Waterbury evening Democrat., 1907-10-29
GOOD WILL COME 0F II
Hartman Says Recent Money
 Crisis Is a Bitter Lesson.
DECLARES WORST IS OVER.

Asserts Belief That Standard Securi ties Are Safe and Will Increase lr VaIue-Vast Sums Will Come Into Circulation Nov. 1.
 New York, Oct. 29.-The American published an interview on the finan cial situation with E. H. Hartman, 1T which the railroad magnate is quoted as saying:
 "We have passed through a trying time. We have seen the stucco front of character flake away and disappear We have seen false structures crum- and the lesson is that the sturdy meth ods of the forefathers are the best; the pursuit of 'iSmS' chimerical. It is a bitter lesson, and my heart goes out
 to those who have suffered, but good will come of it all.''
 MT. Hartman, seated in the little cubby hole he calls an office in one corner of the maze of rooms utilized by
 the Union Pacific and allied lines in
 the Equitable building, spoke of the
 crisis which Wall street has just pass
 ed through. Slender, alert, magnetic,
 the master of more railroad lines than
 any other man in the world peered at
 the reporter through the great lenses
 of the immense globular glasses that
 shield his snapping eyes.
 He was in a muSing almost philo- sophie mood.
 The Worst Is Over.
 said Mir Hartman, ''and in what say I do not wish to dwell on any personalities. Rather in a broader sense I wish to refer to the lesson that has been taught
 "The worst is over I have just been talking with the president of the United Metals Selling company-he is in the next room now. He tells me that he-or rather his cOmpany-will receive within the next month over $1O,OOO000, money secured by the sale of copper abroad. That is going into circulation and will help.
 The copper market here is dead temporarily. It is good thing, how ever. We have seen too much wild cat speculation in the past. Wherever copper was--or was expected to be mines have been started and capital 1 ized and securities sold. Now we will get down to the real basis of produc- | ing properties where copper can be taken out at profit. In the past, hope has been capitalized. Now we will have a return to sanity, and none but proved worth will be tolerated.
 A Prophecy Realized.
 "Then again there are the disburse- ments of Nov. to be considered. The Pennsylvania for instance, has to meet notes on that date. I think the sum is $150O0,000 It was originally $40.000,- GOO. but some of it has been adjusted. Against this disbursement the compa- ny has been accommodating money. That money will all go into circulation. Then there are the interest and divi- dend payments. They will run into millions of dollars, and all that money will be returned to the normal chan nels of trade. and all will benefit.
 Il am,'' said AIr. Hartman, "a patri- otic believer in the future of this coun- try. but at the same time I am keenly aware of our follies. You may recall that in talking at the Metropolitan club some months ago l said we had been going too fast. and that day of re- trenchment must come. It has come, and in its wake has come wreckage and disaster but it had to come.
 A Rap at Society.
 "I think that the people will see that what is true of finance is true of poll tics and society. They have too long followed the banner of any self ap- pointed Moses that has come along to show them out of the wilderness. They have had the get rich quick bacillus. and this has led to all kinds of chimer- ical and fraudulent schemes. They have found the same kind of leaders HI HUH " llt Nlt ltsii interest of the public at heart. but charlatan leaders who for self aggran- dizement have been undermining busi- ness conditions. We have had monkey dinners and the idle and foolish vapOr- ings and routs of society Indeed. it is a time for less champagne and truflies and more roast beef and milk
 "In this terrible time We have seen the old line banks and financial insti- tutions stand up sturdy as rocks while the insecure and speculative have melt cd away. We have gone down with ! copper and seen it reach the bottom. Ii is now the era Of reconstruction. and We must rebuiId On solid ground. i The good old methods of the forefa- l therS were the hest. We are tired of ! the 'isms' and the painted things ag life. We want the substantial and the real. and out of it all is going to come 1. good That's the reason that advise ! every one who Is in a position to do sa I 10 avail himself tosiay of the "Pportuni- . ties offered StUrks. bonds and Secrri- ! ties are seIIing far below their actual :. vaIue. I don't think that any one should speculate. hut the man whc . will buy standard securities today and !. put them away will benefit incaIcuIa- . Ily.~
 Celebrate Penn's Lzndinu.
 Chester. Ia. 0ef- 2a-Tfr- .wo han drel an1 twenty fifth anniversary q !.