Mr. Wilson has promised to break up all trusts. He can do so only by proceeding at law. If he proceeds at law, he can hope for success only by taking what I have done as a precedent. In fact, what I did as President is the base of every action now taken or that can be now taken looking toward the control of corporations, or the suppression of monopolies. The decisions rendered in various cases brought by my direction constitute the authority on which Mr. Wilson must base any action that he may bring to curb monopolistic control. Will Mr. Wilson deny this, or question it in any way? With what grace can he describe my Administration as satisfactory to the trusts when he knows that he cannot redeem a single promise that he has made to war upon the trusts unless he avails himself of weapons of which the Federal Government had been deprived before I became President, and which were restored to it during my Administration and through proceedings which I directed? Without my action Mr. Wilson could not now undertake or carry on a single suit against a monopoly, and, moreover, if it had not been for my action and for the judicial decision in consequence obtained, Congress would be helpless to pass a single law against monopoly.
Let Mr. Wilson mark that the men who organized and directed the Northern Securities Company were also the controlling forces in the very Steel Corporation which Mr. Wilson makes believe to think was supporting me. I challenge Mr. Wilson to deny this, and yet he well knew that it was my successful suit against the Northern Securities Company which first efficiently established the power of the people over the trusts.
After reading Mr. Wilson's book, I am still entirely in the dark as to what he means by the "New Freedom." Mr. Wilson is an accomplished and scholarly man, a master of rhetoric, and the sentences in the book are well-phrased statements, usually inculcating a morality which is sound although vague and ill defined. There are certain proposals (already long set forth and practiced by me and by others who have recently formed the Progressive party) made by Mr. Wilson with which I cordially agree. There are, however, certain things he has said, even as regards matters of abstract morality, with which I emphatically disagree. For example, in arguing for proper business publicity, as to which I cordially agree with Mr. Wilson, he commits himself to the following statement:
"You know there is temptation in loneliness and secrecy. Haven't you experienced it? I have. We are never so proper in our conduct as when everybody can look and see exactly what we are doing. If you are off in some distant part of the world and suppose that nobody who lives within a mile of your home is anywhere around, there are times when you adjourn your ordinary standards. You say to yourself, 'Well, I'll have a fling this time; nobody will know anything about it.' If you were on the Desert of Sahara, you would feel that you might permit yourself—well, say, some slight latitude of conduct; but if you saw one of your immediate neighbors coming the other way on a camel, you would behave yourself until he got out of sight. The most dangerous thing in the world is to get off where nobody knows you. I advise you to stay around among the neighbors, and then you may keep out of jail. That is the only way some of us can keep out of jail."
I emphatically disagree with what seems to be the morality inculcated in this statement, which is that a man is expected to do and is to be pardoned for doing all kinds of immoral things if he does them alone and does not expect to be found out. Surely it is not necessary, in insisting upon proper publicity, to preach a morality of so basely material a character.
There is much more that Mr. Wilson says as to which I do not understand him clearly, and where I condemn what I do understand. In economic matters the course he advocates as part of the "New Freedom" simply means the old, old "freedom" of leaving the individual strong man at liberty, unchecked by common action, to prey on the weak and the helpless. The "New Freedom" in the abstract seems to be the freedom of the big to devour the little. In the concrete I may add that Mr. Wilson's misrepresentations of what I have said seem to indicate that he regards the new freedom as freedom from all obligation to obey the Ninth Commandment.
But, after all, my views or the principles of the Progressive party are of much less importance now than the purposes of Mr. Wilson. These are wrapped in impenetrable mystery. His speeches and writings serve but to make them more obscure. If these attempts to refute his misrepresentation of my attitude towards the trusts should result in making his own clear, then this discussion will have borne fruits of substantial value to the country. If Mr. Wilson has any plan of his own for dealing with the trusts, it is to suppress all great industrial organizations—presumably on the principle proclaimed by his Secretary of State four years ago, that every corporation which produced more than a certain percentage of a given commodity—I think the amount specified was twenty-five per cent—no matter how valuable its service, should be suppressed. The simple fact is that such a plan is futile. In operation it would do far more damage than it could remedy. The Progressive plan would give the people full control of, and in masterful fashion prevent all wrongdoing by, the trusts, while utilizing for the public welfare every industrial energy and ability that operates to swell abundance, while obeying strictly the moral law and the law of the land. Mr. Wilson's plan would ultimately benefit the trusts and would permanently damage nobody but the people. For example, one of the steel corporations which has been guilty of the worst practices towards its employees is the Colorado Fuel and Iron Company. Mr. Wilson and Mr. Bryan's plan would, if successful, merely mean permitting four such companies, absolutely uncontrolled, to monopolize every big industry in the country. To talk of such an accomplishment as being "The New Freedom" is enough to make the term one of contemptuous derision.
President Wilson has made explicit promises, and the Democratic platform has made explicit promises. Mr. Wilson is now in power, with a Democratic Congress in both branches. He and the Democratic platform have promised to destroy the trusts, to reduce the cost of living, and at the same time to increase the well-being of the farmer and of the workingman—which of course must mean to increase the profits of the farmer and the wages of the workingman. He and his party won the election on this promise. We have a right to expect that they will keep it. If Mr. Wilson's promises mean anything except the very emptiest words, he is pledged to accomplish the beneficent purposes he avows by breaking up all the trusts and combinations and corporations so as to restore competition precisely as it was fifty years ago. If he does not mean this, he means nothing. He cannot do anything else under penalty of showing that his promise and his performance do not square with each other.
Mr. Wilson says that "the trusts are our masters now, but I for one do not care to live in a country called free even under kind masters." Good! The Progressives are opposed to having masters, kind or unkind, and they do not believe that a "new freedom" which in practice would mean leaving four Fuel and Iron Companies free to do what they like in every industry would be of much benefit to the country. The Progressives have a clear and definite programme by which the people would be the masters of the trusts instead of the trusts being their masters, as Mr. Wilson says they are. With practical unanimity the trusts supported the opponents of this programme, Mr. Taft and Mr. Wilson, and they evidently dreaded our programme infinitely more than anything that Mr. Wilson threatened. The people have accepted Mr. Wilson's assurances. Now let him make his promises good. He is committed, if his words mean anything, to the promise to break