The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-07-03
MORGAN RECEIVED
AT White HOUSE
First of Series of Conferences
With Recognized Leaders
of big Business"
DISCUSSION OF CONDITIONS
President Feels Exchange of
Thought and Information Will
Encourage Trade Revival.
Especial to The Tlmes-Dispatch. ]


Washington. July For nearly an
hour to-day President Wilson discussed
business conditions With j. y. Morgan.
at the first Of series OF conferences
which will bring to the White House
| men foremost in American industry and
finance II was one OF the very few
ccaSions during tho si~tceu months Of
iis administration that the President
has received one OF the recognized
leaders Of big business"
officials said that. while tho admins
trations greatest Legislative projects
wcre under way. tho tarir act. the cur
rcu.y bill. aud while tho trust pro-
gram vas bcihg perfected. III" I'resi-
dent fclt there should hc 10 opportu-
nifty for a Charge that they were re-
ccivinE inspiration from business or
iuaucial centres.
Now that two Of the administration
, reforms have been completed. and Il
third is IN = ilnal stage. the President
Is said Il feel that exchange OF
thought and information with captaius
business revival he expects To see
along lines which the administration
holds 10 bc legal
Next week Henry Ford. Detroit
manufactures. viii confer with the
President and after tha: !. delegation
mcrce, including representatives OF six
corporations with nation wide interest,
Will come for 4 conference.
LAWFUL ENTERPRISE
HAS NOTHING TO FEAR
out OF these exchanges the p-eSi-
dent oApe.ts business men TO learn
that lawful enterprise has nothing To
: fear FROM the cUnocratic administra-
tion: that the trust program, having
reached Il point where he foresecs its
successful completion. business shall
have the rest many of its leaders have
been asking. and that. under the Con
sttution Of freedom as the President
has christcned the trust legislation.
commerce and finance respecting the
laws Viii not hc harasscd by the Fed
cral government
Whether Mr.. Morgan came at his own
request or at the invitation of the
President. Was not stablishcd. That
point often is left In doubt as to inn
portaut White House conferences Of
iicials said MIR. Morgan asked for the
engagement. Another version was that
mutual friends arranged for Mr. Nor
gan TO talk things over" The two
men have been acquainted for some
time, and Mr.. Morgan knew the Prcsi-
dent 1T Princeton, and the personal cle-
inent in the call WAS a large one
TALK IL CORDIAL. ONE,
LARGELY REMINISCENT
There WAS however. an agreement
that.the President should not make ANY
announcement concerning the confer
ence. He told inquirers that the talk
had been Il cordial one. largely reminis-
cent, ana that Mr.. Morgan expressed 10
opinion as to whether business was
good or bad. The President added that
the attitude oil business men seemed to
oe growing In favor OF the administra-
ton trust program. Whether the CON
terence had contributed TO that con
viciion was not disclosed
White House officials declared the
President had no though, OF altering
his Legislative program ThrouEhout
the campaign. rs President Wilson
styled IL, for Il halt i'm the trust bills
which. he declared. was the cause of a
Psychological depression" reports
came to the White House from the busi
ness world that it was believed the
President did not wish 10 discuss his
policies with the men vitality Interested
in them. White House officials say
that Impression was wholly inaccurata
ana that the Presidents only reason
Tor not consulting business leaders was
Una, "nlie ~ work upon debate pro-
gram lie did not wish 10 make il an
pear that IL had been Influenced.
OTHER VISITS Personal.
AND OF SHORT DURATION
Whlic the currency bill WAS in mas
sage nc Geciined TO receive some mem
bers OF Mr.. MorEan's firm. Ii was re-
called that aside from James Spcyer
the banker. the President had discuss
cd pubic policies with no other big
men Of the business world Mr.. Spcv7
er came to give the President some
information on Latin American tin-
ances. Andrew Carnegie and James
j.. Hill have been received nj tho
White House. but their visits have
heen purely personal and Of very short
duration.
Mr.. Morgan ran the gauntlet of a
rapid fire of questions from correspon-
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