Imperial Valley press., 1914-06-27

7
"new constitution of freedom for
business given by antitrust legislation
soon to be passed by Congress, Presi-
dent Wilson promised the country the
greatest business boom in its history.
This was the Presidents final an
swer to the opponents to trust legis-
lation at this session of Congress and
to prophets of evil times, delivered
with determined expression and every
word emphasized with clinched
fist.
"We know what we are doing"
said Mr.. Wilson. eve propose to do
it Under advice, for we have been
fortunate enough to obtain the ad-
vice of men who understand the busi-
ness of the country; and we know
/ that the effect of the currency re-
form was, a sense of relief and Sc
curity.
"Some people think the antitrust
legislation will be postponed said
the President as he advanced a step.
well it will not be postponed"
! His jaws snapped.
at will not be postponed because
we are the real friends of business
and are ready to give business its
new constitution of freedom.
"If we stop now there would be an
other long period of agitation wit,
its resulting dangers to business.
"But we are not going to face that
danger; we are going ahead with our
programme now, and if the reports /
received are correct, it will not take
US very long to finish our work"
The President spoke to a group of
! Virginia editors in the east room of
the White House, but his assurances
were intended for the country. A
military aide in full dress uniform
stood beside him, and there was
every indication that the speech was
meant to be one of the most impor-
tant of the administration.
News of the failure of the H. r.
Claflir Company in New York had
reached the White House earlier in
the day, but the President did not
mention the incident.
The speech in full follows:
Il think it is appropriate, in re-
ceiving you to say just word or two
in assistance of your judgment about
the existing conditions. You are
largely responsible for the state of
public opinion. You furnish the pub
lie with information and in your edi-
torials you furnish it with the inter
pretation of that information. We are
in the presence of business situa-
ton which is -.variously interpreted.
Here in Washington, through the
Bureau of Commerce and other in
strumentalities that are at our dis
rosal and through correspondence
which comes in to us from all part.3
OF the nation, we are perhaps in a
position to judge of the actual condl-
tion of business better than those can
judge who are at any other single
point in the country; and ] want .
say to you that as matter Of r1cs
the Signs of a very strong business
revival are becoming more and more
evident from day to day.
II want to suggest this to you:
Business has been in feverish and
apprchensive condition in this coun
try for more than ten years; | will
not stop to point out the time at
which it began to be apprehensive;
but during more than ten years bust
ness has been the object of sharp
criticism in the United States, criti-
cism growing in volume and growing
IN particularly; and as natural
consequence as the volume of criti-
eism has increased business has been
growing more and more anxious
Business men have acted as some
men do who fear they will have IL
undergo an operation and who are not
sure that when they get on the table
the operation will not be a capita
operation.
"As matter of fact as the diagno-
sis has progressed it has become more
and more evident that no capital op.
Grafton was necessary; that at the
most minor operation was neces.
sary to remove admitted distempel
and evils. The treatment is to b.
constitutional rather than surgical, af
fecting habits of life and action which
have been hurtful. For on all hands
it is admitted that there are processes
of business or have been processes
OF business in this country which
ought to be corrected, but the cor
rection has been postponed and il
proportion to the postponement tht
fever has increased-the fever of ap