The Bridgeport evening farmer., 1916-10-25
BANKER AND BIG
 TOBACCO DEALER ENDORSES WILSON
Maloney Wants to Know ] Would Hughes Abolish | Trade Commission

New York, Oct. 25.-Thomas J. Maloney, representing as president and director tobacco, manufacturing and banking interests doing a busi- ness of s200,000,00O a year, will sup port President Wilson for reelection. He says the President has done more for business than any executive he can recall.
 Until recently, MT. Maloney was a director in IT companies, including three banks. and for years was Vice. President of the American Tobacco Company. He is now President of one of the oldest and best known tobacco companies in the United States l3 t-tsr
 President Wilson has done more for the business men of the country than any President we have had in my time." said MT. Maloney.
 'The problem of keeping our pros perity and increasing it will be a big problem. but not an impossible one. President Wilson is the man who should be trusted to solve it, because to my thinking, he is by all odds the greatest man we have to-day, and one of the most able men the country has produced. I speak from an exper- es tion with my associates in tobacco and financial interests, and I want to say that, taking up the Federal Trade Commission for example, there is among those with whom I come in contact an almost unanimous con- ,currence of belief that this Commis- sion is doing work of vast importance and in a masterly way.
 -.-The; work of keeping our pros perity and increasing it so enormous ly as to make any thought of attack ridiculous must be done by the powerful, thinking men Of the United States. One of the ways in which it can be done is well illustated in the operations of the Federal Trade Com mission. This Commission is helping us to establish just relations between business and government. It is aid ing the development of thousands of smaller enterprises by giving them practical .tnformation of the highest value. '
 ."It seems to me that it is pertinent to inquire of MT. Hughes whether, having the opportunity to do so, he would discontinue this Federal Trade Commission. Would MT. Hughes care to say to the business men of the country at this time that he is in favor of going back to the old con- dition' under which single commis- sioner of Corporations. a political ap- pointee changing with each admins tration, would again be entrusted with the enormous power of regulat ing the entire business of the coun- try?
 .'.Also. as director in three banking institutions. I have constantly met with nothing but praise from bankers for the Federal Reserve Act Here we have a piece of Wilson legislation that sinsures the country against panics. The smaller business man must certainly be in favor of it, for it has enabled the big intitutions to extend credit to the deserving smaller business man as it hitherto has been available to the largest business men, exclusively. Do the Republicans want to repeal the Federal Reserve Act?
 "Our financial and industrial situa- ton is in itself something wholly un- precedented in economic history. The fact is undisputed that, measured by the usual criteria of financial or in- dustrial prosperity-exchange of bank checks at the clearing house, gold importation, production of iron anc steel, surplus reserves in banks, grain production, export of merchan- disc, railway earnings-the country has been moving forward on the crest of a wave of all but unparalleled prosperity The wealth which the American community has accumulat- ed. as a result of it's individual good fortune remains a tangible fact"
 Touching on the soundness of the financial situation in this country and it's relation to the war, MT. Maloney scid:
 Students of such matters assert that the soundness of a country's f. nancial situation, the prospect for it's continued soundness. are usually 1n- dicated by the ability and willingness of investors to put their money into the investment securities of that country-especialfy stocks or bonds of its railway companies. whose fu- ture earning power will depend ne- cessarily on the countrys trade pros- perity. Judged by that test alone, the present situation is striking.
 "The statistics show that the sale in the American markets, during 1915, of not less than a thousand million dollars of Ameyican securities