The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1914-06-26
STATEMENT ISSUED
BY senator Camden.
Conditions as Seen BY Ksntucky's New
Democratic Senator.

Washington, d. c.. June 19.-Upon
being asked for some of his views on
general subjects before Congress, after
being sworn into office, Senator John
son N. Camden gave the following in
terview:
IL am fresh from the soil, one of the
few farmers in Congress, and, there
fore. / know more about Jersey cattle
than national legislation. However,
even farmer. sitting back and read
his papers, forms his views on these
topics.
II think President Wilson has hand
led this most difficult and perplexing
Mexican question with signal ability.
from a political, economic and hui
manitarian standpoint. II his media
tion plan has successful and practi-
cal issue 1t will in itself cause him to
take rank as one. of the very greatest
of our Presidents. 1t will do more to
establish worldwide peace, demonstrat
ing that international arbitration, or
mediation, as a preventive Of war is
fetsible and practicable, and not a
Utopian dream; and even If his wise
and humane effort along these lines
should fail he will have gained for
the United States the confidence and
good will Of the Latin American peo-
pie. 1t is believed and asserted by
many that we were not r2ady for m
tervention or war; that our forces We're
not on war footing. and If this / e
true. then he has shown a mastery
inactivity in marking time.
Mexico is the treasure house of the
world, and American brains. energy
and be upon a more favored basis there
than ever before when the present diff
ficulty is Strengthened out"
Trust Legislation.
How about trust legislation?"
There is no panic or depression, but
Enthusiastically the business of the coun-
try is in state of suspension. The
calamity howlers and partisan politici-
ans OF the other side are beginning to
come out with the old refrain that
business always goes to smash under a
Democratic administration (the wish
being father to the thought.) To show
that this is not true in the present in
stance but is unfair and unjust, there
plainly made for political purposes,
there are five different things which
have befallen our country in the
past year and half, any one of which
had 1t occurred as shortly as ten years
ago almost certainly would have caus-
ed a genuine panic.
"First-The great flood of the Mid
die West and Ohio Valley, which en-
tailed an enormous loss in the destruc-
ton of property and suffering among
the people OF that immense area. Then
that was followed by the Ballxin war,
the financing of which caused the SELL
ing abroad of hundreds of millions of
our securities, which we had to buy in
a short space of time; that was follow
ed quickly by the shocking revelations
and exposure of the mad financing of
the New York, New Haven & Hart
ford railroad, where millions on mil
lions of the savings of the small inves-
tors were lost. We all know that epen
to talk of tariff revision was suffici-
ent in itself to cause a panic a few
years back. yet following Immediately
upon a revision of the tariff downward
came the profoundly disturbing and
epoch making and much-needed cur
rency reform
1T speaks volumes, think, for the
sanity OF the Aemrican people that
they are able to face these great econ
omic, political and financial disturb
ances as they have done.
Two Big Factors.
The banks of the entire country are
full of money, but are 10th to extend
credit, neither is there any desire to
use 1t or to make it active. There are
doubtless several minor reasons, but
the two big factors standing out as the
immediate cause of the stagnation of
business are the conditions of the rail-
ways and their demand for increased
freight rates. and second, the uncer-
tainty Of the scope and the attitude of
national legislation toward business.
Business is naturally very sensitive and
1t cannot but shrink and falter in the
face of uncertainties; for its growth
and development 1t must have fixed and
certain conditions. / think the busi-
ness of the country is in a state of ap-
prehension, or fear, over the pending
legislation, in spite of the fact that the
President, on more than one occasion,
has reassured business, both big and
little. that 1t has nothing to fear If
properly conducted. AS soon as this un-
certainty which now prevails Is clear
ed up, that Is, as soon as the freight
rate question is decided by the Inter-
state Commerce Commission, and Con-
gress has clearly, defined what consti-
tutes the proper and legitimate conduct
OF business, l predict that business will
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