Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1908-03-06

"a S1ss A27A1 60 "a G1 ss24$ E&ST kaa
), Proprietors, Chicago.
lation are restricted. The market
lacks stimulating conditions and
more or less inertia exists every
where. For some time to come fuc-
tuations are very likely to be with
in a comparatively narrow range, al
though each week finds the market
in really safer and sounder condi-
ton than before
Period of Inertia.
After a panic prices invariably
show sharp recovery; then mod
crate recession, and then limited
fluctuations for a period of more or
less length, during which rest and
recuperation lay the foundation for
a more prolonged rise later on. 1t
is just such a period as this that
we are now passing through. There
are reasons for hoping that this pc
| Rod of inertia viii be of shorter du-
ration than usual; especially as this
panic-violent as it was in the
| financial districts having less eff
| feet in trade than usual, because of
! the absence of any great surplus of
products. Better times are surely
coming.
great deal of shallow abuse is
still being showered on the stock
exchange from all parts of the coun-
try. This always follows a panic. 1t
pleases certain class of ignorant
and misguided people to hear Wall
street denounced and maligned on
every opportunity. 1t matters little
whether the accusations are right or
wrong. So pessimistic is public opin-
ion that the worse the charge the
more numerous the believers. No
one looks at the other side; no one
is told of the manifold services and
cial senter. No one is taught that
Wall street is merely central mar
ket for capital, just as Chicago Is
for wheat Boston for wool, New Or
leans for cotton, etc. How many APP
preciate the fact that Wall street is
as essential to the business life of
the country as is the legislature at
Washington to our political life?
Wall Streetea Nerve Center.
How many realize that Wall street
is the primary nerve center of the
American business world; that q
blow struck there is an injury to
the whole financial and business
fabric of the nation? How many for
get that in Wall street the investor
can deal with greater advantage tc
s himself, as a rule, than in any othel
financial market? How many under.
stand that there the country car
lest settle its accounts; send it
s. savings, and make its investment;
3 more readily and on better terms
I than anywhere else? The very in
4 dividuals who most violently abus'
8 Wall street are often among the frs
: to go there for financing new enter
prises or to pick up cheap invest
! ments.. Thither, also, these sam
grumblers hasten in order to "ge
rich quickly" When they succeed
q nothing is heard about the wicked
d Eess' of Wall street, and they fiat
q ter themselves as to their own su
perior shrewdness. But when thes
8 same individuals lose, then Wal
street is nothing but a "gamblini
hell and a cesspool Of iniquity
: They fail to recognize that thei
losses are the result of their own Gu
pidity or inability to discriminat
between sound and unsound invest
n.ents. They usually lose beeaus
s of their own bad judgment; but
nevertheless. there is no end t
their objurgations.
Good and Bad Trusts.
Now Wall street. after all, is yer,
little different from any other de
partment of business and industry
Its makeup naturally includes me
with similar failings and similar i'm
pulses to good and evil that evils
everywhere: men who are bette
than some Of the trusts or tn
unions which aim to selflfshly an
often relentlessly grasp all With
y ktheir power. It may also incIud