The Cairo bulletin., 1905-01-07
SYSTEM DORROWS
MANY MILLIONS
Thomas w. LAWSON Says 1t is
Borrowing 100000 ,OGO
TO CARRY SECURITIES
UNTIL THEY CAN UNLOAD THE
ENORMOUS AMOUNT or
STOCKS THEY HAVE
BEEN FORCED TO
BUY.


The following kilograms. la ed a
Boston and signed Thomas w Law
son, were received yesterday by thu
Tines, says the New York Times O
| Wednesday:
Boston, Jan 3.
SIN in the clouds. the Northern
Pacific decision Is out, and it is d
great Importance TO the American
people. Ths original controversy was
IAN the oihcr fellow hang he Anne:
can people UP by the heels? The
United States court decided No.
Hartman and Hill then went before
the circuit court and asked for a
lee'sion as to whether Hill could pull
himself into the air by his own boot
straps, or whether Hartman mus
Jull himself into the air by his own
boot straps, or whether either or
GOTH should navigate the ether by
pulling upon their combined boot
straps Tie decision Of this morning.
that either one, or both may e.e
vate himself including the other fel
low, by continuing TO tug upon his
own feathers The decision viii be
appealed. In the meantime. the Amer
can people are busy tucking their
own straps out OF sigh.
Boston. Jan 3.
"In writing my advertisement last
night said; THE situation today in
he Urited States is th-n
gave s-t Of figlres which | have
had compiled showing the condition
Of the National and Savings blnEs
and trust companies. setting forth a
state Of affairs showing that if tle
people who own the deposits want
them quickly, there will not be 10
cents on the. dollar to pay them with
ana that the Institutions who are to
sponsible to the people for them il
they attempt to get them. Will br.ng
chaos in the stock markes where
billions Of stocks and bonds must be
unloaded in order to have returned TO
the people what they have right TO
demand.
al the earnest-very earneet--so
ilcitation Of conservative, we.lmean.
ing men, at the last moment con
sented 20 get this to the people more
gradually therefore spliced the
opening and closing sentences ct f n > y
matter NTH II read: Tho siuaiiou
today in the United States Is. That
The people are getting very nervous
4 learn from one Of the financial
experts whose business 1t Is 70 know
such things the system IL borrow
ing $9000oo,oOO with which to carry
the undigested securities they have
been hung up with for the past two
years, and the enormous qualities Of
stocks they have been compelled to
buy during the past thirty days, and
which they have planned to sell to
the people. They won't be able tc
sell them. The banking autharit.es
Of the people win demand an account
Ing with the institutions-and in |
such a way that the people can for /
the first time really know where then /
savings are, and how they are being
used.
Then well, Wall street know
what happens to small men and firms
IN such events. What happens TO
small men and firms Is going to hap-t
pen to big men--blg firms and the
system must return to their owners
hat which they have borrowed OF fail
yes, fail land take the consequent
IS, civilly or criminally. ! know It
sounds ridiculous, but the world
Snows that once there was n Jay
1ooke & Co. bigger than The Amor
AN people. Once there was a Bar
ne Brothers older and bigger than
he English people, But they Went
he way of the wafer when the match
vas applied, and when the people
aid; Stand up and account :"