The Washington herald., 1916-09-26

mentalities to handle foreign trade in the
right manner"
mot after the war. but now, America
must take her place in the business world
on a greater scale than ever dreamed Of"
the President said. when I hear men
proposing to deal with business problems
in the future as they have dealt with
them in the past / know they have no
knowledge OF the situation"
From the Federal reserve act the Presi-
dent passed to the Federal Trade Com
mission.
The commission" he said, has trans
formed the government from antagonist
to friend of business. 1t is fiction to be-
lieve there is a contest between the gov
ernment and business"
Urges War on Competitors.
Regarding the tariff commission the
President said:
I'VE have admitted that we have
been working on theories with ample
facts at hand. The commission is going
to look for the facts no matter who is
hurt"
The President pleaded for truth in
business.
THE only way to advertise is to tell
the truth" he said
A plain attack on Mr.. Hughes was
seen when the President. speaking in
defense of the eight-hour law, said:
Statistics are not the place for in
genuity. was once a lawyer myself
before I reformed"
The President laid great emphasis on
the need of a strong merchant marine
We cannot lose any time in getting
delivery wagons for your foreign trade, :"
was one way he put IT,
The President brought a burst of ap-
plause when he referred to the way he
has tried to foster friendship with the
South American republics.
They are beginning to trust u.s." he
said.
The President brought his speech to a
"The only thing have been
ashamed of has been Americas
timidity to war on foreign competi-
tors"
Il believe in party action but l have a
supreme contempt for partisan action
nothing 50 seriously interiors with sin
cere consideration & public questions as
q political campaign" President Wilson
said at the outset
The applause was generous when the
President said his chief work for more
than a year had been to prevent anything
happening which might interrupt the i'm
proved business relations between the
United States and the South American
republics. Much stress was placed on the
reports from the Federal trade commits
sion and the Bureau of Foreign Com
merce which the President asserted would
be helpful generally to business men. He
declared it was high time America was
getting her own delivering wagons and
claimed that the shipping bill recently
passed by Congress would provide a basis
for substantial merchant marine.
speech in Detail.
What I have come to say to you to-
day would wish to say in an stmos-
phere from which all the vapors of pas
sion have been cleared away for l want
to speak to you about the business situa-
ton of the world so far as America is
concerned.
The Agricultural acreage of this coun-
try ought to produce twice what it is now
producing. Under the stimulation and in
struction which have recently been char
acteristic of agricultural development 1
think we can confidently predict that
within, let us stay, a couple of decades,
it will be something like double. whereas,
there is no likelihood that the popula-
ton of this country will be doubled with
in the same period.
But have come to discuss the general
relation of the United States to the busi-
ness OF the world in the decades immedi-
ately ahead of us.
I'VE have swung out. my fellow citi-
zens, into new business era in Amer
ica.
Il need not remind you how recently
it has happened that our attention has
been extended to the markets Of the
world
1T happened that American produc-
ton, not only in the agricultural field and
in mining and In all the natural products
Of the earth, but also in manufacture
has increased in recent years to such a
volume that American business burst its
Jacket. 1t could not any longer be taken