New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-27
|. GDGGENHE|M PESS|M|ST.
IN Many Inquiries for Good of
"" Business, He Says.
.oIIR1 DECISIONS PULLING
=. .rcier Declares We're the
~ Laughing Stock of All
economists Abroad.

-, Guggenheirn. president OF the
p'- smelling and Refining Company.
sne' ,,,erview yesterday incidental TO his
." for Europe this morning. ex-
gar himself as pessimistic regarding
f' conditions. and entered into an
Asp, ~ the reasons for the slowness
npsiness revival in this country. He
S,,sav responsible for the present lack
y" sssnce the series Of government in
q 0~.,,oYs. and contrasted the attitude OF
ss'ss,,.d States government toward busi-
- '',-,hjnations With that of various
.,,ssn governments.
IN =. germany. England and France" said
"c,ssenheim. they are now having,
I've for a long time enjoyed. excellent
r.ss conditions. whereas we during the
81 wears. with only a short Interrupt
,avs been and are now doing not 10
W. a t,on1 o. 10 20 per cent Of our actual
90. caracity. The captains of indus
r. financial men generally. when in
We'd. give out hopeful views, and
uhen certain things are out or the
- mslness will improve.
=. ,s nrst one thing and then another.
time il was our finances, our none
sys,erl being all wrong. which must
t..rged. another time we were waiting
". decisions OF the United States SUI
-. Court; another the spring crops.
Ut Is the summer crops.
,r. .hould now be having the greatest
..,,y Of any country in the world.
:. snances are sound. money is very
'.,A,l and our harvests have been aoun-
=, put We are the laughing stock or
: rrronean economists; every so-called
-,.sin OF industry is supposed TO be
Val liable 10 prosecution. lnvestiga-
-. are going on galore by the legal de-
...-s,, Of the United States. not because
(, dspar;ment knows that our corpora
- are doing illegal acts. but to protect
L-sslves from Congressional criticism.
~. Supreme Court of the United States
- rendered every important decision that
I. country has been waiting for for
- time Nevertheless, the officers of the
&C.. eorrorations DO not know where they
- A. And again the advice is 10 wait,
,r wait This is the cause of so many
olr large industrials not making eX-
,,si,ures which would start the business
s.ssls In motion.
In Germany. where they are now and
~ been so prosperous there is hardly an
,-,ele OF importance that is not synd!-
IA Furthermore. the government lends
.vf IN many cases as a partner 10 these
7-iicates.
q believe II we had a competent govern
al, board comprised OF men who would
sSv business conditions, such a board
|,uN 10 very useful in the development
our industries. This board might work
wniunction with the Secretary of Com
-.,. II could collect data from different
z-,s Of the world through our consuls and
-,6v the conditions Of those countries
ray the conditions for tariff legislation
I'd amendments and furnish the corpora
rs with much data that would be useful
. rem in order TO supply the wants OF
.,srn countries, and at the same time
finish Congress with any data that II
-!hi need.
Is regards copper. do rot feel al all
r.syv because Of the likelihood Of copper
.srg al TOO low a price in the near fut-
q NJ uneasiness is because OF possible
z-away market, upward. that is likely to
u. place