Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-23
the situation. is very

standpoint, the situation. is very
comfortable.
"The merchants in the country
have large stocks of goods which
they hope and expect to sell during
the next ninety days. which, is the
out the United States to have their
biggest sales, and if they do, and
there is every reason to believe
they will, they will be in the mar
ket for goods next spring, as they
have not contracted for future de-
past, and when they go into the
market for goods they will find that
the manufacturers have not made
the goods, for the reason that money
has been very high, and hard to
get even at the high rates, and it
their part to buy the raw material
and make the goods with the hope
OF getting a profit. The merchant
will, therefore, have to wait Tor his
requirements: The manufacturers
will be in the market for raw ma
terial, thereby making a big demand
for all kinds of commodities, and
believe that we will see much
higher prices during the early spring
and summer months than we are
having at this time.
'"The truth of the matter is L
do not think we have an over-pro-
duction of anything, but the panic
in cotton and sugar has depressed
all commodity prices, and as soon
as the cloud passes over, I am an
ticipating a very prosperous period
for this section. The only remedy
1 see at this time is for every man
in the banking business to be as
liberal as good business judgment
will allow in making loans to those
who actually need the money in
the conduct of their business.
further believe that if the federal
reserve bank would reduce it's rate
from per cent to 5 or per cent
that it would stimulate matters and
encourage people to go out and Go
something rather than to NOPE and
grieve over recent losses caused by
the decline in commodities.
Savannah Merchants Views
Leopold Adler, Adler's department
store. Savannah: 81 am strong be-
lever in and advocate of the SOUTH
| continued prosperity andA feel that
conditions will be of short duration
and that we will, before the end of
the year, see change from uncer-
tainty to certainty. The present
downward trend of prices in all
commodities, together with the fact
| ludI 1dDOI 10 INV SlNlH d LulA
days work for full days pay,
are evidences that conditions are
adjusting themselves, and l enter
| tain the most optimistic views for
the future prosperity of Georgia
and the south"
j. x. Orr, president J. K. Orr
Shoe company, Atlanta: 1.-THE coun-
| try generally is in a transitory pc
riodS We were getting along very
well until we had a pain. The doc
| tor gave us a mustard plaster when
we wanted poultice, and 1t made
us sweat We have been climbing
a hill and now We are going down.
| 1t was Nleasant up to the point
where we reached the peak When
we get to the toD we had to go
first few steps Jared us. because
we stepped down too quickly. l
| think the best prescription for the
situation is the Golden Rule. Let
! the farmer do to the fellow at his
end of the line what he would have
this fellow do to him. He should
pay the man who lent him money
| to lake his crop. That man has got
some rights as we'll as the farmer;
| If he can't pay all let him pay hall
now and pay the rest as soon as
| he can. Let the country merchant
| do the same. That will enable every
body to get by. That is the most
| reasonable solution.