I have set forth my relations with the trusts. I challenge Mr. Wilson to controvert anything I have said, or to name any trusts or any big business men who regulated, or in any shape or way controlled, or captured, the Government during my term as President. He must furnish specifications if his words are taken at their face value—and I venture to say in advance that the absurdity of such a charge is patent to all my fellow-citizens, not excepting Mr. Wilson.
Mr. Wilson says that the new party was founded "under the leadership of Mr. Roosevelt, with the conspicuous aid—I mention him with no satirical intention, but merely to set the facts down accurately—of Mr. George W. Perkins, organizer of the Steel Trust." Whether Mr. Wilson's intention was satirical or not is of no concern; but I call his attention to the fact that he has conspicuously and strikingly failed "to set the facts down accurately." Mr. Perkins was not the organizer of the Steel Trust, and when it was organized he had no connection with it or with the Morgan people. This is well known, and it has again and again been testified to before Congressional committees controlled by Mr. Wilson's friends who were endeavoring to find out something against Mr. Perkins. If Mr. Wilson does not know that my statement is correct, he ought to know it, and he is not to be excused for making such a misstatement as he has made when he has not a particle of evidence in support of it. Mr. Perkins was from the beginning in the Harvester Trust but, when Mr. Wilson points out this fact, why does he not add that he was the only man in that trust who supported me, and that the President of the trust ardently supported Mr. Wilson himself? It is disingenuous to endeavor to conceal these facts, and to mislead ordinary citizens about them. Under the administrations of both Mr. Taft and Mr. Wilson, Mr. Perkins has been singled out for special attack, obviously not because he belonged to the Harvester and Steel Trusts, but because he alone among the prominent men of the two corporations, fearlessly supported the only party which afforded any real hope of checking the evil of the trusts.
Mr. Wilson states that the Progressives have "a programme perfectly agreeable to monopolies."
The plain and unmistakable inference to be drawn from this and other similar statements in his article, and the inference which he obviously desired to have drawn, is that the big corporations approved the Progressive plan and supported the Progressive candidate. If President Wilson does not know perfectly well that this is not the case, he is the only intelligent person in the United States who is thus ignorant. Everybody knows that the overwhelming majority of the heads of the big corporations supported him or Mr. Taft. It is equally well known that of the corporations he mentions, the Steel and the Harvester Trusts, there was but one man who took any part in the Progressive campaign, and that almost all the others, some thirty in number, were against us, and some of them, including the President of the Harvester Trust, openly and enthusiastically for Mr. Wilson himself. If he reads the newspapers at all, he must know that practically every man representing the great financial interests of the country, and without exception every newspaper controlled by Wall Street or State Street, actively supported either him or Mr. Taft, and showed perfect willingness to accept either if only they could prevent the Progressive party from coming into power and from putting its platform into effect.
Mr. Wilson says of the trust plank in that platform that it "did not anywhere condemn monopoly except in words." Exactly of what else could a platform consist? Does Mr. Wilson expect us to use algebraic signs? This criticism is much as if he said the Constitution or the Declaration of Independence contained nothing but words. The Progressive platform did contain words, and the words were admirably designed to express thought and meaning and purpose. Mr. Wilson says that I long ago "classified trusts for us as good and bad," and said that I was "afraid only of the bad ones." Mr. Wilson would do well to quote exactly what my language was, and where it was used, for I am at a loss to know what statement of mine it is to which he refers. But if he means that I say that corporations can do well, and that corporations can also do ill, he is stating my position correctly. I hold that a corporation does ill if it seeks profit in restricting production and then by extorting high prices from the community by reason of the scarcity of the product; through adulterating, lyingly advertising, or over-driving the help; or replacing men workers with children; or by rebates; or in any illegal or improper manner driving competitors out of its way; or seeking to achieve monopoly by illegal or unethical treatment of its competitors, or in any shape or way offending against the moral law either in connection with the public or with its employees or with its rivals. Any corporation which seeks its profit in such fashion is acting badly. It is, in fact, a conspiracy against the public welfare which the Government should use all its powers to suppress. If, on the other hand, a corporation seeks profit solely by increasing its products through eliminating waste, improving its processes, utilizing its by-products, installing better machines, raising wages in the effort to secure more efficient help, introducing the principle of cooperation and mutual benefit, dealing fairly with labor unions, setting its face against the underpayment of women and the employment of children; in a word, treating the public fairly and its rivals fairly: then such a corporation is behaving well. It is an instrumentality of civilization operating to promote abundance by cheapening the cost of living so as to improve conditions everywhere throughout the whole community. Does Mr. Wilson controvert either of these statements? If so, let him answer directly. It is a matter of capital importance to the country that his position in this respect be stated directly, not by indirect suggestion.
Much of Mr. Wilson's article, although apparently aimed at the Progressive party, is both so rhetorical and so vague as to need no answer. He does, however, specifically assert (among other things equally without warrant in fact) that the Progressive party says that it is "futile to undertake to prevent monopoly," and only ventures to ask the trusts to be "kind" and "pitiful"! It is a little difficult to answer a misrepresentation of the facts so radical—not to say preposterous—with the respect that one desires to use in speaking of or to the President of the United States. I challenge President Wilson to point to one sentence of our platform or of my speeches which affords the faintest justification for these assertions. Having made this statement in the course of an unprovoked attack on me, he cannot refuse to show that it is true. I deem it necessary to emphasize here (but with perfect respect) that I am asking for a plain statement of fact, not for a display of rhetoric. I ask him, as is my right under the circumstances, to quote the exact language which justifies him in attributing these views to us. If he cannot do this, then a frank acknowledgment on his part is due to himself and to the people. I quote from the Progressive platform: "Behind the ostensible Government sits enthroned an invisible Government, owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible Government, to dissolve the unholy alliance between corrupt business and corrupt politics, is the first task of the statesmanship of the day. . . . This country belongs to the people. Its resources, its business, its laws, its institutions, should be utilized, maintained, or altered in whatever manner will best promote the general interest." This assertion is explicit. We say directly that "the people" are absolutely to control in any way they see fit, the "business" of the country. I again challenge Mr. Wilson to quote any words of the platform that justify the statements he has made to the contrary. If he cannot do it—and of course he cannot do it, and he must know that he cannot do it—surely he will not hesitate to say so frankly.
Mr. Wilson must know that every monopoly in the United States opposes the Progressive party. If he challenges this statement, I challenge him in return (as is clearly my right) to name the monopoly that did support the Progressive party, whether it was the Sugar Trust, the Steel Trust, the Harvester Trust, the Standard Oil Trust, the Tobacco Trust, or any other. Every sane man in the country knows well that there is not one word of justification that can truthfully be adduced for Mr. Wilson's statement that the Progressive programme was agreeable to the monopolies. Ours was the only programme to which they objected, and they supported either Mr. Wilson or Mr. Taft against me, indifferent as to which of them might be elected so long as I was defeated. Mr. Wilson says that I got my "idea with regard to the regulation of monopoly from the gentlemen who form the United States Steel Corporation." Does Mr. Wilson pretend that Mr. Van Hise and Mr. Croly got their ideas from the Steel Corporation? Is Mr. Wilson unaware of the elementary fact that most modern economists believe that unlimited, unregulated competition is the source of evils which all men now concede must be remedied if this civilization of ours is to survive? Is he ignorant of the fact that the Socialist party has long been against unlimited competition? This statement of Mr. Wilson cannot