davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-06-29
Sensational Rally
In Cotton Market
Puts July Higher
Contracts Up $50 Points
Over Saturdays Close,
in Readjustment of Spot
and Southern Quotations
A sensational rebound in the pric

A sensational rebound in the price
of July contracts was the dominating
feature in the cotton market yesterday.
SO far as local brokers could see there
was no change in the favorable aver
age of the crop news and no improve
ment in reports from the textile trade.
1t appeared, however, that the break
Of last week had carried prices too
far below a parity with middling quo
tations in the South, and when the
circulation of a few July notices
failed to bring out any liquidation of
consequence yesterday morning shorts
attempted to cover. Liverpool and
domestic trade interests were con-
sidered the big buyers of July on the
advance from 36.10c to 37.7Oc, or $50
points above the close Of Saturday and
220 points above the low level of last
Friday morning. July closed at $1,000,
a net advance of 40 to lao points.
The market opened steady at an
advance of 6 to Is points in response
to hig-..r Liverpool cables, which were
accompanied by reports of Manchester
and Continental buying. Because OF
favorable weather in the South over
Sunday and rports of increasing cur
tailment in textile mills prices soon
turned easier, with active months sell
ing about to 10 points net lower dur
ing the early trading. But the failure
of July notices, estimated at about
600 bales, to make any impression and
the trade buying OF the near month
soon turned the market firmer Some
of the July buyers were sellers of
October but the strength of the matur-
ing position stimulated covering by
Wall Street or local shorts and the
new crop positions showed net ad-
vances of 40 to 56 points in the late
trading.
Two more private crop reports were
published, both of them being closely
in line with those issued last week.
One of them made the condition I'll
and the other 706, with both pointing
to a decrease of per cent in acreage,
Reports from New Bedford indicated
some curtaiment in the yarn depart
ments of cotton mills at that center
Southern spot markets as officially re-
ported were unchanged to 100 points
higher, middling quotations ranging
from about 38.75c to 41.5Oc.
The local market for spot cotton
was steady and so points higher at
38.75c for middling; no sales were re-
ported.
The range of prices follows:
New-York tribune., 1920-06-29

heard on the break in Santos futures
after special cable had reported another
effect that there should be readjust
ment of the parity between Santos and
mild grades.
Santos. it claimed, has had the aid
of the government for the last three or
four years. which has helped maintain
fictitious values. 1t was believed in some
quarters that Santos futures had sold off
under orders from the New York market.
The break here yesterday carried prices
we'll over 1c per pound below the prices
on June | last. Firm offers in thu cost
and freight market We're lower and the
local spot market reported neglected
demand from the interior.
New-York tribune., 1920-06-29

4ic; packing stock. current make '''e =
grades. 3 ~ 40c .s
Cheese-Receipts. 2l22 boxes ,,bts
whole milk, fresh fats. colored " wh.,e.
:. = % sc. average run. coiorsS. % .wiBs
26G021c; lower grades. 20 q -se' rans
fresh specials, 27ms7i2c; averags ssradss
white or colored, u q 70 nc; love- sefssc;
2oM 25c: Young Americas, - ,nlE
Daisies. 2s@ soc; Wisconsin. Whole W = i.cs
held. twins 25a 2ec; fresh. 20 y IA e;e
sinyle Daisies. fresh. p = q -Sc; hs's. .si.:
29itc; double Daisies. frtsh. :. ?. fr-ss
helA. 25Q 2sc: fresh. 81 q 81 &c ~, lss.
specials 1872 q l9c; prime 70 nv, sno.s lossf
lTlac: fair TO good. j. e /" = y
grades. 5Qpl0c. rress
Eggs-Receipts were 1852 casa, ssc. exlrs
gathered extras per dozen. - 'V asse:
tirsts. 46W4sl2c, nrsts gradea' ssa4aei1
ungraded, 4l@43lac; seconds sss asa {
drties. No /. special package; % and
regular package. SAG s5e No, Choice:
poorer. o6m33c: checks. fair 10 ard
dry 3oIS4c: State. PennsyiVs"'se sex.rsss,
nearby Western hennery whites, ;is
56 a 5Sc: extra iirs,s. 81 q eSc' sc: unt
53c, hrsts TO extra hrsts' -. 90 whi.sf
der grades AZ q soc: Pacihc Noas., OATS Sie,,
| extras, 56G 5Tc; whites. extra 'ssaspe;
nrsts 81 e 5Sc; under grades, "a south.
small 3s042c. other Western Az Az STATE.
ern. gathered whites. ~ q sss' ssnuef!
| Pennsylvania and nearby Nesteid ,n.sea
! browns. extras SIS q 5fc. brown "He aeF ses'
colors gathered. graded eNUas
firsts to extra hrsts. 4s@4s'sc-
New-York tribune., 1920-06-29

