Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-27
MORE WORK AND
CHEAPER FOOD
PREDICTED
Country Demands Railroad Rate
Increase, Declares Forbes.
Then Prosperity Increase.
a. q. G. FORBES.


The prospects at the moment are
that work will shortly be more plen-
tiful, that food will become somewhat
cheaper and that investments will inn
prove in market value.
These expectations are based on
the assumption that the Interstate
Commerce Commission will sanction
an increase in railroad rates and that
President Wilson will select a strong
non-political Federal Reserve Board
(Secretary MeAdoo. incidentally, has
been declared persona grata by the
French Government and will shortly
become Ambassador McAdoO, accord
ing to confidential advices received In
high financial circles).
Dependency has given place TO
hope, though not yet to confidence.
among the country's financial lead
ers and men Of large affairs. Until
Washington has declared itself more
definitely. all hesitancy viii not be
thrown of
The more optimistic reason thus:
President Wilson is now keenly
alive to the necessity for extending
relief TO the railroads. for modifying
the impossible anti business bills and
for encouraging revival OF trade ac-
fivity IL the Congressional elections
are to result favorably to his Admin
istration.
Congress will be governed largely
by the Presidents wishes in shaping
Its anti" legislation.
The Interstate Commerce Commits
sion will render helpful rate detis-
ion in Mayor at the latest. early in
June.
A Federal Reserve Board COM
manding general confidence viii be
named.
The crop conditions have been made
ideal by the heavy blanket OF snow
all over the country.
Important developments long held
In check by uncertainty will be UNDER
taken
Timid investors, following the ex-
VIII come forward and make extern
sive purchases Of bonds ana other
trustworthy securities
And the march toward prosperity
will begin In earnest.
My opinion is that. IL Washington
acts clrcumspectly, this program
stands a good chance of being car
ried out. And ] rather think Wash
ington will not fail to rise TO the oc-
casion.
There Is plenty of money In this
country available for investment the
moment confidence can be restored
Moreover, European holdings Of
American securities have been great
~ reduced during the last two years
OF turmoil here, and repurchases on
large scale can be counted upon as
soon as responsible advisers here feel
justified In recommending such ac-
tlon, Already considerable quanti-
ties Of high grade bonds and notes
have been quietly placed abroad
Europeans attach tremendous irnpor-
lance to the impending establishment
of our new currency system.
The enriching OF the countrys soil
and the promise of ideal agricultural
conditions are OF fundamental mo-
ment. for. after all. no amount OF In
dustrial activity can compensate for
crop failure. The bounteous har-
vests now presaged should contribute
10 lowering the cost OF living and thus
tend TO allay discomfort among the
ninety and-nine whose main concern
is 10 make ends meet with a little to
spare.
The new tariff should also ease
somewhat the workingman's burden
and enable the weekly wage 70 stretch
= little farther.
OF course, all this--or nearly ALL