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THE MARCH OF EVENTS — AN EDITORIAL INTERPRETATION - - -
The New Administration
An Idiotic Economic Situation
Copyright by Pach Bros., N. Y. THE LATE J. P. MORGAN THE MOST POWERFUL FINANCIAL LEADER OF OUR TIME, WHOSE GENIUS FOR ORGANIZATION AND WHOSE DOMINATING PERSONALITY CHIEFLY PRODUCED THE ERA OF CORPORATE CONSOLIDATION WHICH IS THE MOST SIGNIFICANT MODERN ECONOMIC PHENOMENON
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President them that
\HE FATES have so far been making; his disposition to work in hearty
very kind to Mr. Wilson's coöperation and consultation with ConAdministration, which is another gress — these and many more such actions way of saying that he is energeti- reveal the admirable spirit and ability of
cally and efficiently doing his the new Administration. tasks; for the Fates help them that help It is an interesting proof of the excelthemselves. The President and his Cabinet lent working of our governmental machinhave made a distinctly and uniformly good ery as well as of the character and impression on the country.
common sense of the American people that Mr. Wilson's refusal to give his time to a change not only of the high personnel office-seekers; the decorous but rigid refusal of the Government but a change of party of the Secretaries to become office-brokers; control brings no jar. In those important the evident aim to secure efficiency by their offices, where one set of men now work appointments; the clear-cut and quietly instead of another set of men who worked announced policies of the President, such as there a few months ago, the public busihis repudiation of "dollar diplomacy"; the ness goes on as before — in some of them conduct of Secretary Garrison in visiting the better, perhaps in some less well; but it flooded cities of the Middle West and his all goes on smoothly. promptly announced policy regarding the Reefs and storms will be encountered, of army; Secretary Daniels's requiring sea-duty course. It would be as unwise to predict of naval officers, thus breaking up the long fair weather for four years as it would be residence of many of them at Washington; wicked to predict bad weather: the wise man Secretary Houston's far-reaching construc- waits and hopes and — helps. But it can tive plans for organizing and developing be safely set down already that the new rural life; the vigorous grip that Postmaster- Administration has made an admirable General Burleson has taken on his tangled beginning, and the public opinion of the department and his refusal to turn it into an country has cheerfully responded, by favoroffice-brokerage shop; the President's own able comment and, still more, by its silent quiet, determined, diligent doing of his approval. It is a distinctly auspicious vast business and his refusal to go speech- beginning.
Copyright, 1913. by Doubleday. Page & Co. All rights reserved
Copyright by Marceau, New York PROF. FRANK JOHNSON GOODNOW EATON PROFESSOR OF ADMINISTRATIVE LAW AND MUNICIPAL SCIENCE IN COLUMBIA UNIVERSITY, WHO WAS RECENTLY APPOINTED ADVISER TO THE GOVERNMENT OF CHINA TO AID IN THE REFORM OF THE CONSTITUTION OF THE REPUBLIC