The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-25
Worldwide Depression
Less in America Than
in Any Nation.
HAS RISEN FAR AND
STILL is RISING
Just Cause for Hesitation in Hap
penings of the Past-Pitiful
PARALLELS of Prophets of Evil.
Who Preach National
Pain Laid Aside
for Present.

New Haven. Conn. January 24.--An
Affirmative view or business was tho
Keynote OF q speech Secretary Rcdtield
made here to-day before the Chamber
Of Commerce. He praised American
manufacturers for their ready read
justment to new conditions. and de-
clarcd that tho loads of foreign manu-
features. which. II was predicted would
food American markets with tho pas
/, sage of the new tariff, had not ma
teriali2cd.
Aye but you say, look ut the de-
preston. Wei, look at It," said Mr..
Rediicld. Look at it sanely, 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 bis.
enough, clso your picture will DO but
partial and may mislcnd. Whore, then,
is trado depression found? In India,
In Argentina, i'll Brazil. In Germany, In
England.
Where is It least7 In America.
Where is the rising tide from such de-
preston as exists felt first and most?
Here III America. Leave aside tho
pitiful parallels OF the prophets of
evil who for political purposes preach
national pain Look calmly at the
truth. America suffers from no dis
aster. She Is better OFF, when tho
worse is said, than her sister nations.
From the bottom, which ut most
was not deep. she has already risen rar
and is rising. There was Just cause
ior hesitation in that which has hap
pencd In the past Tho reaction from
the balkan War which had tied the.
purse strings OF Europe and shut down
us mills, was naturally reflected here
In some small degree
Change Is Helpful
IT was perfectly proper that bust
ness men. whose output was affected
moro or less by tho new tariff. sbouId
give thoughtful heed how to readiust
themselves To II. They would have
been foolish mad they done otherwise.
fIalkiy, the man who dreaded tariu
thhnges must have said, and are say
ing, That establishments are over. ana
INC new is At its worst nothing like ms
p'to rs thcy reared, ana that at its
best Is helpful
us deep depression, and last and best
OF all, YOU know that sympathy win
an mat is finest and best i'm business
itc' ana with tho highest ideals of
our Industrial activities. is rcGnant n,
inc seat OF government This ia no
OF hope 0'i
TOO much, perhaps, thcro has becn
/ me spirit on one side that what iy. i.
wrong, and tho assertion on ma
/ o'hof hand that what is, is right Eic
business has often failed 10 seq tbnt
us methods have aroused a Just popu
i"r resentment and that many of lis
~ iuc"is ana purposes wcro impos-
sibic and intolcrable In Il democracy
The men of Ananclai and cornoraia
power have had 10 learn that the
veal OF the whole people Is n suprcnnr
law TO which their private interests
must obedienty bow. The business
conscience has itself awakened ia a
'c"iz''lon of wrongs committed I'm
INC name and on the alleged behalf OF
commerce and industry, and will toler-
ate those wrongs no more. Even the
men oil might in finance are becomIn,,
men OF light ana leading in the neccs-
sary establishments that are pendirr
mo business conscicntiousncss is no
eo'hihe less individual and more social
Not to Dcnouncc or DESTROY
j ain not here, therefore. on my
GRAND to arouse the business con.
science or to raise the banner of revol,
against business procedure. certatnlv
not 10 denounco or to DESTROY The
sense or what IS mt. the knouIedgo of
what Is due to their own honor. is now
so keenly alive among the business
community that when the achieve
va ou' recent ulscusSlons shall
nave been hnaiiy wrought into law
/ they VIII be. in my belief, not found
/ wanting IN willingness ana bower to
! take up such further work rs may
/ remain"
! TO Secretary bryan, ne asserted be
longs high credit for his oo-operation
"ith the Department of Commerce i'm
Smoothing the way To business prog
reSs IN Foreign markets. IIr Rcdflcld
! spoke ut length on nov, ,rn,io7.
adopted by the department To brinp
business men in closer touch Wit. both
| domestic and foreign trade oppostuni
ties.