The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1913-05-10
NO FEAR OF PANIC.
PRESIDENT EXPECTS NO BUSi-
NESS UPHEAvAL BECAUSE OF
TARIFF REVISION.
BUSINESS WILL ADJUST SELF
" Any Plants Are Shut Down, Say
Democrats, Il viii Be for Political
Effect-Expects Senate to Pass
Bill.
BY GEORGE CLINTON.

BY GEORGE CLINTON.
shington.-President Wilson does
not expect any business upheaval be-
cause of the changes in the tariff. He
thinks that business will adjust itself
rapidly to a competitive basis and be
just as prosperous as 1t has been In
the past. and this in the face Of the
fact expected by the Democrats that
prices will be lowered to the consum-
ers OF the country. 1t will be remem-
bered that some time prior to his in
auguration Mr.. Wilson had something
to say about hanging higher than Har-
mon men who maliciously should ere
ate panics. The president was criti-
cised for saying this and was called
to account for it by good many
newspapers.
There was no word from New Jer-
sey after this speech was made and
the critics had been given a chance
to say what they wished. that Mr.. VIII
son was at all disturbed by what he
read and what he heard concerning
his higher than Haman" utterance.
II is known today that he thinks that
turing plants shut down following the
enactment of the new tariff bill they
will do so for effect, and that they
will be glad enough to start the wheels
going after a short period OF silent
and thoroughly understood protest.
Democratic senators and representa-
tives OF the progressive kind are talk
ing today about the possibility Of the
shutting down of shops with malice
prepense" after the tariff bill goes IN
to effect. They seem to think that
Mr. Wilson's words before his inau-
guration and his known feeling since
he became president, will check any
attempt on the part of the protected
industries to make what the Demo
Gratis call "a grandstand play" against
the new schedule.
Senate VIII Pass Bill.
President Wilson has been receiv-
ing reports from progressive Demo
cratic senators which have given him
a more cheerful view Of the probable
tariff outcome in the senate. The SEN
ntors who have been cheering Mr.
Wilson may, Of course. be overhopeful,
but they have given the president
what he apparently thinks are genuine
reasons for a belief that the upper
house will put through the customs
measure in the shape In which the
Democratic majority in congress ap-
parently desires 1t to go through.
In talking about the tariff mes sure
after they had seen the president the
progressive Democrats. whoss hearts
are cheerful on the subject. prefaced
their words by saying tat the senate
today is known to be. more progressive
than the house.c.aEd II the house shall
.-TT.a,ssss-stAe billfn the shape that Mr.. VIII
son wishes why should not the senate.
more progressive. put it through
also?"
The obvious answer of the critic to
these predatory words will be that
while the house may be more conser-
vative than the senate. as It Is at pres
ent constituted. the Democratic ma
jority in the lower chamber is over
vhelming and a commanding part Of
their majority is willing to stick to
the party program even though II does
not meet the wishes of individual Dem
ocrats.
The president has been told that
there will be no material changes
made by the senate in the tariff bill
as il comes over from the house.
Some of the progressive Democrats
in the senate. men who have been in
clined to hold fast to the free-trade
faith, think that Mr.. Underwood has
kept the rates too high on some arti-
cies OF import. They say that sugar
and wool and few other things have
so occupied the attention that sight
has been lost of some Of the other
schedules which they think we'll might
be given the surgeons treatment. It
seems likely. however. from what
some of the progressives Of the SEN
ate say. that II they can keep the wool
and the sugar legislation intact as it
is drawn by the house. that 1t will be
injudicious to attempt to carry the
matter much further.
To Hold Open caucuses.
II seems now virtually to be as
sured that before the present ses.
sion of congress comes to an end
the Democrats of the house will
be holding open caucuses. This may
not seem at first blush to be q very
startling statement. but 1t is full Of
significance Of the change which has
come over the minds Of the leaders
OF the parties on the subject of taking
the public into their confidence when
they are caucusing on matters Of leg.
fslation or upon the question Of what
men shall be given the chief Offices
In the house Of representatives.
Never in the history of congress