10 JANUARY 1914, Page 2

There has been much loose talk about "Trusts" in America,

but of course there were many evils which were indicated by that general title—such, for example, as the concentration of enormous financial issues under the hand of a single person. The influence of President Wilson is working like a charm. We can remember nothing quite like it. His "luck is in." With amazing speed he reduced the tariff and got the Currency Bill passed—both of them measures which had become a sort of graveyard for statesmen—and now the financiers are merrily playing into his hands. We wish we could think that his luck would hold in his treatment of the Mexican crisis, but there we can see no prospect of success for the policy of pretending 'that intervention can pass without any of the ordinary consequences of intervention.