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


perhaps, than through their own
undoubted virtues. l 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 a
feeling Of hesitation among finan-
ciers. whether they ought to 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 anx-
iety.
Next to agriculture. the South
is concerned more perhaps with
the real estate question. Ger
mount importance to us.
Real Estate Market Stagnant.
Just now the real estate mar
ket is more or less stagnant.
There is not so much trading as
there was this time last year
SIM can you get anybody to sell
YOU property to-day any cheap
or than he would have sold 1t to
you last year?
you certainly could not get any
of my real estate at "a less figure
than YOU might have had II for
last year-indced, you could not
get il without payinb me an adj
vance
why Is Il. people ask me that
real estate values either hold up
or go forward. regardless Of the
fact that few people are trading
IN ~?
well. there is that same feeling
Of hestitanCy In the real estate
world that there IL in the world
Of fuance-it is an intangible.
more or less elusive thing to get
hold Of mentally and IL can not
- he accounted FOR very well by
facts
let me tell you one thing, and
81 o. the one big. significant thing,
too-there Is abundant confidence
in the hearts and minds of the
people and the banks
And. after all, confidence is the
thing that holds together the en-
tire financial fabric.
Confidence Is Unimpaired.
mo matter how high the rate
D.. HRs.r iG
money may get. you can not dis
turb conditions seriously SO long
as confidence remains unm-
paired. on che other hand, no
matter how easy money may be,
or how low the rate Of interest,
financial distress can not be
warded Of II confidence is upset
There are two classes of pco-
pie IN this world that interest.
There are those people who are
forever wanting 10 reform things,
and there are those people so
sadly In need Of reforming II
genuine reformers and those gen
timely needing reform could be
gotten together it would be a
mighty fine thing but too often
they never do get together, really
- do not think / should enjoy
too many privileges with respect
90 you I do not think that be-
cause / happened 10 lose $40
note this morning that / should
have the right 10 search the pock-
cts Of every visitor who comes IN,
TO find out II he has IL.
Il do not think my lack Of CON
fdenCe should be INDUCED To that
extent
Il believe that optimism hcEets
optimism I believe just as firmly
that passimism beEets pesSimism.
We can talk hard times and
danger ahead. until We really
bring ourselves into the zone Of
danger-but how absurd 10 cut
orr own threats after that fash
ion'
No Thunder From South.
some hnanciers in the East
have heard. or imagined they
heard. the muttcrings OF distant
thunder. II they have thought
they heard IL In the direction of
the South. they are mistaken.
Il 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
81 found. however. that he was
rot iettirg ont his money quite
as generously as he did last year
and asked him why He said he
simply thought il safer 10 hold
things downfall was ALL
Il tried 20 get him 20 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 anNiou--but he was FOR
sams reason or other. Just hest
Eating O. Ter himself loose.
"Hs talked about the tariff
sEf-ati0r and the political Condi-
tfous-but 7 really believe there
s.as nothing iU his mind that ac-
tu Us distressed him.
zone reason why money is be
Eng Ea!1 back in the East. 90
certain extent now. eurEtIing upon
-ht country "a slightly higher rate
80 interest than usual IS that the
great West is going 20 produce
the hiECCs crop Cf grain this
wear that the world has ever
kro~n-a~F r. is going 20 require
an enormous amount of money f1
move &c. Tho East knows II VIII
De called upon 10 furnish this
money-auf 10 is going 90 furnish
IL. That's one reason why IL is
holding back now
No Ground for Apprehension.
But that is not a depressing
thiug-it is a rainbow. Il in5i-
Gates very substantially prosper
Gus material conditions.
j Go no. believe there IS one
thing that juS-ides apprehension
o- anxiety fu the business world.