Imperial Valley press., 1917-01-19
THTCKHEADED WALL STREET.

From several sources come day after day warnings
as to what will happen after the war Most OF tnese
demonstrations and most Of them OF evil, come Ifon
Wall Street To the thoughtess they would seem 10 nave
ihe weight of holy writ for they come from the center
of the worlds greatest money center, ana surely lh
money kings who rule the business world know all about
what is going to happen to us under any gwen
That is the way the average citizen views the matter
and without examining into the authority and Its ella-
bilitv such view seems jlstflable.
Surely the men who manage the nnanclal a11al1s M oI
the nation know more about results OF this that and the
other than the common citizen who plugs along attend
ing to his business and botherng to solve grave nan
cia political questions To him the word OF the specu
lators of Wall Street is enough.
The fact is the general public take Wall Street as
that wise bunch takes itsef-seriousy. AS matter OF
fact those same big money makers those same gamblers
in stocks know less of this country than any other class
of people They also know less Of any other country and
about real tangible things than the average CITIZEN ana
for the reason that they measure everything from all
Street standpoint. They imagine that when wan Street
sneezes is time for the country to take medicine Tor
cold They believe that when they wind and water are
squeezed out of stocks and they reduced to their ac
tual value investments and the specuatlng values are
cut out that the country is going broke.
AS matter of fact, Wall Street is OF no more value
TO the country than the vermfom appendix to the hu
man body and only paid any attention when 1t IS requlr
ing operation to relieve the system OF annoy dce
caused by its presence
1t does not realize that it is effect and not cause
It magines it creates things when as matter of fact
it only CANDLES the results OF what others ahve ere
necessary to recall the scenes of the latter part of 1914
When the European commenced the street set
up wall that could be heard from Seattle to Key West
The country going to be ruined All Europe would
be sending American securities the pond and de-
mandng the cash for them The country would be drained
of gold There would not be enough left to carry bus
mess and would stagnate The Stock Exchange was
closed and that the eXtinguishing the SUM-
The country not worrying about Wall Street or
anything ese Instead Of business being stopped it be-
gan at increase The stock market opened again
and shrewd business began to buy stocks especially
those since known "war brides" They bought for in
vesment. 1t their money that gathered up Beth
lehem Steel around S5, and other stocks before they
started to climb The Wall Street habhes could not and
did not believe the country prosperous until it was
forced on them stocks kept climbing. Instead of
ing ahead they several laps behind those who did
They followed and that at considerable distance behind
the hard-headed business who started the market
upward
Now these same Wall Street spectators are pointing
out the terrible things that to happen to when
peace arrives They know little about what is to
after peace they did to what effect the would
have They figuring what will happen to Wall
Street not what effect peace will have business. That
practically all stocks will be passed through the wrnger
befor long is toeraby certain for they far above
their actual value now and there will be another terrible
wall go up from the brokers and broken when that time