Norwich bulletin., 1914-11-18

trade tribuna, 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 mere mercantile commoJ- 1ty, something human and linked with the privileges of life itself. The soil has everywhere been laid bare out of which monopoly is slowly"to be eradi- cated. And undoubtedly the means by which credit has been set free in at the heart of all these things, is the key, piece of the whole structure.
 This is the more significant because or It's opportuneness. It is brought to its final accomplishment just as it IS most 1mperatively needed The war which has involved the whole of the neart Of Europe has made it necessary that the United States should mobilize it's resources in the most effective way possible and make her credit and her usefulness good for the service of tine whole world. It has created, too special difficulties, peculiar situations, to be dealt with, like the great em- barrassment in selling our immense cotton crops, which all the world needs, but against which, for the time being. the markets of the world are i,i danger of being artificially shut. That situation the bankers of the country are meeting so far as possible in a businesslike fashion and in the spirit Of the new tide which is opening be- fore us. The railroads of the country are almost as much affected. not s,o much because tEeir business is curtail- ed as because their credit is called in question by doubt as to their earning capacity. There is no other interest so central to the business welfare of the country as this. No doubt in thellight Of the new day, with it's new under standings, the problems of the rail- roads will also be met and dealt with [ in spirit of candor and justice"
 For the future is clear and bright with promise of the best things While there was agitation and sus- pension and distrust and bitter com pla1nt Of wrong groups and classes were at war with one another did did not see that their interests were common and suffered only when sep arated and brought into conflict. Fun damental- wrongs once righted as they may now easily and quickly be, all difficulties will clear away We are all in the same boat, though apparent ly we had forgotten it. We know the port for which we are bound We have, and shall have more and moro as our new understanding ripens a common discipline of patriotic pur- pose. We shall advance and advance togetner' With new spirit, new enthulSasm, 9 new cordiality of spir- tied cooperation. It is an inspiring prospect. Our task is henceforth to work, not for any single interest, but 4oE all Cne interests Of the country as a. united whole.
 The future will be very different rom the past, which we shall present. " look back upon, I venture to say, as If upon a bad dream. The future Will be different in action and differ ent in spirit, a time of healing because time of just dealing and co-opera- lon between men made evil because or the law in fact as well as in name am speaking of this because the new banking system seems to me to sym oolize all of it. The opening of the federal reserve banks seems to, me to be the principal agency we have ere ated for the emancipation we seek.
 The sixteenth of November 1914, will be notable as marking the time when we were best able to realize just what had happened.
 Tn the anxious times through which we have been passing, you have my dear MT. Secretary, been able to do many noteworthy things to strengthen and afcilitate the business operations or the country. Henceforth you have new instrument at hand which will render parts of your task easier heartily congratulate you upon the part you yourself have played in it's conception and creation and upon the successful completion of the difficuIt dawned for the beloved country whose lasting prosperity. and happiness we so earnestly desire.
 Sincerely Yours WOODROW. wIIsSONo