Southern Spot Markets Galveston
steady. 25 points higher at 3S.75c; sales,
l6l bales New Orleans quiet, unchanged
at 3975c; sales lS4 bales. Mobile quiet
unchanged at 80. 25c; sales, bales. say
annah quiet unchanged at Al. soc; sales
nil Baltimore nominal, unchanged at
4O5Oc; sales. nil. Augusta quiet, un-
changed at 41c; sales, nil. St LOUIS
Houston quiet, 25 higher at 39.25c; sales,
1877 bales Little Rock quiet, so higher
noints higher at 39.35c; sales $50 bales
New-York tribune., 1920-06-29
Wireless to Link British ErnPns

The Marconi Wireless Company
poses TO the British goverhMe", "A
erect wireless stations in Ens!aas'
Egypt. Inc:a, East Africa, South H' ,,,s,
West Africa. Canada. West "A. shps'
Straits Settlements and Austra'n' ,rirs-,
linking the whole empire IN ons -
New-York tribune., 1920-06-29
The range of prices follows:
Fridays E
Butter, Cheese and Eggs

Butter-RecoIprs were 5,036 packages
Creamery. higher than extras. h., 59la a
60c: extras 81 score. 59c: frsts 90 and
ai score. 66@5sc; IS TO 50 score 6e,s a
Soc: seconds. SO TO 81 score 4bGa52c
lower grades. 43@Atc; unsalted. higher
than extras. &C u a dSc: EXTRAS 81 q 52e.
nrsts. 6bm tac, seconds. iaGe54c: state,
dairy. tubs finest. 81 a 5Sc; good To prime.
81 Ga SIC; common to fair i4df sac: renovated
extras. beQ9 sic: hrsta. Asa 4oc; ladies. cur-
rent make. tirsts. 40 al e6c: seconds. 4lha a
New-York tribune., 1920-06-29

and min the grain markets. Buyers were
again inclined to be cautious, however,
and there a good deal OF switching
from July to the later months.
The late decline in lard caused a partial
reaction from the top, but final quotations
showed net gains for the day of to 20
points while total sales were 2I,00o barrels.
The range OF prices follows:
New-York tribune., 1920-06-29
German Internal Bonds
(Quotcd IN dollars per 900 marks
L. S. BUYS More Silver

WASHINGTON, June %. Purchase
of 100000 ounces Of silver at 81 an
ounce for delivery at Philadelphia was
announced to-day by tic Director Of
New-York tribune., 1920-06-29
COTTON STATISTICS
Liverpool cables-spot cotton dull

Livcrpool cables-Sp0t cott0n duh at
point decline, With middling quoted al at
2G37d. Imports, 10 900; American, 5000
Sales 000i American 1000. Futures
opened steady. unchanged to 10 points
higher. Closed steady at a net advance
of to 2G points. July, 23.97d; October,
% SD; December, 21.36d; January I'D
March 2O.4Sd. Manchester: Yarns dull
and Irregular; cloths very dull.
New-York tribune., 1920-06-29
Livestock, Meats. Provisions
Live steers. fair 1.

prime, 100 lbs
ID re y s e Il beef.
sides, ib. 49,. .
Live veal, com =
mon 20 prime,
100 lbs. ...
j. re y sc & veal,
city. ID ......
Ays ewes, 100
lbs .,.....
Dressed mutton,
. city, ib. ...,.
1.-Two lambs, fair
u prime. 100
lbs. s..,...A..
Drasse6 ! & IN D $,
city. ib........
Hogs, IG0 lbs ,.
II rs & Il hogs,
baeDo. ID. 44..
Gsss pDrk. bt,i
Meas bssf, bbI
49,
New-York tribune., 1920-06-29

CONTINUED from preceding page)
Sales Open. High. Low. Last.
200 *Willys Corp. l9lA 1919 1871 19l
zoo Edo "a pref 81 g., 81 d, edu 81 81 6d,,
Standard Oils
500 *Anglo-Am Oil "a "a 231a "a
10 IS of n Y. 3S5 3S5 3So
New-York tribune., 1920-06-29
Montreal
RID. Ask.
EId. nlr.

