Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-07-11
President Defends
Democratic Partty as
Friend of Business
looking backward and tho other man
is looking forward
CONDITIONS or BUSINESS
SHOW CONSTANT CHANGES

The conditions of business change
with every generation; change with
every decade; are now changing at
almost GREATNESS pace, and the men
VINO have made good arc not feeling
the tides as the other men arc feel
ing them. The men who have got into
the position of captaincy, unless they
arc Of unusual fiber unless they are
of unusually catholic sympathy. unless
they have continued to touch shoulders
with the ranks, unless they have con-
iinued TO keep close communion with
the men they are employing and the
young men they are bringing up as
their assistants, do not belong TO the
struggle in which we should sec that
every unreasonable obstacle is re-
moved and every reasonable helm ar-
forded that public policy can afford
So invite your thoughts in what [
sincerely believe to be an entirely non
partisan spirit to tho Democracy Of
Business
An act was recently passed in Con-
gress that some Of the most intelligent
business men of this country earnestly
opposed. men whose character
trusted men whose integrity abso-
lutcly believed in. refer to tho Fed
eral reserve act, by which We intended
and succeeded in, taking credit out OF
the control of small number OF men
and making IL availa BILE to everybody
who had real commercial assets. and
the very men who opposed that act.
and opposed ii conscientiously, now
admit that it saved the country from
a n IL ". I,r ctr nf r
came OH, and that it is the salvation
in the midst Of the tides that | have
been trying 10 describe
What does that mean, gentlemen?
1t means that YOU can get Il settled
point of view and can conscientiously
oppose progress il YOU do not need
progress yourself. That is what it
means. am not impusnins the in
telligcnce even OF the men who op-
posed these things. because the same
thing happens TO every man if he is not
OF extraordinary makeup. that he can
not sec tho necessity for a thing that
hc does not himself need. When YOU
have abundant credit ana control OF
credit. YOU. Of course. do not need that
the area OF credit should he hroadcncd.
NJ, SdN lnLt inc suspicion Is deg
ming TO dawn in many quarters that
,hc average man knows the business
necessities OF the country just as we'll
as the extraordinary man does. he
IcNo in the ordinary man. II I did
not hclicvc In the ordinary man,
would move ont OF a democracy and,
Il | could find II decent monarchy,
would live in il. The very conception
of America is based upon the validity
of the Judgments OF the average man.
and | call YOU tC witness that there
have not been many cataStrophes i'm
American history. ! call YOU To wit
ness that tho average judgments OF the
voters OF the United States have been
sound Judgments. | call YOU Ia wit
ness that this great impulse of the
common opinion has been a lifting i'm
pulse, and not depressing impulse.
FEW CANNOT DETERMINE
INTERESTS or MANY
: what is the object OF associations
like that which is gathered here to.
day. this Salcsmanship Congress-? The
moral OF II is that u few men cannot
determine the interests OF II large hody
of mon. aud the only way to determine
and advance them is to have n repre-
sentative assembly chosen BY them
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