Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1907-10-31
EDITORIAL NOTES.

EDITORIAL NOTES.
The deer season runs a close second to
the Fourth of July in its record of fatal
and serious accidents. This immediate sec
section furnished two victims last week,
yet zest in the sport showed no slackning,
in consequence. However, the lesson was
not wholly lost on other hunters. Deer
hunting. with the woods full of excited
hunters, is dangerous pastime. We
prefer to get our venison at the market.
One piece of needless trouble and an
noyance inflicted on Vermont railroads
by recent legislation, Is that part OF the
statutes requiring tariffs to be posted in
the various stations on the lines of the
state railroads. No one but an expert can
understand them. They are not kept up to
date in most stations and apparently
serve no useful public end. Why not re-
peal the clause that prescribes their post
lng?-MontPelier Journal.
1t is true that the provision referred to,
as at present observed, serves no real pub
lie purpose. The intent of the law was
to require railroad companies to keep
posted within their depots a simple and
easily understood schedule showing the
rates of passenger fare and freight charges
between stations on their lines, in order
that patrons might be accommodated
with this knowledge; also similar
schedule covering express and Pullman
car rates. But the railroads have practi-
cally nullified the law by merely hanging
up ponderous volume that nobody can
understand without an interpreter, while
the express and Pullman people pay no
attention whatever to the provision.
Possibly the railroad commission will yet
take the matter in hand and make the
companies observe the law in a way to
serve the public, instead of acting petu-
liant and seeking to discredlt it.
The failure of several trust companies
in New York city last week, and the dis
turbance resulting there and in other
business centers of the country causes
some apprehension, naturally, lest the
country may be entering upon the depres-
sion that has been so freely predicted as
near at hand. While there is a POSSIBLE
ity of this, it does not seem to be within
the range OF probability. The tempest Of
last week is clearly traced TO certain
causes that have little or nothing to do
with the legitimate markets. 1t is true
that for several months stocks OF all
kinds have been settling, and there is not
the buoyancy in tone of year or so ago.
But this is generally believed to be the re-
fleX from too strenuous market and in
tigted, perhaps manipulated, stocks. I'm
der these adverse conditions, men con-
nected with these luckless trust COM
panies, or some of them, specrlated heavi-
ly with the banks funds on the wrong
side of the market, resulting in losses to
the banks. This alarmed depositors, who
went after their money at once, and the
banks had to suspend, or by obtaining
it from other banks, to tide over until
they weathered the storm. At such times
sight, and even the best securities cannot
always quickly command it. In this pc
riod of stress, Secretary CortelyOu has de-
posted with national banks large sums of
government money that is available to
banks in need of it, but only when they
are able to give approved security. J. P.
Morgan has been the chief reliance of
those who joined hands to save. the
banks, and by his fertile mind and wide
resources: has accomplished what no
other single man could. 1t has not been
the purpose to shield rascality in bank
ing, but to save the innocent who might
suffer loss and ruin. Aside from this
furry, the general prosperity of the coun-
try shows no real signs of abating. The
agricultural, mining and manufacturing
industries are 'njoying unusual returns,
and wealth is flowing to the producing
classes more than ever before. There is
no slackening in transportation traffic,
while commerce must necessarily flourish
in consequence of the widespread distri-
button of capital. The present moment
is splendid opportunity for the investor
to go into the market and buy legitimate
stocks.
/ Stomach troubles, Heart and Kidney