Atlanta Georgian., 1913-03-10
|ERICAN MONEY
'AN|C STRICKEN
Forward Financial Move.
ment Expected Until
After April |.
b. 3. C. FORBES.

..fssr dnanciers are waiting.
\ sorrage has been shaken. They
make DO forward movement until
ipgu /. They want to see how
-ess viii act. So many dark horses
',rsfIv-lave come into power
the future can not be diagnosed.
sov does Wall Street like Wilson's
retao was question asked often
e-5ay Wall Street doesn't know
II is suspicious, but is suspending
Iment
me claim that Mr.. Bryan, though
CaI In speech, will be conservative
ction Ii should also be mentioned
in financial circles Mr.. Bryan is
syreeted to hold the rank of a cabi-
nf7car for any long period. He and
Ian il is limited, will prove an ILL
rbe5 team. Wilson retains much of
that goes with the
rish strain in his makeup, while
IN wall street thinks, will not sub
'to the overlordship of the presi-
but will kick over the traces and
All this. however, is problemati-
iuam G. McAdoo is viewed as
strong man, we'll calculated to
2 an admirable secretary of the
,urv. In banking circles there had
keen speculation as to whom the
'dent would select for this post,
his declaration that he would not
< of appointing a banker. Finan-
people, by the way, sharply resent
hat they construed as a slur upon
auking profession. Said one bank
International reputation to me: 81
supporter Of Wilson, but I felt
at his condemnation Of those in my
of business He evidently thinks
can not be a banker and remain
st. Do YOU think that is fair?"
It there is one man in the cabinet
Wall Street will watch more close
ian all the others. This Is James
the attorney general.
has won the title OF
i buster extraordinary"
friend Yesterday told me an inter
g little story about the new engi-
of the nations trust -dissecting
linery. The late Chief Justice Har-
was speaking with my friend one
years ago, when young Mercy
5 passed. DO you know that young
well?' asked the judge. NO"
the reply We'll, watch him. I
gone over the records of the court
arching for precedents and I have
d many arguments in my own time,
never have I known of clearer,
iger arguments than he has pre-
ID" Isn't that a very high com
snt?' asked my friend. 1T is" re-
the eminent judge. But, more
that he possesses what. regret to
A good many in his profession lack
ull measure of conscience. Watch
areer."
at IS exactly what men of large af-
are now doing.
nm some mysterious source Wall
I has learned-or at least thinks
S learned-authoritatively that Mr.
ms first message to congress will
II Of fight, full of ginger, and that
j send a shiver down capitalistic
S-lf capital can be said to have
pines left, Therefore. Wall Street
epins reducing sail and keeping
To shore lest a storm burst.
financial markets can adjust
selves IN ADVANCE to looked
7VeIopments has again been dem
5ted this week. When first the
'er Went round that Bryan would
Ven a seat in the cabinet every
sand that such a selection would
litaJe at least small panic. Well,
anne of William Jennings Bryan
Inquired at the very head of the
Wall Street did nothing.
s Went neither up nor down a cent
.Se ef the official announcement.
So it may be that even a radical
'ge to congress and an immediate
Wiling response in the same spirit
prove to have been discounted"
street is so blue today that ii can
eel much worse, no matter what
.ns at Washington.
s-e was a time when Wall Street
Let's ignore politics." How
acting on its own advice?