Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-08
PASSING Of WAR
CLOUD ABROAD
EASES STRAIN
Hidden Money Should Come
Forth and Europe Aid U. S,
by Holding Securities,
BY BoERsIANER.

To the inexpressible satisfaction OF
international finance and to the as,
constituent Of European chancellor,
ies, peace. for time at least SCENT
assured in Southeastern Europe.
Threatened eruptions between tbs
allies themselves there are. But
these are not likely to be full blown
The fine and firm hand revealed at
the London Congress-which has sub
verted precedent and amazed schoi-
ars Of diplomacy a guaranty that
the minor dogs Of war in the Balkan
territory win be held in leash.
Money Should Be Accessible.
This was the development Of para
mount importance last week. this ms
pivotal thing in the money world, Its
beneficent effect should soon be visl-
bic. Money. which, paradoXicaily, has
been everywhere else easy and no.
where chtainab,e, should PRESENTLY
become practically, instead OF theo-
retically. accessible As the terrltN
ing obstacle Of another, or general
European war, has been removed an
enormous amount of specie ana lega|
tender funds Is certain 20 emerge
from hiding places and go into err
Culation
To qualify a most salient improve
rnent bv argument that Europe viii
have use for every franc. shilling
mark and krone that Is Tedoposited
IS beside the capital point which rs
that confidence should be restored
within a fortnight among tine pruyi-
dent and prudent masses abroad. WIN
me tension of its own markets. Eu
rope must help the American huui
datfon of American securities should
cease and gold exports end
Domestically, we still have the mis-
giving bred by the administration
Or Rudolph Meyer a German poulIr
cal economist. once dognatized ihal
"the day VIII never come when "a
professor Of political economy, as
such, will be "a statesman, but the
day when a statesman can afford 90
he ignorant OF political economy has
come already" He did not provision
the capital Of the United states In
his assertion, though his words M
Washington al the moment How
ever, Washington promises 20 make
amends for sudden and sweeping
tariff changes by giving the country
during the current Session Of Con
rress. "a currency system somewhat
IN conformity with the country
needs
viii Not Meet All Esigeneiss.
The measure will not meet an EXT
gencies Some of its provisions may
be suggestive Of politicians who know
much about politics and nothing of
banking hut "a start In the right d.
rection has been made. In time
central supervision body consisting
wholly Of government officials may
be gradually transformed into Cen
tral Banking Institution, I'm which
bankers may have a voice.
This together with the granting
Eastern roads TO increase their
freight rates per cent should mol
Mfy the inner penetralia Of financial
New York. How bitter. not to say rec
sentful. the members Of the New York
round table have been had better
not be expRtiated upon. They were
not frightened by the President s
threats They were angcred 10 tho
degree Of reprisal And it must %,
noted they had few sympathizers
as far west as Chicago and 81. Louis
In consequence. the money position
was not pleasant and the outlook de-
cidedly unpleasant
But a mutual confessional spirit
aEencied partly by Mr. McAtoo. has
eaEed the strain Mr. MCAdoo's tact
hll ONCE and a recovery IN CONNER
cial deposits have made matters so
comfortable that the Autumual money
demand now is faced with equanim-
ffv