Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-26

Ebert ii. Gary, head of the
the world, the United States Steel
Corporation, believes the Cow
eminent may have to go so far as
10 fix the prices of merchandise.
This, he declares, would be pref
cradle to the incessant attacks
upon corporations by the Gov
eminent.
Judge Gsry's Views.
rhe semi-c that has arisen in
his country Is thus described by
Judge Gary;
1T is not uncommon in public dis
;ussion to treat success rs an offense;
10 consider the possession OF wealth,
however honestly acquired. as wrong
Legislation calculated to create class
rs is urged persistently. also laws to
impose unnecessary and unreasonable
burdena; TO foTcibly take from one
something which he has and is en-
titled to have, and turn 1T over to
another; to prevent or to lessen the
success OF legitimate enterprise and
cndeavor
Capital, always timid, has been
affected seriously by this uureason-
able and unealled for agitation and
attack. Indeed. il liz becoming fright
cned. Confidence has been shaken.
Had to Borrow.
1T is becoming almost impossible
10 secure, on fair terms, on good Sc
rurity, and at "a reasonable rate of
interest the necessary capital to
equip or literally maintain going and
successful properties, to say nothing
Of the extensions this great and grow
ng country demands"
That more anti-oapitsl legislation
* planned is known to everyone &C
,uainted with what is going on at
Washington That capital is timid
10 the point Of nervousness. is album
dainty evident.
These large facts have been en-
phasizcd in these articles OF late be
vause they have lain at the bottom Of
the whole financial, industrial and
commercial situation. Without knowl-
edge Of this underlying factor, 1t
were impossible to gauge the position
correctly
Nervousness Inevitable.
Until capital learns more definitely
what the administration proposes to
do. this uncertainty. this nervousness,
this cropping in the dark will blight
business
hear President Wilson is to have
an investigation made of European
laws dealing with all phases of cor
pofstion organization, fotation. regu-
tations and taxation.
This is construed TO mean that he
will bring forward comprehensive
legislation to curb the trusts and to
AK the responsibility for wrongdo-
.ng upon individuals, as is done
abroad
The large outlook therefore, is still
full of disquietude,
But there have been encouraging
developments OF Importance.
Currency Bill Modified,
No one now fears catastrophe from
the enforcement of currency legisls-
tion, "a Washington has lately mani
Tested disposition to modify its pro-
posals in accordance with the princi-
pal demands Of the banking world.
The new tariff, too, has been set
In motion without friction.
Thus the sky has been cleared of
what not long since were its two
darkest clouds.
our strictly banking position has
improved wonderfully. No danger of
monetary stringency for current pur-
are the international exchanges that
gold could he imported from Europe
without loss.
our foreign trade is breaking all
records.
Both imports and exports last
month were the greatest for any Sep
TENDER iu our history; the total over
sea trade for the elapsed mine months
pt 1878 has reached AN unparalleled
total and the balance Of exports has
been only once exceeded in the
wholly abnormal post panic year OF
lHUN
Hess mism, rs must be confessed
however is stN prevalent in most
n financial circles
Nevertheless the solid fact remains
hhat irrespective of day-to-da Nur-
y tuationS, high grade securities can %.
purchased for outright investment to
aaN at price levels which can be
svailed ~ only once in a period Of
years.
PessimiSm can be overdouc