A Compilation of the Messages And Papers of the Presidents volume 18

Cover A Compilation of the Messages And Papers of the Presidents volume 18
A Compilation of the Messages And Papers of the Presidents volume 18
United States. President
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" 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 ava
...ilable 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 demonstra- tion on the farm itself of improved methods of cultivation, and, through the intelligent extension of the functions of the Department of Agricul- ture, have made it possible for the farmer to learn systematically where his best markets are and how to get at them.
The workingmen of America have been given a veritable emancipa- tion by the legal recognition of a man's labor as part of his life, and not a mere marketable commodity ; by exempting labor organizations from processes of the courts which treated their members like fractional parts of mobs and not like accessible and responsible individuals ; by releasing our seamen from involuntary servitude ; by making adequate provision for compensation for industrial accidents ; by providing suitable ma- chinery for mediation and conciliation in industrial disputes, and by putting the Federal Department of Labor at the disposal of the work- ingman when in search of work.


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