The daily Nome industrial worker., 1917-07-26
WITH IRE MONEY MEN.

To the men who hasn't got enough to buy a paper lining for his hat, there is nothing so stimulat- in@ in all the world as the financial section ot any Of the great daily pa pers. He is taken right into Wonderland of millions where the great ones of earth discuss, with fran.ness or insincerity or may be a shade of both, conditions as they are and as they ought or as they will be.
 A short time ago men who be- Ieved that the United States people were not taking sufficiently ser ious view ot the war uttered all kinds of Cassandra warnings as to the outcome and the deep note of pessimism was echoed in the ordi- nary news pages of the papers.
 But the men #ho keep their ing CTS on the pulses of current events report their findings in the financial section and there one found nothing put a great optimism that condl- tions looked so rosy. The prospect of a gargautuan spending policy by the government in all lines was re earded with a complaeency reflected itself ir every line of the reports as to market conditions and the words of warning were therefore regarded as SD much bull.
 Moreoser. the writers ill recent articles. themselves wise enough to look beyond the grand stand play which foreign statesmen are like lv to make, have begun to direct at taLtion of their fellow finaneiers to the remarkable decline in German currency and securities now very distinctly noticeable in neutral coun- tries and a decline which the eX- portation of gold to Holland, the first time such has occurred since the war began on any scale, failed to stop.
 The collapse of the German mark and the Austrian kroner of recent date is considered too acute and too remarkable to be explained wholly by commercial facts and that it has political significance is dis tinctly held by the more astute fi- nancial writers They hold that it is yisioning the real conditions which Germany faces. ;uc'jdc5 the dangers of a prolc;&r.an revolt and the possibility never admitted b} statesmen Of T German defeat
 It must be recolected that it is not the work of enemy tinanciers or ot any who are not sympathetic supporters of the Central Powers It IS caused by men who have every thing tC lose and nothing to gain by the collapse of the German and Austrian group and for that reason 1t is considered of immense signi- fcance.
 Without doubt it is, of more importance in guagiug the actual state of things than any statement which might be made by the government leaders in either Germany CT in Austria.
 The reports sent out as to Amer ican conditions are cheerfully Opti- mistic and form quite a contrast with the conditions as depicted in commenting upon the decline of tha mark.
 The only morose note in the out look is that of Russia The fnan- cie1s do not like it a; all. As Is well known, the finanCiers felt that one of the securest forms of gov ernment from their point of view is the autocratic form. The leading American journal of finance said so. and said too that the most in- secure was the socialist form. That was all said before Nicholas retired 10 grow turAips in his back yard, and when there was no thought taken of a possible revolution.
 Now when the revolution is an accomplished fact, while willing to make the best of 1t, as a farmer is whose crops elsewhere are good but where in one field they wont grow at all, the American fnanciers are quite critical The most sang uine admit "the actual economic