Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1916-09-02
HAS KEPT FAITH,
SAYS PRESIDENT
Record Shows Promises Full
filled, Declares MI. Wilson,
HIS SPEECH OF ACCEPTANCE

National Dsfenses Are Provided For,
Laws Against Trusts simplifsd, Tar
III Revised, Banking System Reform
cd, Remedial Measures Benefit Work.
insmen and Farmers and Merchant
Marine Revived.
In his address at Sbn low Lawn.
Long Rrsnnh y. T., accepting the Dem.
ocratic nomination for president, Wood
row Wilson said:
Senator james, Gentlemen Of the
Notification Committee, Fellow Citizens
II cannot accept the leadership and
responsibility which the national Dem
ocratic convention has again, In such
generous fashion, asked me TO accept
without first expressing my profound
gratitude 70 the party for the trust It
reposes In me after four years OF fiery
trial In the midst Of affairs OF un-
precedented difficulty and the keen
sense OF added responsibility with
which this honor fills Il had almost
said burdens) me as / think Of the
great issues of national life and policy
Involved I'm the present and Immediate
future conduct OF our government. I
shall seek, as have always sought, to
Justify the extraordinary confidence
hus reposed IN me by striving TO
purge my heart and purpose OF every
personal and OF every misleading party
motive and devoting every energy
have TO the service OF the nation as a
whole praying that / may continue 20
have the counsel and support OF all
forward looking men at every turn Of
the difficult business.
"For I do not doubt that the people
OF the United States viii wish the
Democratic party to continue In con
troll Of the government They are not
in the habit OF rejecting those who
have actually served them FOR those
who are making doubtful and conjec-
tural promises Of service. Least OF
all are they likely to substitute those
who promised to render them partic-
ular services and proved false 90 that
promise for those who have actually
rendered those very services.
Explicit Promises Fulfilled.
Roasting is always an empty bust
ness. which pleases nobody but the
boaster. and ! have no disposition TO
boast OF what the Democratic party
has accomplished. Il has merely done
It's duty. Il has merely fulfilled lie ex-
plicit promises. But there can be no
violation OF good taste IN calling atten-
ton TO the manner IN which those
promises have been carried out or I'm
ahrerting TO the interesting fact that
many OF the things accomplished were
what the opposition party had again
and again promised TO do, but had left
undone. Indeed, that is manifestly part
Of the business OF this year OF reckon
Ing and assessment. There Is no means
OF judging the future except by assess
ing the past. Constructive action must
be weighed against destructive com
ment and renction."
Mr.. Wilson asserted that the Repub.
hcan party was put out OF power be.
cause Of practical and moral failure,
because Il had served special interests
and not the country at large Banking
reform, the interests Of the farmer and
he army and navy had been neglected.
Set Free 20 Move.
so things stood when the Demo.
cratic party came into power How
DO they stand now7 Alike In the do
nestle field and In the wide feld OF
the commerce OF the world. American
business and life and industry have
been set free to move as they never
moved before.
The tariff has been revised not or
the principle OF repelling foreign trade
but upon the principle OF encouraging
VI upon something like footing OF
equality with our own in respect OF
the terms Of competition, and a tariff
board has been created whose function
II viii be 20 keep the relations OF
American with foreign business anC
industry under constant observation
for the guidance alike Of our bushes,
men and OF our congress. American
energies are now directed toward the
markets OF the world.
The laws against trusts have beer
clarified by definition with a view I,
making It plain that they were not di
rected against big business, but onl,
against unfair business and the pre-
tense OF competition where there wa
none. and trade commission has beer
created with powers Of guidance an,
accommodation which have relieve,
business men Of unfounded fears an
set them upon the read OF hopefu
and confident enterprise
by the federal reserve act the sur
ply OF currency at the disposal OF q,
tive business has been rendered elasti
taking its volume not from a fixe
body or investment securities, bu
from the liquid assets Of daily trad
and these assets are assessed and a
ccpted not by distant groups OF banl
ers fl control Of unavailable reserve
but by bankers at the many centers {
local exchange who are in touch wit
local conditions everywhere.
EFFECTIVE measures have been take
FOR the recreation Of an America
merchant marine and the revival :
the American carrying trade indispel
sable 20 our emancipation from n
control which foreigners have so Ion
exercised over the opportunities. II