The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1919-11-18

uereu last week II these starting developments on NAM
pesaged another panic; and in som cases actions of Coast business men
indicated a pronounced ear that such RAJ the case However, it nov ap-
soaring rates or call money, to be used by spectators
Repeatedly had bankers warned their customers that loans should be
reduced, and various efforts had been made etc discourage the mad specula-
ton of the times. but apparently without results. Men had made money
during the var and wanted to make more. Thew speculated Will he pro-
ceeds. and made orr money as the market advanced-an to the detriment
of the ultimate consumer The profteers were not satisfied with their profits
and needed no warning. Finally the bankers reached a point where they
practically refused to lend further for speculative account In consequence,
rates scared TO thirty pei cen last Wednesday, and brokers reported that
it a almost impossible to obtain money at any price. This rate is the
highest that has been known in twelve years. On December 81, 1907, call
money rose to 15 per cent during what known as the rich mems
panic" Stocks slumped much as they did last week.
Although this latest break in the stock market may have mean financial
ruin to some people, it was most desirable that there should have been just
sun a shaking-ouI In ahk were becoming erextended In mr loans
and the welfare of general business demanded that there should be rarench-
todn,atna IN tha Wild tnct -martat snso~1.tto oosaa :. rm. 80 n Mno m
warnings of conservative banking interests
The Federal Reserve Board may come in for a large share of the blame
fol the liquidation which took place for it was tisi institution which among
various banking interests. warned the public to curtan speculation; and it
is this institution which probably will be held directly responsible for the
almost prohibitive money rates.. However, the halt which "a SC suddenly
called in the rampant speculation was perhaps the best thing that could have
taken place 1t will mean, for m thing a more orderly market, and again
it will place the banking institutions N a much safer position than that in
which they found themselves before the slump began. Even Nevada people
will feel the effect of this somewhat in a gradual sterilization of prices.
Dear friends, the people wouldn't stand for prohteering unless their
minds had been prepared for it by senseless newspaper propaganda. For
a quarter of a century, every years., we have been RECALLED with startling
reports of coal strikes. o calamides of ne sort or another-notaby car
eratly taught!-to expect higher prices; and W e got EN-. If public senu-
men had not been so tempered with, and cajoled into expecting disaster to
the poor mans pocketbook, millions of men would have risen III in years
past and demanded to know who wa robhng them, and why. And there
would have beer quit some less gigantic fortunes sin the United States.
Let's see-f the news stories are correctly remembered, those avators
who came % grief in the desert were flying east from Reno You remember
they hit a high spot somewhere around Battle Mountain, and wrecked things
up pretty well. When they came to, and returned to Reno to get the wreck
ing crew toc clear the track through the air, they told stories of seeing jack
rabbits chasing coyotes around real reckless. Why did they eve leave Reno?
We ire reminded of Mickey, who was taking a long reproachfuI look It the
Office towel as it stood in the corner the other day. Finally he remarked,
chdingy: "Migosh, Towel. how'd you get that way!"
Lady reader objected to the recent decidedly awkward alluson.i in this
column, to Ewes skirts As nearly IS W e could understand yer the teie-
phone, Eve must have been wearing koverans, and been tnkering with her
automobile. or something. Got out of depth. sail.
We 1egislate against the manufactured article of the European plentfuny
and cophusly but we receive the European himself by the hundreds of
thousands with open arms, and seek to naturahze, deodorize and vote him,
rapidly. Consistency, thou are a jewel
Reports of the HCL. appear to be just one-ahi-thing after another
winnemucca nurseryman reports trees are going up. Suggestion occurs
will they ro well at the same time?
The time is rapidly coming in Nevada, If it is not already here, when
the a who is "out" for office won't get it-and the man who dos not want
it must accept and serve
That statesman who figure nut a high duty on what W e have to sell
and free trade IN what We purchase, can buy out all the mlhonares soo
The s275 shirt is worrying more men than the 275 beer-[Boston Herald
% .
o 1t is a great privilege to have a opportunity many times a day, in .
o the course of your business, to do a kindness which is not to be paid o
. for. Graciousness of demeanor is a large part of the duty of any o
o Official person who comes in contact with the world. Where a mans o
. business u.s. there is the place for his religion to manifest iself-IHelps .