AA,. ps, Ply Ply 1.., HsH, Bid Ask
40 rf os on c&S. 26la 70
AZ Sug ReI27 M 127h J1nt T. Bv.108af ,of
Bell Tnl Jos fDonl Text I9t N
Br TL&P 42% a2ialM LAf&pC "A SS
Br Pap.,,.1 1864 lNmt Brow 81 d5n
Can C&F. -. 62 -~- lHlor. pnn,lg6 ton -
10 pI =. w 1913 shswsnn.1 1tot5
New-York tribune., 1920-06-29
Pittsburgh

10 Am w G Mch..11o 11o 110 10
254o Ark Nat Gas. 12A l2ts JlI u
25 Barnsdall Cp A 40SA 4oa 4o7. 40H
10 do B........ 80 ~ 70 30
goo Gufey-Gillcsp.. &c 26 - 20
100 Ind Brewing. 2
1b0 Lone Star Gas. 20 26 26 aG
1880 Marland Ref. AZ AZ d'. AZ
A Mfrs 1t & HI. 63 63 62a. b2M
80 Ohio Fuel OH. 20 y ~ .3
a0l0 Pitts on 6. g. 1tM 15% Nv l5N
10 Union Nat Gas12i 12l 19l 12I
40 West Air Bkc. lO6 u 10Glh 1O5 1O5
New-York tribune., 1920-06-29

Federal and Joint Stock Land Bank
Bonds
Federal Farm Loan IS.
1898 op 1928. 3......... 90 ok 5.24
Federal Farm Loan AIS,
1899 op 1924. SO 80 5.43
Federal Farm Loan 41as,
1898 op 1928 81 80 5.45
Federal Farm Loan AIS,
1897 op 1922. ST SO $50
Joint Stock Land Bank 5s,
1880 op 1924. sc S015 592
Joint Stock Land Bank IS,
1898 op 1928 23........ IS so1s 5.e5
New-York tribune., 1920-06-29

81. 600 II & P Tr As. 81 81 81 s.
1000 I.ehigh V Gs.. e2A 92A e2N 92&
900 Nat = Co 4-6s. 3ia 3lz 3a ~
1000 Phila E LIST 5s s2is s2la S2n S2N
1000 SPAN Iron 6s 1914 9sa 9Sla 9SM
New-York tribune., 1920-06-29
Bonds
Detroit
Philadelphia

400 Am Stores...., 44A Az 437s 437s
60 Am Rys pf... DO 40 40 40
263 Elec Stg.......11Sia 11S3t III 118b
10 Lake Superior. 13$l 13a4 13a. 1884
80 Lehigh Nav. So bSA 57i2 6S u
175 Phla Co So pt. 81 "a 81 "a 3li2 81 u
7o5 Phila r T..... "a lS4. ISIS SIS
361 Phila Elec.... 22 22 % 22
! 0 Pa Salt Mig. 677s 077s 67N C7N
100 Tonopah Bel. IA ia 1SA Ia
l20 Union Trac.... 20 20 20 20
206 Tn Gas imp. 4 rs 42B 4l7s AZ
16U G imp rs pf 50 80 80 so
New-York tribune., 1920-06-29
Miscellaneous Mark cts
Security, rate, due.
New York State Bonds

Issued IN coupon and registered form.
not interchangeable. Coupon bonds regis
New-York tribune., 1920-06-29

A hrmer tone prevailed in the market !
during yesterdays operations. owing to leaa |
New-York tribune., 1920-06-29
Trust and Surety Companies
Insurance Companies

tIncludes American Trust CO
sHaoNA
New-York tribune., 1920-06-29
Boston Curb Market

1000 Ann Tel IS :. a2s. eas4 9ss4 93%.
1000 Atchison As 70s4 7o34 1913 10 "a
1000 A G. &, w 5s.. 60 60 60 81
New-York tribune., 1920-06-29
Railroads
Miscellaneous

10 ANN Agr pf... 81 81 ST 81
! 0 Ann Pnu pf. 712 I12 TX y
% ANN sug pf. ..1oG z 1862 los 1os
New-York tribune., 1920-06-29
Miscellaneous OIL Companies
New York City Bonds

Security, rate. maturity Bid. Asked. Yield.
inter tHh isg7.....t..., 3zM D3 4S9
The Washington times., 1920-12-05
IT, s. Business Has
Clean Health Bill
BY JOHN DEARBORN.

