Evening star., 1914-11-18

which has involved the whole heart Of
| Europe has made 1t necessary that the
United States should mobilize its re-
sources in the most effective way pos
sible. and make her credit and her use
fulness good for the service of the
! whole world. 1t has created. too, spe-
cial difficulties, peculiar situations to be
dealt with, like the great embarrass-
| ment in selling our immense cotto a
crop, which all the world needs, but
against which. for the time being, the
markets of the world are in 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 time which is open
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 is
called in question by doubt as to their
earning capacity.
Rail Problems to Be Met.
There is no other interest so CEN
trail to the business welfare Of the
country as this. No doubt in the light
of the new day. with its new under
standings, the problems of the railroads
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 suspicion and
distrust and bitter complaint of wrong,
groups and classes were at war with
one another, did not see that their in
terests were common and suffered only
when separated and brought into con-
fict Fundamental wrongs once right
ed, 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
common discipline of patriotic purpose.
We shall advance. and advance to-
gether. with a new spirit. a new en-
thusiasm. new cordiality of spirited
operation. 1t is an inspiring pros
pect. Our task is henceforth to work.
not for any single interest, but for ali
the interests of the country as a united
whole.
Future Will Be Different,
1.-THE future will be very different from
the past. which we shall presently look
back upon, l venture to say. as if upon
bad dream. The future will be differ
ent 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. 1 am speaking of this
because the new banking system seems
to me to symbolic all of it. The open
ing Of the federal reserve banks seems
to me to be the principal agency we
have created for the emancipation we
seek. The 18th of November, 1914, will
be notable as marking the time when
we were best able to realize just what
had happened
Praises Secretary McAdoo.
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 IA
cilitate the business operations of the
country.
"Henceforth you have a new instru-
ment at hand which will render many
parts OF your task easy. heartily con-
graduate you upon the part you your
self have played in it's conception and
creation, and upon the successful com
pletion of the difficult work of oreaniza-
tion- A new day has dawned for the
beloved country whose lasting prosperity
ana happiness we so earnestly desire.
Sincerely yours,
WOODROW WILSON"