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Wilson, Woodrow, 1856-1924

"President Wilson's Addresses"


The Interstate Commerce Commission is about to be reorganized to enable
it to perform its great and important functions more promptly and more
efficiently. We have created, extended and improved the service of the
parcels post.
So much we have done for business. What other party has understood the
task so well or executed it so intelligently and energetically? What
other party has attempted it at all? The Republican leaders, apparently,
know of no means of assisting business but "protection." How to
stimulate it and put it upon a new footing of energy and enterprise they
have not suggested.
For the farmers of the country we have virtually created commercial
credit, by means of the Federal Reserve Act and the Rural Credits Act.
They now have the standing of other business men in the money market. We
have successfully regulated speculation in "futures" and established
standards in the marketing of grains. By an intelligent Warehouse Act we
have assisted to make the standard crops available as never before both
for systematic marketing and as a security for loans from the banks. We
have greatly added to the work of neighborhood demonstration on the farm
itself of improved methods of cultivation, and, through the intelligent
extension of the functions of the Department of Agriculture, have made
it possible for the farmer to learn systematically where his best
markets are and how to get at them.


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