South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-11-03
WALL STREET IS
PLACED ON GRILL
President Says 1t is Very
Adept in EnVOlving Ways
to Beat Legislation.

NEW YORK. Nov. 3.-Pres't VIII
son addressing a gathering OF busi-
ness men from all parts Of the coun-
try al luncheon here Thursday.
declared that "ths men who consti-
tute what we have agreed to call
wall street have a subtle genius
for promising seemingly immaterial
changes when called into consulta-
ton concerning the affairs or the
country which would eventually lead
TO the defeat Of the object OF the
legislation proposed
DO you remember" said the pres
ident. that I do not call them into
consultation. and yet 7 tell you again
that they VIII bee welcome the mo-
ment they come TO cooperate. and
they viii not be welcome until them
The president assured his audience
that the business interests of the
country had been safeguarded under
his administration and would con-
tinue 10 be IL ne Is reelected.
Gets Continuous Ovation.
From the time of his arrival here
from Buffalo Thursday morning, the
president was given an almost con-
tinuous ovation. Large crowds. in
Guiding many railroad employees,
cheered him as he stepped from his
private train at the Grand Central
terminal Accompanied by Mrs. Will
son and the other members of his
party the president was driven 20
the presidential y ~ MayhoWer.
anchored Off the New York Yacht
club at the foot of r. 23rd ST He
remained there until 1880. when he
let for the luncheon given in his
honor by the Wilson Business Mems
league. Crowds again lined the
streets and cheered the president and
Mrs. Wilson. Afterward. the presi-
dent visited democratic headquar-
ters
Among the guests at the luncheon
to greet the president were James w.
Gerard. American ambassador To
Germany; Gov. Fielder OF New Jer-
sey. John NJ. Rick. president of the
National Democratic club: jacob
Schiff; Secretary of the Treasury Nc
Adoo; United states sens Hughes OF
New Jersey and James Of Kentucky;
Chairman Vance Mccormick of the
democratic national committee and
Col Edward f. House
The appearance Of Mrs. Wilson
and the other ladies of the presiden-
tial party, like that OF the president,
was the occasion of much applause.
AS Mr. Wilson took his seat one of
the diners shouted:
Three cheers for Wilso... the pro-
gressive! Instantly the crowd was in
an uproar hurting their napkins into
the air and cheering again.
I'm his speech, the president said
in part.
Defines Business.
we are living i'm a very serious
period OF the worlds history. and
therefore it seems 10 me especially
incumbent upon us. that we should.
SO far as possible, search every
question 20 the heart. And when /
think of searching the business
question TO the heart il seems to me
that there are-sOme very large reck-
onings. which have too often been
left out of the account.
business is not a matter OF or
ganizing genius. Business is not
wholly a matter Of financial initia-
tive. Business does not altogether
consist or seeing the opportunity and
trying 10 avail yourself of IT, IL con-
sists i'm having deep sources OF
strength 20 draw from: and the only
sources OF strength for business. as
for government are TO be found in
the general body of the people. Are
they content
a people not contented does not