Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1914-11-27
PRESIDENT WILSON SEES PROS ERIIY AHEAD
CHIEF EXECUTIVE orTIMlT &c OVER FUTURE OUTLOOK AS
LEGISLATION CORRECTING BUSINESS
EVILS.


who ca show going business; and
the supervision and control of The
system is in the hands of a response
BILE agency of the government itself.
Tlo;io T ibunal Created.
"a trade tribunal has been created
in which those who attempt unjust
and oppressive practices in business
can be brought to book. Labor has
been made something else in the view
OF the law than a mere mercantile
commodity; something human and
linked with the privileges of life it
self. The soil has everywhere been
laid bare out of which monopoly is
slowly to be eradicated. And I'M
doubtedly the means by which credit
has been set free is at the heart OF all
these things, is the key piece of the
whole structure.
This is the more significant be-
caues of it's opportuneness. It is
brought to it's final accomplishment
just as it is most imperatively need
ed. The war which has involved the
whole of the heart of Europe has
made it necessary that the United
States should mobilize its resources
in. the most effective way possible
and make her credit and her useful
ness good for the service of the whole
world.
1T 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 mar
kets of the world are in danger of be-
ing artificially shut. That situation
the bankers Of the country are meet
ing so far as possible in business
like fashion and in he 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 it's new
understandings the problems of the
railroads will also be met and dealt
with in a spirit of candor and justice.
All in the Same Boat.
For the future is clear and bright
with promise of the best things.
While there was agitation and suspi-
cion and distrust and bitter COM
plant Of wrong, groups and classes
were at war with one another, and
did not see that their interests were
common, and suffered only when
separated and brought into conflict.
Fundamental wrongs once righted, as
they may now easily and quickly be,
all differences will clear away. We
are all in the same boat, though ap-
parently 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
ripen, common discipline of pa
triotic purpose. We shall advance,
and advance together, with a new
spirit. new enthusiasm, a new cor
diality of spirited cooperation. 1t
is an inspiring prospect. Our task
Is henceforth to work, not for any
single interest, but for all the inter-
ests of the country as united whole.
1.-THE future will be very different
from the past. which we shall pres
emily look back upon, I venture to
say as II upon bad dream. The
future will be different in action and
different in spirit, time of healing,
because a time of just dealing and
cooperation between men made
equal before the law in fact as well
as in name. l am speaking of this
because the new banking system
seems to me to symbolic all of it.
The opening of the federal reserve
banks seems to me to be the principal
agency we have created for the eman-
cipation we seek.
THE 18th of November, 1914, will
be notable as marking the time when
we were best able to realize just
what happened.
McAdOO Is Congratulated.
"In the anxious times through
which we have been passing you
have, my dear Mr.. Secretary. been
able to do many noteworthy things
to strengthen and facilitate the bust
ness operations of the country.
Henceforth you have new instru-
ment at hand which will render many
parts of your task easy. / heartily