The Bridgeport evening farmer., 1916-10-16
WILSON IS GREATEST PRESIDENT,
 IN CONSTRUCTIVE LEGISLATION, < EDITOR WALL ST. JOURNAL SAYS
c. M. Bergstresser Points Out How President Has Destroyed Business of Making Laws to Make the Rich Richer.

New York, Oct. 1S-Sincerity of purpose, directed toward the advance ment of the common veal, can come out of the blighting fires of Wall Street, any skepticism to the contrary notwithstanding. A notable case of such rise from the sordid maelstrom of money to the realms of altruistic democracy is that of c. M. Bergstress- et, founder of The Wall Street Jour- nal, and, for many years, editor of that publication.
 A most interesting personality has Mir. Bergstresser, and none is more capable than he to speak with truth and full knowledge of that Republi- can den of predatory privilege-Wall Street.
 A Republican all his life, until the present campaign issues were raised, MT. Bergstresser has become one of the staunchest supporters of President Wilson Why? Let him tell.
 1'Because," MT. Bergstresser said yesterday in an interview, President Wilson stands for an ideal democracy; because he has the courage of true leader, to work for the benefit of all
 
 time. rather than to allow the preda- tory special interests to use the me- chanism of government for picking the pockets of the nation"
 As he said this, MT. Bergstresser' manner breathed the sincerity of his convictions. He is a calm, though forceful, man of middle life, who has earned his spurs in the money mart, and has retired from it. And then he told an interesting story about himself. It was that he had just re- turned to New York from a three months automobile tour, entirely at his own initiative, of the six New Eng land states and the northern part or the Empire State, carrying the Will son doctrine of democracy to the far m~r at his plough. to the smith at his wayside forge, to the mill worker at his shuttle. With Mrs. Bergstresser and his daughter, he has covered four thousand miles. And what he says here is the message of enlightment that he carried into the byways: { 'sWhy am I, a lifelong Republican. now devoting all of my efforts for the reelection of Woodrow Wilson? Be- cause he is the greatest President, in SO far as constructive legislation for the benefit of the whole nation goes. that ever has sat in the White, House. For every month of his incunlbency, at least one constructive measure has been enacted by Congress. Can one do better than that? 4 ~
 'He, has defeated the aristocracy of wealth and fashion-fore which Wall Street, of course, cannot forgive him. He has driven the trust Hobbies out of Washington destroyed the profit able business of moulding laws to make rich men richer, has caused the enactment of measures that give to labor-the bone and sinew of the country-the opportunity to share in the unprecedented prosperity that his wise guidance has brought to all who have a desire to work. The good old days of high-handed robbery, at the expense of the public, have gone let us hope for all time-and, of course, Wall Street doesn't like the change.
 s-s"One measure enacted by the Will son administration that appeals to me as so vital to the small business man throughout the country, and so has proved itself, is the Federal Reserve Act. It has stimulated small business enterprises in all parts of the coun- try, and has equa1ized the interest rate everywhere.
 To-day, the business man anywhere can borrow money at from four tc six per cent. Before this act was ir effect, the same business man had to pay twice that amount, and ther was not certain of his accommoda. tions. claim that the bank reserv. act would have stimulated business and many small manufacturing en terprfses lall over the country, with out the European war.
 Heretofore, the reserves of the country never had been properly mo btlfzed and drifted into the bank or Wall Street. where they have beer under the control of designing men With the use of those reserves. th, money Of the country could be with held easily from the legitimate de znands of business, and used for in, purposes of Wall Street. Today. he cause of our twelve reserve banks. tb, business man may count on the re serves of his section, wherever he ma, De located. The Bank Reserve Ac VIII save us from any financial panic at any time, because the reserves n the nation are now available to al the people.
 What the reserve act has done fo business in general, the rural credit
 measure has done for the farmer. en abiing him to borrow money at hon est rates from his home bank, yastI improving his working condidtions and stimulating the greater preduc ton of crops
 "Also, I am grateful to Presiden Wilson for giving the country the in come tax measure. which places tn burden of expense of government O. the shoulders of those best able t bear it, and who require the greates protection of the government. It i through the income tax measure tba MT. Wilson, in large part, has show to the people that he is in sympath . with the struggle of the masses t establish a more equitable basis c taxation.
 T thank Wilson, too, for keenin us out of war. And he has done fl in my opinion. by patient diplom acy that has cost the nation nothin in honor, and has preserved thousand of lives and billions of dollars H has given us, indeed, the best defini non of democracy in classic languae that this country ever has knowr And in his hands we know that th democracy is safe.
 The Republican party has outlive its usefulness IT. did tha