Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-11
HERE
PREDICT BIC
BUSINESS
Fine Cotton Crop Prospects Prom
Use Great Year for All Lines
Throughout the South.
Continued From Page /.

a bad thing under such conditions. 1t
makes for conservatism and economy.
"One good effect already is seen.
This will be the cheapest produced
cotton crop Georgia has grown in
many a year Nothing could be more
healthy than this economy by the
country bank and by the farmer.
by the way, the crop looks good.
1t is perfectly clean and, while not
large, is healthy and properly Guilt
waited.
Underlying conditions in the South
are sound. Business holds up well.
The New Workers who are emitting
gloom are extremists. No man, no
matter how cheerful he is, can re-
main long in the atmosphere of Wall
Street, with stocks where thay are
now, and keep free from the blue
tinge. But this is not a community
interested in stocks and bonds. Let
the New York man come here for ten
days and he win begin to look more
cheerful at once.
Looks for Good Times.
I'VE need a good crop. 1t looks as
if we are about to get it. When it is
in | look for excellent times"
Captain James W. English. presi-
dent of the Fourth National Bank, is
most optimistic.
I'VE have not refused a legitimate
demand for money this year We have
net turned a customer down. We have
taken care Of the country banks up
TO the limit of their demands" he
says.
Manufacturers, jobbers and retail
ers in Atlanta who are our customers
are doing a good business, as we can
tell from their accounts. We hear no
complaint from them.
There is considerable building go
| ing on in the city, one of the best in
dications of business conditions.
"The volume of loans varies very
little from last years figures. There
has been no unusual demand for
money.
| This is not a time for undertaking
great expansion. We have found that
/ business men also take this view OF
the matter. We have not been called
upon to check overambitious tenden-
/ cies save in one or two cases.
Country banks have not borrowed
heavily. 1t has been their policy to
| enforce moderate expenditures among
their customers. This will be reflect
| ed in great prosperity when the pres
ent excellent crop prospect is fulfilled
Hysteria in New York.
IF a man would set off a cannon
/ cracker in a New York bank nova
days, the officers would seize their
/ hats and jump over the tops of their
desks. That is hysteria.
But no ripple of unrest has reached
Ius. Wait until September, when the
/ well-worked. thoroughly cultivated
crop begins to move. Then you will
see things blossom forth"
/ Business is moving along very
we'll" says Charles f. Currier, presi-
dent of the Atlanta National Bank
/ Retail and wholesale merchants tel
us in many instances that their sales
are ahead of last year. Stable bust
ness does not move by fits and starts
/ from season TO season. The volume
Of trade this season is satisfactory.
Much, of course, depends upon the
/ growing cotton crop. Just now per
haps the plant is little small and a
/ little drOOpy But give US a few
weeks of sunshine and see how II
| grows.
The tariff uncertainty is causing
some hesitation. but it will be cleared
up soon. The South, as | see it, is il
good shape"