reached the White House earlier in the
day. but the President did not men
tion L.
"I think 1t is appropriate. in receiv-
ing YOU" the President said. TO say
just a word or two in assistance Of
your Judgment about existing condi-
tions. You are largely responsible for
the state OF public opinion. You fur
nish the public with information. and
iii Your editorials you furnish it with
the Interpretation of that information.
We are in the presence OF a business
situation which is variously interpret
ed. Here I'm Washington. through in.
Strumentalitics that are at our dis
posal. and through correspondence
which comes in to us from all parts of
the nation, we are perhaps In I, posi-
tion to Judge of the actual condition OF
business better than those can Judge
who are at any other single point in
the country. and ] want to say to you
that as q matter of fact the signs of a
very strong business revival are be-
coming more and more evident from
day to day.
IN FEVERISH CONDITION
FOR MORE THAN TEN YEARS
II want to suggest this to you:
business has been in a Eeverish and
aPprehensive condition IL this country
for moro than ten years; will not
stop to point out the time at which
it began to be apprehensive. but dur
Ing more than ten years business has
been the object of sharp criticism in
the United States, criticism grow
ing in volume and growing in par
ticularity: and as natural conse-
increased. business has grown more
and more anxious.
Business men have acted as some
men do who fear they will have TO under
go an operation and who arc not sure
that when they get on the table the oper-
alton will not be a capital operation.
AS n matter Of fact, as the diagnosis
has progressed. it has become more and
more evident that no capital opera
tion was necessary; that at the most
n minor operation was necessary to
remove admitted distcnIpers and evils.
The treatment is to be constitu-
tionnl rather than surgical. affecting
habits of life and action which have
been hurtful. For on all hands it is
admitted that there are processes OF
business. or have been processes of
business. in this country which ought
to be corrected; but the correction has
been postponed and in proportion to
the pos,poncment tile fever has in
crca scd-the fever OF apprch tension.
NOTHING MORE FATAL
THAN no KEEP GUESSING
There is nothing more fatal to bust
month to month and from year TO
year. whether something serious is
going 10 happen to il or not. and what
in particular is going TO happen to it
if anything does u is impossible to
forecast the prospects OF any line OF
business unless You know what the
year is going 10 bring forth. Moth
ing is more unfair. nothing has been
declared by business men to he more
harmful. than 10 keep them guessing.
The guessing went on. the air was
full OF Interrogation points for ten
years and more. Then came an adj
which for the first time
had a definite program of constructive
not of destructive corrcc-
tion. but of 81 constructive correction
OF admitted evil--a clear program. dis
closed so far as possible in gen
cral program. In its particulars AS
we'll as in it's general features. And
the administration proceeded to carry
out this program
"Eiist there was the tariff and bust
ness shivc-ed We don't like to go
in: she water looks cold: but when the
tariff; had been passed. il WAS found
that the REIMBURSEMENT was possible
without any serious disturbance what
cvc~ =" that men said with Il sense
of relief. We'll. We are glad 10 get
that behind us and II wasn't bad
after all
GRFAT CURRENCY NEFORM
PLEASING no BANKERS
Then came the currency reform
You remember with what resistance
with what criticism. with what syste-
matte holding back. Il large body Of
bankers in this country met the pro-
posols of that reform. and YOU know
how. Immediately after its passage
they recognized its benefit and its
benniicence. and how. ever since the
passage Of that reform. bankers
throughout the United States have hccn
concentrating themselves that IL was
possible to carry this great reform or
sensible and solid lines
'"rhcn W" advanced TO the trust pro.
gram. and again the same dread. the
same hesitation. the same urgency that
the thing should bc postponed. ~ win
not he postponad: and 1t will not be