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

MS 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. | think, of going
to injurious lengths in hastily rush
ing through anti" legislation.
II Americas business were not con
Quoted with more skill and brains
that characterize it's 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-
tice. And the public-the consumers
pay for it all
Take the proposed legislation to
prohibit intorlocling directorates II
NO man could he allowed to sit on
more THAN one board where are the
million odd directors necessary for
the Country's thousands Of corpora
tions 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 one not even the guilty ones
DENY And that a remedy must be
found is also admitted. But to jam
through crude. iGlotic bills. drawn up
hN 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 10 forbid a man from having a
voice In more than one concern, no
matter how remote he might be from
tho 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
ly IA Stacking enterprise. II is so
much easier To tear dewn than to
build UP.
With SO many thousands of unem-
ployed. and so much distress among
families Throughout. the land this is
no time 10 trot out half-baked, revo-
lutionary. impossible laws aimed at
commerce.
To my mind. the public interest will
be best served at this iuncture by
letting the politicians know that com
mon sense. ana 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
playing more cheerfulness.
At home money Is accommodating in
New York and other centers, the de-
mand for superior investments is
broadening. new offerings are not
coming forward in overwhelming
quantities, and good stocks are re-
earded as cheap
The more powerful financial groups
will probably try to maintain a strong
stock market, at least temporarily
10 facilitate the fotation of new is
sues II this course is followed, the
public may he attracted in numbers
as there undoubtedly Is an enormous
sum available for investment
Financial powers that be, however
do not count upon any runaway bond
or stock market They are still in
Ward'y uneasy over the dolngs and
antics OF Washington They can not
iyrore Mexico.
Taey are not sure the Interstate
Commerce Commission viii expedite
ne freight rate dec sion
C,aflin May Be Named.
TIE Federal Reserve Board has still
Pr he named. (John Claim, the dry
eOo's king IS tho very latest nominee
~ Dame RumorJ
\u' looking farther ahead. gold
reports On am unparalleled scale are
Ted once the new currency Sys-
i'Iu Is introduced. one of our brain
lest international bankers tells me his
tuiopean friends are chuckling over
n 'o' prospect of heins able TO cali upon
'h' lnted Sates FOR gold whenever
occasion demands
stock brokers' as a rule. look for
'''ah'. u- quotations. but those HI gh-
o ~ are not enthusiastic. They at