The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1916-09-15


man the Industries It was protesting
TO father and promote, carried their
labor as q mere commodity TO market,
were subjecr TO restraint by novel ana
drastic process In the courts, were
without assurance OF compensation for
Industrial accidents. without federal
assistance In accommodating labor dis
putes and without national aid or adj
vice In finding the places and the in
dustries In which their labor was most
needed. The country had no national
system OF road construction and de
velopment. Little intelligent attention
was paid to tho army and not enough
to the navy. The other republics OF
America distrusted us, because they
found that we thought first Of the
profits OF American investors and only
as an aftethought OF impartial justice
and helpful friendship. Its policy was
provincial In all things; Its purposes
were out OF harmony with the temper
and purposes OF the people and the
timely development OF tho nations in
terests
Party Has Redeemed Promises.
SO things stood when the Democratic
party came into power. How do they
stand nowi Alike In tho domestic field
and In tho wide field OF the commerce
OF the world. American business and
life and industry have been set free
TO move as they never moved before.
The tarin has been revised. not on
the principle Of repelllng foreign trade,
but upon the principle Of encouraging
IT, upon something Ike footing OF
equality with our own In respect OF
the terms Of competition, and tariff
board has been created whose function
II will DO 10 keep the relations OF
American with foreign business and
industry under constant observation.
for the guidance alike OF our business
men aud OF our congress- American
energies arc now directed toward the
markets OF tho world
The laws against trusts have been
clarified by definition. with view to
making II plain that they were not
directed against big business. but only
against unfair business and the pre-.
tense OF competition where there was
none, and trade commission has been
created with powers OF guidance and
accommodation which have relieved
business men of unfounded fears and
set them upon tho Bosd OF hopeful and
confident enterprise
BY the federal reserve act tho sup
ply OF currency at the disposal OF &C,
tive business has been rendered elias
tic, taking its volume not from a FIX
ed body Of Investment securities, but
from the liquid assets OF daily trade.
and these assets are assessed and nc
cepted not by distant groups OF bank.
ers In control OF unavailable reserves.
but by bankers at the many centers
OF local exchange who arc in touch
with local conditions everywhere
Effective measures have been taken
for the recreation OF an American mep-
chant marine and tho revival OF the
American carrying trade lndlspensab BILE
TO our emancipation from the control
which Foreigners have 80 long exer-
cised over tho opportunities, the routes
and the methods OF our commerce with
other countries
Tho Interstate commerce commission
has been reorganized TO enable IL to
perform Its great and important func-
tons moro promptly and more efficient
| ly. We have created, extended and i'm
proved the service OF the parcels post
SO much we have done for business
What other party has understood tho
task so well or executed It so intelll-
gently and theoretically What other
party has attempted It at alll The Re
publican leaders, apparently, know OF
no means OF assisting business but
protection" How to stimulate 1t and
put II upon a new footing Of energy
and enterprise they have not suggested
Farmers Have Been Benefited.
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 busl-
ness men In the money market We
have successfully regulated speculation
In futures" and established standards
In the marketing OF grains. BY an in
telligent warehouse act wo have assist
Z ed to make the standard crops avalla.
/ BILE as never before both for systematic
marketing and as security for loans
from the banks. We have greatly
added TO the work OF nelghborhood
demonstration ON the farm itself OF
Improved methods of cultivation and,
through the intelligent extension of the
functions OF the department OF agrlcul-
ture, have made II possible for the
farmer to learn Systematically where
his best markets are and how to get at
them.
The workingmen of America have
been given veritable emancipation
] by the legal recognition of mans Ia
Dor as part Of his life and not nero
marketable commodity, by exempting
labor organizations from processes Of
the courts which treated their mem
bers like fractional parts Of mobs and
not like accessible and responsible in
dividunls, by releasing our seamen