Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-06-20
Senator Camden Believes Ap-
prehension of Business Ills
Is GroundIess.
SEES NO DANGER FROM
PENDING LEGISLATION
Kentuckian Believes Bumper Crops
Will Be Great Aid to Restora-
ton of Confidence.

Senator johnson N Camden Of Ken
lucky. the newest United States senator,
believes that business conditions through
out the United States are excellent and
need only the clearing away Of present
uncertainties. In an interview today he
expressed this opinion, declaring. how
ever, that Enthusiastically the business Of
the country is in state of suspension"
Senator Camden. who is reputed to be
nultimillionaire, is heavily interested in
coal mining and marketing. and is in
touch with the business sentiment Of the
country. He is a democrat. Discussing
conditions with which Congress and the
public are now concerned, he said, in
part:
1.-THE calamity howIers and partisan
politicians of the other side are beginning
to come out with the old refrain that
business always goes to smash under
democratic administration, the wish being
father to the thought. To show that this
is not true in the present instance. but is
unfair and unjust, and p lainly made for
political purposes. there are five different
things which have befallen our country
in the past year and halt. any one OF
which had It occurred as shortly az ten
years ago would almost certainly have
caused a general panic.
First, the great flood Of the middle
west and Ohio valley which entailed
such an enormous loss in the destruction
of property and suffering among the peo-
pie of that immense area. Then that
was followed by the Balkan war, the
financing Of which caused the selling
abroad of hundreds of millions Of our Sc
curities, which We had to buy in a short
space OF time, that was followed quickly
by the shocking revelations and exposure
of the mad financing of the New York.
New Haven and Hartford Railroad,
where millions on millions of the savings
Of the small investor were lost.
I'VE all know that even to talk Of
tariff revision was sufficient in itself
to cause panic a few years back. yet
following Immediately upon revision
foundry disturbing and epoch-making
and much -needed currency reform. 1t
speaks volumes. 1 think, for the wide
spread prosperity, stability and sanity
able to face these great economic.
political and financial disturbances as
they have done. The banks of the en-
tire country are full Of money. but are
any desire on the part OF the business
world to use it or to make it active.
There are doubtless several minor rea-
sons. but the two big factors standing out
as the immediate cause OF the stAgnatlon
OF business are the conditions of the rail-
ways and their demand for increased
freight rates, and second. the uncertain
ty of the scope and the attitude Of ma
tional legislation toward business Bust
ness is naturally very sensitive, and it
cannot but shrink and falter in the face
of uncertainties. For its growth and de-
velopment it must have fixed and GER
tain conditions ssa
In State Of Apprehension.
IT think the business of the country is
in a state of apprehension, or fear. over
the pending legislation. in spite of the
fact that the President on more than one
occasion has treasured business. both big
and little that it is nothing to fear
if properly conducted. AS soon as this
uncertainty which now prevails is cleared
up-that IL, as soon as the freight-rate
question is decided by the interstate COM
merce commission and Congress has
clearly defined what constitutes the
proper and legitimate conduct OF business
Il predict that business will then quickly
adjust itself to the new conditions. and
aided by the bumper crops promised, the
country will enjoy the greatest era of
prosperity 1t has ever known