Norwich bulletin., 1916-07-11
Permanent Peace
 Wilson's Wish
DEFENDED DEMOCRATIC PARTY
 AS FRIEND OF BUSINESS.
ADDRESSES sALEsMEN
Democrats Are as Much Interested in Prosperity of Country as Anyone EIse-President Lauds Federal Re- serve Act.

Detroit, Mich, July 10.-President Wilson urged peace reached by mutual understanding rather than force and defended the democratic party as a friend of business in speeches today to enthusiastic Michigan audiences. De- troit streets were lined with thousands # persons who shouted greetings and waved American flags at him where sver he appeared, the hall in which he spoke to the Worlds SaIeSmanship Congress was damned, an audience estimated at 50,000 greeted him at the Ford motor plant and tonight in To- ledo another thrOng listened to his brief rear platform address.
 SaIesmen Shouted "Peaoe."
 Peace" was the shouted response of the salesmanship audience when the president asked them what they desir- ed when the present war struggles are at an end. And he added that per manent peace" was his desire.
 At a nOn-partisan luncheon in the Detroit Athletic Club, the president sprang to the defence of the democrats. A prominent republican had told him during the day that he had been de- irving pleasure from association with democrats and the executive recited the incident and declared that he long had enjoyed the friendship and com paniOnship of republicans because be- ing teacher, he would like to teach them something"
 All In the Same Boat.
 We have been trying, some of us, for a good many years, to teach in politics. as well as elsewhere, this les son, that we are all in the same boat he said. We have common interests and it is our business to understand and serve those common interests. The great difficulty that has confront ed us, gentlemen has often been that L4yn al 4~.lIr Ot common interests from self chosen angles, which made them look as if some of us were separated from others and as if some of us wanted to de press business, for example, and oth- CTS of us wanted to eXaIt business.
 The Democracy of Business.
 T dare say that you have noticed that the same necessity to make a liv- ing is imposed upon democrats as re- puDlicans and 1 dare say you are ready to believe that democrats are just as willing to make good living as re- publicanS. Therefore it seems to me logically to follow though I have been quoted as having no logic, that dem OcratS are fully aS much interested in the business prosperity of the United States as anybody else. So that if you believe that they are not as fit ted to guide as other persons, that you can be dOUbting their interest, you are only lmpugn1ng their intelligence" The suspicion is beginning to dawn he added, that the average man under stands the business necessities of the country as well as the extraordinary man.
 Federal Reserve Act Saved Panic. So I invite your thoughts" he con- tinued, fin what l sincerely believe to be an entirely nOn-partisan spirit to | the democracy of business.
 An act was recently passed in con- gresS that some of the most intelligent business men of this counry earnest ! ly OppOSed-men whom l knew, men 1 whose character I trusted men whose l integrity l absolutely believed in. I refer to the federal reserve act by 1 which we intended and succeeded in 1 taking credit out of the control of small number of men and making it available to everybody who had real commercial assets, and the very men | who opposed that act and opposed 1 It cOnSclentiOuSly, now admit that it saved the country from a TuinOus panic l that it is the salvation of every aver when the stress of war came on and l age business man who is in the midst 1 of the tides that l have been trying l to describe.
 1 What does trat mean, gentIman l It means that you can get a settled point of view and can conscientousIy 1 OppOSG progress IL you uO not nGGQ progress yourself. That is what it i means. I am not impugning the in l tellgence even of men who opposed l these things because the same thing 1 happens to every man if he is not of l eXtraOrdinry makeup, but he cannot see the necessity for a thing that he 1 does not himself need. When you | have abundant credit and control of credit, you, of course, do not need that
 the area of credit should be broadened.' 9