New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-03-05
BY JOHN W. KERN,
Democratic Leader Of the Senate.

President Wilson's administration
has been thus far ono OK continued
achievement. No President since LIN
coin has been confronted with graVer
or more difficult .roblems. and no oc-
cupant of that high Office in that periou
has addressed himself TO the solution
Of such problems with greater patience
courage, wisdom or patriotism.
lie found system OF national taxa
ton, crystallized in the Payne-AldrIch
tariff law. which had received wellnlgh
universal condemnation at the polls-a
measure which laid the vast burdens of
taxation upon the many who are poor
and practically exempted the few who
possess the bulk of the wealth.
The Underwood Simmons tarih law
has reduced the general burdens OF ma
tional taxation, and by its income tax
feature has compelled the wealth OF
the country TO bear a fair share OF
that burden.
He found a monetary system in ex-
istence through which the money cap
ital Of the country was largely drawn
into the great reserve centre OF the
country; where its control rendered the
great business interests OF the coun-
try at large helpless in time OF iinan-
cial trouble, and at all times absolute
~ dependent upon the will of the hand
full OF big bankers who control ed 1t,
and under which the money supply was
always immobile and uncertain, a sys-
TEN which had been for years de-
nounced as unscientifi: and oppressive
by the best business men or the coun-
try.
The Glass-Owen measure was de-
signed to and will remedy the evils
growing out of the old system. Through
The Federal Reserve banking system
provided, the money OF each section
will remain where it belongs, 10 serve
the demands Of the business of such
section. abundant currency viii be
provided and the legitimate business or
The country emancipated from the con
troll and domination OF the so-called
big fnanciers of the East.
He found business more or less de-
moraliZed by reason OF the spasmodlc
and clumsy attempts Of his predeces-
sors to enforce the provisions OF the
Sherman antitrust law q ,alnst the
monopolies which had so multiplied un-
der the Republican protective system
the interpretations pat upon the Sher'
man law having become 80 conflicting
that the dividing line between lawful
and unlawful business could no longer
be distinguished. The federal trade
commission act, proposed as an ad-
ministration measure and adopted by n
vote largely non-partisan, VIII clarity
the business situation and liable leglt-
innate business to pursue Its course
without fear OF molestation, while at
the same time striking down and weed
ing out monopoly.
President Wilson has met the dim
cultes growing out of the worldwide
war with rare tact, wisdom and AFFINITY
international complications never be
fore existing confront him day by day,
and the patience and skill which marx
his dealing with them command the ad-
miration of all The problem of deal
ing with these great perplexlng CUES
tions at a time when the world IS war
mad" in such a way as to maintain the
national honor and peace with the
void is being solve by him to the
satisfaction of the people whose love OF
peace is intensified as they view the
horrors of the greatest war the world
has ever known.
Many other great governmental prob,
lens have been presented to him, and
they multiply day by day as the times
grow more troublous. He is dealing
with them in such way Is to please
the American people and convince them
that they made no mistake in the cleo
ton of Woodrow Wilson.