Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-31
RACT AND GOSSIP
OF MONEY MARTS
Trade and Crops Good, Yet
There Is Some Complaint of
Poor Profit.
BY 3. c. FORBES.

Here we have the "a roads rushing into
he market for thousands u new cars
and hundreds OF engines, prices Of steel
soaring on urgent demands for prompt de-
liveries. general trade cas- measured by
bank elearlngs and railroad traffic OF
srge volume. foreign commerce breaking
al records, the grain prospects improving
laily, an absence OF excitement over poll
tics. stock market that more than holds
Is own, and no present stringency in the
money marketed much dissatisfaction
with conditions. much complaining Of
Door profits and Of high costs and constant
demands that something be done are the
order Of the day
What is the natter
one economist viii tell YOU that the in
crease in the production Of gold is at the
oottom Of All our woes. Another holds the
rus entirely responsible 1.-THE tarff. ="
says third. The lack Of foodstuffs, ow-
ng 10 the unpopularitv Of farming, is
blamed by a fourth '"The trade unions.
which restrict output" is the pet scape-
goat of a fifth. while political turmoil. the
interstate commerce commission. national
and individual extravaganza the mania
Tor pleasures of the expensive sort, wall
Street, godlessness, all are trotted out as
contributory to or wholly responsible for
the present unsatisfactory state Of affairs
Each Has a Bearing
"a Now the plethora OF gold. the growth
~ trusts the tariff, the comparative
Ecarcity Of farm products the shortsighted
policies Of certain labor organizations. ex-
travagnce, inordinate pleasure seeking
and the other causes cited do each and
very one. have some bearing upon the
irrent high cost OF living AID its off
bring. discomfort
Only very young an extremely foolish
a suDerhumanly wise person would un-
ertake 70 PROFOUND sovereign-and prac-
cal--remedies for every III the human
ace is heir TO. Bur suggestions can be
made on two or three points
Seven Possible Remedies.
|. The tariff must be reduced really
reduced, not simply fooled with.
2 Industrial trusts must be brought un-
y der controlbut not along the asinine
lines prescribed by the head Of the Stan
lley investigating committee
3 Farming should-and WILDE encour-
E aged by the establishment Of 'land
I banks" which VIII extend credit facilities
on equitable terms while the Inaugural
tion OF equitable express rates and an eff
ficient parcels post will also help.
s. Labor unions should reconsider their
rules governing the limitation of output,
for man ought to put into the world as
AiQAi as ne expects 10 get out OF IL.
s. The sailroads should be given a
square deal in the matter Of freight rates,
else grave troubles will break out by and
by
g. The increase in gold production can
not be arbitrarily stopped. but the present
signs are that there will be no abnormal
expansion in the near future the Trans
vaa fields the principal source OF supply,
having apparently approached their maxi
mum capacity.
4. Goldlessness, extra agapce. pleasure
seeking, etc. are matters for the individ-
ual to remedy That there is room for re-
form in these directions no one will deny
The Acme Of Stupidity.
THE Stanley reports recommendations
that control Of more than 80 per cent of
any industry he neld Illegal is the acme
of stupidity Truly our politicians are apt
10 be drowned when they venture upon
the deep sea Of economics.
There is no inherent virtue in doing
only a small business-often it augurs
lack of application, of industry. of thrift,
of foresight, of ability
Neither is it necessarily wicked to do a
big business
Rule Of thumb methods can OF he sue
cessfully APPLIED to so extraordinarily
complicated problems as those involved in
the modern machinery for cal>yng on
trade and industry on a national and in
ternational scale. Commonsense musl@be
exercised
The abolition Of great industrial organ
izations is not even desirable were il legis-
latively possible. for IN the herculean fight
for the worlds markets the puny con
cern can not stand up against the gigantic
ones, which have been built up in Britain
in Germany and elsewhere
IND gaf 81
ard will be controlled by the people. act
ing through their government. The rail
q roads have been brought under effective
regulauon' let similar treatment be ex-
tended 10 industrial combinations
Wall Street Still Waiting.
Wall Street is stil waiting We are
stiil between seasons Most financiers are
on holiday
Wall Street stu Waiting
Wall Street is still waiting We are still
between seasons. Most hnanoiers are on
holiday
Two Of the most notable who have re-
turned to New York, J. p. Morgan and
lanes j. Hill, refuse to express an opin-
! ION on the countrys prospects Coaxed
y a young reporter to grant him in
erview because II might mean an in
rease in salary for me-, Mr.. Morgan re-
lied that he would rather pay the differ
nee than talk, Mr.. Hin remarked that
e had "duit guessing"
Guessing is about all that can he I'M
ulged in at this stage The grain crops
Re progressing graufyingly. a fact of the
|rst Importance. Cotton, however, is suf-
tring from excessive heat in certain ply
al states. and quotations for the staple
bave been climbing 10 new nigh levels for
+ le year Railroad receipts are al the
Sc aNimum but expenses are unhealthnN
eavy. so that profits arc not altogether
itisfactory. Then the interstate com
ission continues 20 order isola ted reduc-
ons every week, and the demands OF cm-
oyees Tor higher wages have not yet
cen disposed Of by the influential COM
ittee Of arbitration
Political Declarations Awaited
Speeches Of acceptance Will bc delivered
triy next month boy presidential caudi-
ties. and these are awaited with unusual
terest. Especially Is the financial come
unity anxious TO learn Woodrow VIII
IA 5 attitude toward economic questions.
Ieh as the tariff. trusts ana currency
i1NH8 america II haul(pra "A - borrowing