Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-27
BRYAN EXPOUNDS
WILSON'S POLICIES
Predicts Attitude Toward ASH
attic Countries Will Yield
Increased Trade.

NEW YORK, Jan. 27.-President
Wilson's policy toward business and
his proposed legislation affecting
trusts promise lower cost of living
at home and increased international
| trade, William j. Bryan, Secretary of
State, declared in an address before
the American Asiatic Society here
last night Secretary Bryan discussed
the administrators attitude toward
| foreign commerce as reflected by the
| tariff and currency reform measures
| and its policies toward private mo-
nopoly and the Chinese loan ques-
tion. Abiding to- the government
proposed regulation of trusts and the
probable effect, Mr.. Bryan said:
War on Private Monopoly.
1.-THE President has outlined a re-
form whose influence cannot be
bounded by national lines. He has
declared war on private monopoly.
and this means the Investment of
capital that has hitherto been fright
ened away from industrial fields. II
the new policy results in a reduction
| in the size OF corporations that have
| become overgrown it will mean
larger number of independent and
competing enterprises, and this COM
petition will mean better article at
| a lower price,
ut is worth while to inquire
whether monopolization has not nee
essarily resulted in the restriction Of
exports, for the maintenance of alb
normally high prices at home tends
to prevent expectation, the manufac-
| turerS fearing that reduction OF
price abroad might result in the loss
of the advantages enjoyed at home. In
proportion as Industries rest upon
| . ntsif tanr
legislative favor, just in that pro-
portion will they be strengthened for
successful contest with competitive
| industries throughout the world"
Currency to Aid Our Trade.
The authorization OF international
| banks under the currency law will
stimulate our foreign trade in the
Orient and throughout South Amer
lea, Secretary Bryan said, and the
new tariff means a larger information
al commerce, of which "the Orient
will have her share"
The Secretary's discussion of the
Chinese loan was made subsequent
to speech by Willard Straight, pres
ident of the society, who said that
many merchants interpreted the Pres
ident's policy to mean that the Ameri-
can Government would not extend to
our bankers the support which those
familiar with trade conditions in
China consider necessary. "They are
frankly discouraged at our prospects
for future business" Mr.. Straight
said, "for In China, more than in al
most any other, country, perhaps,
trade follows the loan"
In reply, Secretary Bryan said:
1.-The new administration, in with
drawing approval from the Chinese
loan, did not question the good faith
or good intent of those who had seen
in it means of increasing our infiu-
ence, prestige and commercial power
in China. The President believed
that different policy was more con-
sistent with the American position.
and that 1t would in the long run be
more advantageous to our commerce.
1t would not be fair to attribute
falling off In trade, to which refer
ence has been made, to the change in
policy, because the new policy has not
yet had time to bear fruit, even ii
political conditions had been entirely
favorable"
Seeking Orient's Friendship.
Throughout the Orient, the Score
tary said, the President in his poll
cies thus far announced has laid a
broad foundation for the extension
of our trade. He Is cultiavting the
friendship of the people across the
Pacific" Mr.. Bryan continued He
has already spoken word of hope to
the Filipinos They are not a nu-
merous people, and their trade may
not seem so large a prize as the
trade of Japan and China, but the
effect of our nations Philippine pol
icy will be felt throughout the Orient.
A recognition of the rights of the Fill
pinos to work out their own destiny
will strike a responsive chord
wherever the people have feared for
eign influence.
1.-THE people of China have long re.
garded the United States as a friend,
and the attachment has been
strengthened by the prompt recogni-
ton of China's political aspirations.
Although less than a year has elapsed
since the President took oath of Of
flee, he has had an opportunity to
prove to Japan his respect for her
position and achievement and his
friendship for her people"