The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-01-03
american News Scrvice)

Ncy York, Jan. 3.-"Slow up" Is the
warning sounded by Henry Harrison
Lewis. editor of american Industries
In an article appearing in that publ
cation today. The warning is address
ed to American business interests. In
part Is Is an follows:
II is becoming more and more evil
dent each day that conditions of trade
In this country require the immediate
attention Of all business men, One
month ago american Industries"
published a careful analysis of condi.
lions based on reports made by men,
bers Of the National Association OF
Manufacturers. The analysis showed
that business Is not good and that
trade conditions require readjustment.
Analysis Of Reports.
A further analysis Of the reports,
and factory to factory canvass. to-
gether with additional information Sc.
cured from manufacturers and other
sources. not only bear out the previ-
GUS deductions. but absolutely war
slow up II unsatisfactory conditions
are to be avoided In 1911.
As stated In last months analysis
there Is no calamity pending. no panic
In sight. but II is apparent that the
country will experience long period
of quicscent trade. constant apprehen-
sion and possibly hard times II our
a ts,., As,t al, O..
the situation and inaugurate sane.
conservative administration OF their
business affairs. This applies equally
to the great industries and to the
smaller plants. to the railways. the
nation. the civic centers and to the
individual. Capital must be invested
conservatively. speculation on possible
future demand must be restricted, and
labor must accept its share In the
slowing up OF the nations commerce.
10 Nothing Alarming.
There is nothing alarming in the
0ituation-the basic wealth OF the
country. the agricultural output, and
the riches Of mines and forests. are re-
assuring tn degree--but our present
method of administering business
must be changed materially. In other
words. we require the immediate ap-
plicaticn of two fundamental princi.
pies. or reforms which can be describ.
ed as:
Strict conservation In industrial
output. and rigid economy in business
administration.
These principles are by no means
now every manufacturer. railway
head. capitalist and merchant under.
stands them and recognizes their value
In business administration. but there
Ia q vast difference between appre.
hension and application. This country
is suffering now for want of applica.
ton OF these principles.
Many reasons have been advanced
for the present stagnation in business.
Members of the National Association
OF Manufacturers. for instance. have
offered such theories as legislative in
reference with legitimate business,
too much political activity and conse.
quent unrest and national irritation.
failure TO settle the disturbing railway
rate question, dissensions between
capital and labor, failure to remove
the tariff from political control. un.
satisfactory and inelastic currency aud
banking laws. and many others.
The Importance of each of these can.
not be doubted-Each contributes its
respective share to the general i'll. |
each should be remedied as quickly as
possible. but there is ABSOLUTELY M
question that the prime evil-the su. !
per'or cause for present unsatisfactory |
eonditions--is our tendency to 60 |
ahead too fast.