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.
~ =. c. FORBES,

The prospects a. the moment are
that work viii shortly be more plen-
tiful, that food will become somewhat
cheaper and that investments win im-
nrove 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,
n0n-polltical Federal Reserve Board.
9Secretary MeAdoo, incidentally. has
been declared persona grata by the
become Ambassador MeAdoa, accord
ing to confidential advices received in
high financial ciFclesl.
Dependency has given place to
hope, though not yet to confidence,
among the countFy's financial lead
ers and men OF large AFFAIRS. Until
Washington has declared itself more
definitely, all hesitaHcy will not be
thFawn Off.
The more optimiatle reason thus:
President Wilson Is now keeniy
alive to the necessity for extending
relief to the railroads, FOR modifying
the impossible anti business bills and
for encouraging a revival % trade ac-
tivity IL the Congressional elections
are 70 result favorably to his Admin
istFation
Congress viii be governed largely
by the Presidents wishes In shaping
its ANTI legislation
The Interstate Commerce Commlss
ell snttl1 q ha1nN.I "a
ion In Mayor lat the latest early In
June,
A Federal Reserve Board COM
msnding general confidence win be
The crop conditions have been made
ideal by the heavy blanket Of sHew
all over the country.
Important developments long haid
In check by uncertainty will be UNDER
taken.
Tlhid investors, following the ex-
ample to be set by leading interests,
will come forward and make extern
slve purchases Of bonds and other
trustworthy securities
And the march toward prosperity
will begin in earnest
My opinion is that II Washington
acta circumspectly, this program
stands a good chance OF being car
rled out And rather think Wash
ington will not fail TO rise to the oc-
easion.
There 10 plenty Of money in this
country available foE investment the
moment confidence can be restored.
Moreover, European holdings OF
American securities have been great
III reduced during the last two years
az turmoil here, and repurchases on a
large scale can be counted upon a.
soon as responsible advisers here feel
justified in recommending such az
ton. Already considerable auantir
ties OF high grade bands and notes
have been quietly placed abroad,
Europeans attach tremendous lmnor-
taRee 10 the lmnending establishment
af our new currency system.
The enriehlng OF the eauntry's soil
and the promise Of ideal agricultural
conditions are Of fundamental mos
meRt, for, after all, na amount nf in
dustrlal activity can eamnensate for
crop failure. The hounteous hai'-
vests now presaged should contribute
TO lowering the cost Of living and thus
tend to allay discomfort among the
ninety and mine whose main concern
Is to make ends meet with q little to
spare.
The new tariff should also ease
Somewhat the workingmaRs burden
and enable the weekly wage TO stretch
= little farther
OF course, all this--or nearly ALL
could be suddenly ana disastrously
spoiled by unwise action by Washing
ton and governmental bodies.
But these who have faith in wash
ington can now have faith In sound
Investments and IN husiness-ana act
accordingly
Doubters, on the other hand, will
easily find reasons for refusing to do
anything just yet.
In the United States the optimist
usually wins.