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Story
January 19, 1914
Newark Evening Star And Newark Advertiser
Newark, Essex County, New Jersey
What is this article about?
President Wilson, in Washington on Jan. 19, shares optimistic views on national business confidence from received letters, notes improvements from tariffs, explains trust accommodations without weakening laws, and proposes an interstate trade commission. His message to Congress is set for delivery tomorrow.
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SAYS PRESIDENT
Tells Callers That Confidence in Future Is General—Also Talks "Trusts."
WASHINGTON. Jan. 19—President Wilson has been receiving opinions and estimates on the business situation throughout the country which lead him to believe that a general confidence in the future exists.
The President told callers today that while he had no scientific analysis of the situation and that his letters were of various colors, in the main conditions were optimistic. The President is said to believe that in some industries, especially those dependent on the railroads, conditions have not been so satisfactory, but he made it clear, incidentally, that he had not expressed any opinion, as had been reported, on the propriety of increasing freight rates. The President let it be known, however, that while he held distinct views on the question, he did not feel that he could express them while the subject was being determined by a semi-judicial body.
With reference to the tariff, the President's letters lead him to believe that business actually has been stimulated by it and that the average small merchant is in better condition now than formerly.
The administration intends chiefly through its trust program to "facilitate the processes of accommodation" as contrasted with the processes of suit.
President Wilson told callers that the recent agreements between the department of justice and business concerns were not settlements which abated the law in the least degree, but merely understandings as to the method and time within which corporations were to conform to the law, while being allowed reasonable periods for adjustment.
In that sense, the word "accommodation" is used, meaning accommodating the process to interests of business, though not abating the law.
In that connection the President believes better machinery for conducting processes of accommodation to the law ought to be set up.
An interstate trade commission is the body the President has in mind to fill that need, though it was apparent today that he had not gone further than outlining its general functions and intends that the details of limiting the powers of the commission shall be left to those drafting the new laws in the Congressional committees.
The President's message went to the printer today and will be delivered to Congress tomorrow.
Tells Callers That Confidence in Future Is General—Also Talks "Trusts."
WASHINGTON. Jan. 19—President Wilson has been receiving opinions and estimates on the business situation throughout the country which lead him to believe that a general confidence in the future exists.
The President told callers today that while he had no scientific analysis of the situation and that his letters were of various colors, in the main conditions were optimistic. The President is said to believe that in some industries, especially those dependent on the railroads, conditions have not been so satisfactory, but he made it clear, incidentally, that he had not expressed any opinion, as had been reported, on the propriety of increasing freight rates. The President let it be known, however, that while he held distinct views on the question, he did not feel that he could express them while the subject was being determined by a semi-judicial body.
With reference to the tariff, the President's letters lead him to believe that business actually has been stimulated by it and that the average small merchant is in better condition now than formerly.
The administration intends chiefly through its trust program to "facilitate the processes of accommodation" as contrasted with the processes of suit.
President Wilson told callers that the recent agreements between the department of justice and business concerns were not settlements which abated the law in the least degree, but merely understandings as to the method and time within which corporations were to conform to the law, while being allowed reasonable periods for adjustment.
In that sense, the word "accommodation" is used, meaning accommodating the process to interests of business, though not abating the law.
In that connection the President believes better machinery for conducting processes of accommodation to the law ought to be set up.
An interstate trade commission is the body the President has in mind to fill that need, though it was apparent today that he had not gone further than outlining its general functions and intends that the details of limiting the powers of the commission shall be left to those drafting the new laws in the Congressional committees.
The President's message went to the printer today and will be delivered to Congress tomorrow.
What sub-type of article is it?
Historical Event
What themes does it cover?
Justice
Triumph
What keywords are associated?
Business Confidence
President Wilson
Trusts
Tariff
Interstate Trade Commission
Freight Rates
What entities or persons were involved?
President Wilson
Where did it happen?
Washington
Story Details
Key Persons
President Wilson
Location
Washington
Event Date
Jan. 19
Story Details
President Wilson receives letters indicating general business optimism, discusses tariff benefits for small merchants, explains trust accommodations as lawful adjustments, proposes an interstate trade commission for better enforcement, and prepares his message to Congress.