The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1914-01-23
THE LEGITIMATE INTERESTS
HAVE NO CAUSE FOR ALARM
(By Associated Press.O

business peace and industrial freedom
was delivered by President Wilson
to congress today. \ gale of applause
the hall when the address was
g legislators and spectators sat
ice as the president outlined
I administrations policy toward
"vis business Every available seat
in the chamber was occupied by spec
tators, diplor ats cabinet officers and
former congressman.
After the message was concluded
the president was again loudly APP
plauded.
There were different opinions eX-
pressed by national officials regard
ing the message.
Speaker Champ Clark said. Its a
very fine message"
Representative Murdoch of Kansas,
leader of the house progressiyes, de-
clared:: THE presidents plan is in
adequate. Like all of the inadequate
plans, it will simply render the trust
evil more acute" Murdoch then
added: "The president, however, is
we'll mentioned
Representative Underwood, the
democratic house leader, said: The
presidents message points the way
to progressive remedial legislation
and at the same time the message
leaves no cause for alarm by the le-
gitimate interests of the country"
Text of Presidents Message
President Wilson personally laid
before a joint session of congress to-
day the fundamental principles of the
democratic administration program
for dealing with trusts and big bust
ness"
The president presented the case,
he said, "as it lies in the thought of
the country"
Eve are now about to write the adj
ditional articles of our constitution of
peace said the president; the peace
that is honor and freedom and pros
perity."
Besides suggesting the scope of
legislation, the president made a per-
sonal appeal for an atmosphere of
friendliness and cooperation in con-
gress while handling the problem.
THE antagonism," he said, be
tween business and government is
over. We are now about to give ex-
preston to the best judgment of
America, to what we know to be the
business conscience and honor of the
land. The government and business
men are ready to meet each ether
half way in common effort to square
business methods with both public
opinion and the law"
The chief points which the presi-
dent singled out as a basis for legis-
lation were:
terlocking of directories of great
corporations-banks, railroads, indus
trial, commercial and public service
bodies.
2. A law to confer upon the inter-
state commerce commission the pow
er to supernitend and regulate the
financial operations by which rail
roads henceforth are to be supplied
with the money they need for their
proper development and improved
transportation facilities.
3. Definition of 'the many hurtful
restraints of trade" by explicit legis-
lation supplementary to the Sherman
law.
d. The creation of a commission
to aid the courts and to act as a clear
ing house of information in helping
business to conform with the law.
S. Provision of penalties and pun
ishments to fall upon individuals re-
sponsible for unlawful business prac-
tees.
G. Prohibition of holding compan-
les, and a suggestion that the voting
power of individuals holding shares
in numerous corporations might be
restricted.
z. Giving to private individuals
the right to found suits for redress on
facts and judgments proven in gov
eminent suits and providing that the
statute of limitations should run
only from the date of conclusion of
the governments action.
The president spoke as follows:
Gentlemen of the Congress: In
my report on the state of the Union
which l had the privilege of reading to
you on the first of December last, |