Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1914-02-19
GRANGEVILIE. IDAHO, THURSDAY, FEBRUARY 19, 1914
HAVE KEPT THE FAITH.

forms three great branches of achievement revision
with coordinate the income tax currency and
banking reform and the reimbursement of business compe
tive conditions consequent elimination of trusts and mono
poes and represented by the presidents message OF January
GOTH and by the process of industrial and commercial reagn
ment going and far advanced toward complexion OBJ
serves the National Monthly.
How comprehensive is the accomplished, cannot be
better illustrated than by the fact that the legislation
in large auxiliary to what has already been done
The adce of democratic achievement is reared What re-
mains to do is but to affix the pinnacle.
Monopoly received its mortal wound when the president
and the democratic congress fulfilled their pledge by driving
out the parent of monopoly tariff extoron and establishing
the parent of competition, tariff reform
natoninclusve equation of the business problem was
solved when President Wilson and the democracy again
deemed their plghted word by reformation Of the
and unknown quantity of peculiar difficulty cancelled
business began make response to the
administration measures of the universal good
The third great branch Of redemption Of democratic pedg
the enforcement of the existing law against trusts and
monopoe the first really effective enforcement of the exist
ing law against trusts and monopoe the first really effective
enforcement this country has known and the presidents
pan the efficiency of the law set forth in his
recent message President Wilson's gift of exact estimate of
each situations by which he confronted
again exemped in his program of anti legislation The
task now to crystalline into supplementary law what has al
ready been anticipated by the president and the attorney
general their enforcement of the Sherman act and by the
universal trend of public opinion.
Coincdent with, closely following upon, the passing
and signing of the currency BILL series Of memorable
events which, in with the bill ITSELF and the
the subject represent President Wilson's solution of
the problem of big business in its relations to the law
The essodes form group Their connection in logic,
is manifest their papabe association in point Of time
They all contribute toward mutual object and each of them
must be read in the light of all the rest.
The first of these events proceeding in the order of te
the reception Of the currency law by the people
at large and by the business community It evident from
the moment when the differences the form which the
financial legislation should finally assume, adjusted and
it became certainty that the ratification of the admnisa
would
senate that tidal wave of inauguration and encouragement
was sweeping over the country.
1t recognized that positive and satisfactory
was now to be given to question which magnitude and far
reaching effects ranked with the tariff ISSUE This feeling
confirmed and emphasized when the bill passed
has steadily extended and accenuaed itself since In
banking circles the gauntlet the currency had rum
during its nceptve stages has given place acceptance
the law and to earnest disposition to cooperate with
the president in putting in operation With the nvestiga
ton of the subject accompanying the formulation of the law
the successive periods of its evolution bankers realize
that the points wherein authorities varied after ALL only
ncidenas Of mehodthat they did not effect substanals
The country Of mind the faith that the currency
tenn must be reformed This essential harmony solid
m underlying all the surface differences of opinion nsepara
BILE from discussion of great opcurnshed the keynote
OF the situation as the currency legislation approached its
summation, and furnishes it now.
At the time with the adoption of the currency law,
the of the settlement of the issues between the
government and the American Telephone and Telegraph Com
pany without litigation basis of strict governmental
maintenance of the law against monopoe and
corporate interests concerned
1t is impossible to overestmate the impetus public
confidence and to business enterprise given by this vigorous
assertion OF the the law by the president and the
department of justice and the compliance without struggle
by the telephone and telegraph corporation With the
aneousness OF revelation dawned the country that way
had been found to protect the peoples welfare and maintain
the rights of competitive enterprise, without disruption Of
prosperity 1t equally clear that big business coming
to recognize that its and only path progress not in
hson with the law, but in obedience to it.
The effect OF the passage and signature of cur
law and of the telephone and telegraph reimbursement
instantly in the buoyancy Of the securities market
Immediately consequent the dngs Of these events The in
in -