The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1914-07-03
BOOM IS COMING
SAYS PRESIDENT
MIR. Wilson Predicts Business
Will Have Great Revival
WHEN THE TRUST BILLS PASS
Speaking to Virginia Editors, He
Makes Final Reply to Opponents
OF That Legislation, and
Prophets of Evil Times.

Washington, June 26.-The greatest
business boom in the history of the
United States is promised by Presi,
dent Wilson. This, he says, will be
brought about under new constitu-
ton of freedom" given by the anti
trust legislation soon to be passed
by congress.
Though the president spoke to
group Of Virginia editors in the White
House, he really was addressing the
entire country, and was making his
final reply to the opponents of trust
legislation at this session of congress
and to prophets of evil times.
We know what we are doing" Mr.
Wilson said. I'VE purpose to do it
under the advice-for we have been
fortunate enough to obtain the advice
of men who understand the business
OF the country; and we know that the
effect is going to be exactly what the
effect Of the currency reform was, a
sense of relief and security.
Boom to Follow Program.
Because, when the program is fin
ished, it is finished; the interrogation
points are rubbed off the slate; BUSH
ness is given it's constitution Of free
dom and is hidden to go forward under
that constitution. And just so soon as
1t gets that leave and freedom there
will be boom of business in this
country such as we have never wit
messed in the United States.
Il, as friend of business and
servant of the country, would not dare
stop in this program and bring on an
other long period of agitation. Agita-
ton longer continued would be fatal
to the business of this country, and if
this program is delayed there will come
agitation, with every letter in the word
capital letter. The choice is sober
and sensible program now completed
or months upon months of additional
conjecture and danger.
1T is matter of conscience as well
as a matter of large public policy to
do what this congress l am certain is
going to do, finish the program. And
do not think that it is going to take
long time. l believe that the temper
of those engaged in this great thing Is
admirable, that the various elements
sometimes in antagonism in the con-
gress of the United States are draw
ing together, and that we shall see an
early statesmanlike result for which
we shall all have abundant reason to
be thankful
Fever Lasted Long Time.
Il want to suggest this to you: Bush
ness has been in feverish and ap-
prehensive condition in this country
for more than ten years. / will not
stop to point out the time at which
it began to be apprehensive, but dur
ing more than ten years business has
been the object of sharp criticism in
the United States.
Business men have acted as some
men do who fear they will have to
undergo an operation, and who are not
sure that when they get on the table
the operation will not be capital OPP
Grafton. AS matter Of fact, as the
diagnosis has progressed it has be-
come more and more evident that no
capital operation was necessary; that
at the most a minor operation was
necessary to remove admitted distem-
per and evils.
Guessing Unfair to Business.
There is nothing more fatal to
business than to be kept guessing
D. Nd
to year whether something serious
is going to happen to it or not, and
what in particular is going to happen
to it if anything does.
1.-The guessing went on, the air was
full of Interrogation points for ten
years and more. Then came an adj
ministration which for the first time
had a definite program of constructive
correction; not of destructive correc-
ton, but of constructive correction
of admitted evil-a clear program, dis
closed so far as possible In general
program, in it's particulars as well
as in its general features. And the
administration proceeded to carry out
this program.
First, there was the tariff and bust
ness shivered We don't like to go
in; the water looks cold;' but when
the tariff had been passed it was found
that the readjustment was possible
without any serious disturbance what
ever. So that men said with sense
of relief, Well, we are glad to get that
behind us and it wasn't bad after all
Then came the currency reform.
You remember with what resistance,
with what criticism, with what sys-
tematic holding back large body OF
bankers in this country met the pro-
posais of that reform, and you know
how, Immediately after its passage,
they recognized its benefit and it's be-
nefcence, and how, ever since the pas
sage of that reform, bankers through
out the United States have been con-
graduating themselves.
Then we advanced to the trust
program, and again the same dread.
the same hesitation, the same urgency
that the thing should be postponed.
It will not be postponed, and it will
not be postponed because we are the