Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-05
FlCT AND GOSSIP
IN MONEY MARTIS5
CAPITAL Not Alarmed at Mon1i-
nation of Wilson New Pol
icy in Effect.
sv p. G. FORBES.


NEW YORK. July 5.-Capital will show
m light over the nomination of Woodrow
wilson Nor would it have been stam-
,,e5ed bv the selection of Clark, Under
GOOD Harmon or any other candidate.
ranitals new policy is to WOO the pub
Tic more and the politicians less. II IT can
seuare itself with the great mass of the
neonle it will not spend millions in win
mig over the good will of the politicians.
Thrice is he armed who hath his quar-
rel lust Capital is conscious that its
rosition is less open to condemnation than
Il vas FIVE wears ago or ten years ago.
rbare has been a financial housekeeping.
an hooks and corners have not yet been
suert clean-they never will be until
nreecrjntion for remaking human nature
has heen discovered. But in certain di-
rseuons the cleaning process has accom-
nrehed much Take our great railroad
rorporations How often do we now hear
Of them corrupting the dominating state
iegieIstnreso How often are wholesale
lootinse of railroad properties attempted
today Have not the relations between
the ~silroads and the public undergone
remarkable Improvement
Then cdpltai mas become TetpHCtIeI "
rel reductions in tariff schedules It ex-
meets few favors in this connection from
the progressive Republicans and fewer
SIN from the Democrats. But standpat
ism is no longer a fetch.
what our financers do not view with
comfort is the prospect of three parties in
the field for the next four months. The
one thing that the financial world can not
withstand is acute uncertainty. Once It
knows what is to be done it can adjust
Itself in advance, but if it be kept guess
ing if it be doomed to stay in the dark.
Ii becomes nervous The worst feature
Of the political outlook. from the capital
istc viewpoint. in the confusion. the COM
picaton the doubt that a triangular con-
test will involve There is still a feeling
in certain influential circles that Roose-
welt will withdraw despite his protests
lions to he contrary.
Today optimistic interviews will, no
doubt be given out by Wall Street peo-
pie assuring everybody that everything is
all right and that Wilson need not be re-
garded as a menace But it will be pass
ing strange if no outburst of nervousness
is witnessed between now and November
incidentally. should the stock mar
ket suffer severe. slump, great many
potential investors would act promptly.
quite a few are waiting and hoping for
Just such q break
Here is the philosophic summation OF
the nolitico- economic financial situation
drawn UP by one of New Yorks promi-
nent investment banking firms:
II is evident from the political de-
veopments of the last few weeks that
the lines OF cleavage between the two
established parties have become less
sharply drawn on the old issues. and
that in their stead new forces are
being created which, for better or for
worse. appear destined to determine
10 what extent the so-called pro
gressive' politics are to- govern the
attitude Of the nation toward vested
cantaI
That business itself is not worrying
oNer-much about the future solution
IF these problems is evident from the
steady flow of trade inu.cated by the
increase in total clearings Cnotwith-
standing the great reduction in activ-
ny on the New York stock exchange
by the material advance in basic
metals by the increasing demand for
labor by the decrease in the number
Of IDLE cars and. to mention no, ether
bv the volume of our foreign trade.
which reached during the fiscal year
lust ended the enormous total of four
billions Of dollars easily the largest
total in the history of our country
rs these results were achieved while
the general complaint of Indifferent
business was being pretty generally
voiced all over the country it seems
pertinent to ask whether a more
active development would really have
been healthy
e are Of no two minds in assert
ing that anything in the shape of a
boone would have produced a much
less sound condition, and would in
Nvtahly have laid the seeds for flu
tnre retrihution
nanimity politically has not vet been
arrived at by Big Business. If all three
lenaldates run wall Street" will have
lhlculty IN agreeing upon favorte