Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-02-15


ing, boarded in this country.
There are millions upon millions
available for investment and for
business expansion, but until the
Government shake-up of the ma
ton S industrial system is over
this money will not be released.
Restore confideI &c, and we could at
once offer employment to our lamen-
table idle army. we could at once at
tract capital for investment. and we
could at once advance toward pros
perity.
But Washington is still a source Of
disturbance.
If all the laws now proposed We're
passed, financial, industrial and con-
sequently labor chaos would result.
Trusts and other bis corporations
would not be the only interests Vio-
lently affected. Every company, every
labor union. every bank. every news
paper, every concern managed by d.
rectors would suffer.
The so-called five brothers" bis
contain provisions that would over
throw the existing order and produce
unthinka BILE confusion.
The motto of latter day legislators
appears to be: Lets prohibit every
thing in our first drafts of bills and
then learn from those affected just
how much we must permit
A sure cure for toothche, an old
saying runs, is to have your head
cut off Some politicians holding
ct CHI inc n ia
that method.
The craftsmanship" exhibited of
late by aspiring lawmakers would not
do credit to Hottentots. Instead of
doing their duty by bringing forward
only the most carefully considered,
ably drawn measures, they rush for
ward with bills OF mpossibilities and
contradictions, absolutely unwork
able and sometimes glaringly UNI
constitutional.
Voters are entitled to better work
manship from their lawmakers. Were
doctors to write prescriptions as in
efficiently as our politicians write
laws, what havoc would be wrought!
Some of the prescriptions for bust
ness Ills written by ambitious states
men," would, if filed and adopted,
prove not less fatal.
The people would do well to be
stir themselves and demand better
things from their highly placed po-
litical servants.
Until fewer strong men are walk
ing the streets by day and swallowing
their self-respect by seeking the
shelter of charity at night, Washing
ton should discourage the unsettling
activities of busybodies and give
business a chance to find its bear
.ngs.
Idle money is superintendent in
America in England and in Ger
many, while France is persistenuy
drawing gold from New York to
build up its already enormous re-
serve supply
Abroad offerings of high grade Sc
curlties are being absorbed and pros
poets here are Frightening, notwith-
standing that the stock market has
receded this month.
Southern Pacific SIS, 900, 600 new
per cent convertible bonds were quot
ed at a substantial premium before
issued. and the demand for allot-
ments was naturally overwhelming.
Other fiotations viii come along
The success of gilt edged converti-
bic railroad bond sale does not nee
essarily mean that investors are ready
70 snap up anything that may be dan
cled in front of them
There is still enough uncertainty &c
cause them to look well to the Sc
curity behind new issues. Few peo'
pie are anxious TO take chances unit
the legislative clouds have left.
Business men are doing their best t.
stimulate activity and thus reduce tho
number Of unemployed rut they .,
think Washington should let up a
least FOR the present. in its output o
"anti" measures.
The Administration viii be on trial
ss well as the corporations, durinl
the next few months. Unless com
mon sense be exercised in business
batting the outcome may not b.
pleasant.
Let us hope that the more PERM
cious parts of the multiplicity o
"7ntl" bills will be speedily elimi
mated under pressure of an enlight
ored public opinion. and the wa,
cleared for a vigorous forward march
We have the brains, we have tn
labor, we have the money. we hav
the inclination.
AT We Lack Is confidence. Wheth
- "e snail get i or be denied il is 70
v eshne'nU 70 say NOT 10y word. bu