AMERICA'S NEW POLICY.

Taranaki Daily News, Volume LV, Issue 189, 30 December 1912, Page 6

AMERICA'S NEW POLICY.

GOOD FEELING TO NEW ZEALAND. New York, November 23. The sweeping victory of the Demo- : cratic party at the elections in Novera-' ber, when Mr. Woodrow Wilson, at present Governor of New Jersey, was elected to tlie Presidency of the United States, has not in any detrimental way affected Wall street. Prices vrere considerably higher on 'change the day after the election, and but for the European war cloud, which is breaking up, the market would have shown considerably advance, as the United States is blessed with the most bounteous crops ill tfoe country's history, and the trade of the nation is the most active in many years. Wall street really discounted this great change, as is the custom of the "street" in all vital matters, because Mr. Wilson's nation-wide popularity and strength and fitness for office were winding out in a most marked degree.

The incoming of President Wilson's Administration means a great deal to Australia and New Zealad. For Iff years there has not been a change of conditions in the United States, as affecting these dominions of the South Pacific, but now matters will be cliangad, and New Zealand and Australia will have an opportunity to get in closer touch, and on more equitable terms, with the United States, in real reciprocal relations which are bound to prove mutually advantageous. The new President has high ideals of public duty, and he enters on his work with clean hands. With President Wilson in tlie White House, exercising his true spirit of "charity to all and malice towaTds none," and with a strong mind to carry out his plans, New Zealand'ers, and Australians will find that the incoming' newly-constructed, democracy will tend to their' peace, prosperity, and further fraternal and commercial alliances that are certain to work out mutually profitable. With the change will come the opening' of the great I'anama ] Canal in 1913, tlie same eanul for business in 1914, and the largest and most complete of all international expositions in San-Francisco-in li)lo. The time is ripe for all to unite in one harmonious effort to bring about reciprocity and co-operation between the United States —now untrammeled' by party bosses— j and Australia and' New Zealand. If this can- he accomplished,. New Zealand ' and -Australia will have reason to be thankful for the triumph of tiiie American' democracy and the ascension of Governor Woodrow Wilson to tlie Presidency of the- United States*