Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-27
little WORD If"
|ANCS|NVESTORS
,no AqO Big People Protected
themselves While Common
People StrangIed.
~ THOMAS c. sHorWELL.

Az THOMAS c. SHOTWEll.
,v &c the busiest word in the great
4 rciaI markets of the world just now.
4 The New York stock exchange an IF
grket is in progress, and the IF looms
IN as Humans gallows. The comical
- dangling from the cross bar at the
4 NJ a rope is not a Trust magnate, nor
x one of the criminal rich. 1t is just
In Mr.. Smith, one of the common peo-
4 who is hung up with a few hundred
&sres of stock, at prices so high that he
afraid TO keep it and afraid to sell it.
IL big people protected themselves long
i against just such troubles as are
IN looming up in the near future. If
s+hing worse develops the small invest
j who are being choked to death by the
sticans may escape with their lives.
hF the supreme court should hand down
4decision at Washington next week in
II Minnesota rate cases, that will fur
H. at least one substantial foothold for
II investor. IF no decision be rendered,
i stranglng process will continue. The
snreme court is on record in numerous
Sses in which it has decided in detail
Sery point that is involved in the Min
ssota cases. IF the Justices do not
sndered must be favorable to legitimate
bsiness and that is all that the invest
= need Nobody has any doubt about
Ia court unfolding the interstate COM
serce commission, as against the state
silroad commission, but most investors
"a bit anxious as to how the supreme
Hurt will decide that a railroad should
4 valued The lower courts in this case
Emitted valuation on the present cost
renewing the property.
Balkan Peace Would Help.
3lF the Balkan war is ended soon there
M be an immediate revival of business
Europe and an immediate release of
sveral hundred millions of capital and at
hst million and a half of men who
i've been withheld from productive oc-
1 pation by the war. Immense loans will
I've TO be placed. but there is plenty of
In be restored by the establishment of
eace IF Russia does not attempt to
eize COnstanttnople. peace, when estab-
shed, will be enduring.
|IF the Democrats display conservatism
reforming the tariff and If the con-
Eessmen from the various sections of the
buntry persist in protecting their own
bme industries there will be no tariff re-
Pm worth mentioning. Louisiana, Coles
Rdo and California can save the tariff
} sugar only by making trades with
representatives. from New England, who
Yen If the tariff should be reformed,
bme Of the greatest corporations are in
pSltlon to manufacture abroad and ship
pods into this country alongside of for
|gners. Under such circumstances the
tile corporations would be hurt and not
pe big ones. IF becomes a gallows again
this case for the little corporation Just
it does for the little investor. Stocks
the little corporations are suffering
pa IN many cases needlessly from public
larm.
Big Concerns Can Move.
IF there are drastic changes made in
he financial mechanism of Wall Street.
pat, too, will hurt the little investor and
Pc little corporation more than the big
Pc. The big man and the big corpora
Pn can establish offices anywhere
hey came to New York because it was
indy but in this age of instantaneous
when there are big banks
all the large cities, it is not very i'm
ortant where one does business, since
POST OF the big corporations and big men
3 world wide business. 1t is the en-
loyees who will suffer.
IF the public would only stop to con-
per that 1t is almost impossible to hurt
Pc leaders Of finance without iniuring
pemselVes far more seriously they would
erhaps restrain their fury. The men at
y top 40 not escape because they have
pItenpt Tor the people, but because IL is
Jaw OF nature that when a building is
nashed the stones on the roof naturally
~ on top of those lower in the build
~, Inc big men do not have to be eS-
ecIaIy clever to save themselves, for
\ WEAKER ones always tumble first.
~ present popular rage against cor
Orallons has ceased to be comical 1t
as become a tragedy
II me crops are good this summer all
sdIs OF the people may be forgotten
,nete mas been abundant rain so far in
Chpt10nG nf f1A0. A.
'oN IS good: But the pessimists are say
u mat If IT should happen to be a dry
uIIIHef everything may be undone IF is
'GTKlng months in advance. If the re-
l.Js IN stock market prices were not so
U ',si, and so disheartening all this IF
holhlng funny about it.
II w Becomes Disease.
o ,r mas become disease. Nine bust
eSs men out of ten when asked to make
ny , sIdt ement whatever follow their as
sLtlons with an IF. No man knows for
srtain whether he may not be arrested
n d charge OF violating some law or be
IoJected 10 some new form of taxation
= .tgstralnt IN business that he considers
az livery movement in the stock
a ori het is under suspicion, although the
raj Oeen pei leo'iS nat
Uhe pltiful feature of the situation is
ID some of the most aggressive reform
o.a nave suffered in the stock market
+,an names are mentioned in Wall
y, ~ e "a ana 1t is hard to decide whether
,ns Jury displayed by these persons is re-
sHige or Just blind rage A wise pro
S Son OF the American government pro-
,oIS tnat the secretary of the treasury
, ,Ta. nave no entangling business al
r onIS II would be well IL congress
ivng dealings with the financial world,
re-, Uoneressman who has suffered Sc
' Si,y,., as the result of his own mistakes
se3uying or selling stocks.
o TsGcKS are selling for less than they are
,sr out the monstrous IF that looms
sts i ;.n market like Humans gallows
'''S lVs shadow over everything,