New-York tribune., 1895-07-29
(inanrial.


.t,,d hoe, q member OF the committee Of the New
York Stock Exchange" said Francis d. carey fIes'
dent OF The Monetary Trust. Il would nave aceu aS
they did and had known their rules there wouia "a'
been no action required but remarkable agitatioh
The Monetary Trust is different matter anu e'''''
from different large amount OF money mas
recently by the clients Of The Monetary ifus'
more especially by in Burlington. CONSIDER
able Of which has been held the customers OF that
corporation. That was lost in consderape degree
b. the professional operators OF the NewforS ooeA EN-
change These do admire The Monetary
Trust and do not approve the policy by which the
hubble has been guided to their defeat. As the New-York
World said cditorally Sunday. there was more pro"
u the brokers in lot Of separated lambs each sp'u
ins in a hap-hazard way. than in their uniting IN Inc
Monetary Besides the advertisements OF the trust
he'd rlnkncss Of expression that must nave oeen very
dstastefu to many brokers.
Another Of hostility to this corporation mas oeen
the remarkable growth Of Its business As the hna"ca'
editor 4 the Recorder The success mas atac'eo
considerable attention and much business The Pnha-
dclphia Stockhoder says The success OF the oushehs
and predictions regard 10 the market nave oeen
something wonderful and the New-York world says o'
the corporation ut seemed be gathering up lucra-
tive trade from those who preferred to do trading IN
Wall Street upon logical Instead Of the usual
hints tins nnuendoes and rumors." But there also
many critics who speak only because great
financial change is impending which should De hVesu-
gated acceptance The Monetary Trust an nno-
yaon n distinct departure in finance and II Is
meeting and ought forcible and critical exam
nation but the fact s the II Is studied into the
more It's influence grows. Now. challenge all these
critics Interested dsnterested. to point out any
thing In the charter methods OF The Monetary irust
which the confidence OF the Investing
public. far officers concerned. challenge
all men to show blemsh their records. unless 1t be
a blemish that the presiden; did leave fortune IN
the mountains Of Kentucky by the construction OF
railroad but 1t has yet appeared that he left his
energies character experience in those mountains
,bods ~ concerned
let be clearly understood The Monetary Trust Is
legally corporation was before Our
companies buy. and do buy securities for
their Not 50. The Monetary Trust They
can. and do. business for their own account
Not So The Monetary Trust They can bring out new
securities and influence the public 10 buy them The
Monetary Trust cannot Even trustee II must
transactions established Securities II Is
verltabie trust pure and simple and IL would De noth-
less than crime for It's officers to involve II In any
speculative procedure syndicate. pool Joint account
market manipulation other Of the evil devices by
means Of which imitation commission merchants deraud
those them with iher money. A man who ham
dies the money Of another n trust and performs con-
ceae in reference thereto should he by tnat
one fact disaced corporation has not. and cannot
nave any source unless from possible diner
Interest," the direct compensation from It's
clients Its officers financial affairs are In position
exactly similar which a firm Of lawyers or arch-
occupies It's special department OF business
Their mission those who undertake to make more
simple and hey do not hesitate TO act Tor
them upon thc- Judgment when requested, at times
when market forces and intrinsic conditions seem TO be
working together given direction They purchase
those securities which, in their opinion. most nearly
combine a minimum q risk with promise of improve
ment Large profits be separated from In
creased risk they beee that their experience In
ves,gaton judgmen, and foresight combined with IN"
i.,pardzed capital Of the customers will prove SUI
nclent keep the balance argely in their favor