The news-democrat. (Providence, R.I.) 1906-1909, 1908-01-03
A VALUABLE AND INTERESTING REVIEW.

Herald yesterday issued large paper that was
situation reviewed by experts and their opinions give valuable
information the ordinary citizen Yesterdays Herald
really OF the valuable contributions made by the
profession the American people, The various reviews
show that the writers have their honest opinions and have
written to advance special theories Not that all view the situation
alike ascrbe conditions the fact the
doubt help the majority citizens who may desire be
the better understand the thus
act more neigently i'll the future than in the past.
One Of the first things that strike reader valuable
and interesting that about all of the writers dwell upon
failures Of Importance 1t that the banks always big
debtors and the dangerous position when trouble is
opinion that everything has because the attacks
the railroads and 50 public spirited citizen August Belmont
confidence which does not from the idea much
from unreasoning hostility
this lack OF confidence for there record productions be
products value for live stock and
strong of cereals and splendid demand for the grown
last year The crops aggregate year
those 1906 by These interesting
facts that the Herald gives
French Johnson York University School Commerce
tells the Herald 1T and still is currency panic and will
probably be followed by depression
dusra reaction Prof Johnson the of
fact speculation in itself the panic although is
usually the most feature OF the nteceden period If
have its day without producing panic but many OF these under
angs based false calculations of demand supply that
capital being unwey invested then the speculative spirit hastens
the day of DOOM
One of the chief contributors this the Herald is
Of Clark college Wrghs and his thorough knowledge OF
conditions make folks anxious for his opinion He squae
his belief that will be of brief
coincide with that opinion Mr. Belmont and
few Others whose trouble them One OF the very
strongest believers good coming almost here Judge
Ebert H. Gray chairman Of United States Steel corporation
Former Commissioner Wright that pancs and here
after and will be accompanied by environment entirely
the and holds that the furry demonstrates the
He that the have been mighty factor
steadyng things during the past couple of months He these
great combinations of capital successful applying their
steadyng influences make the financial disturbance
ply furry and nothing more 1t already thing Of the past
with instructive still operative He declares that like
the careless boy running down hill who falls and baks his shin
and his face need pick ourselves and proceed along
proper and safe speed.
The intimate relations between employed capital and the
pointed by Wright He that with
high prices the capitalist rather than the has had the
best Of the past few years In thinking that he getting
his full share OF the prosperity the the forme
believes, The tendency prices
continue downward but will not for the decrease
In the of his summing Commissioner Wright who
always OF while the absolute
stability sno integrity Of capital must be preserved from
scnc point OF view IS also essential that the prosperity OF the