Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1914-06-26

when the old tariff was in operation.
This is an evidence that the imports of
this character have not narrowed the
farmers market.
President Wilson takes the position
that the worst thing that can happen
to business would be to keep in sus-
pense another year as to trust legisla-
ton. The people have demanded legis-
Iation along the lines now being con-
sidered in Congress-. The President is
confident, and he has the support of
many real leaders in the business world
in this, that the trust legislation
planned will end the agitation over the
trust question which has been in prog
ress for more than decade. With the
tariff and currency questions settled
and new trust legislation that will let
the business world know just how it
stands with the government, he believes
business will be able to 60 forward to
adjust itself to present day conditions,
unhampered by further uncertainty or
further regulatory legislation.
Republican and Bull Moose members
of Congress are supporting the Wilson
antitrust measures, because they see
in them a great step forward. The bill
preventing interlocking directorates,
and combinations and mergers that
stifie competition will hit only the more
grasping of the trusts and will be
benefit to consumer and small producer.
The, bill empowering the interstate
commerce commission to regulate the
issue of railroad stocks and bonds will
prevent the stock watering and stock
scandals which have brought bank.
ruptcy to small stockholders and loss
to the public who dug down into their
pockets for the money to pay dividends
on this watered stock. The trade COM
mission bill, which would cIothe new
commission with regulatory powers
over the industries shown to be monop-
olistic in character, exactly as the
interstate commerce commission is
clothed with powers to regulate the
railroads, would prove as great safe
guard to the public as the I. c. c. has
in its field. There is nothing revolu-
tionary in this program, but "big bust
ness" is opE osing it, just as the rail-
roads opposed the legislation compelling
them to submit to government regula-
ton, though now the roads themselves
express satisfaction with that regula.
ton.
Announcement by Senator Cummins
that he will oppose the confirmation of
members of the Federal reserve board
recently nominated by President Wilson
has distinctly angered administration
leaders, who have found the Senator
fighting them on each successive step
Of the legislative program, in addition
to having fought the confirmation of
several of the Iowa Federal appointees.
That the. administration will throw its
strongest support behind Congressman
Connolly in his fight against Senator
Cummins for the Senate is certain.
Congressman Connolly has been given
assurance of this, although definite
plans for the administration partici.
patton in the Iowa campaign may not
be made until after the Maine election
in September. ..... 81 IT, a-s.; ~c.
Congressman Connolly has been at
the White House for several confer
ences since his return from the primary
campaign. He has been in close touch,
too, with Secretary Bryan, and Chair
men McCombs and Doremus Of the
national and congressional committees.
Leaders have displayed their confidence
in the result of the November election
by giving Mr.. Connolly q place in their
councils never before held by an Iowa
Democratic member, because they
believe that Connolly will be 1owa's
first Democratic United States Senator.