1915-02-27 — Page 6

FEATINGS

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AMERICAN BUSINESS

PROSPECTS.

SPEECH BY PRESIDENT WILSON.

In the course of a speech at the conven- tion of the American Electric Bailway Association in Washington on the 29th ult, President Wilson said: - Pok

"BULES OF THE GAME."

(4 There are, therefors, I suppose, cor- tain rules of the game, I will mention what seems to me some of them. I have already mentioned one of them by way of illustration. First of all is the rule of publicity not doing anything under cover, letting the public know what you are doing and judge of it according as: It seems to me that can say with it is. There are a great many businesses a good deal of condence that we are in this country that have fallen under upon the eve of a new era of enterprise suspicion because they were so Becretive, and "prosperity.

when there was nothing so secret that was Publicity which is "Enterprise has been checked in this dishonourable. country for almost twenty years, because required in sport is required in business. men were moving amongst & maze of Let's see how you are running the game! interrogation points. Thoy did not know.. Then, in the second place, there is what was going to happen to them. All a full equivalent for the money you sorts of regulations were proposed and it receive, the full equivalent in service; not was a matter of uncertainty what sort trying to skimp in the service in order reasonable of regulation was going to be adopted to increase profits above & All sorts of chargos were made against return, but trying to make the profits business, as if business were at fault, proportioned to the satisfaction of the when most men know that the great people that you serve. There is not any isajority of business men were honest, more solid foundation for business than were public-spirited, were intending the that right thing, and the many were made afraid because the few did not do what was right.

METHOD OF CONTROL FOUND. The most necessary thing, therefore, was for us to agree, as we did by slow stages agres, upon the main particulars of what ought not to be done and thien to put our laws in suck shape as to cor respond with that general judgment. I, for one, have never doubted that all Amerion was of one principle. I have never doubted that all America believed in doing what was fair and honourable and of good report. But the method of control by law against the small minority that was recalcitrant against these prin- ciples was a thing that I found dificult to determine upon. And it was a very great burden, let me say, to fall upon a particular administration of this Govern ment to undertake practically the whole business of final definition. That is what has been attempted by the Congress now about to come to a close. It has attempt ed the definitions for which the country had been getting ready or trying to get roady for nearly half a generation,

REQUIRE PERIOD OF TEST.

CONSCIENCE IN BUSINESS.

Then, in the third place, this game requires something more than ordinary sport. It requires a certain kind of con- science in business, a certain feeling that we are, after all, in this world because we are expected to make good according to the standards of the people we live with. That, after all, gentlemen, is the chief compulsion that is laid on all of us.

Then, the fourth rule, as it seDITIS L me, is the rule of having the spirit of service. I know mon in this city-there are men in the scientific bureau of this Government whom I could cite-who could make very big salaries, but who profor the satisfaction of doing things that will serve the whole community, and doing them just as well as they possibily can bs done. I, for one, am proud of the scientific bureau of this Government."

Concluding with a reference to his belief in freedom of speech, the President said: "I have been subjected to free speech myself, and it is hard to enduro sometimes, because the office of the Presi- dent seems to be the clearing-house for original ideas. I am brought more original ideas per diem, I dare say, than any other person in the country, and therefore pay the penalty of freedom of

"It will require a period of test to determine whether we have successfully defined them or not, but no one needs to have it proved to him that it was neces-peech." sary to define them and remove the uncer- tainties, and that the uncertainties being removed, common understandings are possible and a universal co-operation.

In the first place, I feel that the mists and miasmic airs of suspicion that have filled the business world have now been blown away. I believe that we have passed the era of suspicion and have come now into the era of confidence. Knowing the elements we have to deal with, we can deal with them, and with that confidence of knowledge we can have confidence of enterprise. And that enter prise is going to mean this Nobody is henceforth going to be afraid of or suspicious of any business merely because it is big.

EASIER FOR BIG FELLOW,

FUTURE FOREIGN POLICY. HOW RUSSIA IS TO BE:

DETACHED,"

Professor Anschütz the well-known. Berlin jurist, delivered last week a lec- ture on Fatura Problems of German Policy." The lecture, which was one of

series by distinguished Germans, Bests to be interesting as showing the sort of wild schemes which are simmering in German minds. Unlike the politicians, who are devoting themselves merely to the question how much territory the German Empire is to: annex, Professor: Ausch & says that, national unity being one of Germany's most important political possessions, she would be injured by any extensions of territory in Europe, except such as might be dictated by purely military requirements.

