Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1914-01-31
hO PRACTICES
or TRUSTS TO
Be FORBIDDEN
Nv and Penalty Must Be Made
EauaIlY Plain, Says the
President.
|ILL NOT HAMPER BUSINESS
Il tsaonism Between Government and
Business 10 OVer--Wouid Give inter
8state Commerce Commission Pow.
er to Regulate Financial oper.
atlons of Railroads.


atIons of Railroads.
Washington. Jan 20.-Before g
II inf session OF both houses of con-
Tess President Wilson today deliv-
3. ed a special message on trusts. The
d eesage fellows:
Gentlemen OF the congress:
IN my report ON the State OF the
xniou, which l had the privilege of
4adng to you on the list OF Decem-
1er last, | ventured to reserve for
Hscussion at a later date the subject
al additional legislation regarding the
8ery difficult and intricate matter of
Husts and monopolies. The time now
PENS opportune to turn to that great
question; not only because the cur
&tncy legislation, which absorbed your
Intention and the attention OF the
country in December. is now disposed
% but also because opinion appears
d be clearing about us with singular
kapidity In this other great field OF
Action.
Business OF Interpretation.
Legislation has it's atmosphere like
Everything else and the atmosphere OF
accommodation and mutual under.
Standing which we now breathe with
*o much refreshment is matter of sin
&ere congratulatlon. 1t ought to make
Nur task very much less difficult and
Embarrassing than 1t would have been
bad we been Obliged TO continue to
BE-; amidst the atmosphere Of suspi-
kion and antagonism which has SO
long made it impossible to approach
ouch questions with dispassionate fair
Fess. Constructive legislation, when
successful, g always the embodiment
pt convincing experience and OF the
@natuTe public opinion which finally
springs out of that experience. Leg
station Is business of Interpretation,
pot of origination; and it is now plain
what the opinion is to which we must
Eive effect in this matter It Is not re-
cent or hasty opinion.
The great businessmen who organ
ped and financed monopoly and those
~ho administered It in actual every
II.
arnd2 now, either denied its existence
@or justified It as necessary for the ef
Elective maintenance and development
% he vast business processes of the
country in the modern circumstances
or trade and manufacture and finance;
"a bat all the while opinion has made
Aead against them. The average
businessman is convinced that the
"ays Of liberty are also the ways of
81 peace and the ways of success as
q Web; and at last the r,asters OF bust
ness on the great scale have begun to
81 Weld their preference and purpose,
perhaps their judgment also, In honor
able surrender.
VIII Not Hamper
What we are purposing to do. there
Tore is happily not to hamper or in
teFIere with business as enlightened
81 BUSINESS men prefer to do it, or in any
q sense to put 1t under the ban. The
q @ntagonism between business and gov
a eFnment is over. We are now about
n 10 give expression to the best business
a Judgment Of America, to what we
Sho" to be the business conscience
ana honor of the land. The govern
ment and business men are ready to
meet each other half way In common
~HoTt TO square business methods with
both public opinion and law. The best
informed men Of the business world
condemn the methods and processes
anu consequences Of monopoly as we
condemn Them and the instructive
augment of the vast majority of busi-
ness men everywhere goes with them
q We shall now be their spokesman
hen serious contest ends, when
men unite in opinion and purpose,
,hcse who are to change their ways OF
BUSINESS, joining with those who ask
lot the change, ii is possible to effect
10 the way in which prudent and
'holgntTGl and patriotic men would
T'sh to see 1t brought about, with as
IeN' as slight, as easy and simple bust
4'ss adjustments as possible in the
i VHc1mstances, nothing essential dis
'Ooed. nothing torn up by the roots
ao PARTS rent asunder which can be
's-1 i'll wholesome combination. For
'1-alely. no measures of sweeping or
ooYe' change are necessary. It will he
e14eesiood that our object Is not 10
olse,tie business or any, mere serious
" 70 break its established courses
S'0"art On the contrary. we desire
A@ avs we are now about to pass to
&c ne bulwarks and safeguards of In
Inadequate.