South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-02-27
An Estimate OF The Outgoing Presidents Administrative Accomp

No wonder contemporary estimates OF leaders are
unsound II IS not only the controversy the under
brush around us prevents fair estimate. More
important perhaps Is the dependence OF mans fame
events stil womb Of time. The records OF
and OF Grant. OF Lincoln and Of Jefferson Davis
UP /. 1888. what they were. Yet II the
next year had told story all these characters
today would a different Prest aiAsaryk and
Minister Benes will historic characters IN decades
after they are dead echo-slovakia out
cess and minor characters II II fails.
Similarly the fame OF Woodrow Wilson be
estimated until settled OF those domestic
and more particularly OF those international. move
ments in which concerned. We analyze
him, speak, cannot place him. The course
CT international cooperation will whether he
is to stand near to washington and Lincoln in a
markedly lower rank II the world through coopera-
ton suicide and II IT shall be decided that
wilson's vision his will what ushered in that
cooperation indeed his glory Will be the greater
Grafton fails Wilson's figure will be of the size. let us
cratic malls figure OF the size let
say Of Roosevelt OF OF John Bright
As "a Peace-T1me President
About his domestic record something like agree
already possible. Impartial students will
that however may place in Importance Cevelands
triumph the repeal OF the silver purchase act, the
most valuable constructive piece OF financial legislation
in America since the OF Hamilton the federal
reserve act 1t is folly 10 Try away Wilson
credit for that great protective democratic
measure.
To talk about Aldrich in that connection is mere
politics In the place. although the republicans
controlled branches OF legislature and the
presidency the Aldrich bill became In the
place. distance from the act driven through
by Wilson il measured by the fact that only repub
Iican voted for the federal act 1t is
measured by the fact that Wall st. which strongly
supported the Adrich bill bitterly fought the fed
That the wiser heads in Wall st.
II
president and to the ability OF our financial men to
learn.
had enough do with inside politics in 1878 to
how contrary to the purposes of Mr.. Wilson the
purposes those who had backed the Adrch
Both sought the improvement OF currency system
elasticity; but sought decentrallzed control of
the apparatus of credit with a central body in
which governmental influences predomnated; whereas
other looked the continuation and strengthening
the control exercised by the New York banks.
Without that act Mr.. McAdoo would have been help
Jess TO panic 1914. without IL the financing
would have been more difficult and the abl
weather present complications would have
The threat that the politicians today
aiming at the federal board Is disquietng but
the profound services of the system gener-
ally recognized the decentralization OF the board by
public clanor may be avoided
Poor Gen Hancock suffered over much for what he
said nevertheless that tariff principles
not and absolute and that adjustments at
fected by temporary and local conditions. Not in
time has tariff situation been treated in independ
and intelligent way. We know how helpless
was. know what special interests die
tated republican tariffs and may dictate a tarin now
will make blush when look at Europe strug
Cling for her life. The prevented test Of the
Wilson tariff in operation. but long step for
ward in method
His Record Mexico.
On other acts in peace must touch tut lightly The
farm must be mentioned, the seamans act the
haIf-success o. McAdoos fight for a merchant ma
rine. prevention of the Panama tolls breach
faith now threatened again. The Mexican situation
put before the world Wilson at his best NIadero