If my judgment is correct, nobody har heen suspicious of any business mercly because it was big, but they have been stispicious whenever they thought that the bigness was being used to take an unfair advantage. We all have to admit that it is easier for a big fellows

He disclaims any desire to annex the to take advantage of you than for Russian Baltic Provinces, which contain little fellow to take advantage of you only about 5 per cent. of Germans, and therefore we instinctively watch the little fellow. But bond laving been given for he proposes that Belgium shall be an "independent" protectorate of the Ger- the big fellow, we can sleep nights,

"The era of private business in the man Empire, subordinated to Germany sense of business conducted with the by Customs and military conventions, and money of the partners-I mean of the so prevented from playing again the part managing partners-is practically passed, that it has played in the present war. It not only in this country, but almost is also argued that it would be a mistake everywhere. Therefore, almost all busi- to establish an independent Poland, as ness has this direct responsibility to the at the best it might only be another Bel- public in general. We owe a constant gium, while the annexation of Russian report to the public, whose money we are Poland would present future good rela constantly asking for in order to conduct tions with Russia. As regards annexation, the business itself. Therefore, we have Germany must look not to Europe, but got to trade not only on our efficiency, to the colonies. She must not only recover not only on the serrice that we render, what she has lost, but must acquire valu but on the confidenco that we cultivate.able additiona There is a new atmosphere for business. The oxygen that the lungs of modern business takes in is the oxygen of the public confidence, and, if you have not got that, your business is essentially paralyzed and asphyxiated.

STABLE BASIS NECESSARY,

I take it that we are in a position now to come in on a common understand knowing that only a common un ing will be the stable basis of business and that what we want for business heresfior is the same kind of liberty that wo want for the individual. The liberty of the individual is limited with the greatest sharpness where his actions come into collision with the interests of the com- munity ho lives in.

را

GREAT BRITAIN'S FUTURE,

Professor, Anschütz proceeded to sketch the future of German foreign policy. One of its main tasks must be to detach at least ono Power from the circle that has closed round Germany, and to assure at any rate its acutrality against the event of a future war. England is out of the question for this purpose, and must be fought to the bitter end" France is separated from Germany for ever by her

wounded vanity" There remains only. Russia, who must be compelled to abandon once and for all her ambitions in the Balkans, thus ending the opposition between Petrograd and Vienna, and to There have boon times I will not turn away her eyes from Constantinople specify thom, but there have been time to the Far East, where her interests will when the fold looked free, but when thore come into fresh collision with those of wore favours received from the managers. England. When Russia then comes to of the course, when there were advantages war with England, and perhaps with gives, inside tracks accorded, practices

which would block the other runner, rules Japan, Germany's place must be at the which would exclude the amateur who side of Rassia so that British world wanted to get in. That may be a frie supremacy may be finally overthrown."

It appears from all this that Great feld, but there is favour, there is par tility, there is preference, there is covers Britain is to be spared from annihilation advantage taken of somebody and, while in the present war, but that Germany will it looks very well from the grandstand. afterwards be in a position to manipulate there are men whom you can find who the policy of the Allies at will for her own were not allowed to get into the track and ultimate purposes. test their powers against the other men who were racing for the honours of the day.

STRONG ARE NOT PARKED.

ACTION OF PORTUGUESE ARMY OFFICERS.

I think it is a serviceable figure. It nwans this, that you are not going to he barred from the contest because you are The movement of protest against tho hig and strong and you are not going action of the Government in arresting the to be penalized because you are big and officers concerned in the late movement is strong. but you are going to to made spreading anys The Times Liston corres- to observe the rules of the track and not pondent. Nearly all officers in the get in anybody's way except as you can artillery, sappers, and engineere, and in get out of his way by having more vigour many other regimenta, have surrendered and skill than he has. It has the spirit their swords, asking to be considered of true sportsmanship that ought to get under arrest. They specially condemn the into everything, and men who squeal, when Government's action in describing the they get beaten that way, do not deserve

initial movement of protest against the our pity.

*Some men are going to get beaten transfer of officers as being Monarchical. because they have not the brains; they This is declared to be utterly untrue. have not the initiative; they have not the skill; they have not the knowledge; they bavo not the sarae capacit that other

Three brothers named Bailey, of men have. They will have to be employes; Walton-on-Thames, joined the Royal they will have to be used where they can

be used. We do not need to conceal from Army Medical Corps together on the out- ourselves there are varieties of capacity break of war. By a freakish stroke of in the world. Some men bave heads, but fortune they were all promoted to the they are not particularly furnished rank of sergeant together.

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[55-1