The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-09-20
ER0N OTHER PENS


WALL sTREEtf CoNyALEscENT
1t is pleasant to note that Wall street
has decided not to die of the panic
but to recover from its recent terrible
Illness and lead a life of activity, If not
of usefulness. For several weeks Wall
Street has been a pretty sick patient
but in the very beginning expert praez
utioners diagnosed its illness as more of
the ina giration than of the body The
victim simply persuaded itself that it
was suffering from an aggravated case
efimpepding panic, and this rendered it
be real, So long as the apparition was
there what difference did it make
whether It was real or imaginary?
A few days ago Mr.. Hartman, who
has contributed his share toward I'M
settling conditions by predicting disas-
ter because the administration is trying
to stop some of his peculiar financial
practices, returned from a trip through
the west where he found to his aston
ishment that the entire region was
to Mr.. Hartman who had become so
saturated with the pale gray gloom Of
Wall Street that he thought the whole
country must be in desperate straits.
But since his visit to the west he sees a
ray of hope Paul Merton, president of
the Equitable Assurance society, and J..
P. Morgan have also expressed their be-
lief that there is no probability of a
pdIlc Ut OF depression IN NalueS. A IL.
Stickaey, president of the Chicago Great
Western railroad, returned from Europe
the other day and told the reporters
that he is not at all worried because
Wall Street has had to sell few of its
automobiles He says that foreigners
have not lost their faith in American in
Yestments, but regard the financial
furry as simply a Yankee antic to puG
stocks up and knock them down again.
Colorado Springs Gazette.
o.
TRUSTS AND PRICES.
The collapse in the market for copper
metal is emphasized by the fall in the
general price index for September.
in metals. The chief exeep-
ton is In farm products, a new high
price for cotton cloth having been an
nounced this week. The contrast sug-
gests an inquiry for reason. None of
the trusts has gone into receiHership.
Ihelr organization and their power is the
same as when prices were mounting. |
The metals copper and iron are under a
trust organization which is practically
perfect as compared with the looser or |
ganization OF the cotton, trade. Why do |
the prices of monopoly products decline |
while the prices of competitive products !
of the one is declining while it is still |
rising for the other.-New York Times |
SHAMROCK w.
Hlucky unlucky Sir Thomas Upton IS |
going to try again. Well, that was quite |
as certain as the outcome of the 1903 /
races for the Americas cup in the minds |
Of most Yankees. The rule of zone, two, |
three and OUT does not convince Sir |
Thomas that his chances of winning /
back the envied trophy are no better |
than those of turning the Atlantic into |
a pot of tea. But it is reported that he |
has a superstition about the number 4, |
and believes that If he does not win |
next summer no Briton will ever put |
fingers upon the cup except by courtesy /
IF the New York Yacht club. Whether /
Sir Thomas optimism is really as limit |
ed as this report makes it appear we /
shall not know until after Shamrock " /
times in succession.-New York Frib- /
1ne.