Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-07-03
First of Long Series of Con-
ferences to Be Held by Mr.,
Wilson With Great Captains
of Finance and Industry,
NO CHANGE OF POLICY
BY ADMINISTRATION
Purpose Is to Let Country
Know That Government Is
Not Trying to Wreck Pros
perlty but TO Assist Il,

sy MORNING JOURNAL sptciAt tsAstn wissl
Washington, July For nearly an
hour today President Wilson discussed
business conditions with J. =. Morgan
ut the first Of series of conferences
which will bring to the White House
men foremost In Industry aud finance.
u WAS one nf the very few occasions
during The sixteen months OF his add
ministfation that the president has
received one Of the recognized leaders
of "hg business" Officials said that
while The administration greatest
legislative projects We're under way
the tariff act the currency bill and
while the money trust program was
being perfeeied-the president felt
there should be no opportunity for
a charge That they were receiving in
splfation from business or financial
tenters New that two Of the admin
istration reform house bills are COM
pletcd aud a third Is IN final stage,
the president As said tu feel that an
exchange of thought and information
with captains of industry will be cQus
uuoive TO the business revival he ex-
poets TO see along lines which the
administration holds to he loyal
Henry Ford to Gi4c Views.
Next week Henry Ford. the Detroit
manufactures. VIII confer with the
president aud after that a delegation
from the Chicago Association Of Conn
merce. including representatives of
six corporations with nation wide in-
terests viii come for conference
cut of these exchanges the presi-
dent expects husness men To learn
tha4 lawful enterprises have nothing
10 FEAR from the administration that
the trust program having reached
point whore he fureseos its successful
completion, business shall have the
rest many Of it's leaders have been
asking ana that under the "eonstitu-
ition Of freedom as the president has
ehristened the trust program. com.
mcrce ana finance respecting the
laws. will not be harassed by the fed-
rfai government. ....as-. .... .-
Not known II Morgan Was Invited.
Whether Mr. Morgan came at his
own request or AT the invitation OF the
president was not established That
point often * LEFT In doubt ms to linz
portant White House calls. Officials
aaid AIr Morgan asked for the en-
gagement. Another version was that
mutual friends arranged for Mr. Nor
sun ~ iNlh lnlHHH Nftt H' iNH
men have been acquainted for some
time. Mr.. Morgan knew the president
at Princeton. and the personal ele-
ment IN the call WAS large one.
There was, however, an agreement
that Mr. Wilson should make an an
nouncement concerning the confer
ence. He told nqulrers that the talk
had been a cordial one. largely remi-
niscent. ana that Mr. Morgan ex-
pressed no opinion ON whether bus-
ness was good or bad. The president
added that the attitude OF business
men seemed 70 be growing IN favor Of
the administration trust program.
Whether the conference had cnntrbu.
ted to the conviction was not disclosed,
No Exchange Of Policies
White House officials declared the
president had no thought Of altering
his legislative program. Throughout
the campaign, as Mr. Wilson STYLED It,
for "A malt ia trust bills. which he de-
elared wns The cause of Il "psyehulog-
ical' depression, reports came to the
White House from the business world
that it was believed the president did
not wish TO discuss his policies with
the men vtnllv Interested in them.
White House officials say That inn
preston was wholly inaccurate and
that the presidents only reason for
not consulting business leaders WAS
that white at work upon definite
program he did not wish TO have 10
take The appearance Of having been
While the currency bill
was in passage he declined 10 receive
some members of Mr, MorgAns firm.
Il WAS recalled that aside from James
Spcyer. the banker. the president had
discussed public policies with no other
big men of the business world Mr..
speyer came 20 give the president
some information on Latino American
'inances. Andrew Carnegie and James
lllll have been received At the
White House. bur their visits have
ieen purely personal and Of very
hort Duration
Morgan Declines 60 Talk.
Mr. Morgan ran the ganntiet Of
apr fire of Questions as hc emerged
rom the White House through 4 small
lea Of correspondents.
MY visit With the president was
'ery cordial You VIII have To ask
linn what We talked about, WAS his
csponse to all Questions as he drove
way
Later persistent qnestioner
PRESSED Mr. Morgan a little closer
Mr. Morgan he asked, has the
PRESIDENT sent for YOU and the other
BUSINESS men Of he country or ara
he business men coming here to talk
With him p"
DON'T YOU think we ought to- re-
oined Mr.. Morgan with a suspicion
# emphasis which might be inter-
trcted according to point Of view OF
he interviewer
Nagnatc inrecoguixcd.
The remainder Of the afternoon Mr..
iorgan spent observing what freedom
world figure may enjoy in the capi-
NJ .nl his own onMntrN. Al lmnaheon.