The Odanah star. [volume] (Odanah, Ashland Co., Wis.) 1912-1916, 1914-11-20
MI \ ! |. son DECLARES
U. s. TRAI]E. SAFE
SAYS New Laws Make country's
Future Bright.
SEES DOOM OF MONOPOLY
Suspicion, Agitation and Distrust 10
Swept Away and All Business
and People to Get
Justice.

clear and bright Win promise OF Ina
best things" was the way President
Wilson summed up his view Of the
business prospect In q letter to Sec
Rotary McAdoo. Of the treasury depart.
ment, congratulating him on the OPEN
ing of the new federal reserve bank
system: * e {. J.
Fundamental swrongs once nghted
as they may now easily and quickly
be-" wrote the president "all differ
ences will clear away.
\. 1--WE are ali in the same boat. though
apparently we had forgotten Il. 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 patriotic
purpose.
: 1--WE shall advance. and advance to.
gether with . new spirit, a 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 antttrust law
as the means through which 1.-The soil
has everywhere been laid bare out OF
which monopoly is slowly to be eradi-
cated." 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 its resources in the
most effective way possible" He
spoke of the difficulty Of marketing
the cotton crop Of the country and
added that no doubt IN. the light OF
the new day, with it's new understand
ings, the problems Of the railroads
will also be met and dealt with In q
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
day were Incidental to the work or
getting in the reserves.
Oct $4,000, 600 In Gold.
At the close Of the first days bus1-
fiess the regional banks had taken In
$137, 100000 in gold bullion and coin
and $s3,O00,00o In other forms Of
money, leaving between $70.000.0O0
and $4,000, 900 to completes 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 $25,000.000
Of the new notes and has shipped to
each center a 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
s3S,s47,570, according to statistics
made public by the bureau Of foreign
and domestic commerce, an increase
Of nearly $25,0OO,oOO over figures for
October, 1918. Exports Of fresh beef
more than doubled during the month.
figures this year being sS3,94O, as
against $36, 1863 in October, 1913.