The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1915-01-30
GOLDEN FUTURE
FOR BUSINESS
IS JUST AHEAD
WILSON.
MAZE Of Interrogation Points"
Which Has Checked Industrial
Growth, Now Removed
DEMOCRATIC REMEDIES
REQUIRE TEST PERIOD
Modern Business Must Have
Public Confidence. Declares
President

1 IAS5AuCut
| WASHINGTON, Jan. ao.-President
Wilson once more voiced his convic-
ton that the United States Is ON the
eve OF an unprecedented era OF pros
pertty, In q, speech delivered before
the convention OF the Electric Rail-
way ASSOCIATION late Friday.
The president outlined the efforts
OF the Democratic congress- TO read
just business conditions through prop
er trust legislation, In order that all
may have an equal chance under fair
competition.
He declared that business for the
last 20 years has been struggling In q
maze OF interrogation points" and
said that test period win be neces.
sary before 1t can be determined
whether the correct remedy has been
applied.
The presidents address. In part. fol-
lows:
1t seems to me that can say with
good deal Of condolences that we are
upon the eve OF new era or enter
prise and OF prosperity. Enterprise
almost 20 years. because men were
sion poins they dia i1 not knos %sat
was going to happen to them. All
sorts Of regulation were proposed. and
sort OF regulation was going to be
made against business as II businsss
that the great majority of business
men were honest. were public-spirited,
were intending the right thing. and
the few did not do what was right
The most necessary thing. therefore.
was for us to agree. as we did by slow
lars OF what ought motto be done and
then to put our laws In such shape as
to correspond with. that general judg !:
msnt I for one. have never dono tee
have never doubted that all America
believed In doing what was fair and
| honest and OF good report. But the
against the small minority that was
recalcitrant against these principles.
was thing that II was difficult to
And il was a very great burden. let
me say. to fall upon particular ad-
ministration OF this goyernment :,
business OF nnai definition. That is
| what has been attempted by the con-
gress now about TO come to close.
which the country had been getting
ready or trying TO get ready for near
ly half generation.
Time the Test.
1t will require a period Of test to
fully defined them or not. but no one
needs to have IL proved to him that 1t
was necessary to define them and re.
uncertainties being common under
, standings are possible and a universal
In the first place. I feel that the
mists and miasmic airs OF suspicion
that have filled the business world
have been blown away. believe that
and have come into the new era Of
confidence. Knowing the elements We
have to deal with. we can deal with
knowledge we can have confidence OF
enterprise. And that enterprise Is GO
ing to mean this: Nobody Is hence
picious Of any business mersiy because
II my Judgment is correct, nobody
merely na YEP because 'i Il was bis but tssy
have been suspicious whenever they
thought that the bigness was being
used to take an unfair advantage. We
big fellow to- take advantage of
you than for little fellow to take
asdysT,tnSs Of you therefore ere we n,
iis little fso% But hf BOND h %Sses
been given for the big fellow, we can
The era of private business in the
sense OF business conducted with the
money OF the partners--f mean OF tho
passed. not only in this country, but
almost anywhere. Therefore. almost
all business has this direct respon-
own Constant as report N to the public Ms
whose money we are constantly ask
ing for In order to conduct the busi-
70 trade not oniy on oxe e enys sS.
not only on the service that we rem
der. but on the confidence that we
Business There new
lungs OF modern business takes in is
the oxygen OF public confidence. and
aAys sat sly shss S1.s Ss and
1 take It that we are in a position
now to come to a common UNDER
mon nnder.tsndink wii be- Snl x. Stable table
basis OF business. and that what We
want for for br; ,,s hereafter is tho
the Individual. The liberty OF the In
dtvidual IL limited with the greatest
sharpness where his actions come into
community he lives In.
There have been times-i will NOT
specify them but there have been
when there were fsvors received from
the managers of the course. when
there were advantages Rfvsn. inside
tracks accorded. practices which
would block the. other runner, rules
which would exclude the amateur who
Se,n Sut 70 ts get IN That nfy Be FREQ
tiality. there IL preferences, there Is
covert advantage taken Of somebody
and while IL looks very well from tho
grnndstand, there are men whom you
can md who were not allowed to get
into the track and test their powers
against the other men who were
racing for the honors of the day.
Equal Chance.
I think IL Is a serviceable figure. II
Barred from contest nos sSSins to
you are big and strong. and you are
not going to be penalixed because you
are big and strong. but you are going
10 be made TO observe the rules or the
, track and not get In anybody's way,
except as you can keep out OF his way
by having more vigor and skin than
manship that ought to get into svsry-
thing. and men who when they get
beaten that way squeal do not deserve
our pity.
Some men are going 60 get beaten
, because they pave pot the. brains:
they have not the Initiative: they have
not the SKIN: they have not the
capacIty that other men have. They
will have to be employees; they will
have 20 be used where they can be
used. We do not need to conceal from
ourselves that there are varieties o.
capacity In the world Some men
have heads. but they are not particu-
Ti< - az ,herefor. Il .,,,,o.. -.