Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1914-01-29
REDFIELD SOUNDS
OPTIMISTIC NOTE:
BUSINESS GROWING

New Haven. Conn. Jan. 26.-An at
key note of a speech Secretary Red
field made here today before the
chamber Of commerce. He praised
American manufacturers for their
ready reimbursement to new conditions
and declared that the flood Of foreign
manufacturers which 1t vas predicted
would flood American markets with
the passage Of h new tariff had not
materialized.
aye, but you say, look at the de-
preston. Well look at it," said Mr.
Redfield. Look at is sanely; with
out passion and without prejudice
What do you see? But before you
answer let me ask a second question:
horizon big enough, else your picture
will be but partial and may mislead
Where then is trade depression foundi
In India, in Argentina, in Brazil, il
Germany. in England. Where Is "
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. Amer
lea suffers from no disaster. She is
better off when the worst is said h
her sister nations. From the BOTTOM
which at most was not deep, she has
already risen far and is rising. Their
was just cause for hesitation In that
reaction from the Balkan war, whick
had tied the purse strings of Europe
and shut down its mills, was naturally
reelected here in some small degree.
Tariff Helpful, He Says.
at was perfectly proper that bust.
ness men. whose output was affected
more or less by the new tariff, should
themselves to it. They would nave been
foolish had they done otherwise
Frankly the men who dreaded tariff
changes must have said, and are say.
ing, that readjustments are over and
the new tariff is at its worst nothing
like as bad as they feared and that al
its best is helpful.
Europe begins to see it's way out
Of it's deep depression, and last and
best of all you know a sympathy
with all that is finest and best in BUSH
ness life and with the highest ideals Of
our industrial activities is regnant at
the seat of government. This Is no
longer the day Of doubt but h hour
Of hope.
Warning Elements.
Too much perhaps there has been
the spirit on one side that what is, ID
wrong. and the assertion on the the
hand that what is, is right Big
business has often failed to see that its
methods have aroused a just popular
resentment and that many of its past
ideals and purposes were impossible
and intolerable in 9. democracy.
"The men of financial and corporate
power have had to learn that the veal
OF the whole people is q supreme law
to which their private interests must
obediently bow. The business con-
science has itself awakened to a reali-
cation OF wrongs committed In the
name and on the alleged behalf of com.
merce and industry and will tolerate
those wrongs no more. Even the men
of might in finance are becoming men
of light and leading in the necessary
establishments that are pending. Tha
business conscientiousness is becoming
less individual n more social.
Sense Of Honor Aroused.
II am not here, therefore, on any er.
rand to arous the business conscience
or to raise the banner of revolt against
business procedure, certainly not to de
nounce or to destroy. The sense OF
what is fit, the knowledge Of what ii
due to their own honor, is now SO keen.
~ alive among the business cOmmun.
lily that when the achievements of our
l@recent discussions shall nave been fin.
ely wrought into law they will be. In
my belief, not found wanting in will.
Iingness and power to take up such
further work as may remain,
To Secretary Bryan, he asserted, be
longs high credit for his co-operatior
smoothing the way to business pro.
gress in foreign markets. Mr.. Redfield
spoke at length on new methods
adopted By the department to bring
business men in closer touch with botE
domestic and forign trade opportuni:
II ffnGy EakH-H