Evening star., 1924-06-09
CLOSE OF CONGRESS
AID TO BUSINESS
Removal of Uncertainty Over
Legislation Is Expected to
Steady Industry.
RAILROAD MEN PLEASED
Manufacturers to Attend Two Big
Conventions.
BY j. G. ROYLE.

Special Dispatch to The Star
NEW YORK, June 9.-Business
started the week today with a gen.
eral feeling of relief over the ad
journment of Congress. The opinion
has been vigorously voiced for weeks
that the uncertainty which possible
congressional action entailed has
been acting as a check on commerce
and industry and that adjournment
would be followed by an immediate
quickening of the business pace.
The satisfaction expressed by busi-
ness men, irrespective of party, could
not be said to extend to the results
of the legislative session Just ended
Few interests could be found thor
oughly satisfied with the results of
the deliberations at the Capital. The
stimulus to industry, it is felt, will
consist rather in the fact that GER
tain measures were not acted upon
favorably, for government inter
ference is a bugbear always ready
to rise at a moments notice before
the eyes of business men.
Farmers disappointed.
Perhaps the greatest disappoint-
ment over the results attained by the
congressional session is to be found
among the farmers, since all pendine.
farm relief measures failed of pass
age. Even that, however, was less
felt than would have been the case
earlier in the year, for agriculturists
now are approaching harvest and the
period OF the year when the money
for their products comes flowing in.
Theoretically every business man
wants TO help the farmer; that is he
wants the farmer prosperous enough
to buy freely of manufactured prod
ucts. Nevertheless, the opposition to
some of the farm relief measures was
intense in some business circles, and
what displeased the farmers was
music to the ears of this opposjtion
Merchants and manufacturers feel
that the period of the year is now
approaching in which the farmer has
ready cash and that he is bound to
spend it, whereas, the hope of relief
legislation acted as a check on buy
ing in the rural districts as long as
it was an immediate possibility.
Railroad Men Pleased.
Railroads are rejoicing over the
fact that their affairs have not been
subjected to additional regulation
and feel free to make the most of
their busiest period of the revenue
producing year.
With Congress out of the way, the
conventions of the two great politi-
cal parties are not expected to exer-
else any great amount of stimulation
or depression on business. Irrespec-
tive of who is nominated or what
planks are written into the plat
forms. merchants and manufacturers
feel that at least they have until late
in the fall to make hay"
Delegations of manufacturers will
attend both conventions to urge on
the platform makers the program pre-
pared and indorsed by the National
Association of Manufacturers in this
city recently. This program favors
| reduction of taxes and the limiting OF
taxing power, indorses the budget
system and demands preservation OF
the privacy of the affairs of tax
payers and of trade secrets of busi-
ness concerns.
New Tariff Law Opposed.
Members of the manufacturers as
sociation of both parties have made
it plain that they do not want a new
tariff law. although many individ-
| ual lines of manufacture are urgent
for revision upward or downward.
Many of the delegates to Cleveland
are business men and some of them
expr essed today more interest in
| meeting representative leaders from
| other sections and obtaining their
| views of the trade outlook than in
purely political problems.