The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1914-07-24
FRIDAY AFTERNOON, JULY "a, 1914
THE WILSON ADMINISTRATION.

ends the people, at least those q
them Who are not wilfully blind, viii
see and appreciate the wisdom Of tht
legislation that has been, and IL yet
to be, enacted for their relief from an
intolerabIe and threatening condition
OF their national affairs, created by
invidious class laws placed upon our
statute books by many Republican
administrations.
The Payne-Aldrich tariff, which was
wholly in the interest of the manufac-
turer and most burdensome to the
consumer, has been replaced with a
revenue tariff which plays no favor
ties, and in time will fix the business
OF the country on more permanent
basis than it has known since 1860
Under it manufacturing will not be
forced by a dollhouse process to pro-
duce high priced goods for home con-
sumption, but it will be gradually en-
couraged and developed on health
full and self sustaining basis, not to
be shaken as a reed in the wind by
every change in the financial world.
We predict that it will prove a
stimulus to international commerce,
and will restore our ocean carrying
trade to what it was before the days
OF protection (?J, when the sails Of
our commerce whitened every ocean.
Moreover, it will cause a symetrical
development of all our industries
without overstimulating any. De
pressing conditions that are world
wide, may delay for a moment, but
cannot defeat this wholesome out
come.
The Currency reform measure en-
acted by the present Congress, when
once in operation will place it beyond
the power of small body of I'M
considerable men to produce panic
for the purpose of intimidating legis-
lators, or discrediting any measure OF
legislation that interferes with any of
their nefarious schemes, or for any
other reason whatsoever. 1t will re
assure large and small business alike,
and inspire with confidence the man
who gives credit and asks credit, that
the avenues for increased capital shall
not be closed to him by artificial
means, but his reputation for
honesty and integrity shall receive
the consideration it deserves az the
hands of the Banking interests of the
country This is as it should be, and
not as it has been under a decadent
Republican regime.
When the Railway Securities bill is
formulated into workable shape, as it
will be, and enacted into law il will
make accessible to the investor in
that class of securities reliable data
that will enable him to intelligently
determine the wisdom of his contem-
plated investment, without being
menaced BY over capitalization-y-I
cleped watered stock. Investments
of this class for the benefit of widows
and orphans will be safeguarded as
never before.
The Anti-Monopoly bill, another
measure of like Importance, will in
due time become law, and IL intended
to prevent the exclusive control of the
business of the country by large cor
porations, and tor the protection of
small industries against unfair en-
croachment by those Of unlimited
means, and who may be interested in
comprising their destruction.
It will also promote competition,
prevent the arbitrary fixing OF prices,
and guarantee to all who would enter
upon business career protection
from unfair methods by business
competitors.
If President Wilson accomplishes
nothing more during his administra-
ton than the passage Of these three
measures, he will have done much to-
ward the liberation OF business from
the thraldom which has so long held
- "a DOHudB6, ana
which ominously threatened the per-
petuity Of our free institutions With
statesman like ken he clearly forsaw
that neither Of these measures alone,
could accomplish the desired result,
50 he buttressed them each with the
other, and thus rendered evasion OF
their several provisions almost impos-
sible
That temporary decentralization of
trade and business followed this
radical, though beneficent, change in
the financial and industrial policy Of
the government was to be expected,
but il only remains for business to
adapt itself to these changed condi-
tons to insure prosperity to all, and
net a. heretofore confined to individ-
uals and localities.