The Washington herald., 1913-12-05
Why Business Is Letting Up.

for h. new currency measure. We wonder sh.. he Informed
this point Secretary MeAdoo the other day also
THE failure to rush banking bin through No one greater
respect for the ute.ness these two gentlemen :n we :v:
IMPATIENT Ouy enough which and which
had been thinking .ee9rai. ~. d. contrary Of
the country talk with Congressional prs ives from many
nRs from every ps Of the Their ~ 4s..a opinion i,
not that the country fever Of mPsenee for new currency measure
but that the country will be mighty impatient fails to get safe and
OF you somebody writing that his
we have out both and People tell
way country feels ike this has worked along
WANT system established the existing though faulty
SAFE AND ddoa and would much rather along for three
SOUND months if by doing the end of that tune
rely having currency system that sound both
theoretically and practically: pae: guilt which may result
merchants genuinely alarmed at this announced decision that the
" & going work like eo",s u d a id oul ns so or III . %. that a
force jury decision problem Of such completely mighty dangerous
wrong impression Of what the country at Iars. Don't
tiers from here and there stir to thinking that they are typical the
community
There another points general bushes. th. country letting
seems to BE- t; letting up not for minute due to f'i. Of delay
that this letting is due to eurahng Of credit With all
CREDITS due world confident that the alert Sec
UNDULY securing all their reasonable credit requirement. Last spring
All f S S oD.n S %sl %
brakes hard because the Balkan complications and the constant
any money but they raised their actually force
America credits Europe But that difficult situation Of last
America the last ninety days. and the apprehension which
% felt by the whole community six months ha, almost disappeared
ness Istup is not due to lack Of credit facility
end this editorial right here, shall be morning
receive lot of letters the editor by Constant Reader and
tell what the etup business due Therefore, might
well tell friends that there number of reasons,
TARIFF One of hem of course of the changes the
CHANGES We ympatze with those changes and everybody
ONE knew beforehand that tariff reductions bound create
in
well be philosophical a. to this particular reason for lstuP
other, have had eua their there half dozen other
industries that have had amp put them by the tariff reduction and
Another that and have been moving
fairly rapid rate for the last three and something etup
not unnatural will look those lines that sahscians
the fluctuations Of trade will that about due for little
Still another that Europe still holding aIoof from Amer
This doesn't that haven't enough money
supplies of credit sufficient But
of available for enterprise and for all the sort things that
But Judgment greatest single the uncertainty
which business and investors feel the future of American
railways steadily decreasing dividends are being reduced
LACK OF and mped altogether and the margin safety
CONFI actual becoming
DENCE No wonder hen that investors shy putting their
and when consequently that the railroads longer
out needed extensions and mPrOVmen that of
American industrial corporations the
equally Gmd They fearful that the present
going policy wrencn apart these great business
which, without discussion Sherman act have
FEARFUL nevertheless proved manufacture and
quny profitable investment for the Amer
SMASH people We draw ourselves no
POLICY discussion of the question: without prejudice
that simply that in the of the American public
corporate future of these great units by possible
investment from other
fearing that all of business be attacked torn to
ieces.
President Wilson has almost possible
the intentions of the administration this
- with an eye to business interests He said again very
The concy his of December 2 something more
PRESIDENTS than these needed make the
ASSURANCES feel comfortable this point That
actual policy of conservatism pursued period of months,
md that what hoping both Congress and President Wilson will