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.
~ 3. c. 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 strong,
non political Federal Reserve Board.
fSecretary 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 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 anti business bills and
AOI EICOuIdklHE a IENiFdA VI httuG dt~
tivity II the Congressional elections
are to result favorahly 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 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
VIII begin in earnest
Ny opinion is that II Washington
acts crcumspectly, this program
stands a good chance OF being car
ried out. And | rather. think Wash
ington will not fail 10 rise to the oc-
caslOn.
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 ac-
ton. Already considerable auanti-
ties OF high-grade bonds and notes
have been quietly placed abroad.
Europeans attach tremendous imp0r-
lance 10 the impending establishment
Of our new currency system
The enriehlng 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 workingman's burden
and enable the weekly wage to stretch
. little fartherA
OF course, all this or nearly ALL