Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-29
FACT AND GOSSIP
Of MONEY MARTS
Some Questions Aroused by
Consideration of China's
Present Position.
BY 8. c. FORBES.

men carried to me Complaints toncefHHs
this column Both declared they spoke
for others And both voiced the same
grievance Here is the substance Of 49,:
You used to write financial comments
that Wall Street people read Now YOU
tell us little or nothing about The stock
market; what the big people think NJ IT,
or about the undercurreuts in HE money
market You write less about Wall
Street than about generalities And what
you do write is too elementary for us
You have changed very much
accepted every word Or the censure
admitted it was all true But had
some defense 10 offer.
IN the opening article of this series.
] pointed out that those who arc whole
need no physician J Indicated that there
was need for interesting the wider public
IN financial and Industrial affairs, for
putting capital IN q fair and square light,
vet a The same time not shrinking from
criticising anything that capitalists might
attempt or do against the general veal
To interest this larger audience the me-
chanic. the miner. the carpenter, the
merchant. the factory worker tile clerk,
the farmer it IS necessary TO write that
which can be understood without tech
nical knowledge If I'm so doing offense
has been given certain Wall Street gen
tlemen whose souls are above the ordinary
affairs Of life, and certain newspaper High
Brows, am sorry. but I can not prom
Use to mend my Ways here and now
Are there not enough scribes daily
pouring ont technical dissertations on
Wall street movements? Are there not
plenty Of columns devoted to explaining
every two point ducmation ia the stock
market? Such onuiscience has been de
MED me How any human being can dag
nose in hve minutes often without con
sulting soul. hut merely from staring
at the tape-every little rise and every
little fall in the hundred or more issues
actively traded in on the stock eX-
change passes my comprehension Nor
have 7 learned the secret of ascertainng
just what every big operator is doing in
the market But apparently others have
learned all ths-and more Then, again.
Il is not easy for me 10 grasp the ne
cessity for dating to the extent of a
third Of q column daily upon the frae-
tional fluctuations in Steel common. That
task also is faithfully performed by others
who see in such movements an importance
altogether beyond my vision
Is it not more useful to write, in a fair
spirit, about Wall Street and matters at
fectinR it than for Wall Street? The
later duty is very, very fully attended to
by large host Surely one scribe may
be allowed TO DISCUSS "generalties" in
an elementary way without mourning
condemnation.
Happily for me, every one does not
snare the view Of these, my critics Some
even in Wall Street realize that there is
3 larger public whose good viii is worth
winnig by an impartial presentation of
financial and economic facts in language
that Macaulsys school boy could under
stand only yesterday an international
banker Of the first caliber remarked that
the Hearst papers are doing Invaluable
work in purveying unbiased financial and
business news and decent views And
here is what the president OF a large rail
road writes:
81 was extremely interested in what you
said concerning the railroad situation As
view the matter, you are doing a dis
tinct public good in your efforts 10 bring
the question fairly before the people for
their intelligent consideration. As you
have well said the railroads either have
or they have not been fairly treated II
they have been treated fairly, then. Of
course, we need have no concern, but if
- oo,oarr ~ otte ,, o s9V,u
general good Of the country The rail-
roads. and the people, too. are to be
congratulated because Of the fair and in
telligent attitude OF the Hearst papers
concerning this most important question y
.,4s,..+,.
- at,
from the head Of a labor union in Florida
nave ooilslsseilu3 ieii"iueu rom pun
"Shils any "i ,ne many II ieI'uiS coih
muncatlohs ana mad no intention OF
pruning theSe' pu' py ao'hs SO inc gen
uelnen VINO want holhlng but stock mar
ket ana other Van street lnoVeemnts dis-
cusseo may learn that there are other
SUBJECTS worthy OF some slight considera-
uon Al the hahos OF popular newspaper