Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1914-07-15
AGAIN sURREhOElR"Si
TO PRESIDENT WILSON,


CONGRESS AGAIN sURREhDERs
TO PREsIDENT WILSON.
The Chicago Herald's Washington
correspondent; in. q letter published
in that paper last Monday, forcefully
ana truthfull,y3 described some of the
Presidents achievements and desires.
The following paragraphs are extracts It
from his admirable letter:
Congress once more has surren-
dered to the President
The. quiet persistence OF the man in
the White House has. had its effect
uponNthe Senate. There IS no longer
any talk OF passing a trades commits
sion and railroads securities bill and
then ad1ournin&
"'Recognizing the unbending charac'
ter Of the backbone Of the chief
iexecutive, the Democrats who sub
rosa have been talking revolt are nov
urging prompt action upon the en-
tire business program Of the admins
|tratiOn. II
""They are making a wry face. but
they want to get home to mend the
politfcal fences. This accounts for
the adjournment Of the Senate from
until tomorrow, Friday and
saturday being used by the judiciary
committee to perfect the Clayton anti
trust bill and by the interstate COM
merce committee to shape the rail-
road securities bill.
EXPECTS TRADE BILL TO PASS.
"The interstate trades commission
bill is nov before the Senate. Sena-
tor Newlands who has 1t in charge.
says tonight that he expects this mea-
sure to pass the Senate on next FIJI
day.
''The Clayton bill then will be made
the unfinished business, and when It
is disposed Of the railroad securities
bill will be debated and acted upon.
t'Thhe most optimistic In the Senate
expect adjournment by the middle OF
August; the most pessimistic by Sept
i. With the passage Of these mea-
isures the President will feel that his
constitution of freedom for business
has been created.
est has been q hard struggle, last
Ing through special session which
merged into the regular session. TO
obtain the results which he deemed
necessary Mr.. Wilson has had to be.
constantly on duty.
He was compelled to lock horns
with the great interests protected by
the tariff; with great banking Inter
ests which desired to solidity their
control OF the currency and banking
facilities generally Of the country.
with great %monopolies anxious to per
petuate, their. hold upon industry. To
q large extent all these interests are
correlated and naturally they unified
their opposition;
WlLsoN@GoAL rs IN SIGHT.
+tBut the President is a&Oslt tia
reach the goal upon which be had
fixed his eyes when he entered the
White House: He Is satisfied that
the tariff law has proved beneficial.
i[ta has tended to remove artificial ad-
yantages enjoyed by the favored few
in industry at the expense of the
many and has tended to free trade
channels which were ch0ked by priv
iileges. Il IS Il
There has not been that calamity
predicted when the tariff
undergoing revision.
...With the tariff revised the Presi-
denN turned his attention to the
banking and currency situation. He
sought to have removed the evils OF
the antiquated banking system-con-
%centration OF money In New York,
speculation. at the expense OF bust
and periodical money stringency.
cREATEs NEW BANK SYSTEM.
THE federal reserve system is in
process OF creation under the law re-
cent?, enacted; Mr.. Wilson has plac-
"a upon the federal reserve board
men in whose judgement, ability
experience and common sense he has
supreme confidence, $50 Il
s.stOnces the system lis In operation.
thpachief executive believes It's value
to The countrySsWill be recognized;
that New York will cease to have;
cenrol OF the finances Of the cOun-
try and that there will be greater
OF creditor the nation.
Nov the trust reforms are being
developed the bills which the Presi-
dent is urging are not intended by
him to strike at but rather to protect
legitimate business.
Tie wants them to aid In the re-
storationt of untrammaled competition,
to do away. with. the evils OF monop-
olies and. the agencies which have
created Notwithstanding com
panAes, t~nterlocking directorates and
price cutting; to place business In g
position where 1t will know what It
caniand cannot do.
!"He wants the Interstate commerce
eommisston, to have control OF future
Is,ssues Sof railroad securities. in order
10 remove from the shoulders Of the
people the burden which inflated
issues create:
The laws enacted and about to be
placed on the statue books win be In
'orcee for some years. Only a revoln-
change In government will
liter them. The President has prom
sed a c~essation of business legislation
,nce the antitrust bills are approved:F
/ .'The Democrats hold the Senate by
| majority Of eight. II they should in
this majority it would mean
hat the Senate would remain Demo-
;ratic until 1918, and even II a Re
,ublican or Progressive should be
elected it would be impossible to
,btain any new business legislation.
,ntreI 0EE aEEE NATTl S0ARS. 4