CHICAGO. Dee 5.-One of the tenets Of psychology
outlines that individuals having delicate suscep-
bty to suggestions survive others less fortunate perish
Now that 30 per cent of the industrial issues lifted the
Now that 80 per of the industrial listed the
5S from peak figures of 1890 what has happened to the
trader who needed the suggestions from every house
top in every headline and in every endrl of human con
seriousness that period of memorable readustmen would
surely come.
Society in it's modern organization tends toward riot,
mobs, and mental epidemics With socety's development
also differentiation Of economical, political, and
religious institutions, closer detail of circumstances OBJ
tanned and the wide range of consciousness
raced nhbitng nearly all extraneous consciousness The
customs of society imperative and with the increasing
stability of institutions individuality is and more
submerged
Cation of the early psychologists said the vast ma
orty of persons of shrink from the responsibility
Of standing and acting alone; they exa the vox populi
when they know to be the uterancc of mobs Laws
and mobs, society and epdemics are interrelated.
The Washington times., 1920-12-05
WORLD MARKETS SAG.

Under the crushing weight OF eco
monte and political suggestibility.
the markets OF the world have saggei
below a normal line of valuation in
some instances, in others the break
can go further. The contagion has
prevailed everywhere. but it's viru-
lence has been checked mainly be-
cause the fundamentals of American
business show nothing but clean
bill of health. The wealth Of
America rests on the cornerstone Of
the American farm. and gradually We
are entering the era that Will be
known as the agricultural age, an
age that will be sharply contrasted
with the iron age in the division of
results.
Normal social suggestibility accepts
defation with JOY. but the abnormal
elements label these changes as de-
moralization. They cannot see the
constructive work going on. They
cannot realize the necessary changes
wrought every day all over the world
as an amelioriation OF the high
strung, distrauEht world-war situa-
ton when at its height. The duty Of
American bankers, American news
papers. and American workingmen is
very plain. All ranks must join in
The Washington times., 1920-12-05

certainly the producer must not be
cxpccted to carry the entire burden
of production cost, profit percentage
and transportation. Then. again. any
further considerable decline in grain
values may have a decided sentt-
mental and l dare say material
effect on the area to be sown next
wear. II corn must be raised with
out profit the farmer says querulous-
ly why plant any at all?
Therefore danger looms ahead Tor
those who never know when TO stop.
Already n change is noted. The pro-
Queer has rights as well as the con-
sumner. Because a price is too high
or too low for any particular FAC
ton. be it farmer or middleman, Is
no good reason in any premise why
tho American Farm Bureau Fedora
ton should viciously attack Amer
icas remarkably adaptable grain
exchange system. The farmer re-
fused to liquidate at higher prices
md greatly exercised the banks. Now
when all industry is under pressure
of liouidation the banks are tenn
porizinC suggestively with the
frrmcr, easing his prcdicament much
like the method employed for the
automobile manufacturers in some
vell-known instances.
The Washington times., 1920-12-05
RIDE OF AUTO INDUSTRY,

Tho entire automotive industry is
riding in dead calm with no pros
pect of a favorable wind until next
June. The story of the almost in
Simultaneous clamping of the cmer-
genCy brakes to this industry in its
move is recital of quickly changing
economic conditions brought about by
infiltration of social suggestibility
~ to society's moods. needs ana
roiblcS and crushed by the weight Of
liquidation in all parallel business
lines and Ivy tho many thousands who
sought to sell sccond-hand cars at a
aacrificc and high money rates max
ing impractical such further invest
mcnt The hcEira from the City OF
Rubber Akron--has mounted to 30
O0O workers. But the story OF 100000
unemployed there is false, Firostone,
Goodrich, Goodyear. and Miller are
wca altering the storm waiting for fair
weather and pronting by example.
In the corn market there is inn
provcmcnt in Eastern demand and
the foreigners have been bidding for
American wheat rather insistcntlv.
Here deflatior has been carried al
most TO tho irrcducihlc minimum
when We consider that freight rates
arc ftil very high inand 80 pcr cent
h,sh,s than prc-va Broics and that
The Washington times., 1920-12-05
FAULTY CREDIT SYSTEM.

