The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-03
PUBLIC DOES NOT
RE-ENTER MARKET
Boston Man Says Necessity
Exists for Readjustment
of Methods.
COPPER THE SAVIOR
Country Is Passing Through
Business Crisis Which Must
BE Settled.
COPPER THE SAVIOR

In these DAYS OF rejoicing at the ap-
pareu,ly greatly Improved stock market
conditions following long rerod OF lack
OF public participation in stocks. there
arc not many with the courage TO voice
a warning and 10 advise tho public 10
exercise caution. but warnings have been
and arc being sounded from time TO time.
one o. which wss emphasized on Tues
day by \. j. Orcm Of Boston, the FOUNDER
and head of the, firm bearing his nanle:
who IL In Salt Lake for n Jew DAYS on
business connected with his various west"
cIn enterprises.
Wailc first and last absolutely confident
In the American people and Che nation
ana while recognizing the fact that cor
porati0ns arc n necessity and lhc OUT
growth Of our national life and illat tnet
have come 10 stay. Mr.. orenl points ou'
that there is a strong inclination on the
pert OF many 10 condemn AL corpora
tions. vhiic he condemns only Inc MI
noItv whose questionable methods and
consCicnCelesS procedure in the past have
brought criticism and the inclination 10
desirrr ali where only small portion
Is worthy - such treatment.
Wrong System Followed.
Questionable business and stock mar
lst methods Of the past, In the opinion
of Mr.. orem. prevent the general pubic
from being coaNed or driven back into
The stock speculative whirl at The pres
ent time. snd while the nation is on the
right track in the cndeavor 70 correct
past vrouEs this is rot n matter 10 be
riChted Instantly with attendant hooms-
II is q matter Of growth demanding time.
Tho public is too well acquainted now
vito tho methods Of Wall street and
State street. he believes, 10 overlook the
fact that there are NUMBER al very
Important items Vet standing in the way
of complete return TO good stock as
well as Industrial times. The new year
presidential election. threa tened tariff
revision. pending strikes. the high cost
Of living and The ownership on the part
of the public OF Watered stocks. which
were in MANY cases fotattons of inflated
enterprises upon the accumulated saw
ines OF the frugal To center the wealth
in such few hands as TO constitute IL
menace TO the country.
Market Machinery.
Mr.. Orem points out that there is in
the east the most wonderful machinery
the world has ever seen for handling the
stock markets.. In far too many cases
uususpecting public by the art Of good
advertising. backed NJ by dishonest brok-
rragc methods, so vastly overcapitslizcd
that upon the punct,Irc ~ fictitious mar
lSet valuations the venture In many In
sctanc4s has collapsed, necessitatinS a. re-
organization which is nothing more or
less than the capitalization Of the mis-
fortunes OF shareholders. All the various
transactions have heen covered so care
fuly that IL would tax the skill Of a
Burns to discover any tracks leading 10
the placing OF just blame.
And this business has been 20 ovcrdone
that the country Is filled with the VIC
Tins with the realization OF their plight
fresh in memory. These victims consti
tu;c the great army Of public inyes
tors and they appreciate that until there
IS resdiusiment Of corporate and in
dustrial methods. woll as stock mar
ket affairs. there is little or nothing to
attract them back 10 venture what capt.
tai they may have left. The return OF
public confidence therefore. is not a
matter OF instant achievement, but Of
slow growth. and inspired market opiu-
ions. Mr.. Orcm IL convinced Will not
operate now TO separate the public from
what funds IL may be fortunate enough
10 have left.
Copper Situation.
Tho brightest pnase OF the entire situa
ton at present IS copper. the demand for
which appa rently has caught uD with
and passed the production. IL the metal
is not too completely in the hands Of IIu-
ropcan spectators. who are the Wiscst
mAnlDulators Of the metal after all the
metal VIII remain finn and he one power
Hriul factor towards assisting The teturu
Of business confidence
There is 10 one who dsikes being
= pessimiHt more than ] do said Mr.
Drem, 'bul we are facing d tremendous
frisis IN t9e historS OF our country. There
* condition confronting the nation
That must be met squ5Tcly and handled
with strong hands and in the ligh, of ah-
soiuts truth. Not all our business meth |
DDS are bad, nor all our corporations but
the bad work Of the minority has pcrme-
ated the entire structure until many
DOUBT IL there Is any health in the whole !
Ihe public IL not yet returning TO the
stock markets despite tee apparent evi-
0rnceS TO the contrary, nor viii IL until |
OF the great moncycd interests Of the
country