The daily sentinel., 1914-01-20
Ready Now TO Write Additional
Articles Of Constitution of
Peace.
MORE POWER OVER RAILROADS
Government to Meet big Business"
Half Way.-Interlockin Direc-
torates to he lfaired.-Au-
thorize Suits Against
Combinations.
Associated Press.

Washington ID. c.. Jan. 60
President Wilson personally laid be-
fore joint session of congress to-
day the fundamental principles of the
democratic administration pro-
gram for dealing with trusts and
big business" The President pre-
sented the case, he said "as 1t lies
in the thought of the country" reit-
Grating that private monopoly is
indefensible and intolerable' and de-
claring that conscientious business
men throughout the nation would
not be satisfied until practices now
deprecated by public opinion as re-
straints of trade and commerce were
corrected.
We are now about to write the
additional articles of our constitu-
tion of peace" said the President.
the peare that is honor and free
dom and prosrerisy" ~
Besides suggesting the scope of
legislation, the President made a
personal appeal for an atmosphere
of friendliness and cooperation in
congress, while handling the prob
lem.
The antagonism,' he said. be
tween business and government Is
over. We are now about to give ex-
preston to the best Judgment of
America, to what we know to be the
business conscience and honor of the
land. The government and business
men are ready to meet each other
half way in common effort to
square business methods with both
public opinion and the law
The President spoke as follows:
Gentlemen of the Congress:
In my report on the state of
Union which ! had the privilege of
reading to you on the End of Decem-
Der last. l yentured to reserve for
discussion at a later date the sub
ject of additional legislation regard
ing the very difficult and intricate
matter of trusts and monopolies
The time now seems opportune to
turn to that great question; not on
ly because the currency legislation
which absorbed your attention and
the attention of the country in De-
cember, is now disposed of. but also
because of opinion seems to be clear
ing UP with singular rapidity
in the great field of action. In the
matter OF the currency it cleared
suddenly and very happily after the
much-debated act was passed: in re-
spect to the monopolies which have
multiplied about us and in regard to
the various means by which they
have been organized and maintained,
it seems to be coming to clear and
all but universal agreement in antic-
ipation of our action, as II by way
of preparationa making the way
easier to see AMI easier to set out
with confidence and without confu-
sion of counsel.
Era of GooS Feeling.
Legislation hasA its atmosphere
like everything else and the atmos-
phere of a convention and mutual
understanding which We now breathe
with so much refresiment is a
matter of sincere consolidation. 1t
ought to make our task very much
less difficult and embarrassing than
it would have had we beea Obliged
to continue to act amidst the atmos-
phere of suspicion and antagonism
which has so long made 1t impossi-
BILE to approach such questions with
dispassionate deftness. Instructive
legislation, when successful. s al
ways the embodiment of convincing
experience and of the mature pub
lie opinion which finally springs out
of that experience. Legislation 8 a
business of Interpretation, not OF pr
ganization, and 1t is now plain what
the opinion is to which we must giNe
effect in this matter. 1t is not re
cent or hasty opinion. 1t springA
out of the experience Of a. whole
generation. 1t has clarified itseli
by long contest and those who foI
a long time battled with it anc
sought to change it are now frankl,
and honorably yielding to it ant
seeking to conform their actions tt
it.
"The great business men who or
ganized and financed monopoly ant
those who administered it in actua
every day transactions have year al
ter year. until now. either denied IL
existence or justified 1t as necessary
for the effective maintenance snc
development Of the vast BUSINESS