The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-01-24
READJUSTMENTS ARE Hell PFUL
Business Conscience, He Says,
Has Awakened to ReaIiza-
tion of Wrongs
NEW TARIFF IS NOT FEARED

New Haven, Conn, Jan. 24.-An ar-
iirmative view Of business was the key
note Of a speech by Secretary Red
field made here today before the
Chamber of Commerce. He praised
American manufacturers for their
ready readjustment to new conditions
and declared that the flood of foreign
manufactures which it was predicted
would flood American markets with
the passage of the new tariff had not
materialized.
AYE, but you say, look at the de-
preston. Well, look at it," said Mr..
Redfeld. Look at it sancly, without
passion and without prejudice. What
do you see? But before you answer let
me ask a second question: Where are
you looking? Get the horizon big
enough, else your picture will be but
partial and may mslcad. Where then
is trade depression found? In India, in
Argentina. in Brazil, i'm Germany i'm
Encland. Where is it least? In Am
erica. Where is the rising tide from
such depression as exists felt first and
most? Here, in America. Leave aside
the pitiful parallels Of the prophets of
evil who for political purposes preach
national pain. Look calmly at the
truth. America suffers from no disas-
ter. She is better off when the worst
is said than her sister nations. From
the bottom, which at most was not
OH haa Al, ".
rising. There was just cause for hes-
tation in that which has happened in
the past. The reaction t~om the Bal
kan war, which had tied the purse
strings OF Europe and sh Vt down it's
mills, was naturally rcllec ed here in
some small degree.
Readjustments Helpful.
1T was perfectly proper that bus-
ness men, whose output was affected
more or less by the new tariff should
give thoughtful heed how to readjust
themselves TO it, They would have been
foolish had they done otherwise
Frankly the men who dreaded tariff
changes most have said, and are say
ing, that readjustments are over and
the new is at its worst nothing like
as bad IA they feared and that It's best
is helpful.
Europe begins to see its way out OF
its deep depression and last and best
of all YOU know that sympathy with
all that is finest and best i'm business
life and with the highest ideals of our
industrial activities is reenant at the
seat Of government. This il no longer
the day Of doubt but the hour of hope.
Too much perhaps there has been
the spirit on one side that what is, is
wrong and the assertion on the other
hand that what is, is right Big busi-
ness has often failed to see that its
methods have aroused "A just popular
resentment and that many of it's past
ideals and purposes were impossible
ana ntolerable in a democracy The !
men Of financial and corporate power
have had to learn that the veal OF the |
Nhirh their private interests must obe- |
liently bow. The business conscience |
has itself awakened to realization of !
wrongs committed i'm the name and on
he alleged behalf of commerce and in
lustry and will tolerate those wrongs |
no more. Even the men of might In |
inance are becoming men of light and |
eading in the necessary readiust
ncnts that arc pending The business
is becoming less in
lividual and more social