Evening star., 1923-04-04
EDITORIAL DIGEST

balance of his own. AS fast as Wall
street sold he bought; and now he
insists that the street must deliver"
Since, the Grand Rapids Press adds,
Saunders they must pay his price,
as in the famous corners of the past,
either out of court or in ii. And the
best of it," the paper concludes, "is
that Saunders can leave with the odor
Of sanctity, , as .n one admin, administeTing "a,
Is "by no means sure that Mr.. Saun-
ders will collect on his killing" he
has, at any rate, shown up Wall
street in a somewhat ridiculous light.
modern version of the mythical fell
low who broke the bank at Monte
Carlo"
The Waterbury Republican is not
inclined to be friendly to Mr.. Saun-
ders. From either the personal or
the general point Of view" 1t finds
the "Piggly Wiggly scandal deplor-
able. Even if he succeeds in forcing
the shorts to deliver at his price.
Saunders will have degenerated from
up large and prosperous business
by sound business sense into sue
cessful stock gambler" However. as
the Atlanta Constitution interprets
the affair, Saunders merely had the
choice Of being ruined by the drive
outwitting his opponents with his
foresight and judgment" and the al
together unlooked-for~"abili to ac-
quire the $10,000.000 in cash necessary
to arrest the precipitate bear plunge.
The public in general, the Arkansas
Democrat (Little Rock) thinks, will
feel that the gamblers in Wall street
were walloped at their own game
and will shed few tears. Gambling is
gambling, whether it is craps shoot
"a
public is not given to wasting a lot
of sympathy on folks who wall when
they are walloped." The Norfolk
Ledger Dispatch feels scant sympathy
for the raiders who are "howling for
help and yelping about the cruelty OF
this Tennessee brigand who came up
to innocent little New York and mis-
treated the poor, harmless tinhorns.
of interest and speculation to num-
Der of editorial writer's. He has had
his play in Wall street" the Wichita
Falls (Tex) says. land he says he
Is through with stock speculation. II
he can stay with this resolution he
there are few men who can make a
cleanup and stay out. The lure OF
the street brings most of them back.
The Durham Sun also suggests that
"if Mr.: Saunders is as human as we
suspect he is Wall street is looking to
him like his melon, and he will be
back there before long" while If, on
the other hand. "he is a man of great
resolution and more philosophy, he
will now put his gains in tax-exempt
securities and live happily ever after
Discussing the action Of the gov
ernors Of the stock exchange in sus-
pending dealings in Piggly. Wiggly
stock and granting SPECTATORS five
days instead Of the customary twenty
four hours in which to deliver stocks
sold short" the Quincy Qll.) Whig
Journal points out that "it is with
such so-called abuses as these that
Samuel Untermyer expects to deal in
the Lockwood BILL" which would pre-
vent "the stock exchange from MAX
ing rules and regulations through
which in effect it makes prices. About
all the public gets out of It." the
paper concludes, "is some education in
the ways of the financial world" but
the Topeka Capital suspects that the
incident may revive the agitation for
incorporation Of the New York Stock
Exchange, an institution Of vast con-
Germ to the whole country, yet wholly
self-governed and unregulated."