The chronicle=news., 1914-04-24
SEC. REDFElD MAKES
PROSPERITY SPEECH
before CLUB N
CnICAe0

iis iso< fof his lopio. "A srss~ al
i'fasSEsiss. s.a .oh,-ai-a that Ass
ir~s~siks of bsssih-ss activities al lks
pfes~hs slsas sas hos p-saiisr ,o tEs
raitsa SssIrss ,ha, . ss14i.ra.e .sa
x.sesai s-etih. Of the sasl AZ tisihs
has s+~a hSsrsi ali ss.r ,na .osid
and lhss ,hs hss tariff Las had hs.
bssishs iss rush of foEries isas.,sss-
tiSas ssies .as Threatened, MF
ttaaiisia referred .s th- railroad fal-s
sisuAIisn sna oppressed .hs hss.- that
the ihssfsaAIe sosa. .hsefv- soEafss isslSs1 IS
aes l.saA oa sss application ss she
s~.sssh railroads foe ,F-ish, rate sa-
sahses eoaia .aoa t.r decided.
II. Is respectfully sabssisi-.s toe
fsas ss&s.sssssasish TIA. tho to,tss In s
ssasssass,s ar- sSrsssss said h@,
- TAn ssiolssiSs sf tA- rs-s~ss
fiscal p.sisF sf tLS asliSs has sss
b~~a foiis.-.s tsF The Uish st fss-ish
isarSsta,iaas shish vas ,hrrai-s-a.
"s, IN .hs asEh"siss Dt -st-siT
ssssa aha anpF-iaais-,i s'ss-sg-fs at
different hassSas Sh-sr has s~-h i.s@T
ss-~eins sss s@saT ssoaths. ard i. aas
in rs.ss~ess a ssai-sasn AMI auisS
s~nesal a-slisr in rriS~s 80 a las~s
i-s.t. . f,ast of aass@tA-as al slim
liar shasassrs sDins on shsoeshots
sh1 ssslss
~s. 4 s~h.sai .isrs-s~isn in sss.ir
ness has long existed in many saan-
s'is. ssssash. tho somm~svisi
~osia
The rtssiie has ihsoass rsr~s AMI
r'is'tarrn these many f-ars a-fnana--i
s-.iossisn In ih- su.i al living
That s~Siassiaa is nos ssins m L.
i, t~.s<ibir il si..aia .amc ssihoaI seI
adjustments which however h.aisa-
fui sfu ,rsnIpsasifs iifssruil. Arr
iasin--. horn oas Of saiiias mar.
Not.
''if America ts In despair I d, NO.
thns IT, There arr difficulties h-s-,
M man ia horn insa the world With.
aa' rain and tho s,eisiso, sso.,
higher So ia.rs prizes. fgosn highly
centralized Industry into saas- n.s.
NAL ard s-m-rsassc sspr. viii Dot br
asron,s,ish-d sishoai difficulty: bss
10 sfrat the pfur->~ as " IL .@s-
.-iih~s dangerous or disastrous I. like
mourning hr+ause = mar child 10
horn into the world f.rs %. Iapf rs.se
closely Int. ,h- business ssst.
"i.rs as as -r si-- the business
situation Ici.hrf minimize nor ml=.
nifty IL. neither io-aiisr II aar srn--.
aiisr IL. tr, us ioais a, th. facts IS
they arr. NO, in their marrow and issi
mediate and raro-hiai Significance.
California 1. not in distress with
her ai,oundins csos.. kaasss tno~s
no ~cstne.s in the presence ~ her
wheat. New York with nearly rirh-
tccn hundred millions in her savings
banks alone faces no Immediate ne
Of an insicsihic currency. We arr
becoming free from thpr who mis-
tak.niy though, u ~ouid b~ ior-
profitable TO nonopoliSc. We are tr.
adjusting ourselves upon an altered
economic basis. Speculation Ia not
rife. Our merchants a!c not over
stocked. Our competing power was
never as strong ms now. Such dull.
ness ay there was. has Lccn in part
the bringcr of u higher efficiency in
to our factories.
"'Ah.' bu, ono says. the fear Of
business legislation ! have already
hirtcd n, the fact that this lcsisia-
iion tf II had been desired to have
II hasty or rash might well have been |
enacted long ago. Almost Immediate
" after the presidents message upon
the subject. certain measures wcrcl
introduced into both houses. Three
months have gone. They have been
spent in discussion. business men
have been given an opportunity tol
state their views. Time has been
taken to hear from the country. Fur
thcrmorc. II will. I am sure. he ad-
mittcd to he just that congress
shall be Judged by its fruits. and the
present one has produced several
great legislative enactmcnts.
"Iiut I confess to amusement at
in some quarters that busi-
ness docs not demand further legisla-
tion. for therein business shows that
sense OF detachment from the gcnc--
nj veal which has been It's banc. II
may be that the public demands that
which business does not seek. The,
point is both that business must must
that its voice Ia not tho
only one to he heard.
But It is true that our whole ont
poL 10 of pI I,, th, ,h,nu,.. F.o,,, |