The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1914-11-19
WILSON DECLARES
i. S TRADE SAFE
Says New Laws Make Country's
Future Bright.
SEES DOOM or MONOPOLY
Suspicion, Agitation and Dstrust ls
Swept Away and All Business
and People to Get
Justice.

Washington, Nov. 1S.-"A future
clear and bright with promise of the
best things" was the way President
Wilson summed up his view of the
business prospect in a letter to Sec.
rotary McAdoo of the treasury depart
ment, congratulating him on the open.
ing of the new federal reserve bank
system:
fundamental wrongs once righted
as they may now easily and quickly
be-" wrote the president, "all differ
ences will clear away.
1--WE are all in the same boat, though
apparently we had forgotten it. We
now know the port for which we are
bound. We have, and shall have, more
and more as our new UNDERSTANDINGS
rfpen, a common discipline of patriotic
purpose.
I'VE shall advance, and advance to-
gether with new spirit, new en-
thusiasm, a new cordially Of spirited
cooperation. It Is an inspiring pros
pect."
Says Laws Doom Monopoly.
Mr.. Wilson referred to the new tar
If law, the new currency law, the new
trade commission law and the labor
provisions OF the new antitrust law
as the means through which ''the soil
hes everywhere been laid bare out OF
which monopoly is slowly to be eradi
Gated He added that undoubtedly
the means by which credit has been
set free Is at the heart of all these
things; is the keypiece Of the whole
structure"
Referring to the "opportuneness" Of
the currency law, the president said
"the war which has involved the whole
Of the heart of Europe has made it
necessary that the United States
should mobilize it's resources in the
most effective way possible" He
spoke of the difficulty of marketing
the cotton crop Of the country and
added that mo doubt in the light OF
the new day, with its new understand
ings, the problems of the railroads
will also be met and dealt with In a
spirit of candor and justice"
Regional Banks Make Report.
Washington. Nov 18.-Telegrams re.
ceived by the federal reserve board
from the governors of the IL regional
banks showed that the rediscounting
operations performed on the opening
l,~. 4oI 10 ~
getting in the reserves.
Get $137,oooooo in Gold.
At the close Of the first days busi.
ness the regional banks had taken in
s137, 100000 in gold bullion and coin
and $33,000,000 in other forms Of
money, leaving between $70,000,0 900
and $S0,000,000 to complete the sums
required. 1t was explained that all Of
the money had not been counted when
the reports were made up and that by
the close of today's business it was
believed that the total had been com
pleted.
The board has ordered $4,000, 900
Of the new notes and has shipped to
each center larger amount than was
applied for, the balance being held
subject to the comptroller's orders.
War Booms u. s. Exports.
Washington, Nov 18.-Europe's cry
for food is being answered by the
United States. Exports of breadstuffs
In October of this year amounted to
s38,247,570, according to statistics
mace public by the bureau of foreign
and domestic commerce, an increase
Of nearly s25,0Oo,000 over figures for
October, 1913. Exports of fresh beef
more than doubled during the month,
figures this year being sS3,940, as
against $36,S63 in October, 1918.