The Dickson County herald. (Dickson, Tenn.) 1907-1979, 1914-01-30
PRESIDENT WOULD BAR CONCERNS BEING !
INTERESTED IN BUSINESS or COMPETITORS

WMEniuHrnn. ~~-krfsNtd@M WILSON, ~
haa message On The trust question. nd.
dressed personally 10 q, Joint session
u congress. raid;
Gantlemen OF the Congress- In my
report ION the State Of the Union, !"
which ! had the privilege OF reading
10 you on the ID ef Decesnl'sr last.
vsntnred to reserve for discussien ut
later date the subject Of additional
lsgislatiou regarding the very graph
ieat and intricate matter Of trusts and
ms,n0poMes. The time now seems op-
perfume TO turn 10 that great quesr
ton; not only because the currency
legislation which absorbed your stten-
zion and due attention Of the country
I'm December 10 now disposed OF. but
also because opinion seems 70 be-
CLEARING about us with singular rapid
ny In this other great field OF action.
In the matter OF the currency It
cleared suddenly and very happily
after the much,debated act wss
passed: In respect TO the monopolies
which have multiplied about Us. and
m regard To Ike various means by
which they have been organized and
maintained. II seems 10 DO coming to
q clear and all but universal agree
ment In anticipation OF our action, Is
~ by way OF preparation. making the
way easier TO see and easier TO set
cut upon with confidenoe and without
.confnsion OF counsel. III,
Masters Of Business YleId.
The great business men who or
sanixed and financed monopoly. and
those who administered Il In actual
everyday transactions. have year att
or year, until now, either denied Ito
existence or justified II as necessary
for the effective maintenance and de-
velopment OF the vast business
processes OF the country In the mod
eru circumstances OF trade and manu-
facture and finance; but oil the while
opinion has made Roadway against
them. The average business man Is
convinced that the ways OF liberty are
also the ways OF peace and the ways
of success an we'll; and at last the
masters OF business on the great scale
have begun to yield their preference
and purpose, perhaps their Judgment
also. In honorable surrender.
We are all agreed that private mo
nopoly Ia indefensble and intolera.
BILE" and our program is founded
upon that conviction II will be a
comprehensive but not a radical or
unacceptable program, and these arc
i,s items, tbe/changes watch opinion
deliberately sanctions and for which
business waits
Fsyors Fair Competition.
II waits with acauiescenee. In the
first place. for laws which will eifec-
snaiiy prohibit and prevent such inter
iock.hss OF the personnel OF the ,di.
rectorates OF great corporations
hanks, railroads, industrial CONNER
ciai .nnd public service bodies as In
effect result In making those she Dor
row and those who lend practically
ono and the same. those who sell and
those who buy but the same persons
trxuing with one another under differ
cnt names and In different combina-
tons. and those who affect to coui-
pete In fact partners and masters OF
some whole field OF business, Stuff.
,clent time should be allowed. OF
course. In which to effect these
changes Of organization without in
'convenlcncs or confusion
To Regulate Financing Of Railroads.
m tho second place business men
mn we'll "A those who direct public At.
fairs now recognise. and recognize
with painful clearness. the great harm
and injustice which has been done to
maay, IL. not al. OF. the great railroad
Systems Of the country by the way in
which they have been financed and
their own distinctive interests sabor-
hinated to the interests Ut the men
who financed them and Of other"busi-
ness enterprises which those men
wished TO promote. The country IL
ready, therefore, TO accept, and &C
cent with relief as well IA approval. q
law which viii confer upon the inter.
state commerce commission the
power to superintend and regulate the
financial operations by which the rail-.
roads are heRcaforth 70 be supplied
with the money they need for their
proper development to meet the rap
Idly growing requirements OF the
country for increased and improved
facilities " transportation.
We cannot postpone action In this
matter wIthou, leaving the railroads
exposed TO many serious hsndicaps
and hazards, and the prosperity OF
the railroads and the prosperity OF the
country are ins~parshly connected,
Upon this question those who are
chiefly responsible for he actual man
asement and operation Of the rail
roads have spoken very plainly and
very earnestly with purpose We
ought to be- quick to accept II VIII
I've ono step, and very important one.
toward the necessary separation Of
the business OF production from the
business ottrapsporta,ion