The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-07-14
SON POLICIES
REMAIN FORCE
Republicans Will Be Unable To
Undo Good Work Democratic
Congress
SETS BUSINESS FREE
BUSINESS FIR
The Entire Country Is Begin
ming To Understand and To
Appreciate The Value of The
Remedial Legislation Which
Is Being Accomplished BY
The Wilson Program

Inc wilson Program
Indianapolis, July 1.-THE Indian
apolis News prints the following from
James p. Hornaday, it's Washington
correspondent:
'Whatever the final Judgment Of the
country on the Wilson legislation may
be-, the new laws will stand for sev
eral years, in any event. If the next
| House Of Representatives should be
Republican the new Congress
be Republican the new Congress
would be powerieSS to change any OF
the legislation, for the Senate would
still be controlled by the Democrats.
In all probability the Senate will be
Democratic for a good many years to
come. Nothing short Of a political
landslide of almost unprecedented
proportions could diSlodge the Demo-
Gratis from control Of the body on
March 4, 1917, and there is no pros
pect whatever of the political COM
plexiOn Of the body changing before
that time.
$50 the country might as we'll ac-
cept the new tariff law, the Federal
reserve law and the antitrust legis-
lation hat 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 thoroughly under
stands the new conditions with which
it must deal. While the antitrust
legislation has net 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 a better under
standing of what the President is
driving at in a legislative way. AT
5 any rate the legislative body has a
better grasp Of the situation than it
5 had a year ago when the President
was starting off with tariff legislation.
? 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 urDos the
. removal of artificial restrictions tC
l business which have grown up with
!, the rapid industrial development OF
! the last century. 1t is very generally
; understood here that the President
: has never believed that these r~estric-
tons could be removed without bust.
! ness feeling something Of a shock. i
, was realized that following the enact
= ment Of the legislation there would
have to be readjustments which would
for a brief time seriously impede thu
currents Of business.
Favored a Few Industries.
"The first restriction which Presi
: dent Wilson insisted his party, through
it's representatives in the Congress
should remove was a protective tariff
2 which everybody realized undul,
v favored a few industries at the ex
\ pense Of all the others. The remova
q Of this restriction brought forth tn,
# old cry from the favored ones tina
. business would be ruined The new
tariff law has now been in effect eigh
months and the dire calamities tina
n were to olloW its enactment have no
materialized. 1t is true that the hig]
protectionist politicians have tried t
make it appear that industries hav
% suffered as a result Of the new TART
k rates, but economists very general
agree that thiS>is not the case. AS
y matter of fact, some of the industries
f. notable among them the woolen in
" duStry, have actually found the ne,
at tariff rates beneficial, and this in spit
of the fact that the representatives q
c these industries told the Congress tina
ul the enactment of the new rates mean
IL ruin.
~ StnnS Money Cnnn0pfror;oo