The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-07-02
President TO Hear Views Of
Heads Of Big Concerns and
Also Present His
SEES MORGAN TODAY
Wants to Show He Is Mt Deaf
to Opinions Of Others on
Trust Legislation

Washington, July 2.-J. u. Morgan
had an engagement at the White
House today to discuss general busi-
ness conditions with the president. 1t
was the first of a series of informsl
conferences the president plans to
have with industrial and financial
leaders within a short time.
At the White House ii was said
Morgan asked for an engagement and
that the two men are personal friends.
Another version was that Morgan had
been invited through friends to give
his views to Wilson.
Morgan and Wilson had nearly an
hours conference. The president said
business conditions generally were dis
cussed. Morgan expressed no opinion
whether business was good or bad.
The president has known Morgan for
a long time. Their talk was largely
reminiscent.
Next week the president will have
an informal conference with Henry
Ford the Detroit manufacturer, who
will be entertained at luncheon. 1t
- Saiu lilC BltSldtIl llNlltu OIu.
officials close to the president said
Wilson will take such an opportunity
TO outline his views To the heads of
big business in person.
Morgan's engagement was more or
less of a surprise to those who have
observed the presidents course since
he entered the white house in having
conferences with captains of industry.
1t was pointed out that Wilson has
not been asking their advice at all
on the legislative effect on business
as many other presidents have done.
When the currency bill was i'm pass
age through Congress, the president
even declined to receive some MEM
bcrs OF the Morgan firm.
White house officials said that one
feature which entered into the public
discussion of the administration
trust legislation policy, and what the
president had characterized as a
psychological depression" caused by
campaign to halt the trust bills in
Congress, was the inference that Will
son did not care To meet the big busi-
neSs men OF the country face to face
and discuss issues in which they were
vitality interested. BY n series of
informal conferences with leaders of
industry and finance 1t is the idea tn
show that the president Is approaching
the subject with an open mind and is
willing to hear the views of big bust
ness first hand and outline his own
views in return.
Next Wednesday Wilson viii hold an
important conference with delegation
representing the Chicago Association
of Commerce. In the delegation will
be representatives Of six of the larg-
est business corporations of Chicago, |
having interests all over the country.
Clash Over Business Conditions.
Washington, July 2.-Prosperity and !
depression were pictured in another |
Senate debate today. Republicans cited |
instances of Industrial dulness and |
business recession. and Democrats as
serted business was better i'm the Unit |
ed States than anywhere else i'm the |
world. Simmons quoted treasury fig |
uros showing a surplus for the fiscal |
year just ended.
Overman and Chiffon Testify.
Washington. July p Senators |
Overman and Chiffon were the prin
cpal witnesses today before a COM
mittee investigating the charges of the !
misuse of official letter heads for the |
promotion of North Carolina gold
mining project. Overman testified he |
bought $4,000 worth of the stock i'm the |
mine when a treasury expert told him
the property was worth 100000, 200. |
Chilton testified he owned 81, 800 worth
OVerman testified his stenographer
had written for the promoter letters
highly commendatory of the project,
without his knowledge, upon letter
neads or the rules committee. The
S'enographer corroborated that, and a
messenger told of giving some letter
"eads to the promoter, by whom. the
SENATOR testified, his son-in-law was
"A III aIanu.