The Leon reporter. (Leon, Iowa) 1887-1930, 1914-11-26

With their correction, suspicion and
ill will will pass away. For not only
have these things been righted, but
new things have been put into &C
ton, which are sure to prove the in
struments of distempers which have
so embarrassed us will be cleared
away The wrongs and misunder
standings corrected which have
brought distrust upon so many honest
men unjustly. That is the mair
ground of my own satisfaction.
"The tariff has been recast with
view to supporting the government
rather than supporting the favored
beneficiaries of the government. A
system of banking and currency is
sues has been created which puts
credit within the reach of every man
who can show a going business, and
the supervision and control of a re-
sponsible agency of the government
itself.
"a trade tribunal has been created
in which those who attempt unjust
and oppressive practice in business
can be brought to book.
Labor has been made something
else in the view of the law than
mere mercantile commodity-some-
thing human and linked with the
privileges of life ITSELF The soil has
everywhere been laid bare, out OF
which monopoly is slowly to be eradi-
Gated. And undoubtedly the means
by which credit has been set free IS
at the heart of all these things, IL
the keypiece of the whole structure.
War Should Profit U. $.
"This is the more significant be-
cause of it's opportuness. 1T IS
brought to it's final accomplishment
Just as it is most imperatively needed.
The war, which has involved the
whole of the heart of Europe. has
made lit necessary that the United
States should mobilize it's resources
in the most effective way possible
and make her credit and her useful
ness good for the service of the whole
world.
"It has created, too, special diff
culties, peculiar situations to be dealt
with, like the great embarrassment
in selling our immense cotton crop,
which all the world needs. but
against which, for the time being the
of the world are in dangerof
being artifically shut.
THAT situation the bankers of the
country are meeting, so far as pos
sible in busincsslike fashion, and
in the spirit of the new time which
is opening before us.
The railroads of the country are
almost as much affected, not so much
because their business is curtailed, as
because their credit is called in ques-
ton by doubt as to their earning ca
pacity. There is no other interest so
central to the business welfare of the
country as this. No doubt in the
light of the new day, with its under
the problems of the rail-
roads will also be met and dealt with
IN spirit of candor and justice.
For the future is clear and bright
with promise of the best things.
While there was agitation and sus-
picion and distrust and bitter COM
plant of wrong, groups and classes
we're at war with one another, did not
see that their interests were COM
non, and suffered only when separat-
I'd and brought into conflict.
Fundamental wrongs, once right
I'd as they may now easily and quick
Y be, all differences will clear away.
We are all in the same boat, though
we had forgotten it. We
Tow know the port for which we are
pound. We have, and shall have
more and more, as our new under
ripen, a common discipline
II patriotic purpose. We shall ad-
'ance, and advance together, with a
lew spirit, a new enthusiasm, a new
ordiality of spirited cooperation. 1t
S an inspirating prospect.
Our task is hencefOrth to work not
or any single interest, but for all
he interests of the country as unit
d whole.
Past Bad Dream.
The future will be very different
rom the past. which we will present.
Y look back upon, | venture to say
s if upon bad dream. The future
ill be different in action and differ
mt in spirit, a time OF healing be-
ause time of just dealing and CO.
peration between the law in fact as
,ell as in name
am speaking OF tnls because lhe
ew banking system seems to me to
ymbolZe all of it. The opening Of
he Federal Reserve Banks seems to
re 10 be the principal agency we
ave created for the emancipation we
eek. The 18th of November, 1914,
ill be notable as marking the time
hen we were best able to reailze
lst what had happened.
In the anxious times through
'hich he have been passing, you
ave, my dear Mr.. Secretary, been
Bile to do more noteworthy things
} strengthen and facilitate the bust
ess operations of the country. Hence
ii III, you nave new instrument at
and which will render many parts
your task easy. heartily con-
you upon the part you
ourself have played in it's concep- .
on and creation, and upon the sue :
essful completion of the difficult
ork of organization. A new day
as dawned for the beloved country Z
hose lasting prosperity and happi-
ess we so greatly desire.
Sincerely your,
WOODROW WILSON"