The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-10-05
"Cm't Keep UP With 1t"
Rv J. j. MARONEY


tFormerly Editor Okmulgee DemocraD.
Il can't keep up with Il. I'm
Ike Mr. Duoley said in the days OF
the Imperialism issue when he SAID
ne did not know whether the CON
situtmn followed the flag Of the
fag followed the constitution. The
constitution. he said. had been ac-
curing habits of speed which were
d.sconcertiug to him II used to be
a home.staying sort OF family consti-
tuition but it was going too fast for
him Of late.
I'm one Of those many who had
faith In the business coming back
but dared not set the date earlier
than about midwinter. Not because
OF conditions within the business hut
because Of general or, as we are FOND
of putting il lately. world conditions.
Many OF US never believed that there
was justification by any conditions
in or out of the oil industry for the
slaughter Of values put on by the
market powers in the early summer.
We could reason but one way, name
ly, that q was part OF a big play.
Very big loans taken by the big
house from the public by preferred
stock and bond issues and from the
federal reserve bank through the big
house banks thus achieving at least
two objects plainly in keeping with
the big play idea. Those two were
the drying up Of streams ot invest
ment capital for all others who might
need IL. adding TO and aggravatlng
the shortage Of money and on the
other hand having immense reserves
OF this boarded money ready to use
IN the purchase Of properties at the
slaughtered values arbitrarily s"t by
the hand made market.
we who are disconnected by me
suddenness of the change may kive
as our reason that the grand uhiac-
tive, the extensive purchase OF prop
} critics was not accomplished. The
reasons setting against this seem 10
be numerous.
There was the collapse Of Mex
leo; the failure OF the administra-
ton at Washington to revise the in
come tax law so as to make sales
possible: the constant, though Lnre'
ported slipping OF production, "spe'
Cially In the high grade oils the in
sistent though gradual coml-bacE
Of business generally which porterd'
rebound In petroleum consumption
which must be provided for: IN,
wonderful capabllity Of the indepen'
dent refiners TO anticipate the re
vival Of business which the big house
with It's old time mixture of slug
gishness and stubhornness refused q
admit and had it's face set against
these and other facts of most inter
esttng kind seem to have. eNsrte1
pressure which even the heavy fit
tlngs in the equipment OF the bil
house could not shut in longer. Their
are, after all. frequent reminder
that the line Of Burns applies 70 bis
and little alike, the best laid plan
OF mice ana men gang att aglay.
There are some valuable lesson
Tot us all in the recant experience
Ihey are too good and too lcngth'
Tor a young man Ike Yours Truly I,
sound of to you old heads. All right
toloncl we'll drop the question o
age, But I'll say I'm young CnOuGl
ana 80 are lots of my friends to TAX
some advantage Of those lessons
one I'd mention, is that the day IA
teen fastened by holdlrG down on
Iauons. We should not let go OF
Ih0l but as far as possible contlnu
good thing.
Another Is 10 keep the inforna
uoh system going winch ind'pe9d
elG have built up ami o. strive 70