Omaha daily bee., 1916-11-03
WILSON CRITICISES
WALL STREET men
President, in Speech at New
York, Arraigns Business for
Resisting Changes.
SAYS THEY HAVE NO VISION

New York, Nov. president Will
son in an address here today before
the Wilson Business Mems league,
criticised business "for resisting
changes" declared that men in Wall
street had no vision, and that men,
who treat their employees as partners
in their business, were the most pros
porous.
"The amount of genius that ex-
erts itself in resisting changes" said
the president, SIS great indictment.
Brains have been burned out acting as
brakes.
THE real trouble is that American
business has been under the direction
Of too small body of men,"
"Are the people living under condi-
tions which bring about Justice is
question of prime Importance" the
president continued. THE roots of
business lie deep in the daily lives of
the ordinary people. The thing that
has disturbed the thoughts of great
many people is that some men be-
lieve they are being exploited.
See Volcano.
"Now, men who go under the sur
face see things that will have to be
dealt with in vigorous fashion-tbey
see volcano. But ! think this sort
of thing will be relieved and that the
things that are wrong will be made
right. y
we mean when we speak of progress
sive policies"
The president spoke of the "intol-
cradle burdens" some women and
children are carrying.
"Progressiveness," said the presi-
dent, "is constant adjustment of the
conditions of society to the welfare
of mankind. come to suggest to
business men that it is better that this
adjustment go forward rather than
that it be damned up until the dam
is broken and society is overturned.
"The particular conditions upon
which successful, vital business de-
pends," said the president, "are the
conditions which touch the daily life
of the common mass of the people of
the country.
when you think of the ultimate
foundations of business you must
know that you found them in the
conditions of the national life, and
when l think of searching the busi-
ness question to its heart it seems to
me that there are some very large
reckonings which have too often been
left out of the account
Always in Opposition.
81 have been told again and again"
said the president, discussing Wall
street, that it twas a mistake for me
not to try in council on these az
fairs, the men who constitute what
we have agreed to call Wall street.
And | have again and again said this:
If they would come in a spirit of CO.
operation they would be more than
welcome. But they always come in
a spirit of resistance not only, but
advising alterations in the plans which
would defeat the plans. am speak
ing by the book.
This is not generalization. They
have SuDlic genius IOI pTOpOSuiS
seemingly immaterial changes which
would eventually lead to the defeat of
the main objects of the legislation
proposed. Do you wonder that l do
not call them into consultation, and
yet tell you again that they will be
welcomed the moment they come to
cooperate and they will not be well
come until then"
In conclusion the president spoke
of political parties, He declared that
he believed parties are the "only
instrumentaGties by which we can
manage the necessary concert of
united action" He added that he did
not believe in partys used for partisan
purposes.
II hope" said the president, that
every time a party is used for its own,
sake every thoughtful man in the
United States will vote against it.
But if it is trying serve the inter-
ests of the whole people, if it really
has heart that sympathizes with the
whole people, why then it deserves
the confidence of the nation so long
as it is doing that, so long as it is
not seeking guidance from those who
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