The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1914-07-01
FAITH IN FUTURE
NEW CHARTER OF FREEDOM TO
CAUSE BUSINESS BOOM
wilson IS OPTIMISTIC

President Pledges Efforts to Bring
| Antitrust Program Through
When Certainty Takes Place of
Agitation Commercial Relations
Will Regain Confidence.
Under new constitution of free
DOM for business, given by anti
trust legislation soon to be passed
by congress, President Wilson Thurs
day promised the country the great
est business boom in it's history. This
was the presidents final answer to
opponents of trust legislation at this
session Of congress and to prophets
lof evil times, delivered with deter
mined expresson and every work en-
phasized with clinched fists.
eve know what we are doing"
said Mr.. Wilson; eve purpose to do
| it under the advice of men who un-
derstand the business of the coun-
try, and we know that the effect is
going to be exactly what the effect
of the currency reform was, a sense
of relief and security"
| The president spoke to group of
Virginia editors at the White House
lbut his assurances were intended for
the country. There was every indi-
cation that the speech was meant
to be one of the most important Of
the administration.
'I think it is appropriate, in re-
ceiving you the president said, "to
say just a word or two in assistance
of your judgment about existing con-
Editions. You are largely responsible
for the state of public opinion. You
furnish the public with information
and in your editorials you furnish it
with the Interpretation of that in
formation. We are in the presence
of a business situation which is va
riously interpreted. Here in Wash
Iington, through instrumentalities
that are at our disposal, and through,
a correspondence which comes in to
US from all parts of the nation, we
are perhaps in position to judge of
the actual conditions of business bet
ter than those can judge who are at
any other single point in the coun-
try; and want to say to you that as
matter of fact the signs Of a very
lstrong business revival are becoming
imore and more evident from day to
day.
eI want to suggest this to you:
Business has been in feverish and
apprehensive condition in this coun-
try for more than ten years; I will
lnot stop to point out the time at
which it began to be apprehensive
but during more than ten years busi-
mess has been the object of sharp
criticism in the United States, a crit
icism growing in volume and grow
ling in particularly; and as natural
consequence, as the volume Of criti-
cism has increased, business has
grown more and more anxious. Bus
illness men have acted as some men do
who fear they will have to undergo
an operation. and who are not sure
that when they get on the table the
operation will not be capital opera
ton. As matter of fact, as the
diagnosis has progressed, it has be-
come more and more evident that no
capital operation was necessary; that
at the most a minor operation was
necessary to remove admitted dis
ltempers and evils. The treatment is
to be constitutional rather than sur
gical, affecting habits Of life and
action which have been hurtful. For
on all hands it is admitted that there
are processes Of business in this
country which ought to be corrected,
but the correction has been postpoH-
ed and in proportion to the post
lponement the fever has increased
the fever of apprehension.
"There is nothing more fatal to
business than to be kept guessing
from month to month and from year
to year whether something serious is
going to happen to it or not. 1t is
impossible to forecast the prospects
of any line of business unless you
know what the year is going to bring
forth. Nothing is more unfair, moth
ling has been declared by business
lmen to be more harmful, than to
keep them guessing.
"The guessing went on, the air was
full of Interrogation points, for ten
years and more. Then came an ad-
lministration which for the first time
mad a definite program Of construc-
tive correction of admitted evil. And
the administration proceeded to car
ry out this program.
First, there was the tariff, and
business shivered. But when the
tariff had been passed IL was 1ouno
that the readjustment was possible
without any serious disturbance
whatever.
"Then came the currency reform
You remember with what resistance
with what criticism, with what sys-
tematic holding back, a large body
of bankers in this country met the
proposals of that reform, and you
know how, Immediately after its pas
sage, they recognized its benefits and
it's benefcence and how ever since
the passage of that reform bankers
throughout the United States have
been congratulating themselves that
lit was possible to carry this great re-
form in sensible lines.
"Then we advanced to the trust
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