Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1914-07-17
Even if Next House Should Be Republican It
Will Be Unable to Undo the Good Work
of the Democratic CONGRESS
DEMOCRATIC CONSTRUCTIVE LEGISLATION
Is Beginning to Be Understood and Appreciated
by the COuntry-PurpoSe of Antitrust
Laws Is to Set Business Free

Indianapolis, July 13.-The Indian.
apolis News prints the following
from James P. Hornaday, it's Wash
ington correspondent:
whatever the final judgment of
the country on the Wilson legisla-
tion may be, the new laws will stand
for several years, in any event. If
the next House of Representatives
should be Republican the new Con-
gress would be powerless to change
any of the legislation, for the Senate
would still be controlled by the Dem
ocrats. In all probability the SEN
ate will be Democratic for a good
many years to come. Nothing short
of a political landslide of almost un-
rrecedented proportions could dis
lodge the Democrats from control of
the body on March 4, 1917, and there
is no prospect whatever of the polit.
ical complexion of the body changing
DefOr0 tnaL time.
$50 the country might as we'll ac-
cept the new tariff law, the Federal
reserve law and the anti trust
legislation that is to be enacted as
fixtures. Under the circumstances
there does not seem to be any real
reason why business should continue
to wait on the Congress. It thorough
ly understands the new conditions
with which it must deal. While the
antitrust legislation has not yet been
completed the country knows about
what the legislation is to be-. ::
Has Better Grasp
There are indications that the
country is arriving at better under
standing of what the President is
driving at in legislative way. At
sny rate the legislative body has a
better grasp Of the situation than it
had year ago when the President
was starting off with tariff legisla-
tion. The President from time to
time has tried to make it clear that
what he calls his major legislative
program has for it's fundamental pur-
pose the removal of artificial restric.
tions to business which have grown
up with the rapid industrial develop
ment of the last century. It is very
generally understood here that the
President has never believed that
these restrictions could be removed
without business feeling something
OF a shock. 1t was realized that fol-
lowing the enactment of the legisla-
ton there would have to be readjust-
ments which would for a brief time
seriously impede the currents of bust
ness.
Favored Few Industries.
"The first restriction which Presi.
dent Wilson insisted his party,
through its representatives in the
Congress should remove, was a pro-
tective tariff which everybody realiz,
ed unduly favored a few industries
st the expense Of all the others. The
removal of this restriction brought
forth the old cry from the favored
ones that business would be ruined.
The new tariff law has now been in
effect eight months, and the dire
calamities that were to follow its en-
actment have not materialized. 1t
is true that the high protectionist
politicians have tried to make it ap.
pear that industries have suffered as
q result of the new tariff rates, but
economists very generally agree that
this is not the case. As a matter of
fact, some OF the industries, notable
among them the woolen industry.
have actually found the new tariff
rates beneficial, and this in spite OF
the fact that the representatives OF
these industries told the Congress
that the enactment Of the new rates
meant ruin.
Stops Money Concentration.
"The second restriction, which the
President asked the Democratic Con.
gress to remove was that which an
antiquated national bank act encour.
aged. For years under the existing
banking laws money was concentrat.
ed in New York City. speculation en-
courased at the expense Of current
business, and that periodically there
was a money stringency. In these
times Of stringency it was most diff
cult to get the money necessary fol
legitimate business. So the Federal
reserve act, designed to correct these
defects in the national banking laws
was passed. II It does what the ad