Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-02-01

a
do everything at once? Why no
on a strong, prosperous, stable
foundationY
Methinks we have been exalt-
ing the politician overmuch, and
undertaking the value to the
country of the energetic, pro
gressive business man.
The first material need is work
Without work most OF us can not
obtain the necessities Of life
In the Balance.
Evil practices. monopolistic devices
undue financial oower-all these are
in line for correction. But why in
fiict upon the patient--business-
many major operations all at once
when his vitality needs strengthen
ing, not further weakening? Let's
weigh men and their worth to the
country dispassionately. Let's con-
slider how much the average employer
contributes to keeping things going
prosperously. And then place the
services of the average politician in
the scales-although OF course, the
assumption must not be made that
even a majority of politicians are Of
the stamp that many Of the Empire
States are proving to be.
The great banks of Europe have
lowered their discount rates to the
lowest level in years
And in America funds are piling up
high in New York, Chicago and other
banking centers.
The sudden transformation in
monetary condition abroad reflects
to some extent the slackening in
trade, but it is partly due also to tbs
disappearance of all fear of grave in
troubles. Hoarded money
is coming out.
Whereas loans were fiat failures
one after another few weeks ago,
they are now being eagerly over
subscribed. Prussian Government
issue was bid for many times over
Europe in Wall Street.
i One result important for America
Is that European investors who sold
back scores OF millions of our seCuri-
ties last year are now rebuying on
a larger scale than is generally
known
Important in ternational bankers
here have filled many large orders
during the last week, and they eX-
pect the movement to continue.
This. together with cheap money
can not fail 10 improve matters here.
We can look for many new offer
ings of bonds and, later, stocks. The
absorption should be moderately sat
isfactory.
Already the New York Stock Elk
changes speculative kettle has boil
ed" on several occasions. The bears
have had hot. uncomfortable time.
Prices have shot up all through the
active list. And optimism is out
running quotations.
Ny humble view is that the market
will be called upon to absorb so many
new obligations that the upward
movement win be held in check and
that there are apt To be. first. mer-
camille, and later political develop
ments calculated to cause recesSions
as well as advances. 1t win still be
prudent for Investors to buy the best
grades of investments For specula-
tive purposes, Hollands lead I'm buy
ing very w-priced railroad stocks
NAV prove wise.
Much hangs upon the Intersta te
Commerce Commission action in the
Eastern freight rate case The Com
missions language in the industrial
side lines case is not particularly
inspiring. nor IS its attitude in It's
ST. Louis and San Francisco inves-
tigation calculated to strengthen con-
fidence in it's ability to WELD with
copsummate success the tremendous
iy important new powers II seeks IN
the way OF bringing the nations rail-
roads more abjectly under its thumb.
Too Much Reverence.
! have noticed that in this country
there is a disposition among the peo-
pie to regard a man as suddenly en-
dowed with almost superhuman wis
dom the moment he is taken from tho
civilian ranks and placed In a high
governmental position.
John Smith may have been always
regarded as a mediocre fellow by his
neighbors and business associates
but the instant he is given Govern
ment job, carrying with II enormous
power, he becomes sort Of deified, his
slightest word is accepted as oracu'ai
wisdom and no citizen must question
the efficicacy OF any Of his acts.