The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-09-07
For the Good of
the Community

6TUST as soon as peace is declared billions of
- dollars of American money will be ready
for investment in American industry, remarked
amember of the legislature who comes from the
mineral district.
until peace is declared that money will re-
main in Wall street and other money centers, he
continued, Alabama is one of the most attrac-
tive states in the union for investments. have
talked with eastern capitalists recently who are
looking towards Alabama. They and their asso-
ciates will have tens of millions of dollars for IN
vestment just as soon as they feel reasonably
certain that business conditions are on the sure
road to normal"
The speaker is not a capitalist Hei by train
ing and association and habits of life on the other
side. He is not hater of capital nor blind fol-
lower of all the theories and vagaries of agita-
tors, whether they be employers Of labor or en-
ployes.
IT am anxious to see peace declared" he said,
because of the confidence it will bring to fl
nanciers. Ihave talked with many of these since
the armistice was signed and they asked many
questions about Alabama and the mineral dis
trict They want to know what the legislature
is going to do; whether it is going to pass radical
laws affecting capital or labor or both; whether
it is going to open the door to foreign money for
industrial investment or close it by stringent
laws that will make such investments unprofit-
able, if not hazardous"
He was discussing the general revenue bill at
the time, but directed his remarks to other sub
jects of legislation as we'll He urgently insisted
that laws fair and just to capital should be
passed; laws that would give it a square DEAL
but not laws that would enable it to exploit
either labor or the citizens of the state.
In this connection official of one of the big corporations
stated few days that his company had tentative plans for
the extension OF their plant by the investment Of
dollars within the three years. dependent upon laws
passed by the present legislature.
believe can safely say he stated hat we are not ham
pered by unfrendy legislation my company between
sl20ooooo and sl5oooooo in Alabama within next five
years"
He talking publication at the time and plans that
ne and other officials of the company outlined to the writer
within the last few months than bear prediction
The members Of the Alabama legislature sensible men, men
inspired with patriotism and love would mpe them
to forego restrictive legislation that would the state in
dstral Investments Some of them have msed by urid
tales of wealth from the states Tho
expense the citizens false stories of ocomes fat
while picking the state dry of its wealth Their
and ignorance nave been played but they
when made to see the light they will do the right thing
chance for the people Birmingham do good mis-
sionary work They should make their business preach
mingham and the Birmingham district the people of Alabama
They should not only invite Aabamans to Birmingham
but they should take the word to them their homes
The way friends to make friends To make friends
personal contact is essential However, much the people may
read Of Birmingham hear about Birmingham they will never
know Birmingham she her people until they know
Birmingham and Birmingham people.
The agriculture and marketing committee adjunct Of the
Chamber OF Commerce. has been doing good work along
and their associates have made thousands for Bmine
ham by their active Improvement and marketing propaganda