The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1917-02-07

broke" Some millionaires Of yes
terday are paupers today.
Since the war has been raging in
Europe the market has, perhaps.
been more nervous and uncertain,
and at the same time. more active
than ever before. During the past
year buying by those the brokers
call 'the public" has been especial
ly strong. Naturally, anything in
dicating a cessation of hostilities
has a material effect on the market
that has been recently keyed up to
the limit.
Wilson is a peace President--ev-
erybody knows that. Spectators
knew, or should have known before
any peace note was issued, that he
was anxious that the belligerents
come to sore terms by which the
wholesale destruction of human
lives might be stopped, and that he
was ready to render any assistance
pOSslbft W PtdCCs
In the latter part of the year ex-
pressions In America and in Europe
gave rise to the hope that the war
would ceaac at no far distant date.
and in December these expressions
were stronger than before. Yet, the
stock market continued to soar.
Dealers bought, sold, bought again
and continued with such enthusiasm
as rarely exhibited in Wall Street.
About the time President Wilson
sent the peace note" there was
slump in prices-the market
broke" Many had sold stocks
they never had, believing they could
buy much cheaper and thereby gain
the difference which they did. What
these gained, others lost. Lawson
that advance information
regarding the proposed peace note
was obtained by some brokers which
enabled them to profit at the ex-
pense of others who had no such in
formation, and that some one or
more connected with the Admins
iration had tipped off the Presidents |
intentions and III that way sprung
The "lepk.'
Ali he--N;fIlRers- and -loserfs.--; Ii @ /
have testified vigorously deny that
hey based their sales and purchases
oil information received as to the
peace note. Nothing has developed |
that any one in the conf
lence of the President or the State
Department endeavored to take ad-
or TO give advantage to 9TH
RS by divulging, prematurely, in
ormation not given to the public.
rs to the President, it appears he
vas so careful that in drafting the
tote he operated the typewriter with
lis own hands.
or course shrewd manipulators in
tocks keep a sharp lookout for
nything likely to have bearing on
he market. This is a part of their
BUSINESS. and when the public" 90
Ip against these Wall Street brokers
nd invest money on the judgment
4 somebody else it is gamble.
ure and simple. There has always
cen and there always will be con- !
itions to kill the MARKET" and
hose who are shrewd and far-sight-
d enough to make the right guess ,
ave and will profit thereby.
In weighing the criticisms, sus- (
icions and charges as to this alleg-
d leak" it is we'll to remember
hat Wall Street is against President
wilson and for three years has ex- ,
rted its efforts in more ways than
ne to embarrass him. s
Finally. we have little sympathy ,
DR. those who broke into a game of ;
nance with professionals, lost out, |
nd now try to shift the blame on ,
utsiders. Most of the regulars who ,
'st obtained their money in the ,
ime sort of game, and those who I
ere not familiar with the workings I
the Change" and who were not ,
Bile to lose should have remained
ut Of the game.
Unless you are able to lose, our
ivice is to steer clear of the bet 1
ng shed, whether it be to put up 1
a poker game, horse race or {
Better stay out {
nyway-"Safety First"
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