Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-01-04

that. If it were the tariff il would he
the tariff ghost. and not the tariff fact
for the tariff fac; is that the importa-
tons are less. not more. and the de-
| preston cannot well be caused by a com
, petition which does not exist. On the
other hand. the facts are that we are
| the competitors who are feared.
! 1T is normal to Americans to want to
i lind single cause for such trouble as
there is and hit that. and we are natural
ly impatient if we cannot find one thing
of which we can say DO this, or Stop
that: but in the complex work of mod
ern business there are many causes OPP
! Grating together. and il is folly to at
| tempt to single one ont and say. This
| did it, because however much that sin
| gle cause may OPERATE it is in its opera
ton modified by hundreds of other causes
acting and intsractiny so as to make IT
| impossible to select one cause and treat
| il as If it stood alone.
Undoubtedly time is required for re
| adjustment to tariff changes. 1t is normal
| that it should be So
Hesitation Due to Currency Bill.
There has o: course been { normal
| hesitation. too. until il WAS known what
the final form of the currency hill would
| be. Was or was not the country to be
| left will the old. iafeXible system2 II
not. was the substitute TO be good or bad ="
! Some said il was one and some the other
! 1t is no more than natural that new en-
terp'ise should pause until this was
/ settled
In the same way there has beer nat
| ura1 hesitation until something was known
! OF the policy of the administration toward
| the so-called trust problem. This has
been relieved by the tone at once firm
and sy:npath etic OF the President letter
! to the Attorney General in the American
/ Telephone and Telegraph case, confirmed
/ by his fine address at the signing of the
currency bill.
| There remains another factor arising
| from the fact that our railways have cut
down their purchases because of the
| numerous cases in which net earnings
| have diminished. They are the largest
buyers and the largest employers We have
and whatever diminishes their buying OF
their employing is reflected at large
| 10 not assume to discuss in the least
| whether the remedy they seek is the
! right one. 1t may well be that more
than one thing must be done before this
particular situation will iron itself out
But the case of the railroads is being
| impa rtially heard before a fair tribunal
which will in due time and without UNI
due delay render a decision based upon
| IA thorough study of the evidence pre-
Esented and free alike from partisan pas
sion and personal prejudice. This OF
itself is reassuring fact.
On Monetary Debauch.
| New England has been hard hit by the
| 6n,pcia, Troubles of tho Roston and
| :, :.
Niaihe anu 'he Ne" raven raiiioaus
| They have been on something of a none
| tary debauch up there and this is tho
cold, gray dawn Of the morning after.
is heinz trc.tnd in tho s,,onn thopo,,ai
way IL conan1axity Jam.nds ND th.,,
with the passing of time it is normal that
emerge.
. ie@,.l"n'i. ~ i''aiii l,its ~. SItGa. io
a i.rsr bonse Observation-Disclosures wnmen:s
! clothing writes me December -:
Our statesmen for the last three weeks
nave osei oooh-iS oIuefs 20, spt!IS ue'
creas. over tho business honked one
wear ago. although the spring of 191:
was considerably in excess of any pre-
Nlous spring \ recent ahaiEsis OF these
-, - ~ i,,.,.,..,s
! in ahout SO ner cent and that the tota
shows an increase Of about Il per cent
| VI course 1t Is altogether 100 carry ta
!pl ~ any op.iipn a. ~ az, 'o t
| tai,ine onr ra,y n,ateria1s that consist
of yarlage, woolens and worsteds of con
siderably- better value than under the old
cohui.iols' an" die uetei .iii.ieu ~ -,
ca as +o msintain orr American marl,e,
| .o,i.st foraipn encro.cbmant,
"Anotber large concern that was at one
| time ser;ous,., concerned about tariff
changes writes me through one of it's of.
| Gcers.
| lyon will perhaps he glad to learn
| incidentally. that i'm 10 date we
have not found any serious effects from
the change in the tariff
No Overproduction Threatens.
/ Meanwhile we are told TINS countr.
and all the world are well liquidated ant
no large oyerproductiou threatens. 4
x..r 400 there Voc h,ood, war in FIN