Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1914-01-22

THE GREATEST DEMOCRATIC TRIUMPH.
What the democratic party has accomplished has been
done with neither bluff buster There force behind
the passage of the tariff law that far greater than adj
mnistraon nsistence its policies far stronger than the
cracking of the party lash 1t the force of the opinion
the American people, Manifest in the moulding Of that
ing, Uniformed revolt against the old regime into concrete
those two laws the moral force of president
and born leader but Wilson could his
reform craft between the Scyaa of bound reaconares
and the Chab of oty progressvsm had it not been for
the irresistible demands of public will.
Observers of politics have realized this matter what
their party and those nmica to the administration, because
of party affiliations once expressed
the belief that with the passage of these great laws the
party leadership of Wilson would be DONE They have felt
that the nation would unite behind the leader in his
program The republican forces have believed that with
small majority in the senate the president must content him
self with emascuaed measure and the progressves seeing
the telephone trust forward with purpose amend it's
have ered and sneered declaring that the president
antitrust program would result in such enforcement Of the
Sherman antitrust law put the Taft administration the
rocks while big business smiled in it's sleeve But it that
again they are wrong
There is conservative class of business men in this
nation who know of public opinion than the po
whO though they study not swayed by its every
gust whose foresight unquestoned whose conservatism
tried They the bankers of the nation And when the
foremost figures in banking and financial affairs the United
States bowling to the force of public opinion which behind
the first step in President Wilson's antitrust program retire
from the drectoates of their of nterockng corpora
TONS is not because of passing whm 1t is the recognition
of deep seated principle to both business ethics and
democacymust be free to seek its natural channels without
the restrictions of art and arfice
The announcement that }, P. Morgan company had with
draw from the drectoates Of of gigantic
tons and expected to withdraw from Others followed by
that George F. Baker, the next largest figure
American finance would do likewise revolutionary
industrial financial step taken the first great
organized 1t marks the beginning of the end of the financial
domination of this nation by two three little groups of in
eress 1t is the triumph of the economic purpose of real
democracy the free flow of business unrestricted by
cal barriers hitherto permitted by law but which was the
first purpose of the Wilson administrator to shatter
The appalling immensely of these interests which the Nor
gan firm and Mr. Baker have dominated gives the revolution
airy character to their action Mr. Baker director in %
corporations having with their Subsidiaries aggregate
or capitalization of OOO0 and with the power welded
by the First National Bank of New York which he dominates
there added to this $427OOOOOOO The Puo committee
showed that this First National bank represented the
drectoships OF forty corporations of ST. 100000
Even more wonderful is the Morgan influence The mem
bers OF that great banking house hold drecorshps
forty eight of the largest corporations of the nation The
Puo committee found two concerns and the National
CITY bank OF New York held hundred eighteen drecorshps
IN thirty banks and trust companies thirty drecorshs
IN ten insurance companies hundred five rectorsps in
transportation systems sxtythree directorships in
producing trading corporations twenty
dlrecorshs in twelve public utility corporations In all three
hundred forty nine drectorhps hundred twelve
ratlons having aggregate resources or f
$22, 245,OOOOOO '
Such was what the Democratic Pujo Committee found when
started to investigate the called money trust And it's in
designations included corporation under $5OOOOOO al
though these gigantic banking are in tho
directorate OF one hundred fortyeight of these
The Puo committee much blame for what # nm
covered and may be blamed perhaps for what did not I'M
cover but 1t brought the people of the to knowledge
that there did exist tremendous money power affiliated bv
OF merockng directors and provided the facts upon
winch the progressive democratic thinkers were working ont
their anti trust legislation ''
And the big bankers recognized They felt the mise If
people They forecast the effect upon themselves And they
The that Morgan and Baker would
the old policy of nterokng drectorates was at
the greatest tribute to and greatest triumph Of tho nron M
1t recognized the efficiency and honesty Of Mr.
coworkers And it set example to every other
ucn animated interest," powerful moral example even 90 Mr.