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.