This all shows how faulty Is
credit system which cannot nnance
American industry, which produces
500 900. OOO, 900 OF new wealth In food
and raw material and which provided
Wall street with two and one-half
billions for speculation on forty-two
different days this last year, accord
ing to the report of John Skeitoh
Williams. Comptroller OF the cur
rency.
1t appears that the Secretary OF
the Treasury. the same treasury
which advanced the railroad, Sl'-
sol 500. 451--snd the Federal Reserve
system, which has an unused lending
power OF $4,000. 900 which could be
raised to two and one-half billions.
are both unable to provide few
million for an eighty billion dollar
in -stry. which makes possible our
national prosperity. 49,.
Every day we read OF bank credit
being overstrained,' for farmers,
wool growers, stock producers and
wheat raisers, when we can learn on
the same page of the paper that four
issues Of foreign securities aggresat-
ing $42,O0O,OO0 were quickly sold in
one week.
The Washington times., 1920-12-05
MEN THINK IN CROWDS.

Someone has said that men Thu NIX
I'm crowds and go mad in herds. We
may review history occasionally with
profit. The tulipomania of the Dutch
in 1884. when the whole country
spcculated in tulips; the South Sea
bubble Of the English in 1920 when
the Spanish colonies were touted as
having silver and gold more plentiful
than iron. or the Mississippi Bubble
Of John Law. sharp Scotchman who
established "A trading company in the
Mississippi valley and extended his
scheme to the East Indies and South
Seas promising 100 per cent. Three
hundred thousand applications were
made for the initial issue OF 10000
shares and people OF every rank be-
sieged Laws offices for shares. The
bubbles burst and thousands were
ruined.
From the millenial year 1000 when
pilgrimage epidemic began and 100
years later marking the start of the
Crusaders which history records as
an epidemic costing over 100000
lives right down to our own day, cpl
do mics always have run riot in some
form or other. In 1S57-5S everybody
ran to cover because the other fellow
was observed running and the body
polite became diseased and exhausted.
Today there is no such disease, no
such exhaustion. business compelled
to stop temporarily is well able to
stop for rest. Labor will accommo-
date itself TO other lines gradually.
As the soldiers returned from France.
American cities grew in proportion
and farms continued as short Of
necessary labor as at the time of
Americas entry into the war. Now
when hundreds Of thousands face
uncmployme and the lure OF cities
has worn off a very large percentage
of these men will return to the home
locality satisfied at last they have
fulfilled tn" last phase OF the
Great Adventure. ny process of
evolution such migratory labor
changes will bring the beginning of
the agricultural age. Certain Of these
signs already visible. indicate the
wisdom Of this prophecy.
The Washington times., 1920-12-05
WHAT A COMMENTARY:

What commentary. American
financial support, prompt to rescue
the Cuban planter. but not the men
who produce the food on which we
live, And on the 30th of June last
the assets of American banks ex'
ceeded the combined assets OF all
other leading nations-a total OF moro
than $50. 900, 900.
There is something the matter with
a credit system which works as un'
reasonably as that. Secretary Hous-
ton does not approve of the war FL
nance Board. but we might as well
re-establish the War Finance Corpo-
ration to finance farm exports. We
have got to open foreign markets i'm
mediately to our grain and meat
products.
| have Just talked TO Engene Meyer,
ir. former chairman of the war
Finance Board, and he has oeen IN
contact with the leading bankers
themselves as being in favor II res
tablishing the war finance board.
Furthermore. the Federal larm
Loan Board should have authority 10
issue and sell in the open market
short time securities, based on ware
house receipts, these securities 10 te
acceptable for rediscount ny the ied
eral Reserve banks.
The Washington times., 1920-12-05
UNIQUE METHODS IN USE.

