The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-11-11
Corey, Gould. Prick and Others
Talk on Question of Tariff
Reductions
ALL GIVE PRAISE To
PRESIDENT-ELECT WILSON
Changes Proposed by Democrats
Will Be Made Gradually,
They Believe


bufiness and finance appear to be OF
the opinion that questions relating TO
the tariff will be handled conserva-
lively by the Democratic administrar
ton. On this belief II II held that
the business Of the country, which
had gained such lemarKabfe headway,
will continue uninterrupted
James ]. Hill. commenting on the
results OF the election, declared the
success OF the Democratic party would
not have an adverse effect on busi-
ness. He said:
II feel better over the general out
look than l did before the election.
Al attempt was made to bring about
political revolution. but the Ameri-
can people, while desiring q change,
Jhowed their good sense by repudiat
ing the revolutionary doctrines offered
them and sticking to sound principles
and established methods OF bringing
about their wishes.
Gov. Wilson. deep student OF the
history OF nations, has the training
and qualifications which should make
nim an able president
w. +. Corey. formerly president or
tho United States Steel Corporation,
now identified with many Industrial
aud railroad companies, fHvors a grad
uhl reduction In the tariff, but not a
reduction sufficiently drastic to dis.
ruIb the countrys commercial and
financial equilibrium.
II am convinced said Mr.. Corey,
that Mr.. Wilson will make an able
and conservative business president
and that the business of the country
ss whole will reap great benefits
turing his administration. That he
viii handle the tariff and other prob
lens ably and conservatively, there
seems to be no question.
"Ali indications point to q continu-
alton OF the prosperity the country
ia now enjoying. and business should
be gwen u further impetus by the
outcome OF the election"
Mr.. Corey added that the steel ami
copper industries were doing more
business at present than ever before.
and orders on the books promised a
continuation of this activity for Ions
time.
George ]. Gould is well pleased with
the result OF the election, and ex-
pects a Democratic administration to
have little or no effect on business,
which 10 now on q sound basis, ana
said so:
"The tariff adjustment" he said.
cannot be made In day, a month,
or year, and any changes will be so
GRADUAL that business viii readily adj
just itself to the new conditions"
Inn
larly we'll pleased with Mr.. Wilson .
able and sensible conduct throughout
the campaign | believe he will give
the country good, safe and sane adj
ministration, and that the business in
terests have nothing to fear"
AlVin Krech, president of the Equit-
able Trust Co., predicted slowing mp
y. business as the result OF the Demo
cratic victory and coming tarin re-
vision
This will occur" he said. until
the country can find out df>niteiy
what the new administration intends
10 do with the tariff. and how drastic
and how precipitately the question Is
attacked. III the new congress pro-
cecds cautiously and gradually there
is TO doubt that business Will finally
adjust itself to any changes without
serious disturbance"
p. r. Yoakum, chairman or the
board OF the Frisco lines, said:
'T am very much pleased with the
election OF Wilson. From my personal
acquaintance WITH him, am confident
he will carry out all the policies ne
has promised during the campaign. l
arm sure he Is earnestly In favor OF
everything ne has advocated, and Is
entirely competent.
The Democratic victory does not
bv any means settle all the big eco
nomic questions OF the day. In meet.
ing these the Democratic party is on
probation. The entire country looks
10 II for results during the next TOUR
years"
Francis L. Htne, president OF the
First National hank, declared the
election Of Mr.. Wilson present6S nc
!mm ediate possibility OF danger fol
the country, and as regards the 10
ture, zone can only wait and see.
Felix NJ. Warburg, OF Kuhn. Loet
q Co. said the result was fully ex
pected. He believed 1t was a matter
| or reporach with the Progressive
party that IL succeeded In demolishint
more than II had constructed.
| W. w. Lawrence, president OF th'
National Lead Co. said: III the neT
Democratic congressman should at
tempt TO repeat the errors In legisls
ton which have characterized them u
the past,-iH-the- preeidsnt tneN
will run counter 10 rock that can
not be moved. In other words. ] be
llIeve In the strength, good sense ano
ability Of Gov. Wilson, and ! nave nc
concern for the future OF all the DUST
ness interests OF tho country.