The daily banner. (Cambridge, Md.) 1897-2008, 1918-07-12
Wilson Administration
Masters War Problems

Even partisan critics admit that
the Democratic party is constructive
and capable of mastering the great
economic problems OF a world war.
Why? Because they cannot escape
these unprecedented achieN ements OF
Democratic President and a DEM
ocratic Congress.
The Federal Reserve Law, con-
ceived and executed before Germany
set the universe on fire, enabled
America not only to face the greatest
conflict in all history without ire
NOR. but has placed the country up
on a sound and stable basis; has
emancipated industrial ami CONNER
cial interests from domination by
special interests; freed the nation
from the danger of financial panlcs
and made possible the wonderful ex-
listing prosperity.
The Farm Loan Act, passed as an
economic measure before the United
States was a belligerent. has given
to farmers at reasonable rates OF
interest the means for raising neces-
sary crops, needed to feed our Army
and Navy and civilian population and
the peoples of our Allies. The OPP
Grafton of the system has had the
effect of realizing a reduction of at
least one per cent. in the average
rate of interest on farm loans.
Government Control of Railroads,
has eliminated obstructive competi-
ton which previously hampered pri-
vately operated carriers and has
speeded up production of war essen
tials by expediting transportation.
The public, the railroad employees and
the stockholders all have derived
benefits from this progressive step.
The public gained through the eradi-
cation of~cut-throat methods: the
employees gained through increased
wages and fair working hours, and
the stakeholder gained by guaran-
teed return on his investment.
Lie W dT VI
vides essential credits for industries
and enterprises necessary or con-
tributory to the prosecution of the
war. 1t extends needed aid to war
industries to enable them to meet
the demands of the country, and in
sures a continuous and adequate flow
- fo cn1Iinpc ap1 A11inc
The Alien Property Custodian is
placing millions of German-owned
and German-controlled dollars in
the United States at the disposal OF
the Government to be used against
Germany during the war.
The War Trade Board, under Pres
idential proclamation, is carrying on
an economic warfare that prevents
trade with the enemy. Controlling
all exports from and imports to the
United States, the War Trade Board
has rendered exceptional service to
the country and our Allies.
War Risk Insurance not only for
titles the soldier and the sailor and
their dependents in the event of
death or injury, but likewise insures
American merchant ship owners,
masters and crews against the loss
of vessels, death or injury while car
rying supplies overseas to our troops
and our Allies in Europe. Because
of the Navy's effective work in the
submarine zone the Marine Insur-
ance rate on bulls and -cargoes has
been reduced from L to per cent.
since the, beginning of the war.
Dependents of our fighting men,in
addition to being assured indemni
ties and compensation if their loved
ones make the supreme sacrifice, al
so are aided by the Government
through a system of allotments and
allowances during the war period
The Tariff has been removed from
politics by the creation of the Tariff
Commission, nonpartisan body,
which is quietly. but effectively, pro-
yiding means Of protection TO Ameri-
can manufacturers against any emer-
gency which may follow the close of
the war