The Washington herald., 1914-05-29
"a Bus;ne.s ed s ske 10 -.


President Wilson pronounces tie comptains iroui
mind He prescribes moA operations 1t once m
predicts speedy recovery and kstoration to sisorc
health He evidently believes business i possessed Of
wonderful constitution and mexhaustbje vitality.
Congress may ss we1l prepare to stay in Washins-
ton until long after midsummer. Business mast sei
ready TO surmount new legislative obstacles and ad.
just its machinery to more changes in conditions nov
impending.
There can be no doubt that the Presidents an.
nounccd determination is final He was visited YES
terday by representatives of the National Implement
and Vehicle Association the Ohio Manufacturefs As.
sociation and the Illinois Manufactu.ers Assocation
who are in Washington attending the foreign trade
convention. and urged to postpone all business leg
islation with the exception of the trade commission
BILL for these reasons
business throughout the country is hestating
The unemployed are numbered by hundreds Of
thousands.
abundant capital awaits investment
We believe that murh of the proposed Legislation
us potent cause of unemployment of capital and
labor at this time
An assurance from Congress and the admins
tration that after the passage of trade commission
bill no more business legislation would be enacted
until the country has time to become acquainted with
it, would business interests, give capital
courage and employ labor
business men of the country are now entirely ig-
norant of the provisions of the proposed laws"
The organizations presenting these compelling rea-
sons to the President representative of States
in which factories number 3sI64, employing Io84.
900 workers, with annual pay roll of $78z.36s.ooo
and when he rejected their appeal all hope of White
House restorative for business vanished. Congress
record during year of Wilson rule indicates the
measure of hope in that direction.
The President declined to postpone his program
because he thinks it best perform al the operations
on the patient at and then let it rest and be-
cause he believes that business depression prevails all
over the world and is nothing but state of mind
and that great prosperity is not far distant.
The Presidents reasoning is not convincing, his
plan to still further PROSTATE industry will be
demned by all who have felt its pulse, but his
confidence and sincerity challenge admiration and
hope that combats reason that he is not to have a
shocking awakening Whatever may be the condi-
ton in other countries the "state of mind" in the
United States is easily accounted for by the curta
ment of our great home market by tariff which in
duces the purchase abroad of products which our
artisans should be busily employed in manufacturing
at home, by the uncertainties of new currency law
enacted six months ago and yet put into opera
ton, and by avalanche of legislation pending for
months intended to regulate business enterprises
one knows how. Under such circumstances state
of mind" in the nation is natural complaint as
a state of mind" in the individual who has been
bound hand and foot and his house set on Ere.
Confronted by the practical certainty of further
trials the American business will toll bravey on
in his task of overcoming them. To what extent he
will succeed only time will reveal One prediction may
be made with confidence equal to President Wilson'S
The great prosperity which he near at hand is
further away result of his determination to keep
Congress here all seeking to enact legisla-
ton which vitality affects it.