The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1914-11-18
FACING BRIGHT
FUTURE. SAYS
WILSON LETTER
,co.,lau.a from r.Ee One,


can show COINS busines.i and the
IL In the hands OF a Responsible agency
Of the government itself. trade
tribunal has been created IN which
sive practices Ia business can be
brought TO book. Labor has been
made something else In the view OF
the Law than y. mere mercantile eom I,
with the privlieses OF life Itself The
soil has everywhere been laid bare out
OF which monopoly - slowly TO De
eradicated. And Undoubtedly the means
at the heart OF all these things. Ia the
keypiece Of the whole structure.
This IL the more significant because
70 its fs nsI psssompissm.s, s 10
most imperatively needed. The war
which has involved the whole OF the
heart OF Europe has made IL necessary
Its resources In the most effective way
possible and make her credit and her
usefulness good for the service OF the
whole world. IL has created, too. spe-
he dealt with, like the great embar
rassment In selling our immense cot
ton crop, which all the world needs but
against which. for the time being. the
OF being artincially shut
That situation the bankers OF the
country are meeting so far as possible
In q ousiness-like fashion and In the
Ing before US. The railroads OF the
country are almost as much affected.
not SO much because their business Is
curtailed as because their credit 10 call
earning capacity. There is no other
Interest SO central 10 the business well
fare OF the country as this. No doubt,
In the light OF the new day. with Its
IA No m lar n ~ n ha ~
the railroads VIII also be met and
justice.
"For tho future is clear and bright
While there was agitation and sus-
picion and distrust and bitter COM
plant of wrong, groups and CLASSES
see that their h interests S %srs nos
and suffered only when separated and
brought into conflict.
sundamental wrong, once righted,
be, all dliiersnoss win clear n away wv W.
are all in the same boat. though ap-
paIently we had forgotten e. We now
know the port for which we are bound
more as our. new Understandings ripen
common discipline of patriotic pur-
pose. We shall advance. and advance
together. with new spirit. a new en-.
cooperation. IL Is an Inspiring pros
pect. Our task Is hsnceforth to work
not for any single interest, but for al
the interests OF the country as a unit
"The future win We very dineren,
from the past, which we shall pros
entity look back upon, ] venture tc
say. as Il upon. bad dream. The fu.
ture will be different In action and
different In spirit, q time OF healing
because time Of just dealing and
cooperation between men made eQua
before the law in fact as well as ir
name / am speaking OF this because
the new banking system seems to me
to symbolic all OF t. The opening
OF the federal reserve banks seems C
me TO be the principal agency we have
created for the emancipation we SEX
The 18th OF November, 1914. Will bs
notable as marking the time wher
we were best able to realize what had
happened.
We have been passing you have. my
dear Mr.. Secretary. been able TO "a
en- and facilitate the business opera
have a new instrument at hand which
will render many parts OF your task
easy. I heartily congratulate you up
on the part you yourself have plaed
in its conception and creation, and
upon the successful completion OF the
difficult work OF organization A new
da has dawned for the beloved coun-
try whose lasting prosperity and hap
piness we SO earnestly desire.
WOODROW WILSON"