Fergus County Democrat., 1916-10-05
WILSON ADDRESSES DEMOCRATS
Continued From Page Two.)


what we wanted from the Aldrich re-
port, but that We could not take the
heart out of it, We so absolutely al.
tered the heart that Senator Aldrich
himself denounced the thing that we
produced.
The hand is the hand OF l,ssau, but
the heart is the heart of Jacob. and
that heart is the heart of the demo
cratic party, the control by rcpresen-
tatives Of the people for the things
that concern the whole people.
There was universal hostilit y
among bankers to the adoption Of the
present system. and all OF that oppo
sition had its impulse from that cen
trail group which knew that they
were going to lose their grip on Il,
treasury of the United States.
They are perfectly content 10 TAKE
over the federal trade commission
provided they can select the cOmmir
sioners and suggest whom they shan
consult. They are perfectly willina
can determine before hand what its
conclusions are going to be by deter
mining the quality and anteccdcnts
Of the men who compose it,
For example, if you want CERTAIN
things to happen, select the most cmi
nent, it may be the most honest, cor
pOration lawyer in the country ant
put him on the supreme court. His
character is not going to fail you
He may have as good character as any
man who ever lived, but his training
is going to determine everything that
he sees You do not have to do these
things corruptly; you only have to dc
them astutely.
Similarly they would be perfectly
willing to control the board which
is to govern the rural credits system
They will be perfectly content to ap
point the board that is to contro
tho development of The merchant MA
rine aud The regulation 81 marin,
charges IN the pHYiapea ct freight OF
high scaa The Only thine liiat make.
them uneasy Is ihai democradg shouIt
be Running these things,
"tnlil the present administration
Wall street controlled lhp actions o
thc treasury Of tho initcd states
du no, like thnsg words Wall street
because thcre are some men ii NHl
S,ree. Who have visions, th,te ara
some men who sre Things largely alt
see th"m triln here are some mel
with fine staieamahiitt gifts und III
not include ffant tul the main otfi
tude oI WaI Street IS not given /.
il by thcm Wl"n ! Say 'Wall Street
] mean some parts of Wall Street; ant
leave; you to select the parts Wal
Street, thus selected, formerly con
trolled the treasury of the Unitet
States. 1t even had a desk in th'
treasury department.
MANY of these gentlemen honcstl.
believe that they only understand tn,
interests of the country and they wer
generally uneasy to see the treasur
conducted without their consent
Again and again | have received int
nations from these quarters durin
the last three and half years tina
| they would very much like to be cor
| suited and have invariably said
| these gentlemen have anv advice t
give | shall be pleased To receive |,
All they do is to ask to see me an,
tell me in the frankest way like an
other American citizen what the
think ought to he done But they wan
ed to be sent for and thew wante
to he reasonably certain before the
went that their advice would be taker
st has been interesting and it ha
been very amusing that any set I
men should think they knew what til
interests of the country demanded an
nobody else did. So that they woul
not volunteer to come, we have mad
shift to conduct the treasury of tn
/ United States without their asSistanc,
And it must surprise them in thei
private thoughts to have to admit tina
it has been better conducted than eve
before in our generation; more sn,
cessfully asl a business administratio
and infinitely more helpful to the &c,
eral body of the American pcoptl
Such assistance as the treasury ul I'll
United States can legitimatcly cxpan
In times of financial stress used a
ways to be extended to Wall street
Nov ii is extended to the cOuntr!
1T was no doubt shocking to see III
money deposited in country banks an
not in Wall street, but the COUNT
banks knew how to use it and the
were very much nearer the gree
masses of the people who need it tha
were the great depOsitaries of iinal
cial sources in New York. woul
not have you consider me prejudice
against any city. The great city ,
New York is one of the vital par
of the United States, but the city
New York does not consist of the &c
tlemen in Wall street.
/. "They used to be able to do a gre