Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-02-08

us would be affected.
Then, have you noticed how
proceedings just started against
the union of printing trade en-
ployees. Those who clamor for
ultra restrictive legislation
against one class are apt to over
look that same legislation, if ap-
piled TO themselves, would be
most embarrassing. And class
avs have no place in a democ-
racy.
What Is sauce for an employer
ought to be sauce for an employee.
Danger of Extremes.
There is danger, l think, of going
to Injurious lengths in hastily rush
Ing through anti" legislation.
If Americas business We're not con-
Quoted with more skill and brains
that characterize its law making, we
would he the laughing stock Of other
industrial nations. The superiority of
lawyers in Congress provides album
dance Of work for lawyers in prac-
lice And the public-the consumers
pay for it ALL
Take The proposed legislation to
prohibit interlocking directorates. II
no man could be allowed to sit on
more than one board, where are the
mil,iOn-Odd directors necessary for
the COUntry's thousands of corpora
lions to come from? This is another
bald instance Of legislation gone to
seed
That the interlocking dodge was
carried too far by the money power
no 0ne-nOt even the guilty ones
deny. And that a remedy must be
found is also admitted. But to jam
through crude, idiotic bills, drawn up
by rank neophytes, would bring
chaos.
America needs the full service Of
her ablest leaders in finance and in
dustry She can not afford to drive
them out of business. America must
not discourage legitimate enterprise.
And TO forbid man from having
voice in more than one concern, no
matter how remote he might be from
the other, is assuredly calculated to
cripple the development of this young
country's incalculable resources.
Should Go Slowly.
Washington would do we'll, for the
present, at least, to make haste slow
4y In Stacking enterprise. IT is so
much easier to tear down than to
build up.
with so many thousands OF unem-
!.oyed, and so much distress among
families throughout the land, this is
no time to trot out half baked, revo-
lutiouary, impossible laws aimed at
commerce.
To my mind, the public interest will
oe best served at this juncture by
le'ting the politicians know that COM
mon sense, and not theatrical display,
is expected of them.
European bank rates are still fall
ing, supplies of funds are increasing,
new loans are being more rapidly
absorbed, and the bourses are dis
paying more cheerfulness.
~ home money is accommodating IN
New York and other centers, the de-
inand for superior investments Is
broadening, new offerings are not
coming forward in overwhelming
quantities, and good stocks are re-
sarced as cheap.
The more powerful financial groups
NII probably try to maintain strong
STOCK market at least, temporarily,
10 facilitate the fotation of new is
sues II this course is followed, the
public may be attracted in numbers,
es there undoubtedly is an enormous
sum available for investment.
FINANCIAL powers that be, however.
10 not count upon any runaway bond
NY stock market They are still in
Nariiy uneasy over the doings and
"uIcs Of Washington. They can not
'snore Mexico.
, lAey are not sure the Interstate
0nmerce Commission will expedite
-"e freight rate decision.
Claflin May Be Named.
me Federal Reserve Board has still
10 be named John Claflin, the dry
7oo5s king, is the very latest nominee
9I Dame Rumor)
ana, looking farther ahead, gold
sports on an unparalleled scale are
,Apeeted once the new currency sys-
~ is introduced. one of our brain
ss International bankers tells me his
european friends are chuckling over
ne prospect Of being able to call upon
w United States for gold whenever
occasion demands.
sock brokers, as a rule, look Tor
'aANing quotations, but those high
y - are not enthusiastic, They at