Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1914-01-27
BUSINESS NOT To
BE HANPERED,
SAYS WILSON
President Outlines Plan for Regu-
lation of Trusts
SQUARE BUSINESS WITH LAW
Explicit Definition of the Policy and
Meaning of Existing Laws Is Of First
importance-Ants9o Between
Business and Government.
10 Now Over,

Washington. Jan. 20. = President
Wilson delivered the following mes
sage today before g joint session oil
the two houses OF congress:
Gentlemen OF the congress:
In my report On the State OF the
Union which | had the privilege OF
reading to you ON the LIST of Decem-
Der last, j ventured to reserve foy
discussion at a later date the subject
Of additional legislation regarding the
very difficult and Intricate matter OF
trusts and monopolies The time now
seems opportune to turn to that great
question; not only because the cur
rency legislation. which absorbed your
attention and the attention OF the
country In December, is now disposed
OF. but also because opinion appears
to be clearing about US with singular
rapidity In this other great field of
action. In the matter of the currency
IT cleared suddenly and very happily
after the much-debated act was
passed; In respect TO the monopolies
which have multiplied about us and in
regard to the various means by which
they have been organized and main
tanned. it seems to be coming 10 a
clear and all but universal agreement
Ia anticipation OF our action, as if by
the way of preparation, making the
out upon with confidence and without
confusion of counsel
Business of Interpretation.
Legislation has its atmosphere like
everything else and the atmosphere of
accommodation and mutual under
standing which we now breathe with
80 much refreshment is matter of sin
cere congratulation. 1t ought to make
our task very much less difficult and
embarrassing than II would have been
had we been obliged to continue to
act amidst the atmosphere OF suspi-
cion and antagonism which has so
long made 1t impossible to approach
such questions with dispassionate fair
ness. Constructive legislation, when
successful, Is always the embodiment
Of convincing experience and of the
mature public opinion which finally
springs out OF that experience. Leg.
isiation is business of Interpretation,
not Of origination and it is now plain
what the opinion is to whicl we must
give effect in this matter. 1t Is not re-
cent or hasty opinion. It. springs out
OF the experience OF a whole genera
ton. 1t has clarified itself by long
contest. and those who for long time
battled with it and sought to change
It are now frankly and honorably
yielding TO It and seeking to conform
their actions to it.
The great businessmen who organ
ICED and financed monopoly and those
who adm nistered it in actual every
day transactions have year after year.
until now, either denied its existence
or justified it as necessary for the eff
fective maintenance and development
of the vast business processes of the
country in the modern circumstances
of trade and manufacture and finance
but all the while opinion has made
businessman is convinced that the
ways of liberty are also the ways OF
peace and the ways OF success as
we'll; and at last the masters of bust
ness on the great scale have begun to
yield their preference and purpose.
perhaps their judgment also, in honor
able surrender
viii Not Hamper.
What we are purposing TO do, there.
fore, is happily not to hamper or in
terfere with business as enlightened
business men prefer to do it, or in any
sense to put it under the ban. The
antagonism between business and gov
eminent is over. We are nov about
TO give expression to the best business
Judgment of America, TO what we
know to be the business conscience
and honor of the land. The govern
ment and business men are ready tC
meet each other half way in a common
effort to square business methods with
both public opinion and law The best
informed men OF the business world
EOnueukl AUt litluQuS HAONtoHCs
aud consequences of monopoly as We
condemn them; and the instructive
Judgment OF the vast majority of bust
ness men everywhere goes with them
We shall now be their spokesman
That is the strength of our position
and the sure prophecy of what will en-
sue when our reasonable work is done
When serious contest ends, wheI
men unite In opinion and purpose
those who are to change their ways OF
business. Joining with those who ash
for the change. it is possible 10 effect
1t in the way in which prudent and
thoughtful and patriotic men would
wish to see it brought about, with as
few. as slight, ss easy and simple bust
ness resadjustments as possible in the
circumstances, nothing essential dis
turbed. nothing torn up by the roots
no parts rent asunder which can b.
Forehanded.