The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-11-12
HENRY cLEws AND aus NESS

NEW YORK, Nov. 12.-The cleo
ton is over and with it an important
element of uncertainty disappears.
The overwhelming victory of Mr..
Wilson, due largely to division of his
opponents, emphasizes the coming of
new era and the entry into business
affairs OF important new political is
sues. the solution OF which, IL wisely
handled, will largely solve present
discomfort. That any radical depart
ures are impending seems highly i'm
probable. Mr.. Wilson is an evolution
list, not revolutionist. His party is
likely to be promptly divided into
radical and conservative camps, with
an Influential Republican minority ca
pable of throwing its weight on eth
er side, 80 that extreme action will
be difficult. The great issues for
first treatment are the tariff ard the
trusts; the former having a pro-
nounced lead. The emphatic char
acter OF democratic successes may
hasten tariff legislation and precipi-
tate special session, though Mr.. Will
son is believed to prefer postpone
ment of action until the regular as
sembly of the new congress a year
hence, in order that he may nave op.
iportunity to properly familia-ize him.
/ self with his new duties Hasty ac-
ton is of course undesirable, yet it
may have to be faced; and the steel
nd oal,a
the chief objects of revision if the
plans of the old democratic tariff
leaders are to be carried out, as
seems possible at this writing. After
all has been said and done, it is not
likely that any serious inroad will be
made In the tariff beyond moderating
the extreme schedules. The tariff is
no longer strictly party issue, and
the democratic party now includes an
influential protectionist element which
would join the republicans in oppos.
ing extreme measures. Mr.. Wilson.
though a low tariff advocate, is CD.
posed to radical changes, recognizing
/ the unwisdom of violent disturb.
ance to established industry. and hav.
Ing already advocated a gradual re.
vision. Revenue necessities will also
limit downward cuts in rates. Never.
/ theless, the fact that tariff changes
are impending will be unsettl.ng to
4 certain industries, and no relief can
be expected until decision is reached.
j Outside OF the few industries vital.
ly dependent on the tariff, the fact
i that the election is over Is most en-.
lcouraging. Political agitation will now
i largely subside and must run on
more rational lines The incentive RI
win votes by sensational methods is
gone. Radicalism has received a rro-
nounced check, and once more at thu
Icritical moment the people of the
! United States have shown that they
cannot be induced to follow extrem.
lists, no matter how fascinating and
plausible their theories. Apart from
the tariff question. there is much in
I the election that should strengthen
1.-THE confidence of business men The
president-elect is man of high char.
tacter, great ability, firm purpose and
temperate action. There Is nothing In
his election that is likely to interfere
with business activity. That Is more
dependent upon the stimulatinn 81
fects OF the magnificent haryests
than upon any political activity ,r pol
icy, although the present forward
movement In business will unoues-
tionahly run its course more freely
and more smoothly now that tho ei
Y ton is matter Of history. All ind.
cations point to period OF exception.
al business activity which sooner or
later must be reflected in higher sc.
curity markets. Monetary conditions
are improving, and the iron and steel
industry continues on its record.
breaking course The business booms
lin England and Germany show NO
signs of cessation, and since our pres.
ent Industrial activity is partly de
pendent upon worldwide devotion
ment there is the greater reason for
its longer continuance. The foreign
trade Of both England and Germany