Some industries in the west are u.s.
ing unique methods for combating
periodic unemployment. For in
stance the Harvester Company. once
having only ten classes OF products
today manufactures fifty-four subsid
larry lines. The Harvester Com.
panies employ nearly 10000 workers
of all grades. In 1902 they made
only harvester machinery and OF
course there was always a seasonal
rush and a seasonal shutdown.
Today. by diversiication OF activi-
ties the work is normally continuous
Thus. periodic unemployment soon
may be thing Of the past. tre-
mendous influx Of labor Is noted hail
ing from the rubber and automobile
ccnters, Akron. Detroit. Cleveland
and Toledo and points in Michigan
and Wisconsin. There Is a changing
trend from unessential to essential
lines, seasonal shutdown and possibil.
tiles of the building trades.
Garment and shoe industries are
down to 80 per cent basis. but even
this indicates seasonal check. One
scintillant spot in Chicagos busine SIS
armament is the Western Electric
Company. employing $1,000 men in
the Chicago plant. They are increas-
ing the working force at the rate OF
900 men and women each week TO
meet the overflow of business. One
solution arising from curtailment OF
labor is that those fortunate to retain
jobs are doing better work and
already an efficiency expert figures
the loss in numerical percentage
gained in almost equal percentage in
efficiency results
The Washington times., 1920-12-05
]. s. NOT FAIR TO
FARMER-CAPPER
Kansas Senator Sees lncon-
sistency in Governments At
tude to TillerS OF Soil.
By ARTHUR CAPPER,
4. 3. senator from kansas.

We can finance S26O0O,OO 900
European war; we can finance Euro
pean governments to the extent Of
another ten billions3 we. can supply
more than a billion az funds TO Amer
lean railways; we can furnish month
after month other billions OF credit
for wild and woody speculation.
But we've no money to lend to the
farmer, nor TO save from bankruptcy
the men who have invested their all
in wool. their cotton, their live stock
or their grain, the victims OF car
shortage and demoralized no-bottom
markets.
We can supply Wall street with
billions for gambling; we can fur
nish more than billion in Govern
ment funds to support broken down
transport system; we can and are
financing the profiteering sugar far-
mers OF Cuba during their market
crisis, but we cannot help the Amer
lean farmer, who is feeding our ma
ton at prices far below the cost OF
production.
The Washington times., 1920-12-05
PROF. BELMONT

Noted Ciairvoyant and Palmist, can read
your life by the lines In your palm. which
are the record Of your life. Being a grad
uate OF two colleges OF pa istry, and his
wonderful gift Of second sight enables him
Gives advice on business matters love
health and family STAIRS: tells name Of
your future husband or wife; tells IL one
you love Is true or false; what part of the
country Is luckiest to you: what to do to
be successful in life; removes troubles of
all nature: brings the separated toget her;
tells the secret of having personal infu-
ence with your associates. Prof Belmont
is a Psychologist of World Renown. Read
ings. 81 1916 New York ave. N. w. next
door to Masonic Temple.
The Washington times., 1920-12-05
BILLION WILL BE SPENT
FOR HOUSING NEXT YEAR

NEW YORK, Dec. 5.-The Grcaat
American Housing shortage promises
to be remedied. Not less than ono
billion dollars-and perhaps $1,000
600. OOO--will be set aside throughout
the United states during next twelve
months for housing construction, 1t
Is estimated by bankers and builders
here.
Failing prices OF steel iron. lumber,
cement, birck and other building
materials. combined with smaller
wage demands and plenty ~ cheaper
NOR >c combined. they say To-
)J...i.ug
The Washington times., 1920-12-05
TRUST COMPANIES TO
PAY WORKERS BONUS

Two trust companies of Chi
cago announced yesterday the
continuance of substantial
bonus to employees in recoEni-
ton of faithful services during
the year.
The Northern Trust will dis
tribute a bonus of 20 per cent Of
the annual salary to all married
men and a bonus OF 10 per cent
to all other employees. The Cen
fury Trust will pay a 10 per
cent wage bonus.
The National City Bank of
Chicago has declared an extra
dividend Of . per cent, in addi-
ton to the regular quarterly
dividend OF 2 per cent. on its
capital stock.
The Washington times., 1920-12-05
USINESS AND FIN A n CE
Drury Urges 3-ShHt
Day For Steel Plants


tenn Horace b. Dury recently Of the Industrial Relations
Engineers
Mr. Drury said he had visited
and
he while
be
the
in
In
The Washington times., 1920-12-05

opposing the wave Of convulsiVe, hys-
terical insanity underlying mob psy-
chology in its present attempt 10
stampede American business into "A
depressed state. which II realized.
will be nothing more than disss-
trous mental epidemic.