The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1914-01-23
WILSON GIVES
HIS MESSAGE
TO CONGRESS
Continued from page u

Continued from page u
therefore, is happily, not to hamper
or interfere with business as enlight
ened business men prefer to do it, o.
in any sense to put it under the ban
The antagonism between government
ad business is over. We are nov
about to give expression to the bes
business judgment or America, tt
what we know to be the business con
science and honor of the land
"The government and business mer
are ready to meet each other hal
way in a common effort to square
business methods with both public
opinion and the law.
"The best informed men Of the bus
mess world condemn the methods ant
processes and consequences of monop
oily as We condemn them; and the in
stinctive judgment of the vast ma
jority of business men everywhere
goes with them. We shall now be
their spokesman. That is the rea
strength of our position and the sure
prophecy Of what will ensue when
our reasonable work is done.
when serious contest ends, when
men unite in opinion and purpose
those who are to chage their ways OF
business, joining with those who ask
for the change, it is possible to eff
feet it in the way in which prudent
and thoughtful and patriotic men
would wish to see it brought about
with as few, as slight, as easy and
hIrOI Y1n
possible In the circumstances, moth
ing essential disturbed, nothing torn
up by the roots, no parts rent asundel
which can be leftinwholesome combi
nation.
Fortunately, no measures of
sweeping or novel change are neces
sary. It will be understood that our
object is not to unsettle business No1
anywhere seriously to break its es
tablished courses athwart. On the
contrary, we desire the laws we are
now about to pass to be the bulwarks
and safeguards of industry against
the forces that have disturbed it
What we have to do can be done in
a new spirit, in thoughtful modera
ton without revolution of any untow
ard kind
1--WE are all agreed that private
monopoly is indefensible and intol.
erable,' and our program Is founded
upon that conviction. 1t will be a
but not a radical OF
unacceptable program, and these are
its items, the changes which opinion
deliberately sanctions and for which
business waits
1t waits with acquiescence in the
hrst place, for laws which will effect
lively prohibit and prevent such in,
terlockings Of the personnel of the di.
rectorates of great corporations
banks and railroads, industrial, com.
and public service bodies
as In effect result in making those
VINO borrow and those who lend prac-
tlcally one and the same; those who
sell and those who buy, but the same
persons trading with one another un-
der different names and in different
combinations, and those who affect to
in fact partners and masters
Of some whole field of business.
Sufficient time should be allowed. of
course, in which to effect these
changes Of organization without in
or confusion.
Such a prohibition will work much
more than mere negative good by
correcting the serious evils which
nave arisen, because, for example. the
men who have been the directing spir.
rs OF the great investment banks
nave usurped the place which belongs
% independent industrial manage
nent working in its own behoof. It
VIII bring new men, new energies, a
lew spirit Of initiative, new blood
INTO the management of our great
business enterprises.
1t will open the field of Industrial
development and organization to
scores of men who have been Obliged
o serve when their abilities entitled
hem to direct. It will immensely
learten the young men coming on
md Will greatly enrich the business
activities of the who're country.
In the second place, business men.
IS well as those who direct public af.
airs. recognize, and recognize with
'a1nful clearness, the great harm and
INJUSTICE which has been done to
many, if not all Of the great railroad
ystems of the country, by the way
q which they have been financed and
heir own distinctive interests subor.
mated to the interests of the men
Tho financed them, and of other bus
ness enterprises which those men
7ished to promote. The country is
eady, therefore, to4accept, and ac-
ept with relief as Well as approval, |
law which will confer upon the In