The chronicle=news., 1913-12-29

I i.ei zen, n,or- within three riosths
/ thereafter. hut there nsyei mas been
sHy demand oh the hanks by the xcr-
ernm.nt or anybo-iy else that in-
soiVei 81 much shifting ahou, al
Iunds "a. this ias r-sinirss II II
si.ar to me. therefore. that Ia. th-
n.Nt ~, months or = year. no'.ias
;oDi IN the security nsrb-' sao Ss
expected II viii b. liquidation sas
shifting about and rsaalusin,-nt.
Shieh mean disorder, !, do~s not.
in my opinion. mean i.Asi.
These statements are in line With
the experience OF mankind IN the
matter of disturbance. la the iaohe>
sni security marh.is- Il In capital
Wiihh-id from, action or capital "a
| lIshsi, that raus., trouOi-. suD-
| siantisiiy. on. may cav tina, even IN
u psui- lim. thef. is not iuofs ut
i.s. capital than there sss bsfos-.
of viii be after the sfosibir is nser
IL i. . question where tb- ssriiS!
!. and ~hs, Il - d"ins. and ~h-h
| ih-r- 10 too mach of II Ia transit.
shcr- l. likely io Ia. = strun son's'
~h-se. aha = consequent bs-asdOs.
| II sheridan had Bern al the ffout
~hvn the battle Of Cedar Cs-.E sa,n-
sh. the rout of III. NoFth-sn faser~
~,aid have Ls-u svo,ae.i. bat stesi-
asn ir transit sas = asasrFoas prop
asision,
II 10 = bad time fOf the bsahs Of
I the unii.i stsi.s to haze securities
for sale. ~ io bc ih = position where
/ s.ssStinx bofsosvfs .aahU, ssi ell
. III. is.ass iE", need The rates for
,suns> are ALREADY aish. sns th.r.
/ b. little motive "a the r.t IT '.s
istis iiiai purchaser to .as s-sass'
''s~ si~i.isax sa ogJiasrf insssic
NSi .i-s-'t. ii = tr.i". lao. -i..t-i sH
isaf ap ih- ps..~- a. = rsrt-'. OF
t.as.i In th. ias, i-N iATs. AMI the
prospect al tIr rnss,,n-a, II the
Et~ lss ua. on.' ~. ia. r-7aspus ios
shs' absans-. Ior = lie finis- lac ~
, ris..s ,f sn inI-fiGi,- I-..s'i's,i,y VA.
/ REGARDED -. ~ irass = relief isn't
,h-f- ar other r-s..-se iof ,a~ sa-
,.ss.' in Yrir'@. on- at ,a~;r I--'iu.
,hr h-pr "i 81 ia"f-as- in rs'e$ 90
tsi~ -s''.su rsss':ss Iis-b tr-r. Ia
/ tic s-ar. ~h" must i'uS .i.css .h,sh
'ic has already .s'li. Hsa watch
s.rr- no' his ovn.
Naturally. ons, -: the "ijsvsioa. Of
the banker. to toe n-~ hanbiax ard
sas.n-, Ssisns u i,. srttssrsAiiif.
Isssin~ss has toasd u. -rAfev 0s ~.
'inn. it, u-tho-i.. iis sis'rs cuts. ny
= natural rfur.s. b, ,h. sxp~r,-ns-
.f ,a- men ~oskiaE ia the Ay.ls.s,
III" s"N-r''na-ni steps In AMI .sss.
! ''rhi. i. all ~runs W- ~.ii .hp~
s"u hoN 'ht. thins saouii '-. done.
/ Sou arr uns.i-ntt,-. -u'i. aay ae~ I.
I -- have srr.ous doubt asou, youv
pn.>l,
/ II is not sur ,ri.ins the; the ole
rand. In THE pusin--. .isr- al the
| government In = puzzled Way ans1
- pn'i-t " alt their education. .S-
.. ricne" anj nara ~"ts have count
~d for nsusht.
Nevertheless. the banker just 70.
f.rs-d to -Npr.ssc> the .ririou that
the new System will eventually place
American affairs In " better pC-ition.
II Is only the iu'ctm-dis,, period
that lie II afraid Of
Ard. by III. way. ,n,s banker Ia d
prr,,, good specimen of the pcn,.
i-nt sinner. tic says
- reckon VIC have all sun- wtomE.
MAJ bc Ne have bcrn r,orry mai. We
have bailt and inflated snd watcrcd
until We do not know where actual
,Lluc Is II was probably time to-
cali halt. Tina, the railroad. Enu
the Industrial companies have in-
,utrrd the hostility of tho ,utiic
and the vengeance OF the gUv.rn-
mcnt is largely their own fault. Tic
standard OIL -ompanv. the Tobacco
COMPANY. and the rcs' .: then, were
luinG too lar In surs ,ge diErcrnrl
o, th.r igits ard convenience OF 9th
! rinrip,c that man do1s mt live for
himself alone. but for everybody 'l.c
that iives.
We can claim for the banEs That,
their stock L. no, inflated. Thci" is
dollar for dollar In their ,artta1isa-
tion. hut toe banks have cu-opa-
rated with til. other corporations.
aud I ScnIcss that I am ono with
III. rest uf the sinners.
eli IL bumilt;,tjNp In Ia, ,sgII,, toI