The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-09-02

against unfair business and the pre-
tense Of competition where there was
none; and trade commission has
been created with powers of guidance
sad accommodation which have re-
heved business men Of unfounded
fears and set them apon the road Of
hopeful aud confident enterprise.
BY the federal reserve act the sup
ply OF currency at the disposal OF &C,
i've business has been rendered elias.
tic. taking its volume. not from fixed
body OF Investment securities. but
from the liquid assets OF daily trade.
Effective measures have been taken
for the recreation OF an American
merchant marine and the revival OF
the American carrying trade.
The Interstate commerce commits
sion has been reorganized to enable
Ii TO perform its great aud important
functions more promptly and more ef-
iicientiy. We have created. extended
and improved the service of the par
cells post.
For the farmers of the country We
have virtually created commercial
credit. by means of the federal reserve
act and the rural credits act. They
now have the standing of other bust
ness m~i in the money market. We
have successfully regulated specula-
lion In futures" and established
standards in the marketing of grains.
BY an intelligent warehouse act we
have assisted to make the Standard
crops available as never before both
for systematic marketing and as a
security for loans from ehe banks.
For Labor and Children.
The workingmen of America have
been given a veritable emancipation.
by the legal recognition of mans
labor as part of his life. and not a
mere marketable commodity by sx-
empting labor organizations from proc
esses of the courts which treated their
members like fractional parts of mobs
and not like accessible and RESPONSE
Bile individuals; by releasing our sea-
men from involuntary servitude; by
making adequate provision for com
pensation for industrial accidents: by
providing suitable machinery for me-
diation and Cancellation in industrial
disputes; and by putting the federal
department of Labor at the disposal of
the workingman when In search Of
work
We have effected the emancipation
of the children of the country by re-
leasing them from hurtful labor. We
have instituted system of national
aid in the building Of highroads such
as the country has been feeling after
for century. We have sought TO
equalize taxation by means of an
equitable income tax. We have taken
the steps that ought TO have been
taken at the outset to open up the re-
sources of Alaska. We have pro-
vided for national defense upon
scale never before seriously proposed
upon the responsibility of an entire
political party. We have driven the
tpriff lobby from cover and obliged II
to substitute solid argument for pri-
yate influence.
Foreign Policy Stated.
In foreign affairs we have been
guided by principles clearly con
ceived and consistently lived up TO.
Perhaps they have not been fully com
pretended because they have hitherto
governed international affairs only In
theory, not in practice. They are sim
pie, obvious, easily stated, and funda-
mental to American ideals.
We have been neutral not only be-
cause it was the fixed and traditional
policy of the United States to stand
aloof from the politics of Europe and
because we had no part either of ac-
ton or of policy in the influences which
brought on the present war, but also
because 1t was manifestly our duty to
prevent, If 1t were possible, the indefi-
mite extension of the fires of hate and
desolation kindled by that terrible con
fiict and seek to serve mankind by re-
serving our strength and our resources
for the anxious and difficult days of
restoration ana meaning when must
follow, when peace will have to build
it's house anew.
The rights OF our own citizens of
course became involved; that was in
evitable. Where they did this was our
guiding principle: that property rights
can be indicated by claims for dam
ages when the war is over, and no mod
ern nation can decline to arbitrate
such claims; but the fundamental
rights of humanity cannot be. The loss
of life is irreparable. Neither can di-
rect violations of nations sovereign
ty await vindication in suits for CAM
ages.
As to Mexico.
While Europe was at war our own
continent, one. of our own neighbors,