Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
SOUTHFACING
ITSBANNERERA
SAYS GAMBLER
Bankers All Ready to Meet New
Demands That Progress in Ag-
ricuture Make Necessary,
Continued From Page I.

East 10 the fact that the Demo
Gratis came into power more
through Republican disruption,
perhaps. than through their own
undoubted virtues. / do not sub
scribe to that altogether, and
am not particularly Interested IN
it. believe this country is going
to progress right along its road
of prosperity, regardless largely
of whether a Democrat or a Re
publican Is in the White House
IN Washington. However these
things do sometimes cause
feeling Of hesitation among hnan-
ciers. whether they ought 10 or
not
The agitation Of the tariff
causes certain big Industries to
mark time so To speak. while
the problem is being adjusted.
Naturally, this is so-how could
il be otherwise But there Is in
this no reason for alarm or anN-
iety.
is concerned more perhaps with
the real estate question. Ger
tainlv that Is a thing Of para
mount Importance 20 MS.
Real Estate Market Stagnant.
Just now the real estate mar
kct is more or less staguant.
There is not so much trading as
there was this time last year.
still. can YOU get anybody To sell
YOU property to-day any cheap
or than he would have sold II to
YOU last year,
you certainly could not get any
Of my real estate at less tiEure
than YOU might have had IL for
last ycsr-indced. you could not
get ii without payinb me, an ad-
vance
"Why IS q, people ask me, that
real estate values either hold up
or so forward regardless Of the
fact that few people are trading
IN it2
We'll there is that same feeling
OF hestitancy in the real estate
world that there is in the world
81 fnance-it is an intangible,
more ar less elusive thing 10 get
hold Of mcutally-and IL can not
D. accounted for very well by
facts
Let me tell YOU one thing, and
50 is the one big. significant thing
too there is abundant confidence
iu the hearts and minds Of the
people and the banks
And. after al, confidence is the
thing that holds together the en-
tire financial fabric
Confidence Is Unimpaired.
mo matter how high the rate
Of interest may be or how tight
money may get, YOU. can not dis
turh conditions seriously so long
as confidence remains unim-
paired on the other hand. no
matter how easy money may he,
or how low the rate Of interest.
financial distress can not be
warded of II confidence is upset.
There are two classes Of peo-
ple in this world that interest.
There are those people who are
forever wanting 20 reform things,
and there are those people so
sadly IN need Of reforming II
genuine rcflrmers and those gen
uinelv needing reform could be
gotten together IL would be a
mighty fine thing too often
they never do get together, really.
Il do not think ! should enjoy
too many privileges with respect
10 YOU I do not think that be-
cause ] happened TO lose a $40
note this morning that / should
have the right to search the peck
cts of every visitor who comes In.
20 find out IL ne has a.
Il do not think my lack Of con-
hdence should be INDUCED TO that
extent.
II believe that optimism beEets
optimism believe just as firmly
that passimism bcgcts pesSimism.
We can talk hard times and
danger ahead. until we really
bring ourselves into the zone OF
dangar-but how absurd TO cut
our own throats after that fash
iou'
No Thunder From South.
Some hnanciers I'm the East
have heard. or imagined they
heard the mutterings Of distant
thunder II they have thought
they heard u in the direction Of
the South. they are mistaken.
81 went into a big bank In the
East not long ago, and ] asked
the president how he was getting
along AN right said he.
Things look promising.
Il found, however. that he was
not lettirg ont HIS money quite
as generously as he did last year
and asked him why. He said he
simply thought il safer 90 hold
things down that was all.
81 tried 90 get him 10 fix upon
something definite that looked
dangerous. He couldn't do &c. He
was vague and more or less in
definite He simply was hesitat-
ing He was not alarmed. not
even auxious-but he was for
some reason or other. just hest
Eating Co let himself loose.
He talked about the tarin
agitation. and the political condi-
tions-hut 7 really believe there
Was nothing tu his mind that aC-
tuallv q i.-reyse3 him
zone reason why money Is be
'u- held back iu tre East. 20 a
certain extent now. eutalinE upon
the country slightly higher rate
~ interest than usual IS that the
great West is going 90 produce
the biggest crop ~ grain this
wear that the world has ever
knoHu-aud it is going 20 require
an enormous amount ~ money 60
move it The East know lr viii
be ca lied upon 90 fI~-i SD this
money-and 30 is going Co furnish
it, That's one reason why IL Is
holding back now
No Ground for Apprehension.
But that rs not a depressing
tEing-it is "a rainbow. lr indie
Gates very substantially rrusuer-