New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-21
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
!. for the Investor.

tor the investor. ,
70 the war news should grow worse, the
..r,r agitation get TO the boiling point
"a q money squeeze come along there
hid be no occasion for committees of
"a, kind TO investigate the New York
C,ock Exchange. 1t might be good plan
- cave the money being used to pay the
.,,enses of investigators and invest 1t in
80 NJ the high class stocks and bonds
-, being offered TIE results probably
mid he much more satisfactory in the
end There seems to be nothing the
letter with the stock Exchange except
dull business.
Quite Measuring.
same people are never happy unless
,,redirting some coming calamity" re-
I.ar,ed a prominent Wall Street man yes
.ardsv These -essimistic individuals
-. now going to extremes and are pre-
Acting a panic for this country. Just
chen they do not say, but in a vague sort
-, nav II seems to be gathering for
s.,dden visit almost any time in 1918, 1914
:, 1o1s All things are possible at some
.r,e or another, but the prospect for
,a,ic in 1919 is like taking 100 to l
nance I'm a hUrserace. 1t will require the
hotter part of 1913 to digest the big crops
- che country, and the start that indus
,rss now have would appear TO give them
s,a4cient velocity TO land them beyond the
SOFA nsriod with no serious drawbacks. 1t
e. almost certain that there will be some
ho,dng back of trade pending the adjust
.l,f1a aft
,nsn Of the East and West fix their minds
or the question and begin the surgical OPP
Grafton of cutting. but that does not mean
manic While a European war would
n,,rt this country considerably, it would
~, necessarily cause a panic. So what's
,ha uss Of being a hypochondriac? IL a
n.r,c should strike US in a few years
',nesc,ent unto the day is the evil there
Of"
Have Something Of Their Own.
Nav that the long fought suit of the
Vulcan DEFINING Company against the
American Can Company has been finally
Aoc,dsd. the rumor Is current that the
Aroer,can Can Company has developed a
new defining process entirely its own
which will leave the company In an inde-
nsndent position. II is said that the
American Can Company. anticipating an
.uofayorable decision, had charged off over
$4,000 toward the payment OF the award
ed damages for infringement OF the pat
ents OF the Vulcan DEFINING Company.
As the American Can Company will meet
next month for the declaration Of divi-
depds il will then be known whether pro-
vision will now be made for the payment
Of back dividends, which question must
remain unanswered until that time, al
though rumors are still afioat that these
back dividends will be arranged for pay
ment.
Currency Reform.
The financial outlook as seen in the
West and Northwest is told in an ad-
vance proof Of the monthly letter of the
.Tootle-Lemon National Bank, of St
Louis. After looking favorably on the
view of business progression for the next
year. the question Of currency reform is
touched as follows:
Although no formal programme has
been decided upon, there is reason TO be-
heve that the question of currency re-
form will be considered in the near fut-
ure by the leaders Of both parties as
matter demanding instant and statesman
like action. The enactment OF a new
financial law should be dealt with by the
public authorities with the sole idea Of
rendering a distinct public service and
without the slightest regard for the posi-
ton Of this or that political party. This
is a matter OF real importance to mer-
chants generally, especially those who
are located at some distance from the
important reserve centres. IT is to be
hoped that the mishaps encountered dur
ing the panic of 1907 will be remembered
sufficiently TO compel the enactment Of
new currency law within the next year.
The emergency currency law was ad-
mittedly only a tentative measure, which
was enacted with the sole idea Of afford
Ing needed protection during the period
when the country was engaged in formu-
lsting an up-to-date currency system.
Very little real progress has been made
since then in the work Of currency re-
form except for the excellent movement
that has been undertaken TO interest
business men in the need for such action.
Il is exceedingly dangerous, however, to
defer action indefinitely, and 1t may be
said that there is a quite general need
to-day for the adoption of better bank
Ing system than the Anticipated one which
the bankers and business men of the