Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-06-02
Washington
Y ' LETTER
BY H. B. WALKER
TRADE BUREAU FAILURE
star stan correspOndent
Star Bureau
Metropolitan National Bank BLDG
WASHINGTON, June 2.

WASHINGTON, June 2.
1t is undenied, even by the mosi
enthusiastic advocates of the Under.
wood bill. that it's enactment will ere
ate confusion in some industries, ano
probably put them out of business
Although Democrats point out that
the Industries likely to be really
hurt are exotics. which should never
have been allowed to become estao-
lished. if is admitted that even the
destruction Of these exotics will cause
a considerable amount of business
undest, loss of some capital, and will
create more or less unemployment
and enforced readjustment.
1t is not expected, however. that
there will be enough trouble caused
to this class of industries to bring on
really hard times and general de-
preston.
1t is among the industries con-
trolled by Wall street which will not
be injured by tariff revision so far as
their legitimate rights and interests
are concerned, that the artificial de-
preston is looked for. 1t is to be
made to order to bring the old Re
publican reactionary machine back
into power and setting back the
progressive tendencies of the country
which otherwise are likely to result
in destroying not only the tarlff
monopolies, but the banking. patent,
railroad and utility, mining, water
power and land monopolies as well.
Special privilege is playing for high
stakes. and can afford to take desper-
ate chances to protect it's own
pockets.
Redheld's Plan a Failure.
Since the first few days of its nov
city wore off, it is becoming plainly
apparent, too, that Secretary Red
fields plan of a commerce bureau
to investigate industries and expose
those which claim tariff injury with
out justification, is not going to
work. Big business is not afraid of
the plan.
If for no other reason. 1t is be-
coming apparent, the Redfield plan
cannot be made to prevent the crea-
ton of artificial panic and hard
times, because it won't get results
quickly enough, and when he has OBJ
tanned his information, there is no
way in which he can do anything
other than print it in the papers.
The Redheld plan lacks teeth. 1t
is pointing an empty gun at the pre-
datory trusts and special interests,
and the interests know in advance
that the gun will not be loaded. In
the weeks or months it would take
the agents of the Secretary of Com
merce to ascertain the facts as to a
single industry, an order from Wall
street would create a widespread de-
preston that would throw hundreds
of thousands of men and women out
of work, create bankruptcy among
thousands of merchants, and bring on
general hard times. And even few
weeks of such conditions, Big Bust
ness rightly believes, would bring the
breadwinners of the country so close
to restitution that they will be will
ing to put the Republicans back in
to power or accept any party or con-
troll in government that will promise
them a change and chance to earn
a living again
Progressiyes Apprehensiye.
This is the topic of real interest
that is being talked at the Capitol
and White House and throughout
Washington just at present. 1t is
being talked mainly in whispers, and
it isn't getting into the newspapers
generally, because it is not the sort
of thing anybody feels justified in
talking about publicly and in definite
terms. Progressives of all parties are
talking of it apprehensively, but as
yet in whispers. Reactionaries are
talking of it, but in lower whispers
because they are jubilant over the
outlook for the program bringing
them back into power.