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-
riCuIture Make Necessary.
Continued From Page I.

Gratis came into power more
through Republican disruption,
perhaps. than through their own
uudoubted 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 hesita ton among tinan-
ciers, whether they ought TO or
not.
The agitation Of the tariff
causes certain big industries to
mark time so 20 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
tainIy that is a thing Of para
mount Importance to us.
Real Estate Market Stagnant.
Just now the real estate mar
ket is more or less stagnant.
There Is not 20 much trading as
there was this time last year.
Still. can YOU get anybody 20 sell
you property to-day any cheap
er than he would have sold it to
you last year?
You certainly could not get any
Of my real estate at a less figure
than YOU might have had 1t for
last year-indeed, 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 20 forward, regardless Of the
fact that few people are trading
in Il?
We'll. there is that same feeling
Of hestitancy in the real estate
world that there is In the world
of finanCe-T is an intangible,
more or less elusive thing to get
hold of mentally and IL can not
be accounted for very well by
facts
Let me tell you one thing, and
IL is 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 Unimpsired
"No matter how high the rate
of interest may he or how tight
money may get, you can not dis
turb conditions seriously so long
as confidence remains unim-
paired on the other hand, no
matter how easy money may be,
or how low the rate Of interest
financial distress can not be
warded on n confidence is upset
There are two classes Of peo-
pie In this world that interest.
There are those people who are
forever wanting TO reform things,
and there are those people so
sadly in need Of reforming, If
genuine reformers and those gem
timely needing reform could be
gotten together II would be a
mighty fine thing-but too often
they never do get together, really.
Il do not think l should enjoy
too many privileges with respect
TO YOU. I do not think that be-
cause I happened TO lose $40
note this morning that l should
have the right TO search the pock-
cts OF every visitor who comes in,
10 find out N he has Il.
Il do not think my lack Of con-
fidence should be INDUCED 10 that
extent.
Il believe that optimism begets
optimism ] believe just as firmly
that pessimism beRets pessimism
We can talk hard times and
danger ahead. until we really
bring ourselves into the zone Of
danger-but how absurd TO cut
our own threats after that fash
ION,
No Thunder From South.
Some financiers in the East
have heard. or imagined they
heard. the mutterings 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. All right said he.
Things look promising
u found, however that he was
not lettirg ont his money quite
as generously s he did last year.
and ] asked him why. He said he
simply thought il safer TO hold
things down-that was all
u tried 90 get him 10 fix upon
something definite that looked
dangerous He couldn't do it He
was vague and more or less in
definite He simply was hesitat-
ing He was not alarmed. not
even auNiuus-but he was. for
some reason or other. just hest
tsting 90 let himself loose.
"He talked about the tariff
agitation. and the political condi-
tiCUs-bur ] really believe there
was nothing in his mind that ac-
tually distressed him
zone reason why money is be-
fuE held back I'm the East 20
certain extent now. entai.iug upon
the country "a slightly higher rate
OF interest than usual. is that the
great West is going Go produce
the biggest crop NJ grain this
year that the world has ever
knOwn-arf it is going 10 require
an enormous amount ~ money t0
move IT, The East knows IL viii
be called upon 20 furnish this
money-and 10 is going 20 furnish
it. That's one reason why it IS
holding back now.
No Ground fer Apprehension.
But that Is not a depressing
thing-it Is a rainbow. T. iufi-
Gates very substantially prosper
Gus material conditions.
7 do not believe there d. one