The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1914-03-12
WILSON ROUNDS OUT ONE ysAs
Administration EventfuI-rsrlr Re
vision, Income Tar and Currency
Bill Make Fundamental Change

Washington. D. e.. Mich. 3.--Presi
dent Wilson today rounded out the
first year Of his term Of Office a.
chief Executive OF the nation. A
glance backward over the ~ months
that have passed since President VII
son vas inaugurated, March g. 1913
shows that hts administration has
bcen unusually eventful and active
Seldom. except in time Of war. has
any president ever had 40 many
things going on at the same time.
The revision Of the tarin was the
first notable Achievements Of the VII
son administration Two weeks az.
ter be- was inaugurated the President
called an extra session Of congress
70 revise the tarin The session con
veued on April TN. and the Under.
wood tariff bin. with the income tax
was Immediately IN the house That
body passed the measure on May 3.
and on September gth IL was passed
by the senate On the day the bill
passed. President Wilson issued
public statement. which very clearly
identified the administration with
measure and which asserted fhe sue
cess Of the Democratic party In main
tanning lbs harmony and carrying out
lbs pledges under difficult oircum-
stances
As soon as the President was as
sured that the last stumbling block
had been removed from the path Of
the tanG bin. he appeared before
congress and urged upon that body
the mediate necessity Tor legisla
ton 20 make the monetary system
OF the country more simple and uni
form aud more available for the
needs Of business. The currency bill
which WAS introduced simultaneously
In the senate and house three days
after the President had addressed
congress on the subject. was essen.
tally an administration measure. and
is enactment into law was victory
for President Wilson The provision
of the law for federal reserve
board and the establishment Of r.
nohal banks called for rather rad.
ica chances In the monetary system
u the country The majority Of the
leading banks. although opposed TO
he currency bill, have manifested
disposition TO give the new system
d fair trial and to aid In the work
n starting q on smoothly
The third great question OF public
policy to be- taken Up by President
Wilson during his nrst year In ofice
Aas the further regulation by the
federal government OF corporations
'ngaged In Interstate commerce. In
lis previous Utterances. the prcsi.
lent had made Il plain tina, busting"
md batting the trusts was 70 be the
.port ~ his administration At the
anne time h. let q, be known that
lc believed the sherman antitrust
aw needed revision to make II more
Elective In dealing with those cor
'ort'ions whose uninwful acts made
hem actual enemies Of the public
Welfare
on January co. the President made
us third formal appearance before
he two houses ~ congress. assem-
led IN Joint session. and explained
rs views on the trust prublem Ne
ondemned interviewing directories.
dvocated the prosecution Of individ-
al directors and officials for the IN
iwflfi acts u their corporations. pro
oscd 10 confer upon the Interstate ,
commerce Commission the powers
D regulate the financial operations OF ,
companies. and rec
mmendcd the creation o an Inter
tate Trade Commission The Presi-
cnt assured the business world that a
o frenzled campaign AGAINST the big .
was contemplated, but
hat the efforts OF the administration
louid be directed to bringing about
easy and simple business readiust-
,ents.l Tue favorable impression !
I the Presidents message has been
frightened by the recent attitude Of
he administration In permitting a
lumber OF corporations To make ne J
arrangements and to avoid prosecu-
ons.
President Wilson's success in Sc
uring the enactment OF the tariff
nd currency bills. and his legisIa-