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.
sv 3. c. FORBES.

The prospects at the moment arc
that work will shortly be more plen-
tiful, that food win become somewhat
cheaper and that investments win i'm
prove in market value.
These expectations are based on
the assumption that the Interstate
Commerce Commission win sanction
an increase in railroad rates and that
President Wilson will select a strong,
nom political Federal Reserve Board.
tSecretary McAdoo, 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 hesltancy will not be
thrown off.
The more optimistic reason thus:
President Wilson is now keenly
alive TO the necessity for extending
the impossible anti business bills and
for encouraging revival o. trade ac-
fivity IL the Congressional elections
are to result favorabiy to his Admin
istration.
Congress will be governed largely
by the Presidents wishes in shaping
its ant" legislation.
The Interstate Commerce Commits
sion will render a helpful rate decis-
ion IN Mayor at the latest early In
June
A Federal Reserve Board com
manding general confidence will 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-
ample to be set by leading interests,
will come forward and make extern
sive purchases of bonds and other
trustworthy securities
And the march toward prosperity
will begin in earnest
My opinion is that, If Washington
acts crcumspectly. this program
stands a good chance Of being car
ried out And / rather think Wash
ington win 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 a
large scale can be counted upon as
soon as responsible advisers here feel
Justified In recommending such &C.
ton. Already considerable quantl-
ties of high grade bonds and notes
have been quietly placed abroad.
Europeans attach tremendous impor-
tance 10 the impending establishment
Of our new currency system.
The enriehing 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
crop failure. The bounteous har-
vests now presaged should contribute
to lowering the cost Of living and thus
tend 10 allay diseOHtent among tne
ninety nd-nine whose main concern
is to make ends meet with a little to
spare.
The new tariff should also ease
somewhat the worlSingman's burden
and enable the weekly wage to stretch
q little farther
OF course all this--br 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. win
easily find reasons for refusing to do
anything just yet
In the United States the optimist
usually wins