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Show WILSON REVIEWS ADMINISTRATION Democracy of Credit Established Establish-ed Monopoly Cue Off at the Root. NEXT SESSION PROGRAM Building Up of Great American Ameri-can Merchant Marine to Be Among Achievements. Washfneton. Oct. IS President Wilson made public a letter today to Majority Leader Underwood of the house, in which he reviewed the achievements of his administration, outlined the program for the next session of congress and declared "tho Democratic party is now in fact the only Instrument ready to the coun try's hand b which anything can be accomplished." Tbe president wrote the letter as an endorsement of all Democrat!.: members of congress in lieu of speech es he said he would like to make in every congressional district He predicted pre-dicted victor for his party in the elections because "every thoughtful man sees that a change of parties just now would set the clock back, not forward," and because "a practical prac-tical nation is not likely to reject such a team, full of the spirit of public service, and substitute in the midst of greal tasks either a party upon which a deep demoralization has fallen, fall-en, or a partv which has not grown to a stature that would warrant its assuming the responsible burdens of state.' Campaign to Set Business Free. The legislative program begun during dur-ing the present congress was declared by the president to have been begun "to destroy private control and set business free." He said that the people of the country had been served by this congress as "they have never been served before." Outlining the work already accomplished, accom-plished, Mr Wilson mentioned the reform of the tariff, the passage of the new currency bill, the anti-trust bills, nnd the handling of foreign problems. He said he doubted if "there has ever been a finer exhibition exhibi-tion of team work or of unhesitating devotion to the fulfillment of party pledges." Private Control Everywhere. Praising the new tariff bill, the president asserted that "private con trol had shown its sinister face on every hand in America, had shown it for a long time, and sometimes very brazenly, in the trusts and in the virtual vir-tual domination of credit by small groups of men." He said thai high prices did not spring dlrei tl from the tariff, but out of the suppression of competition which flourished more ea8lly under the protection ot a high tariff He declared that the panic which opponents oppo-nents of the new bill predicted, had not come, and that dcspl' the European Euro-pean war there had been sufficient time to prove the success of the act "The trade commission bill and the Claton anti-trust bill were spoken of as designed to make men In a small v. ;i bf business as free to success as men In a big way and to kill monopoly mon-opoly in the seed' He added that "monopolies art- built up by init.nr methods of competition." which would he eliminated by the new legislation. 'Monopoly is to be cut off at the roots," he declared Monoply Cut Off. "If our parly were to be called upon to name the particular point of principle prin-ciple In which it differs from its op-ponents op-ponents most sharply and in which it eels itself most definitelj sustained by experience," continued tho president, presi-dent, "we should no doubt say that it was this That we would have no dealings with monopoly, but rejeel 11 ;.:tpi.- th-.r. while our opponents wop-ready wop-ready to adopt It into the realm of law, and seek merely to regulate it and moderate It in its operation It is our purpose to destroy monopoo nnd maintain competition as the only effectual instrument of business lib erty." Justice has been dent- the laborer, declared the president, and his labor is no loncer to be treated as if it were "merely an Inanimate object of commerce disconnected from the fortunes for-tunes and happiness of a living human hu-man being, to be dealt with as an object ob-ject of sale and barter " Democracy of Credit. Of the currency bill. Mr Wilson said "We have created a democracy of credit such as has never existed In this country before" He declared that "credit is now at the disposal of every man who can show energy and assets," and because control of the Baid "it 1b self 'government as well as democracy." It ns impossible to complete rural credit legislation the letter added, but the federal reserve act itself "facilitates "facili-tates and enlarges agricultural credit to an extraordinary degree." Next Session's Program. Speaking of the program for tlvj next session of congress the president pres-ident mentioned legislation for building build-ing up the American merchant marine and the "completion of a great program pro-gram for the conservation of our natural nat-ural resources and the development of the water power of the country." ' Without a congress In close sympathy sym-pathy with the administration '' wrote the president, "a whole scheme of peace and honor and disinterested ser vice to the world canncn be brought to Its full realization '' oo |