The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-06-20
"MANrFACTURED" DEPRESSION

Legislation into the open this
week with his direct charge against
tht interests seeking Co create q
panic in tho country oy psycholog
leaf depression. letters and state
ments supporting the presidents po-
sition have poured In from an parts
OF the and no matter how
successful or unsuccessful the sinister
psychologists and their calamity
bowling associates. the political
newspap ers may he in disturbing
businrrs. no doubt Is left ia the mind
ut any thoughtfui man that the coun-
Try as "a whole is not only satisfied
with the presidents stand. but cheer
fully ready 10 give him "a free hand
la carrying out hts policy.
Nowhere haa the confidence In the
president and approval OF his deter
mined position ueeu more evident
than In the powerful independent
which are free OF corporate strings
or political control. Take. FOR in
stance. the vigorously independent
Kansas city star. politically an ar
dent hacker 81 Roosevelt, the star
Ia an editorial Wednesday said
president Wilson has the discon-
certinr habit OF making those who
light his policies fight In the open.
II II the kim Of a habit that the
American people like.
There was nothing IN the presi-
dents first attack upon { insid-
ious lobby that indicated any pur-
pose tn force agreement with his pol
icics There IS nothing now. There
has been aud IL. however. tho very
distinct purpose 90 make all sides
play their cards above board.
The president uses no compulsion
other han the fair presentation Of
fair opinions IN q fair field. IL the
compulsion h. on his side IL Is only
because public opinion is on his side.
Public opinion ~ unqucstlonably
with Mr Wilson In his position that
u ~ the duty Of congress 10 dispel
uncertainty The country has the
right Ia d definite, enacted policy for
the guidance OF legitimate business.
The presidents service in tariff
and currency iesiHloticn-to name no
oaher OF his seryices-hes assured
against the danger Of ml-considered
radicnlism--as u aas assured against
the danger Of a standpat conserva-
tism. The country need not presume
"a know whether Mr.. Wilson's poli-
cies are perfect. But az the least u
Is willing to give the Wilson admins
tratiou "a show for IT, white alley
IN the solution Of a difficult prob
lem.
IT stands hrmly back q the pres
ident in his demand that there shall
be no manufactured depression:
and that those who enjoy Illegal or
immoral privilege, on who are misin-
founsd or selfish. shall not os- their
power To brighten the people into in
ncuon ur into surrender"
Discussing general business condi-
aud prospects on the same daS
the Christian Science Monitor, az
other absolutely independent an,
very conservative journal. said.
"Business conditions throughout
he world are showing further i'm.
proyement In some countries M
situation IL less favorable but as d
whole the movement Is forward. !
b. believed that h h a question o
only a few months until business gen
"rally has gained o momentum tina
viii establish prosperity In ever
land Reasons for this view are man
fold In the FIRST place there ma
been a steady recession and retrench
mcnt, covering q period of seycra
yeans Daring this time economic
nave q practiced as mover before
Many weak spots have reen eiimi
mated within the last year Stock
sverywhere ore low az a result @
the persistent hand-to.mouth buy
ing policy 20 generally pursued. Their.
b. no yer extension or speculation
anywhere. Ia short the volume o
and Industry can be- meas
ured by the urgent demands 81
consuming public.
Conditions In the United states ar
said 40 be- improving more rapid.
han elsewhere and the improve
ment IN his country h. certain q
help business abroad. one Of IN
greatest assurances Of better time
was contained Ia the crop report IL
sued this week by the department O
agriculture Coz June. The staiemen
Indicated a totai hcn crop In "a
Itnff.a Etas.a - ahaun n1u 600. 90