The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-01-27
BRYAN |NTERPRETS
PRESIDENT POLICY
Declares 1t Means a Lower
Cost of Living and In
creased Foreign Trade.

NEW YORK, Jan. 26.-President
Wilson s policy toward business and
his proposed legislation affecting trusts
promise lower cost of living at home
and increased international trade, Will
liam j. Bryan, secretary of state, as
serted in an address before the Amer
lean Asiatic society tonight.
Secretary Bryan discussed the admin
istration s attitude toward foreign COM
merce, as reflected by the tariff and
currency reform measures, and its poll
cies toward private monopoly and the
Chinese loan question. Abiding to the
government proposed regulation of
trusts and the probable effect, Mr.. Bry~
an said:
''The president has outlined reform
the limits of which cannot be bounded
by national lines. He has declared war
on private monopoly and this means the
investment Of capital that has hitherto
been frightened away from industrial
fields. If the new policy results in u
reduction In the number Of corporations
that have become overgrown it will
mean larger number Of competing and
dud luis COul-
petition will mean a better article at
lower price.
sit is worth while to inquire whether
monopoliZatiop has not necessarily re-
suited in the restriction of exports, for
the maintenance of abnormally high
prices at home tends to prevent expor-
tation, the manufacturers fearing that
a reduction Of price abroad night re-
suit in the advantage enjoyed at home.
n fnfi
upon their own merits rather than upon
legislative favor, just in that proper
tion Will they be strengthened for sue
cessful contest with competitive indus
tries throughout the world. /"
The authorization of international
banks under the currency law will slim
ulate foreign trade In the orient and
Bryan said, and the new tariff means a
larger international commerce, of which
''the orient will have her share
The secretary's discussion of the Chi
nese loan was made subsequent to q
speech by Willard Straight, president
of the society, who said many mer-
chants interpreted the president s pol
icy to mean that the American govern
mept would not extend TO bankers the
conditions in China consider necessary.
In reply Secretary Bryan said:
HThe new administration, in with
drawing approval for the Chinese loan,
did not question the good faith or good
intent of those who had seen in it a
means Of increasing our influence, pres
tige and commercial power in China.
The president believed that different
policy was more consistent with the
American position and that it would in
the long run be more advantageous to
our commerce. 1t would not be fair to
attribute falling off in trade, to
which reference has been made, to the
change in policy, because the new pol
icy has not yet had time to bear fruit,
even if political conditions had been
entirely favorable -
President Wilson. the secretary said,
is "cultivatinp the friendship of the
people across the Pacific He has al
ready spoken words Of hope to the Fill
pinos. A recognition Of the rights of
the Filipinos to work out their own des-
tiny will strike responsive chord
wherever the people have feared for
eign influence
Broadly, the presidents IS policies. Mr..
Bryan said, contemplate the growth of
all that is good off, by cultivation
of higher standards Of morals,' the
secretary concluded. "we can assist any
people anywhere TO improve their moral
standards, we shall not be without our
reward.