The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-03

places and the industries IN Whfc1
their labor was most needed The
country had no national syrtem Of
road construction and development.
Little Intelligent attention was paid
TO the army, and not enough to the
navy. The other republics OF Amer
Ca dirtrusted us, because they fourd
that we thought first OF the profits of
American investors and only as an
aftsrthought of impartial Justice and
helpful friendship. It's policy was
provincial IN all things; Its purposes
we're out OF harmony with the temper
and purpose Of the people and the
timely development of the nations
Interests.
BUSINESS AND INDUSTRY
HAVE BEEN SET FREE
So things stood when the Demo
cratic party came into power. How
I do they stand now Alike In the do
IN astlc field and In the wide field OF
/ the commerce If 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 on
the principle OF repelinE foreign trade,
mat upon the principle Of encouraging
! IT,: upon something like a footing of
equalit1 with our own In respect of
d u
Board has been created whose func-
ZION ii VIII be to keep the relations of
j American with foreign business and
industry under constant observa ton,
for the guidance alike Of our business
] men and of our Congress American
tenergtes are now directed towards the
tr1arfets- IF the world.
The laws against trusts have been
clarified by definition. with a view
To- making it plain that they were not
directed against big business but only
Iagainst unfair business and the pre-
itense Of competition where there was
none; and a Trade Commission has
,been created with powers of guidance
and accommodation which have re-
lieved business men Of unfounded
fears and set them upon the road of
hopeful and confident enterprise.
BY the Federal Reserve act the sup
ply Of currency at the disposal Of ac-
tive business has been rendered elastic,
taking its volume. not from q fixed
body of Investment securities but
) from the liquid assets OF daily trade
r and these assets are assessed and &C.
lcepted, not by distant groups of bank
ers in control of unavailable reserves
T. but by bankers Mt the many centers oi
local exchange who are In touch witt
a local conditions everywhere.
Effective measures have been taker
, for the recreation of an American
merchant marine and the revival Of
the American carrying trade indis.
, pensahle TO our emancipation from the
g. control which foreigners have so Ions
! exercised over the opportunities, tn
: routes and the methods of our com
ncr>ce with other countries
> The Interstate Commerce Commits
, sion has been reorganized to enable i
, to perform its great ana importan
, functions more promptly and more eff
:, ficiently We have created, extend
, and improved the service OF the par
cells post.
SO much we have done for business
, What other party has understood tn
p task so we'll or executed 1t so intelli
!, gently and energetically? What othe
Y g-party has attempted 1t at all? TIL
/ Republican leaders. apparently. knoy
a of no means of assisting business Blu
q protection" How to stimulate II an
Il put il upon a new footing OF cnerg
# and enterprise they have not sug
gCstcd
q COMMERCIAL CREDIT is
q CREATED EOR FARMER
For the farmers OF the country w
4 have virtually created commercial
II credit. by means OF the Federal Re
"a serve act and the Rural Credits &C,
n They now have the standing of oths
- business men in the money market
%AVe have successfully regulated specu
" Cation In futures" and esta blishet
Egfsta ndardS in the marketing of grains
:, by an Intelligent warehouse act w
have assisted to make the standar,
O. crops available as never before bot
q for systematic marketing and as
d security for loans from the banks
v We have greatly added to the worl
"a Of neighborhood demonstration on tn
= farm itself OF improved methods O
, cultivation, and through the intelligen
q extension of the functions OF the De
Q partment of Agriculture, have mad
n made 1t possible for the farmer t
I learn systematically where his hes
o markets are and how to get at then
n The workingmen of America hav
( given a veritable emancipation. by tn
y legal recognition of a mans labor a
( part of his life. and not mer
s marketable commodity: by exempt
t ing labor organizations from procosse
o OF the courts which treated their mem
= bers like fractional parts OF mohs an
G not like accessible and responsible in
{ diyidnals: by releasing our seame,
@ from involuntary servitude; by max
g ing adequate provision for compensa
ton for industrial accidents; by pro
e vidng suitable machinery for media
. ton and Cancellation in industrial dis
o putes, apd by putting the Federal De
$ partment of Labor at the disposal o
. the workingman when In search o
- work.
Il We have effected the emancipation
: Of the children of the countr,
by releasing them from hurtfu
labor, We have instituted sys
D TEN OF national aid in the building o
Il highroads such as the country ha
j been feeling after for a century w,
{ have sought to equalize taxation b,
/ means OF an adequate income tax. w,
r have taken the steps that ought I,
= have been taken at the outset to opei
II up the resources OF Alaska We hav
n provided for national defense upoi
4 q scale never before seriously propos
Il ed upon the responsibility OF an en-
= tire political party. We have driver
d the tariff lobby from cover and oblig
= ed ii to substitute solid argument 70
o private influence
. 4 RECORD OF PROMISES
r CONSTRtCIfNELY PERFORMED
. This extraordinary recital mus
: sound like platform, list of san