The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-09-30
DIs NAT ON
UllAG CUSTOMERS
rnsrsr or NATION FOR REASON
rDn HIGH cosr OF LIN
ISc Is>MYTH.
zfsf .---~----~-------
No REVOLT ~ Stt1Hf
81s,s.rrsCs IxTEREsrs WALL STREET
! Ap0GT A. MuCH As ADNEN-
TYRES Oh ALICE N
WONDERLAND.
\, rrroMas g. snorwEIL.


u wear Of superlatives tn America 'o
g Is ..raataxt ,rops in the history 81 lhe
xa,untrv are being harN ested, ana II
/ /. AMY natural. therefore. that th~
greatest stock market III tine hiS'ol'
the world should he developer A'e'V
arV millions of money idie IN 'he
" hands If wall street brokers for the
n ....s,.,,,nts Of customers who are
anx1ous 10 bay. but "ho KANT re-
.ntion before going in, TINS Is an
D = admission on the part of the owners
81 the money that they should nave
4 bought sooner
Tha whole nation has gone OF III
,,,,rp,,it OF something that does hol
4 s.ssssst,h,. reason for the high cost
IN ,lyine. This reason cannot ne
4 ssxs.,,sa because there Ia no high cost OF
ss,ssrv The cost of living never was
~ moderate as at present ne ins'
z facf that II takes more doilarS 10 ""S
y 1I1ings has rnisled millions OF peopie
intn d belief that they are peihe u'
n xrauded.
#E No High Cost of LIVING.
8s The fac, is, that even the most
Es a,xsrohla citizen of America IL ENJOYING
4 81 measure of prosperity greater ' n,'
xsny he ever enjoyed in the past nv
& srcmendous output of golo ihe p"e.
ii fSsW wears and the muItlpllcatoh "
h securities has advanced the aollai
~ tres or things yeftAaent advancing Inc
real price. People imagine tney al
\ nnfYrring hardships because t"eE Nv
4 educated and are able 10 V"iip"i
A thciv own condition with the conai~
Sxrhr al more 1Sliu-
n ,.nfe These differences have Always
n <sxt.fx.,f Int were never before so fuiiy
& s,srs4ersfood. and appreciated as thtH
4 !. ~ now BY the intelligent popuiace
y .v3,ich the public schools of America
Ksve made fact Inequalities ia
Z 34t.o endowment of the good Things OF
81 the world have always existed pu,
n t4.eHe Inequalities are less neaIkeu
Il new than they ever were In the past
Thousands of we'll meahlh4 pei SUE ,''lI'9'
4 vvho are abundantly able to purchase
" sass.rurtties and who intend TO purchase
shs.,a uhen the price is right, are re-
sTrnftfinry nov Because they fear" IL Stf~
@ss.saf reyoIution Prices Of all Things
ara relative, and if there Is gong
4 N he n social revolution the blow WIN
certainly fall lightest on the thlesu
y states of America Even admitting
that d social revolution might upset
investment values In the United S'a'es'
q practical investor will stop TO con
slider the time this revolution may al
rive.
a .sts,,r,nton People Educated.
There can be no doubt that because
IN the high education of what migh'
< he termed the common people IN
me United states. they will attempt
IL secure more Of the worlo 8 wealth.
There III a pronounced tendency TO-
r,,s SOCIALISM, The climax Of such
u u movement may be ten years IN lhe
future. and the man who is seeking an
fuyestment for the next lie" years
+ would make a serious mistake III VIII
& l,oIsitng his money until this CLIMAX
lis reached. ~.
Eesides he must consider what ms
4 ,,nsitiou would be in the event of TINS
ssof.ial revolution, being accomplished.
III is entirely possible that "a series OF
big crops and good business may
s.hac;y the movement indefinitely, ana
the investor who has waited hopihs
ff buy stocks at panic prices may De
shadfy fooled. Even II thefe rs 10 ne
,,araic in five or six years rs there GER
fainlv will be II the socialistic move
d rnerlt IL a success, there is abunoant
time between now and then for big
& and a broad upward movement IN
q .,s.,nrities The expectation of "A social
manic would cause such an upWafu
movement because the important men
yVho have their hundreds of millions
sS invested in stocks aud bonds. would
naturally start campaign IN the nope
Il pf unloading ,
And ii must always be remembered
IN mar great as il the volume of stocks
m ana bonds in Wall Street. there Is
81 ,actf,aI physical value back of most or
them. -
SN Nav EIuctuate For While.
III must be admitted. however. mat
fhc time is not propitious Tor buying
Ntock On extremely narrow margin.
q FfuctuationS of five or ten points may
easily come To pass in The next lew
months owing 10 the excitement III
H. Rallies The political Developments
N maj are feared by Wall Street are
moi such unimportant things az 10
s what individual may become presi-
n aderlt of the United states, but deal
g more with the broad question of the
E$ \ rtft az national sentiments towards
De- rxa4lieaIisin. So far as fundamentals
sra concerned All the parties are in
Fcomt,iete harmony The Democrats
S have no intention II having tarif
81 1exiaiation any more radical than ~
sss 4 x,ror,osed by the Republicans. IT
~ Democrats and Republicans weeid
sas nag out Of Ilutarchs lives To the
IN mass meetings. they could easily prove
as that the .-reforms'' advocated by the
Roosevelt people have been the basis
20 it ,sAL Iatana fog thousands
III w years The real trouble is that
S fl1e earth is Inhabited by human
II beings. From the standpoint of the
III Business men political questions now
I& 6fxcussed are about as important as
WI Na1e adventures of Atice in wonder
MI 1nnd. Persons with money to invest
n N securities should absolutely ignore
4hem.
The ground swell under the securi-
sx4eA market is Irresistible Daniel q.
#lketd wfil be In his Office this week.
StISd his arrival has been anNi"usiy
2sAxpected By persons who have over
nh hacked thu fact that I. +. Morgan has
zen In the street AL the time. and
HAT he would not have tolerated the
$1lTAnce nf security prices If he had
1t0t believed it wise.
n