Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1914-06-26
SIGNS Of BUSINESS
REVIVAL EVIDENT
CONTINUED From First Pagel

that the Presidents announced atti-
tude would have the effect of rallying
Democrats to the plan to dispose of
the trust program. This belief was
further strengthened by the fact that
the entire Missouri delegation in the
House had pledged the President their
aid in his fight. That the President
feels ure that Congress would complete
the program at an early date was
made evident in his address to the
editors.
The speech, in part, follows:
Il think it is appropriate in receiv-
ing you to say just word or two in
assistance of your judgment about the
existing conditions.
Il want to say to you that as a mat
ter of fact the signs of very strong
business revival are becoming more
and more evident from day to day.
Admits Business is Feverish
want to suggest this to you:
Business has been in a feverish and
apprehensive condition in this country
for more than ten years; | will not
stop to point out the time at which it
began to be apprehensive but during
more than ten years business has been
the object of sharp criticism in the
United States, a criticism growing in
volume and growing in particularly;
and as natural consequence, as the
volume of criticism has increased busi-
ness has grown more and more
anxious.
Business men have acted as some
men do who fear they will have to
undergo an operation and who are not
sure that when they get on the table
the operation will not be a capital op-
Grafton. AS a matter of fact, as the
diagnosis has progressed 1t has become
7 more and more evident that no capital
OnGrAtl0n ha
most a minor operation was necessary
to remove admitted distempers and
evils. The treatment is to be consti.
tutional rather than surgical, affecting
habits of life and action which would
have been hurtful. For on all hands it
is admitted that there are processes
of business or have been processes of
business in this country which ought
to be corrected; but the correction has
been postponed, and in proportion to
the postponement the fever has in
creased-the fever of apprehension.
Would End Guessing
There is nothing more fatal to
business than to he kept guessing from
month to month and from year to wear
whether something serious is going to
happen to 1t or not and what in par
ticular is going to happen to it If any
thing does. 1t is impossible to forecast
the prospects of any line of business
unless you know what the year is
going to bring forth. Nothing is more
unfair, nothing has been declared by
business men to be more harmful, than
to keep them guessing.
First, there was tariff, and busi-
ness shivered. We don't like to go in;
the water looks cold;' but when the
tariff had been passed it was found
that the readjustment was possible
without any serious disturbance what.
ever. So the men said with a sense of
relief, Well, we are glad to get that
behind us. and it wasn't bad after
ALL
Then came the currency reform.
You remember with what resistance.
with what criticism. with what sys-
tematic holding back, large body of
bankers in this country met the pro-
posals of that reform, and you know
how, Immediately after its passage.
they recognized its benefit and its
passage of that reform bankers
throughout the United States have
been congratulating themselves that it
was possible to carry out this great
reform upon sensible and solid lines.
Will Not Halt Trust Bills
"Then we advanced to the trust
program and again the same dread.
the same hesitation. the same urgency
that the thing should be postponed. II
will not be postponed; and it will not
be postponed because we are the
friends of business. We know what
we are doing; We purpose to do it un-
der the advice. for We have been for
tunate enough to obtain the advice. of
men who understand the business of
the country: and we know that the