The Bridgeport evening farmer., 1914-07-06
WARNS s AGAINST METHODS
 OF FOREIGN TRADE
American Enterprise Advised Not to Impose On Weaker Nations People.
Declare Business In United States Good and Points to Bankers Acceptance.

Phaadeiphia, July &President vii son spent two hours here Saturday partkcipating in a celebration cm- memerating the one hundred com thirty-eiehth anniversary Of the sign l ing of the Declaration of eIndepen- de1<e- He Addressed tremendous cro 4zdsin Independ fence Hall issuing d, note Of warning to American business that imposes upon the people Of for l eign lands, asserting that business con- I ditfous throughout the country are good. defeud3ne the position of the administration as regards the new currency law and the Panama tolls re- peal and referring 10 the members or Congress who are toiAng away In the heat of Washington as patriots i Mr. Wilson's comment on the activi- ties of American financial interests in foreign lands is especially interesting. He declared:
 eff American enterprise In foreign countries. particularly those foreign countries which are not strong enough to resist us, takes the shape of i'm l posing upon and exploiting the mass of people of that country 1t ought to 1 be checked and not encouraged" Mir. Wilson amid cheers
 @aI am willing to get anything for an Americans that money and enter prise can obtain, except the suppres- sion of the rights of other men will not help any man buy power which he ought not to exercise over his feI1ow-befngs.
 est terms the extension of American trade and industry in other nations, but he said that there must be a limit concerning the nature Of the aEt1yi- ties He said the Bufted States had been set up to fvindfcate the rights of
 
 He took fling at the calamity l hovIers.'s saying that he knew from a wide observation Of the general cir cumstauces of the country taken as l a whole. that things are going ex-
 T wonder he said sarcastica1Iy. sswaat those who are crying out that things are wrong are trying to 7do.''
 Mr wilson observed that when the currency bill was under consideration that bankers throughout the country opposed it. Now, he said, the act is receiving app1azzse- defended the repeal of the tolls provision of the Panama Canal act on the. ground or national honor. He said he did not think anybody was hurt by the re- peal
 q cannot he enthusiastic for subgf- dies to a monopoly. ?. he declared, 'fbs1t let those who are enthusiastic for sub sidies ask themselves whether they prefer subsidies to uusullled honor
 Patriotism consists Of some very practical things: practical, in that they belong to every day Hfe- in that they belong to no extraordinary dis tinction, but to those things which are associated with our everyday commonplace duty.
 There sare some gentlemen in Washington for example, who are slowing themselves to be patriotic in a way that does not attract very much attention The members Of the House and Senate, who stay in hot Washington to maintain a1qRarum of | the Houses, and transact public bus fness, are performing an act of pa triotfsnn- I honor them for it, and am mighty glad to stay there and stick by them until it is over.
 sH is patriotic also to know what the facts are and to face them with candor- have heard a great many facts stated about the present business conditions in this country for exam pie a. great many allegations of facts, at any rate-and 1t is strange that these facts as stated do not tally with each other
 ssNovz. the truth always matches the truth and when I find gentlemen in sighng that everything Is going wrong. when it is demonstrabIe that most things are going right, wonder what they are lIJ1IS IO QO- Are they try ing to serve the country or are they trying to serve something smaller than the country? Are they trying to puI hope into the hearts of men who work and tofI every day, or, rather, are they putting discourage ment and despair into these hearts? :? If they love America and anything is wrong. it is theiE duty to put their hands to the task of setting it right.
 tI have had some experiences in not been entirely refreshing. It was universally admitted that the banking system of this country needed re-or- ganizatioI- We set the best minds we could find to the task of discov- erfng the best method of reorganfza- ton We met with hardly anything but criticism from the bankers of this country We met with hardly any thing but resistance from the bank CTS of this country, or at least from the majority of those who said any thing
 And yet, just 90 soon as that act was passed, on the very next day there was a universal chor of ap- plause from the bankers of the United States. Now, if it was wrong the day before 1t was passed, why was it right the day after sftSwas- passed ? Where had been the candor of crftie cism by the concert of counsel which makes a great nation successful? It is not patriotic to concert measures against one another: it is patriotic to concert measures for one another.'' I
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