Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-01-21
GOSSIP OF THE STREET
FINANCIERS SOUND WARNING
AGAINST VICIOUS CIRCLE
Shall We Take Heed From Great Britain's Ex-
perience?-Gossip Of the Street


the future the nation approaching condition similar that
obtains in Great Britain and which contained
report made to the House of Commons after
committee national expenditures
The report High high prices Fresh cycles Of
creascs in prices in prices producers
raising prices against themselves deeply
impressed with the
the process continues tho
all classes of the nation The
followed by prices"
As antdoo the recommends among things that,
The Government should
credits war;
in living to the WORKING classes
should be ascertained
should be limited
An advance of any
single policy authority adopted
in all industry in the determination Of the
The alaound the
similar increases the purchased
ready involved an increase national expenditure
increase of expenditure says
the committee has been the
to finance the war it from day by entirely of
and loans the savings
would have been considerably less
There is valuable lesson United
this
referring to the savings of the people which, deymg
of the
only
but will in the highest mitigating burden
of the war
which any person
nnanclers believe
the English
introduced
especially the rural communities where the community
interest pronounced and where healthy rivalry could be
gendd among these savings clubs would have wonderful effect
Investment Bankers of NeW Financing
Following recommendations of the committee of bankers headed
Lamont Of J. recently
the
financing the report a special by
which convention Of the
Bankers Association Baltimore This
recommends the appointment of board to on all issues of securities
lin order that nonessonal financing may be cuaed and essential
industry and finance be maintained
on as well organized and normal basis as procca0e ud the
ging
i spr,S ina. m 10 III ia sge 10 tI n , % d ra"trvo @ mower % %,
tina
accomplished through official proclamation The committee
offerings Of class Of securities will be
time interfere with the Governments Liberty Loan cam
paigns
whole, the of the committee corresponds with the
plans up recently Washington
financing by voluntary action coupled
with moral suasion rather than any legislative action FOR so %
equally powerful to legislation and there Is
no reason judging by the prevailing sentiment among bankers lot ~
ing that it weakening
Who Is the GOat-GdrfeLd or l. c. c.?
going to where the
should for Garfield fuel order
fault with the Interstate Commerce Comm
sion and this followed up by the usual nveeve on the heads OF
ta 1 % , t t ] 80 mako tho needed extensions and i'm
the consequences
it common knowledge that the
management of many gave
the Interstate Commerce Com
revelations of misnanagemen both
financial otherwise which brought to light in the several rail-
Investigations taken place in the last ten that
controlling body as the Interstate Com
necessity And is still an open qu
normal conditions the operation Of the COM
mission would not have worked out al al rsmr H. - =, ,,,,
down facts the railroads were in wonderfully
they placed under Govern
They scale which before the
impossible For the months ended
October 81 last freight mile
compared with similar period
would have been much better but for the multi
all Of officials instead of
extent caused the present Waseiu congestion
All Signs Fail Stocks
saying fail weather is applicable
which found
representations This especially the since the fuel
viewpoint of prospective earn
prices should sell Off as 1t could not
could be made up in the case OF many
to such stocks have not gone
In
equally divided attrut
believe is the which Is sbz
ing quotations assert that the big interests in Ne"
4 York responsible.
BrddStTeet'S Says:
Under obvious that the week has been marked
considerable unsettmen the shock is quite generally
recognized administrators order while drastic was u
pioc onedl
In fact local administrators at many
well plants
fuel had already adopted
exens the iron and steel Industry having been
particularly beset
The Writing the Wall
his military supporters are capable OF seeing
N