The Washington herald., 1914-06-26
BUSINESS BOOM
ON, SAYS wilson
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UWj UnlU ULOON
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fact. as the diagnosis has progressed It
has become more and more evident that
no capital operation was necessary: that
at the most a minor operation was neces-
sary to remove admitted distempers and
evils.
No Surgical Treatment.
The treatment Is to be constitutional
rather than surgical, affecting habits Of
life and action which have been hurtfuL
For. on all hands. 1t Is admitted that
there are processes of business. or have
been processes OF business, in this coun-
try which ought to be corrected. but the
correction has been postponed, and In
proportion to the postponement the fever
has increased-the fever OF apprehension.
There 10 nothing more fatal to busi-
ness than 10 be kept guessing from
month to month. and from year to year,
| whether something serious Is going 70
happen to It or not, and what in particu-
| lar Is going TO happen to II, II anything
does. 1t is impossible 10 forecast the
prospects Of any line OF business unless
| bring forth. Nothing is more unfair.
| nothing has been declared by business
| men to be more harmful. than to keep
them guessing.
The guessing went on. the air was
| full Of interrogation points. for ten years
and more. Then came an administration
which, for the first time, had a definite
program Of constructive correction: not
Of destructive correction. but OF a con-
very clear program. disclosed, so far
as possible in a general program. in its
particulars as well as in Its general fea-
lures. And the administration proceeded
to carry out this program.
Says Business shIvered.
First. there was the tariff. and busi-
ness shIvered. We don't like TO go IN:
the water looks cold:' but when the
tariff had been passed it was found that
the readjustment was possible without
any serious disturbance whatever. So
that man said, with a sense OF relief.
Well, We are glad to get that behind
US and Il wasn't bad, after ALL
Then came the currency reform. You
remember with what resistance. with
what criticism, with what systematic
holding back. a large body Of bankers
in this country met the proposals Of
that reform, and you know how. immedi-
ately after its passage, they recognized
its benefit and its benefcence, and how
ever since the passage OF that reform
bankers throughout the. United States
have been conSratulating themselves that
Il was possible to carry out this great re-
form upon sensible and solid lines.
Then we advanced to the trust pro-
gram and again the same dread. the same
hesitation. the same urgency that the
thing should be postponed II will not
be postponed. and II will not be post
poned because We are the friends OF
business. We know what We are doing;
we purpose to do II under the advice, for
we have been fortunate enough to OBJ
tain the advice, Of men who understand
the business OF the country; and we know
that the effect is going TO be exactly
what the effect OF the currency reform
was, a sense Of relief and Of security.
BIIdrn to Go Forward.
Because when the program is finished.
it is finished; the Interrogation points
are rubbed OF the slate: business is given
its constitution OF freedom and Is bid
den go forward under that constitution.
And just so soon as II gets that leave
and freedom there will be a boom OF
business in this country such as we have
never witnessed in the United States.
Il. as a friend of business and q serv-
ant Of the country. would not dafE stop
in this program and bring on another
long period Of agitation. Agitation longer
continued would be fatal to the business
of the country, and II this program is
delayed there will come agitation with
every letter in the word a capital letter.
The choice Is a sober and sensible pro-
gram now completed or months upon
months OF additional conjecture and
danger. / for one could not ask this
country to excuse a policy which sub
jected business to longer continued agi-
tation and uncertainty: and. therefore.
am sure that 1t is beginning TO be evil
dent to the whole press OF this country,
and by the same token to the people, that
constructive program Is at last not
only TO be proposed. but completed. and
that when II is completed business can
get and will get what IL can get in no
other way-rest. recuperaton and sue
cessfuI adjustment. l cannot get rest II
YOU send me to bed wondering what is
going to happen to me in the morning;
but II you send me to bed knowing what
the course of business Is to be tomorrow
morning, l can rest How much better
is certain Justice to the men engaged in
business?
4 Matter of Conscience.
1t is matter Of conscience as well
as a matter OF large public policy to do
what this Congress I am now certain is !
going to do, finish the program. And 1
do not think that il is going to take a
very long time. / believe that the tenn
per of those engaged in this great thing
is admirable, that the various elements
sometimes in antagonism in the Con-
gress of the United States are drawing !
together. and that We shall witness an !
early statesmanlike result, for which we
shall all have abundant reason to be |
thankful"
The editors. who had just finished a J
session at Alexandria, We're guests here !
OF the Chamber OF Commerce and Retail
Merchants Association. O. After a 10y
ride. in automobiles, loaned by members |
Of the two organizations, they had lunch |
con at the Chamber OF Commerce.