Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-02-15

You probably do not know
ing, boarded in this country.
There are millions upon millions
available for investment and for
business expansion, but until the
Government shake-up of the ma
tons industrial system is over
this money will not be released.
Restore confidence, and we could at
once offer employment to our lamen-
table idle army, we could at once at
tract capital for investment and we
could at once advance toward pros
perity.
But Washington is still a source of
disturbance.
If all the laws now proposed were
passed, financial, industrial and con-
sequently labor chaos would result.
Trusts and other bis corporations
would not be the only interests Vio-
lently affected. Every company, every
labor union, every bank, every news
paper. every concern managed by d.
rectors would suffer.
The So called five brothers" bis
contain provisions that would over
throw the existing order and produce
unthinkable confusion.
The motto of latter day legislators
appears to be: Lets prohibit every
thing in our first drafts of bills and
then learn from those affected just
how much we must permit
A sure cure for toothche, an old
saying runs, is to have your head
cut, off. Some politicians holding
sway at Washington seem to favor
that method
The craftsmanship" exhibited of
late by aspiring lawmakers would not
do credit to Hottentots. Instead of
doing their duty by bringing forward
only the most carefully considered,
ably drawn measures, they rush for
ward with bills of impossibilities and
contradictions, absolutely unwork-
able and sometimes glaringly I'M
constitutional
Voters are entitled to better work.
manship from their lawmakers. We're
doctors to write prescriptions as in
efficiently as our politicians write
laws, what havoc would be wrought!
Some of the prescriptions for bust
ness ills written by ambitious States
men," would, if filled and adopted,
prove not less fatal.
The people would do well to be-
stir themselves and demand better
things from their highly placed po-
Itical servants.
Until fewer strong men are walk
ing the streets by day and swallowing
their self-respect by seeking the
shelter of charity at night, Washing
ton should discourage the unsettling
activities of busybodies and give
business a chance to find its bear
ings.
Idle money is superabundant in
America, in England and in Ger
many, while France is persistently
drawing gold from New York to
build up its already enormous re-
serve supply.
Abroad offerings of high grade Sc
curities are being absorbed and pros
poets here are Frightening, notwith
standing that the stock market has
receded this month.
Southern Pacific $55,0O0,00O new 5
per cent convertible bonds were quot
ed at a substantial premium before
issued, and the demand for allot-
ments was naturally overwhelming.
Other flotations will come along.
The success of a gilt-edged converti-
BILE railroad bond sale does not nee
essarily mean that investors are ready
10 snap up anything tnat may De udh-
gled in front of them.
There is still enough uncertainty to
cause them to look well to the Sc
ourity behind new issues. Few peo-
pie are anxious to take chances until
the legislative clouds have left.
Business men are doing their best to
stimulate activity and thus reduce the
number Of unemployed. Sut they Co
think Washington should let up, at
least for the present, in its output OF
anti" measures.
The Administration will be on trial,
as well as the corporations, during
the next few months. Unless COM
mon sense be exercised in business
batting, the outcome may not be
pleasant.
Let US hope that the more perni-
cious parts of the multiplicity of
anti bills will be speedily elimi-
mated under pressure of an enlight-
ened public opinion, and the way
clearud for a vigorous forward march.
We have the brains, we have the
labor, we have the money, we have
the inclination.
All we lack is confidence Wheth-
err we shall get it or be denied it is for
washington to say--not by word, but
nv deeds.