The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-03
Editor of Harper's, in London,
Discusses the Situation in
the United States.
CONDITIONS ARE SOUND,
CAPITAL WAITING
Economic Laws, He Says, Are Strong
er Than Ordinary Statutes. and
Change Little by Legislation.
Especial Dispatch.)
LONDON. Angus: .

n OLONE Ell GEORGE HARNEN, o.
Harpers, who arrived here recently,
and IS staying for the month Of Au-
gust at C!aridge's was asked yesterday
for MS views on the Wilson admnistra-
ton.
II; is case, as Disraeli said of the gen
tlelnan about TO take n second wife, of
nope over experience" lie said.
What IS tho nature OF the hope?"
THAT the administration will not be
signal!zed by history as the initiator of
class legislation in the United States"
asked about business conditions and the
tariff. Colonel Harvey sa!d:-
Fundamental conditions In America arr
sound. but capital awaits the adjustment
Of the relations OF government TO bu
Tha; was inevitable Economic la
stronger than ordinary statutes au
affected little by executive mandate. Ad-
justnent of the complicated relationship
OF manufacturing industries to reduced
tariff duties cannot be made in a week or
sometimes, in year Nor can 1t be
wrought out successfully by fine spun
theory. Practical experience, covering
sufficient time 10 determine the new re-
!ative positions Of supply and demand.
affords the only possible solution.
The enactment of a tariff measure
such as that now pending necessarily
involves certain period of Industrial
depression as a consequence of the in
evitable uncertainty of experimentation.
IL Is iole TO maintain the contrary and
II is equally shortsightcd on the part of
those in authority to hold out hopes
that must, in the light OF all expert
ence. prove TO De false and consequently
disappointing Far better to be frank
with the people and rely upon their
Good judgment TO recognize that so scri-
Gus an operation. however essential TO
ultimate health and prosperity. cannot
be performed without allowance of time
Tor resuSctation
THAT IS the true and sure way to nut
into effect a needed reform when merely
acting for the best interests Of intclli-
gent communities in response to their
own command The time has passed
when political party can succeed
through misguidance. 1t must confide
in the common intelligence and must
rely upon the common patriotism and
tAe common sense TO justify the pay
ment OF the comparatively small price
requisite 10 the achievement OF a great
economic correction. II security lies
not that way, fidelity is without shelter
and popular government Is "A failure"
Colonel Harvey said that he expected
the forthcoming tariff 10 be one, at
least which would benefit the con-
sumner by reducing. his cost of living,
oIt he old not expect TO see q change
at once. probably not in time to furnish
any capital 10 the democrats in the
next Congressional elections. He thought
mat taxing the duty Oft fish would permit
me country TO re, cheaper supply from
Newfoundland and from the British Pacific
coast
Meat should also be cheaper with
The tariff Off said Colonel Harvey
4"e american packers are now selling
native beef III Europe for twenty five
per cent less Than we have to nav at
home With the tariff off prices in
The United States viii have TO come
INTO line with those determined by the
supply from Argentina and elsewhere. +"
Colonel Harvey also looks for salts
factory currency legislation In the
United States soon. but not at the present
session Of Congress. He thinks a central
tea system Will be devised. somewhat ON
the order of the former Aldr.ch plan