Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-01-30
Measures of Lawmakers to
Restore Confidence in Bus
mess Must Undergo Period
of Testing Out,
PROSPERITY SPEECH
BY CHIEF EXECUTIVE
Forest Of Interrogation Points
That Formerly Hampered
Enterprise Has Been Cleared
Away.

terprise and prosperity was voiced to-
day by President Wilson IN a speech
before the convention Of the Ameri-
can Electric Railway association.
Speaking to business men and through
them TO the world of business gen
orally. the president outlined what
the democratic congress has tried 20
accomplish through It's trust legisla-
ton and declared that while a test
period would be required TO deter
mine whether the correct remedy had
been applied. he believed the maze
OF Interrogation points which had
checked enterprise for twenty years
/ had been cleared away.
With a common understanding re-
garding business reached. he said,
I henceforth nobody Is going to be sus-
picious Of any business Just because
it is big. He gave some Of the rules
: Of the games" which he thought ought
TO be followed. heading the list with
publieity-"not doing anything under
cover"
Men should Meet Each Other
4 have always maintained that the
'HfAF veg at NittH tAAA NNAiA
stand one another was by meeting
one another said the president. If
/ believed all that read in the news-
papers. / would not understand any
body. / have met many men whose
horns dropped away the moment |
was permitted 10 examine their char
acter.
1t seems 10 me that I can say with
q good deal Of confidence that we are
upon the eve OF new era Of enter
prise and Of prosperity Enterprise
has been checked IN this country for
almost twenty years because men
were moving amongst a maze of in
terrOgation points They did not
know what was going TO happen 10
them. Ali sorts of regulation were
proposed and il was a matter Of IN
certainty what sort OF regulation was
going 10 be adopted. All sorts Of
charges We're made against business.
as II business were at fault. when
most men knew that the great ma
jority of business men were honest. (
were public spirited. were Intending
the right thing and the many were !.
afraid because the few did not do /
what vas risht.
Business Definition Difficult.
The most necessary thing there .
fore was for us 20 agree. as we dlG 4
by slow stages agree. upon the main (
PARTICULARS Of what ought nor TO be
done and then to put our laws IN
such shape as to correspond with that
IrnraH Snrffe4rfaasaf
never doubted that all America was I
Of one principle. l have never doubt
ed that all American believed in do
ing what was fair and honorable and /
Of good report But the method. the
method of control By law against the [:
small minority that was recalcitrsnt
against these principles was a thing
that it was difficult TO determine
upon. And il vas very great bur
len. let me say TO fall upon par
-lcular administration of this govern
nent to have to undertake practical
y the whole business of final defini-
ion That Is what has been attempted
~ the congress now about to come to
close Il has attempted the definl-
ions for which the country has been
'etting ready or trying to get really
or nearly half a generation.
Test Period Required
1t VIII require a period of test o
determine whether they have success
uIly defined them or not. but no one ]
reeds 10 have Il proved 10 him that
{ was not necessary to define them [
ma remove the uncertainties. and I
nat the uncertainties being removed
ommon UNDERSTANDINGS, are possible
ma a universal cooperation.
In the first place feel that the !
alsts and miasmic airs of suspicion :
hat have filled the business world G
ave now blown away l believe that G
re have passed the era of suspicion
nd have come now into the era Of =
oRiidence knowing the elements we }
ave TO deal with, we can deal with
hem; and with that confidence Of
nowiedge, we can have confidence
{ enterprise. And that enterprise is
Ding 70 mean this: Nobody is henee-
1rih going to be afraid OF or suspi- :
ious Of any business merely because :
is big. !
II my Judgment is correct, no. J
ody has been suspicious Of any bush
ess merely because il was big, but =,
aes have been suspicious whenever !,
aey Thought that the higness was i
ENG used 20 take an unfair adyant- !.
Ee. We an have to admit that it is i
ssier Tor a big fello1 to take adj y
dhtAse q you than for little fell !,
~ 70 take advantase of you: there al
lre' We instinctvely watch the big "a
elbow with a little closer scrutiny
Ian Ne watch the little fellow. But
ond having been given for the big "a
'Aew. We can sleep n,
Responsible TO Public.
The era o. private business. in the re
1sse Of business conducted with the -
loney q the partners-I mean Of "a
Is inanasing partners, is praetlealpl ii,
Assed. not only in this country. but N
most eyerswhere. Therefore. almost ii,
] business has this direct responsi. tds