The herald and news. [volume] (Newberry S.C.) 1903-1937, 1916-10-10

son ExpOunds Attitude OF This Ma
tion in Three Speeches i'll OMAHA
Omaha, Oct. 5.-President Wilson
discussed the European W@r, peace
and american business in three
speeches here today. He declared
America is as ready to fight as any
nation in the world, but that its cause
must be just After the war, he said'
this nation must join league OF
nations to preserve the peace of the
world.
The president in his afternoon
speech before the Commercial CLUB
said in part:
A Tragic Age.
There are many circumstances
that make one feel that the present
state of the world is beyond meas
rre tragical. And yet, my fellow
countrymen, 1 believe that this great
catastrophe which has fallen upon
the world in the shape OF war IS go
ing to do US in America, at, any rate
a great service. 1t is going to oDnse
every man to know that he lives IN
a new age and that he has got to
act nto according to the trad1tlons
Of the fact but according to the
necessities of the present and the
prospects of the future. America, up
to the present time, has been, as II
nv deliberate choice, confined and
nrovincial and it will be impossible
for her to remain confined and pro-
yincial. t.
"Henceforth she belongs to the
world and must act as part OF the
world and all of the attitudes OF
America will henceforth be altered
sYou know what interests me as
the most dramatic thing that ever
happened in history was the dis
ocyery of America, not because 1t was
the discovery Of America, but be-
.cause until America was discovered
all -as in Europe were turned TO
the East. England was then at one
hack of civilization. Behind her
were the unknown spaces of the At-
lantic. All the world lived to the
eastward. In Europe all the trade
-routes of the world worked their way
down toward the East.
..csnd then all of sudden with
the discovery Of America the Worlo
was turned on its pivot and Great
Britain was at the front OF the
world, all the tide being shut off by
the fortunate c1rcumstance-nor-
tunate at the time-of the capture
Df Constantinople by the Turks. Inc
cutting off to the Eastern routes
forced the yorld to look Westward
TO move westward, to set her tldes
in another direction and it was tnen
that America was born. Her birth
marked q new world with new tide.
new direction, new impulse and a
new future.
Has StIek at Home.
.rESer since I was a lad. I have
foupd myself puEzied by the circum-
stances that America concentrated
her plans so much upon herself and
,artrnded them so little to the large
world. This has particularly struck
me and must strike every student OF
oar affairs in respect to our CONNER
cial policy. Only in recent years nave
American merchants and American
manufacturers studied the marKers
of the world. They have talked
their public men have preached about
their domestic markets and the sa-
credness of those domestic markets
apparently, the necessity OF always
eating our own victuals and living on
those markets; and until very recently
the national banking system was not
supplied with the instrumentalltles OF
handling foreign exchange. Branches
of banks out of other countries, nota-
bly out Of Canada, had to come down
and establish these branches in New
York and San Francisco ana else
where to handle foreign exchange
Nowhere in the national banking act
Acould you find any provision for the
establishment of branch banks
abroad.