The Cordova daily times., 1914-12-15

cipally to answering those who con- tend that the United States is unpre- pared for national defense, to give mo- tice to the business world that the legislative program of his adminis- istration, as it affects regulation of business, was practically completed. He said it had resulted in a clear road for business to travel to "unclouded success"
 Honest business men, the President declared, need have nothing to fear in treading the ways outlined in the trust and currency bills. While the President dwelt lightly upon the sub ject, his words were interpreted as an assurance that no further import ant business legislation was contem- plated.
 The Presidents remarks in full with relation to business legislation were as follows:
 "Our program of legislation with regard to the regulation of business is now virtually completed It has been put forth, as we intended, as a whole, and leaves no conjecture as to- what is to follow. The road at last lies clear and firm before busi- ness. It is a road it can travel with. out fear or embarrassment It is the road to ungrudged, unclouded success. In it every honest man, ev- cry man who believes that the public interest Is a part of his own interest, may walk with perfect confidence"
 In the text of his address, which touched upon the administrations legislative program for the session, urging passage of bills for Philippine independence, government owned merchant marine, and some other pro jects begun but unfinished at the last session, the President devoted most time to discussing the question Of national defense, deploring a policy of militarism, but endorsing a devel- opment of the National Guard, and military training for citizens. The Democratic side of both House and Senate greeted with applause and laughter his declaration that "some among us are nervous and excited" and that i've shall not turn America into military camp"
 And especially when half the world is on fire" said the President, i've shall be careful to make our moral insurance against the spread of the confagration very definite and certain and adequate indeed"
 A strong plea for federal merchant marine to build up foreign markets until such time as traffic shall at tract private capital, was made by MT. Wilson.
 Of particular interest to Alaska was the Presidents urgent recommends tlon for an adequate appropriate to chart the Alaska coast, and his as- sertion that the vessels of this ser vice in the Northern district were not big enough or strong enough and were so nearly unseaworthy that our inspectors would not have allowed private owners to send them to sea"
 The text of the Presidents mes sage in reference to the survey and charting of the coast of Alaska was as follows:
 There is another matter of which I must make special mention if I am to discharge my conscience. It may seem a very smaal thing. It effects only single item of appropriation, But many human lives and many great enterprises hang upon it.
 "It is the matter of making ade- quate provisions for the survey and charting of our coasts. It is i'm mediately pressing and exigent that in connection with the immense coast line of Alaska, a coast line greater than that of the United States them selves, though 1t is very important indeed with relation to the old coasts. We cannot use our great Alaskan do- main, ships will not ply thither if the coasts are not thoroughly sur veyed and charted. The work is incomplete at most every point. Ships and lives have been lost in threading what were supposed to be