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laws. Mr. Wilson, then, was known to the country not only as a reformer but as a successful reformer; and his victories over the professional politicians of the old school had removed most of the latent fear of the ineffectuality of a scholar in politics. In point of fact, the chief interest of this particular scholar had always lain in politics, and it was partly chance and partly economic determinism that had diverted him in early life from the practice of politics to the teaching of its principles and history. Abroad, where his election was received with general satisfaction, he was still regarded as the scholar in politics, for a Europe always inclined to exaggerate the turpitude of professional politicians in America liked to see in him the first fruits of them that slept, the pioneer of the better classes of American society coming at last into politics to clean up the wreckage made by ward bosses and financial interests. Scarcely any American President ever took office amid so much approbation from the leading organs of European opinion. His radicalism caused no great concern abroad and was regarded with apprehension only in limited circles at home--and even here the apprehension was more over the return to power of the Democratic Party than on account of specific fears based on the character of the President-elect. The business depression of 1913 and 1914 would probably have been inevitable upon the inauguration of any Democratic President, particularly one pledged to the carrying out of extensive alterations in the commercial system of the country. For in 1912 Wilson had been in effect the middle-of-the-road candidate, the conservative liberal. Most of the wild men had followed Roosevelt, and the most conservative business circles felt at least some relief that there had been no re-entry into the White House of the Rough Rider, with a gift for stinging phrases and a cohort of followers in which the lunatic fringe was disproportionately large and unusually ragged. So Woodrow Wilson entered the Presidential office under conditions which in some respects were exceptionally favorable. His situation was in reality, however, considerably less satisfactory than it seemed. To begin with, he was, in spite of everything, a minority President and the representative of a minority party. He had even, during a good part of the Baltimore Convention, been a minority candidate for the nomination. If the two wings of the R
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