The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1914-01-27
WILSON PRAISED
BY VAN ANTWERP
Speaks of Era of Cooperation of
Wall Street and Nation.
ATTACKS MONEY TRUST.
Findings of House Committee Fea-
ture of Address Before Assem-
bly, of Bankers.


Washington, Jan. 24.-Praise OF
president Wilson's trust message
condemnation of popular attacks on
the New York Stock Exchange. and
an attack on finding of the house
committee Of the last congress which
investigated the so-called money
trust, We're features of an address
mere tonight before an assembly of
local bankers by William G. Van Ant
Werp, one of the governors of the ey-
change, and a student of ccouom-
lcf. lie bespoke am era of coopcra-
ton between financial powers of Wall
iruyt and the nation.
when the president of this coun-
try speaks OF the atmosphere of ac-
commodatiOu and mutual understands
ing when he dWclls in loving kind
n"sS ON terms of honorable surren-
der, when he tells us the "anta-
gonlSm between business and govern
ment is over; when he speaks of
heartening the men coming on
when he tells us the constitution of
peace is honor and freedom and pro-
sperity; when the head OF this govern
ment whom we once thought to be
speaking in the platitudes OF his pre-
decessors, but whom we know to be
speaking in words burning with vital
ity says these things, is he not voicing
mandate for fair for aHruism and
for righteouness?
RIGHTEOUSNESS EXALTED.
"Heresies and schisms come and
go; man-made laws appear and dis
appear; but the human heart does
not change and in the last analysis
we come to know that only righteous
N gnl tnf
stock exchange, intend to live by it
through the years. and some day
mark my words-this great market
place will earn the admiration and
respect of the whole people.
eve are determined to show our
critics by our deeds that the stock
exchange means something vital and
vitali2ing i'm America that il is an
important adjunct of Wall street
a broad highway from ocean to ocean
doing its utmost TO meet the needs of
a happy and prosperous land"
Mr.. Van Antwerp attacked the
money trust committees interpreta-
tion of figures showing loans of New
York banks on stock exchange collat-
eral and declared that actually the
amounts of New York money loaned
to the country at large far exceeded
loans on stock.
"INCALCULABLE HARM DONE"
THE harm done by these random
and misleading implications is meal
culable, but imaginative business men
who accept such statements as au-
thoritative should be told plainly the
facts" said he. The New York
Stock Exchange today is conducted
on a higher plane of ethical bust
ness standards than any business in
America or any profession in Amer
lea, bar none. There are men in
New York and l have no doubt in
Washington also, who, whenever a
new proposition comes out OF the
south or west, condemn It as IRA
tional and visionary without giving
thought to the emergency which gave
il birth.
Can we, OF New York and the
east, obstinately refuse to adopt our
course to new and ever-changing
countrywide conditions? Before we
appeal TO our critics in the west and
south for sanity and clear thinking in
our own affairs, we must emancipate
ourselves from whatever is local,
provincial and selfish. We must put
away the isolated, detached and mar
row view when occasion demands and
steer our ship toward the broad hor1-
zon OF America"