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.
ar 9. c. FoReEs.

The prospects at the moment are
that work will shortly be more plen-
tifuI, 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,
(gecretary McAdoo, incidentally, has
been declared persona grata by the
French Government and will shortly
become Ambassador McAdoo, accord
ing 10 confidential advices received in
high financial cifcles).
Dependency has given place to
hope, though not yet to confidence,
among the counfrys financial lead
ers and men OF large affairs. Until
Washington has declared itself more
definitely, all hesitancy will not be
thrown off.
The more optimistic. reason thus:
President Wilson is now keenly
alive to the necessity for extending
relief to the railroads. for modifying
the impossible business bills and
for encouraging a revival o. trade ac-
tiVity IL the Congressional elections
are to result favorably to his Admin
istration.
Congress viii be governed largely
BY the Presidents wishes In shaping
It's anti" legislation
The Interstate Commerce Commits
sion will render a helpful rate decls-
ion in Mayor at the latest early in
June.
a Federal Reserve Board COM
mandiug general confidence Will be
named.
The crop conditions have been made
ideal by the heavy blanket OF snow
ali 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, and other
trustworthy securities
And the march toward prosperity
will begin In earnest.
Ny opinion is that. II Washington
acts cireumspectly this program
stands good chance OF being car
ried out And ] rather think WASH
ington viii 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
IN reduced during the last two years
Of turmoil here, and Tepurchases on a.
large scale can be counted upon a.
soon as responsible advisers here feel
justified IN recommending such ac-
ton. Already considerable quanti-
ties OF hlgh-g grade bonds and notes
have been quietly placed abroad.
Europeans attach tremendous impor-
lance TO the impending establishment
Of our new currency system.
The enriching Of the country's 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
a crop failure. The bounteous har-
vests now presaged should contribute
to lowering the cost OF living and thus
tend to allay discomfort among the
ninety-and- nine whose main concern
is to make ends meet with a little TO
spare.
The new tariff should also ease
somewhat the workingmans burden
and enable the weekly wage TO stretch
q little farther
or course. all thls-~or nearly all
could be suddenly and disastrously
spoiled by unwise action by Washing
ton and governmental bodies.
But those who have faith In Wash
ington can now have faith in sound
Investments and In business-and act
accordingly.
Doubters. on the other hand. viii
easily find reasons for refusing to do
anything just yet
In the United states the optlmist
usually wins.