The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1907-08-13

port, your editorials, your pIemcuons
and forebodings to prove to myself the
truth of my words. l have another
way of knowing absolutely-a way
which has never failed me in the long
years of my business career That is
the way l am judging the financial sit
uation-from the attitude of the finan-
cial world toward myself. Let me IL
lustrate
"There was time not long ago, be-
fore the present runaway, hit or miss,
impulsive agitation began, that would
be called up on the telephone, say by
Kuhn, Loeb & Co., say by Mr.. Nor
gan's Office, and in terms asked If l
wanted to come In syndicate, and a
certain allotment of shares would be
given to me, but was also told that
I would have to make immediate an
swer. If my reply was that needed
several days for consideration the tele-
phone receiver would be hung up in
all likelihood. When l called several
days later and said l would go in the
syndicate would be CURLY informed
that l had lost my opportunity-that
the syndicate had been completed.
Is Offered Per Cent For Loan.
"What is the situation now? / am
called and asked to participate in
many syndicates, but in none of them
is the time for decision fixed on the in
slant l know they are content to
await my decision, and know there is
no danger that will be too late
81 can judge in another way. Re-
quests are coming to me today for
money from quarters it was least ex-
pected would be asking for money
some time ago. Today was offered
the unprecedented interest of per
cent for $1,000,000 or 100000 or 49,
100000. The security was beyond all
criticism. That would be impossible
in this country IL there was conf
dence enough to unlock the money
vault of the country.
Railroads Unable to Borrow.
81 know that the railroads of the
United States today are unable to Dor
row money for any length of time.
Formerly they could obtain it for
eight or ten years in great amounts
They are very well satisfied to take
anything they can get now for short
term. Recently was offered car trusts,
one of the safest possible investments,
at the rate of 81 to per cent, and
they We're very glad to give that rate,
although there is a margin on the safe
ty side OF these loans.
81 judge of the conditions of the
country by these things / have told
you and by others which come directly
ander my notice or under the notice OF
my personal representatives, my sor
and others.
ut is really of no great moment tt
me. l am through with business. Loss
or gain no longer affects me. an
content as l am today. am in better
health than l have been for many
years. am happier than l have beer
for twelve years or more
His Children We'll Cared For.
'Why are men making these offer:
to me now? 1t is because of lack Of
confidence-not lack of confidence il
the resources of the country, not be
cause there is any danger of foreign
entanglements, not because of crol
failures nor of the monetary policy
nor Of any social condition, but a lacl
of confidence in this administration.
II have no more need for money
Why should worry7 My children arr
well cared for. l am through witt
business, but yet they say | am mon
| ey mad.
Il have been surprised at the attS
tude of our administration in its re