Evening journal., 1916-10-30

President Wilson and his Democratic as
sociates would not be very popular in thi,
country at this time
"The President solemnly declares
that only per cent. Of the two bill
lion dollars exports in excess OF any
previous year represents munitions
of war, and that the volume OF ex-
ports would have been just as large
If We had had no European war. One
would be justified in saying such
statement was not only absurd and
ridiculous, but dishonest The Presi-
dent knows that the mules and horses
that haul the cannon and powder TO
the battle front are just as much mu-
nitions OF war as are cannon and
powder, and the increase in exporta-
ton Of horses and mules from the
United States during this period
amount into the millions, as DO the
/ increased expectation OF canned
meats. blankets. clothing, wagons,
motor trucks, aeroplanes, parts OF
submarines and scores of other arti-
Giles. In other words. very little has
been exported from this country dur
ing the war period that has not been
in some way associated with the war
THE President pays tribute to the
| Federal Reserve Act and asks the
various audiences he addresses what
would have become of this country
when the European crisis came upon
us If il had not been for this piece
| Of democratic currency legislation.
The President knows this is purely
deception for the reason that the Fed
eral Reserve Act did not go into effect
until that period OF financial strain
was practically over, namely on
December Ia, 1914.
1.-THE Presidents son-in-law. Secre-
tary McAdoo, in his annual report
under date of December 9TH. 1914. af-
4 ter calling attention to what the
Treasury Department had done TO
allay the panic. and congratulating
the country on its recovery. said:
"There Is very reason why the
country should look to the future
with confidence as far as its
trade. commerce and industry are
concerned. This has been accom-
plished. Notwithstanding the fact
that the Federal reserve system
authorized by the act Of December
23, 1913 was at that time only In
process Of formation, and was,
therefore. unable to render any
service In the situation. FOrtu-
nately. the Federal reserve act
materially modified in several inn
pOrtant particulars and extended
until June 30, 1915. the Aldrich-
Yreeland act, under and by yir-
tue of which the Secretary of the
Treasury is given discretion TO
issue emergency currency TO ma
tiOnal banks upon their applica-
ton, and upon their compliance
with the provisions of the act In
anticipation Of the necessity,
large amounts of this emergency
currency were sent beforehand to
the sub-treasury in New York and
to other sub-treasuries through
out the country. so that upon the
opening OF the banks for business
on August 3, 1914, the department
was able TO issue TO them suffi-
Client currency to enable them TO
cope with the situation as IL de-
IelOped.r
Tins is the simple story told by thu
Presidents son-in-law. The Aldrich
Veeland Act was passed by a Repub
lican Congress and signed by Repubh
can President, and at every stage of IL
enactment into law it was fought by
the Democrats. 1t might be added that
the Federal Reserve Law, OF which tn,
President is so proud. is simply the Al
drich-Nreeland Act dressed in a new suit
Of legislative clothes.
1T seems impossible that railroad mer
and others organized in unions, cannot
see through the thin pretence of the
alleged eight hour law that has beer
passed. This law is no more like tn,
former eight hour laws passed by Con
gTess, than is a sandwich like a Thanks
giving feast. The du Point Company i
manufacturing smokeless powder for oui
Government under a real genuine eight
hour law. If, in the manufacture of thii
powder, the company employs any labor
er more than eight hours in a calendar
day Of twentyfour hours, it is subjec
to either fine or imprisonment, or both
and the Government officials Keep
strict watch on the company This Law
means eight hours for work, eight hour
for sleep and eight hours for recreation
The same thing is true of the New Jer
sey eight hour law, which, | think. wa
passed when Woodrow Wilson was Gov
ernor of that state. This recent alleg
ed eight hour law, on which the Presi
dent bases his bid for the support of or
ganized labor. places no limit, on thu
number Of hours men may work in
calendar day of twenty-four hours Il
railroad man can stand up under thl
strain, he may work forty consecutive
hours and the company that employs hin
not violate the law. This law was simp
ly provision TO pay railroad men in
cluded in the various classifcations. foi
ten hours when they only serve eight
The law is not what the President sayi
it is and he knows it, and he is trying
to put the deception across, just as he i
trying 10 put across the per cent. mu
nitions proposition and the alleged Fe
deral Reserve Act service during tn
panic.
when we measure the foregoing
and associate it with the Canal Tolls
Surrender. the violation of the one
term presidential pledge. the promise
to reduce the high cost of living, cut
out extravaganza in national ex-
penditures. and protect all American