The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1914-07-11
Wilson'S New Program

Nothing that President Wilson has done since he wa elected chief
magistrate of the country has excited is much comment as his recent
conference with J. P. Morgan and his announced intention of calling
into conference other men prominent in financial and business affairs. In
view of the present psychological depression there arr many persons
who believe it would have been well if the president had got busy along
this line early in his administration. Since the passage of the tariff
law, the placing of a new banking system on the statute books and his
avowed intention to press to enactment his antitrust program, many
thinking men cannot understand what good it will do to seek expert
advice now. However, the whole country is willing to "watchfuny
wait as long as it an stand the strain.
TIL, fact that the president called into council a man of the type Of
J. 2. Morgan has, however, amazed a great many people. 1t would
seem that Wilson could have picked out some man from Wall street in
whom the people would have had more confidence. Morgan is a young
man who until recent years lived in London where he had charge of his
fathers English banking house. He probably knows less about the
American people than many foreigners, but he was selected by the presi-
dent to represent the financial interests of the United States in this
series OF belated conferences. AS said before, the people will watchfuly
await the outcome. In this connection one exchange says:
But the most unfortunate circumstance in the matter is that
President Wilson has waited SO long before consulting men of
prominence i'll the business world. He janmed the tariff law
through and never talked to a manufacturer, lest he be swerved from
his purpose in fact, it was known in Washington that a man whose
business might be affected by the tariff and who therefore ought to
be permitted to say a word was regarded with suspicion. He was
selfish because he wanted to save his business, and therefore he
was not consulted. So, too, with respect to the banking and cur
rency bill There was very little consultation of real bankers; most
OF the work was done by political bankers in congress, with pre-
conceived notions OF what such a law should be.
Still another exchange, in commenting on the matter, says:
That which is most striking about the whole affair is the adms-
sion that the president has kept aloof from a certain portion of the
countryis citizenship, namely, the representatives of huge property.
We think Mr.. Wilson acknowledges al unnecessary fear of pub
lie reproach. The president of the United States should be above
the suggestion of unpatriotc influence upon his deliberations.
Moreover, there is room for the assumption that the president holds
himself to be the chief law-giver of the nation, instead of the adj
ministrator of the powers conferred upon him.
The president has designated the pending trust bills Is the "consti
tuition of freedom and he has o several occasions predicted a huge
business revival as the result OF the legislation he has been successful II
forcing congress to enact. 1t is possible that Mr.. Wilson expects to
establish confidence in his administration at this time by calling sue
cessful business men and fnanuers into conference at the White House