The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-04
What MIR. wilson Might Have Said

What Mr.. Wilson Might Have Said.
Reputation Of political responsible.
ity for the continued impairment OF
business confidence does not become an
Administration which is supposed to
have convictions and the courage of
them. Suppose that instead OF seeking to
avoid the imputation of the persistent
depression Of business to political
causes President WILSON had accepted
II and instead of discoursing meta.
physically about the trade and indus
trial outlook had uttered himself as
follows:
without admitting that diminished
enterprise, Shrunken profits and de-
creaslng employment of labor are
wholly attributable to the transfer OF
Government Ia the Democratic party,
OF which | am the leader. the party
has no desire TO minimize It's share
In bringing about or perpetuating the
conditions described. 1t was to be ,eX.
pccted that business disturbance and
depression would attend the alterations
in the statutory circumstances Of bust
ness cndeavor to which the party felt
itself committed. | conceive that the
country voted for extensive changes
in the lines Of business legality and In
the legal basis Of business, and disturb
ance and depression are the price which
had to be paid for the change
when this Administration entered
Ofiice II did so without pretending that
II proposed 10 consult men OF affairs
From the time of my inauguration until
now the Administration has endeav-
ored 10 avoid citizens whose practical
experience might faint the policies
which 1t had in view. BY placing Mr.
BRYAN in the first office in my Cabinet
I gave notice that the stone which the
business builders had rejected three
times had become the head Of the cor,
ner. and to the terms Of this notice
have endeavored strictly To adhere.
ut Is true that the Democratic party
assembled to power by n minority vote
and that the Administration Is. histori.
cally speaking. an accident. Neverthe
less we had a conjectural mandate
from the people to perform certain
operations on the business body, and
Mr.. BRYAN will bear witness to the
ideal fashion in which we have tried tC
discharge our duty.
"Almost the first undertaking OF tn,
Administration was to annihilate dol
lar diplomacy. In all other civilized
countries statccraft Is the auxiliar,
and ally Of foreign commerce. but a
the very beginning my Administration
established II divorce between the for
eign policy of the United States ant
exploitation Of the worlds markets.
1.-THE countrys banking and none
tary system called for reform and w
have reformed II altogether. COntro
Of the financial machinery has beer
politically vested 81 that the direction
Of the money market shall not be In tn,
lands of the banking custodians o
H-91it and capital, as It Is I'm other les
progressive nations. Financial rcvolu
tIon compcls rendJustlnenrs by husl
ness hut business was already forcet
10 make fresh adaptations by tn
wholesale transformation of It's tariff
environment.
-. will be- agreed, ! am sure, tina
rho country had declared It's wish 10
Lover protective tariff, and II vii
be- conceded that the Administration
'Arii' bin was no halfway measure
Nhi' We were about II we took occa
sion to enact. IN the income tax law
a piece of class legislation whic
pointed The way to further ameloratio
Of the Inequalities Of human fortune
ms in the grant Of special privilege I
labor unions and agricultural socletle
70 consider themselves exempt froi
me prohibitions against monopollstl
conspracles drcreed for merchants an
manufacturers.
Il might add that the \dmnistri
ton il determined 10 place on the sta
nte books the pending programme {
laws for the disruption OF corporal
relations and the reduction Of corpora