The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1915-01-12

Indianapolis, Ind. Jan. S.--Presi'
Gent Wilson made notable speech
Galore the Indiana Democratic CUP
hare. In which he defended his admin
ss4ration and the policies that have
hsen followed by the administration
and the Democratic congress. he
yrsised the federal reserve law, prais-
cd the enactment Of the conservation
bflls. favored legislation to create o
federal employment bureau, indorsed
he ship purchase bill. denounced
what he designated as the antiquated
prDcedure of the federal courts and
urged revision OF court procedure.
The president came here on the In
vitation of the Indiana Democratic
club, and his speech was delivered
on jackson day in Tomlinson hau,
There had been nationwide inter-
est In what the president might say
Ia his speech, for 1t had been thought
that he would discuss subjects OF ma
tion-wid in fact, worldwide impor-
tance
The president defended vigorously
his policy of watchful waiting In Mex
leo and the crowd applauded him
more vigorously for his utterances
than on any other subject except
when he said. "The time may come
when the American people VIII be
called upon to Judge whether know
what l am talking about or not"
Sees Free Competition.
President Wilson said in part
II want to ask the business men
here present II this is not the first
January In their recollection that ala
mot bring a money stringency for the
time being, because OF the necessity
of paying out great sums OF money
~ way OF dividends and the other set
elements which come at the first OF
eho year have asked bankers II that
happened this year, and tney say no,
4 did not happen, 1t could not hap
psn under the federal reserve act.
We have emancipated the credits OF
thIs country. And IL there anybody
here who will doubt that the other
policies that have given guarantees
90 this country that there will be free
competition are policies which this
country will ever allow to be re-
versed?"
The president said this congress
has carried out great program, Half
ne world is on fire at this moment,
he said, and only America, among the
great powers. is free to govern her
own life, and all the world Is looking
- America to serve It's economic
needs. Mr. Wilson continued;
'And while this Id happening, wnat
q going on? DO You know, gentle
men, that the ocean freight rates
have gone up in some instances to ten
times their ordinary figure, and that
the farmers of the United States can
not get any profit out of the great
prices that they are willing to pay for
ehese things on the other side Of the
sea, because the whole profit Is eaten
up BY the extortionate charges for
ocean carriage? And In the midst OF
shia, the Democrats proposed n tenn
porary measure of relief In the ship
ping Dill.
Defends Shipping Bill.
'.The merchants and the farmers
Of this country must have saips to
garry their goods. and just at the
Dresent moment there is no other
way Of getting them than through the
lnstrumentality that Is suggested In
vAat shipping bill. And hear 1t said
- Washington on all sides that the
~OaDablicans In the United States sen
,aG1e are using every effort to make the
ASassage OF that bill impossible.
: Those self-styled friends OF busi
vasss say that the Democratic part,
Zoos not know what to do for bust
meas ana ,ney are saying that tae
Democrats shall do nothing for busi
mess.
''Now the Democratic party does
know how to serve business in this
country and It's future program is 6
program OF service. We have clearec
&he decks. We have laid the lines
zow upon which all business tha
was doing the country harm shall b'
stopped and the economic eontro
which was intolerable shall be bro
ken up. We have emancipated Amer
'<toa. but America must do sometnini