The Sentinel=record., 1914-07-03
BUSINESS UNDER DISCUSSION
Mir. Morgan and President Wilson Refused to Make Public the Trend or purpose of the Discussion Held In Private.

Washington, D. c. July 2-For nearly an hour today President Wilson discussed business conditions IWiti J. P. Morgan, at the first of a series of conferences which will lbring to the white house men foremost in American industry and finance. It was one of the very few occasions during the sixteen months of his ad- ministration that the president has received one of the recognized lead CTS of "big busiless'
 Officals said that while the admins tration's greatest legislative projects We're under way-the tariff act, the currency bi!l, and whie the trusts program was being prefected-the Lpresdent felt there should be no op- lportunity for a charge that they were lreceiving inspiration from business or financial centers.
 Now that two of the administration lreforms have been completed and a third is in a final stage, the president is said to feel that an exchange of thought and information with cap tains of industry will he conducive to the business revial he expects to see ong lines which the administra. Iticn holds to be legal. Next week lie1ry Ford, Detroit manufacturer wiI confer with the president and after that a delegation from the Chicago association of commerce, in cluding representative of six corpor. Iations with native wide interests, will come for a conference.
 Out of these conferences the presi. dent expects business men to learn that lawful enterprise has nothing to fear from the democratic administra. tion; that the trust program having reached point where he forsees it's lseecessful completion, business shall have the rest many of it's leaders nave been asking; and under the constitution of freedom" as the pres. ident has christened the trust legis laticn, commerce and financial re lspecting the laws will not be harass ed by the federal government.
 Whether MT. Morgan came at his own request or at invitation of the president was not established. That point often is left in doubt as to i'm. portant white house callers. Offic. ials said MT Morgan asked for the engagement. Another version was that mutual friends arranged for MT Morgan to talk things over" The two men have been acquainted for some time and Mir. Morgan knew the president at Princeton and the Der. sonal element i1 the cal was a large one.
 There was, however, an agreement that Mir Morgan should not make any announcement concerning the confer enee. He told inquirers that the ia k had been a cordial one, largely rem inseent and that MT. Morgan express ed no opinion on whether business was good or bad. The president added that the attitude of business men , seemed to be growing in favor of the administration trust program. Wheth CT the conference had contributed tc . that conviction was not disclosed. ? White house officials declared the president had not thought of alterina
 his legislative program. Throughout the campaign, as Mir. Wilson styled if for hat in the trust bills. which he declared was the cause of a epsv choio2ical depression reports cam,
 to the white house from the bushes, world that it was believed that the 3 president did not wish to discuss hi, politics with the men yitally interest : ed in them. White house officials sa, that impression was wholly inac } lcurate and that the presidents onl,
 treason for not consulting bushes, ! leaders was that while at work upoi t a definite program he did not wisl T to have it take the appearance o s having been influenced.
 ' Whi,e the currency bill was in pas q sage, he declined to receive som
 members of Mir Morgans firm. I l. was recalled that aside from Jame n lSpeyer, the banker, the president aa, t discussed public politics with no othe ibig man of the business world. Nil