The Detroit times., 1914-11-18
FACING BRIGHT
FUTURE, SAYS
WILSON LETTER
President. In Letter to McAdoO,
Sees Dawn Of New Era in
Business
WILL REGARD PAST
AS BAD DREAM
Congratulations Showered Upon
President For Optimistic
Statement

WASHINGTON, Nov. 1s.-Presi-
dent Wilson was today showered with
/, congratulatory letters and kilograms
from party associates and business In
terests In sympathy with his admin
istration over his ''csean bill OF
health" given trade conditions. The
presidents letter to Secretary Of the
Treasury McAdoo, administration
leaders declared, meant that the trade
commission soon to be appointed
could be depended upon to solve the
problems OF "big business" without
any rigid or radical application OF the
antitrust laws In = manner that
would disrupt business.
AS subject for the letter the pres
ident took the operation Of the new
currency laws which, he said. ARE
undoubtedly the means by which
credit has been set Free" and by
which the soil has been everywhere
laid bare out Of which monopoly Is
slowly to be eradicated."
The closing paragraph Of the let
ter, officials here say, sums up the ad-
ministration attitude toward business
conditions. The president says:
I'VE are facing prospect clear
and bright with promise OF the best
things"
The letter says npart:
MY Dear Mr.. secretary:
81 warmly appreciate your letter Of
yesterday. for share your feeling en-
tireiy about the Significance Of the
opening. OF the federal reserve banks
1T do not know that any special
credit belongs to me for the part
was privileged 20 play In the esta blish-
- III Tan ~ xth ~ xvA
confidently hope so much; in It the
labor and knowledge and forethougnt
and practical experience and sagacity
co-operated with unusual WISDOM and
admirable public spirit. None Of them.
I am sure. will be jealous of the dis
ssss sss Spon or Which hs tss
joice unselfishiy TO see the thing ac-
compiished upon which they had set
ait has been accomplished and Its
accomplishment IL OF the deepest sig
nificance. both because of the things
u has done away with and because OF
the things II has supplied that the
country lacked and had long needed.
IL has done away with agitation and
suspicion, because IL mas done away
with certain fundamental wrongs. II
has supplied the means of accommoda-
ton in the business world and an in
strumentality. by which the interests
readily be served
1--WE have only to look back 10
years or SO TO realize the deep per.
OF which we have now at last issued.
as IL from O bewildering fog, a noxious
miasma. Ten or IL years ago the
agitation which shook the very founda-
tions OF her political life. brought her
business ideals into question. con-
demned her social standard. denied the
/ n NJ
tegrity of her economic processes. the
morality and good faith OF many OF
the things which her law sustained.
business or In politics. were almost
universally looked upon with suspicion
and little attempt was made TO dis
They In their turn seemed to distrust
the people and to wish to limit THAR
control. There was an ominous an
tagonism between classes. Capital and
labor were In sharp conflict without
prospect OF accommodation between
them Interests harshly FLASHED which
should have co-operated.
"And the thing stood so until the
Democratic party came into power last
year. The legislation OF the past year
and half h. ;,b in , very large ,s,s measgrs
their correction. suspicion and ill-wili
Will pass away. For not only have
these thingT been righted, but new
are sure TO prove the Instruments Of
new life. In which the mists and
distempers which have so embarra ssed
US will be cleared away: the wrongs
and Observation-Disclosures corrected which
have brought distrust upon so many
honest men unJustly. That IL the
main ground of my own satisfaction.
The tariff has been recast with
view to supporting the government
rather than supporting the favored
benefciaries Of the government. A
has been created which puts credit
within the reach OF every man who
supervision and control Of the system
OF the government itself
The future Will We very different
from the past. which we shall pres
say. as IL upon bad dream. The fu-
ture will be different In action and
different In spirit, time of healing
cooperation between men made equal
before the law In fact az well as In