Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-11-07
WILSON, HAMPERED,
CANNOT HURT THEM,
BUSINESS MEN SAY
New York Commercial
Leaders Expect Early Res
toration of Normal Condi-
tions and No Adverse Leg
islation.

| NEW YORK Nov 7.-Representatives
! OF business and financial interests in this
| city expressed themselves today as being
| satisfied with the business outlook Of
| the UTited States following last Tues
| days election.
! The optimism was ba sed on the belief
| that with the Democratic majority great
| ~ reduced in Congress there would be
| less radical legislation and agitation
| against big business.
The reverses suffered by the Demo-
| Gratis in many parts OF the country were
| interpreted as meaning that the people
were tired of business depression and
wanted a change. It was pointed out.
II was said there was now n stronger
feeling Of confidence in an early restora-
tion of normal conditions in the business
world and that there would be gradual
Improvement all along the line.
The assertion credited to President Will
son to the effect that he intended giving
the country a respite from the legislative
attacks hurled at railroads and large in
dustrial corporations was received with
profound satisfaction in local financial
and commercial circles
With such respite, backed up by the
Presidents influence and sound advice, it
was believed that the promised Industrial
boom was only matter of few weeks
country have orders for millions of dol
lars Of war supplies for the European
nations was referred 20 as another indi-
cation of the beginning Of prosperity for
the whole nation.
"a LESSON FOR WASHINGTON"
''rhe present so-called depression Is
largely due to the fact that Washington
continually harassed business until il did
not know which way to turn" said j.
B. Dickson of Dickson &c Eddy. coal
merchants.
Each day, almost, since the beginning
OF the Wilson Administration, has brought
something new that has tended to un-
settle things more than ever. The busi-
ness world has not had an opportunity to
adjust itself to one thing before some
thing else has been sprung upon it.
THE result Of the election on Tuesday
last was a good thing, and good is bound
10 result from it, for It will teach Wash
ington that It is about time to leave busi
ness alone for a while"
n. S. Freeman, vice president of the
Liberty National Bank, said:
. 'There can be no doubt that there Is a
better Feeling in the business world
Things arc working out better each day
now 1t is largely a question of public
sentiment that seems to have turned In
| regard 1t, the future seems more hope
full than 1t has for some time. The hort
zon is clearer, and, in brief, everything
seems TO be hooked UP for a good strong
pull together.
''The result of last Tuesdays election
gave evidence that the voters want a
change for the better in business Wite
the Inauguration of the new Federal re-
serve system, and with the volume of
business that is coming in from foreign
countries we are bound to have improved
business conditions If people will only
look on the brighter side"
SECURITY IN SMALL MAJORITY.
THE result of the election will be a
more hopeful feeling among business
men," said Welding Ring, chairman of
the Committee of Foreign Commerce of
the New York Chamber of Commerce.
81 do not say more cheerful feeling;
but 1t will be more hopeful The result
will not be because OF Democratic re-
verses. but will be the effect of the de-
creased majority in Congress, and would
obtain whether that decreased majority
was Democratic or Republican.
with a small majority, President Will
son will not be able to put his program
through as he might with a large margin
OF votes. / do not look for more than
the appropriation bills and one or two
other important measures TO go through
at the coming short session.
1.-The result, of course, will be to make
conditions more stable. Immediate radi-
cal legislation need not be feared. The
opposition to the Democratic majority will
put up a harder fight. with the object of
postponing action until the next session,
when Democratic control will be less se-
cure.
1.-THE two things which this countJy
needs are relief for the railroads, in the
matter of freight rates, and less radical
legislation and agitation against so-called
"big business" The latter can be ex-
pected to result from the effects OF the
election. A more definite prediction Is
impossible now. 1t is too soon after the
election to observe any effects already;
we can only say what We expect the effect |
h.,