The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-09-26

the active support of any set OF
Democrats, whether he believes they
are sincere or not. II is much to
be rcgetted that the managers OF
Mr.. Bryan's literary bueau have
created bugaboo to try and
scare some thoughtless people into
the idea that all the opposition to
his domination proceeded from
Wall Street interests. Mr.. Bryan
is not to blame for this, but he is
made to suffer for the action Of
his too ardent and inexperienced
friends. Why there is no more
danger of the SO called reaction
aries nominating the next Demo-
cratic candidate than there is of
the Republicans controlling the
convention.
Whether the present boom of high
trust prices are to continue is a
matter Of dispute between the high
est financial authorities. II may
be well to recall the opinions Civ
en- and then judge of their value,
1t is only few months ago when
the frenzied financiers of Wall
Street where advising investments
in stocks and bonds at the prices
then prevailing, since then nearly
30 per cent has been Rocked off
their paper value, and as far as
trust stocks, at least, arc concern
ed the bottom is perhaps not yet
reached. The public were advised
some time ago by Tom Lawson to
buy copper stocks for an advance,
but this tip has been followed by
a decline of 100 per cent in CANAL
gamated Copper and nearly as
much in other like stocks. Tom
awson is likewise booming Presi-
dent Roosevelt as certain to be
renominated and elected. but if his
political foresight is no better than
his financial hindsight, it is pretty
certain that Mr.. Roosevelt will not
be renominated.
President Gary of the Steel Tust
declares the business or trust boom
will continues but at the same time
there was a serious decline on
the stock market of steel trust
shares and orders for steel mater.
ial are deceasing and the price is
declining. Mr.. Rogers of the Cop
lper Trust and Standard Oil declar.
ed when he returned from Europe
a few weeks ago that the price oi
copper would remain at 25 cents
a pound, whereas now it is going
begging at 15 cents pound. Mr..
Wilson, Secretary of Agriculture
on his eturn fom two months
trip through the country told us
the farmes had enormous crops and
would be rolling in wealth, but
now his department last state.
ment shows there will be nearl,
10O,OO0,00O less bushels of cereals
raised this year than last. Have
all these gentlemen been trying tC
deceive the people for financial ol
pclitical purposes? 1t looks very
much like it.
The New York Journal OF Com.
mcrce, most conservative and re.
liable business journal, for Sep.
tember 10th says: "The severe
depression that has reigned in the
financial district is beginning Ia
bear the inevitable fruit throughout
the country, and no doubt can be
entertained regarding the immense
of an industrial reaction. " The
same Journal on the 18th declares
y" the merchants are puzzled. u
Moody's Magazine, a reliable source
of information for investors says
"the bankers are puzzled. !" Now
what are all these people puzzled
about? Mrs. Hetty Green, the rich
est and most prominent woman fin
ancier in America, tells us that the
financial situation is going to the
DEVIL, and as Mrs. Green has
access to some of the very highes,
financial authorities, and her opinion
is not warped by partisan politics
she may be nearer right than the
other prophets who are evidently
quite fallibe.
Is there danger of a financial,
Industrial and political catacIyism.
IT looks as if great many peo-
pie were afraid of something dire
happening. Already vast fortunes
have melted away or have been
greatly depleted, but so far the
trouble has been a erich man .
panic" and mostly confined to
New York and the other great
financial centers. The question is
Will 1T Spread. I have somewhat
enlarged ON these symptoms of the
busting Of the trust booming Great
ed by Republican policies as it will
have the effect of showing that nj
ira protection has creafaJ M 80