The Waterbury Democrat., 1934-10-22

creeping bear was at work in thl market, But this was lost In thi chorus Of rosy Feaasnranees whiol ahone ln the headlines, Secretary Of Commerce Lamont told thu world that business was sound
 Bankers issued statements thal stocks were sound, On the morn lng af Wednesday, the asrd, therf
 described C, "a single hsariai note in the news" The market opened with plenty Of good humor, Then aheut mld-m0FnlnG a good deal nf selling developed, Prices aaHged, ny one o'el0ek the do. cline spread t0 leaders like Steel WestinHhpnse, MantaomeFy. Ward, General Electric, That was the signal for The Hood, it must have taken an hour or two for the news t0 get around the country for il was not uniil about two o'clock that the storm broke and the sells lng orders poured In on the aston' hat last hour a,soe,ooo shares "sss ''"
 By evening llpe billion dollars in nellslovs value had bssn aqupese,d out ef lhe market. one stock sank gs points, That nlHhl llshts hnrnsd late ln all lhs alileas lll Wall alEeel The lamens eld nslghhpPhaed ls ordinarily as qnlal ~ night aa llA nelNhher, Trinity phnEehyard, hnt lhls nlGht lha streets Nere alive Mllh hnFFNlnN men, offices crowded With eNer' werkad clerks and lnner panelnMA hlled With groups af brokers and bankers trying 70 md lhelr way laP the mnFrew through the as' founding disaster whleh had de. npanded on them, They dla net see ll, hnl what happened Was clear, Ths HFeat n0laeh hnll Market af nelpln penlldnnwuihat lN9NalF0nh, hNlhaNa mass Af Nlnd, NaleF ana heat ln Mhipb AmaFlea hRa been keomInk Ter HlA years lad aehnllely collapsed,
 In the crowded i've years since that day, Nhat have We Eornollenl What haks We leAlnedf As ene locks haek upen II sepeFal lhlnHs biana Aui, one nf lhem A ihRi lhs Amerlean lnFssllnH public ln Ihn 6IK ysaFs proceeding lha crash says ihe most ans NnH lnesnhfn ef InHlnalhle hllndaeas lha blindness Df ihass who VIII not sec
 First al all, ll was peEfeeIlg eleay lhAl klepk pllpeh mhnl nnllAnsal A
 eag hefelal lhe pphlla NaA NhEnsa hy lha JpulnAl hI nommeFeel ne p0nlmapalAl And Flnanplal phFnnv lela ana elheF phhaFlaEs lhas prices pgl.. 2 Nefe .plleFlk. pnl aI llnAl phss New Work flmAs lnank Fgpnglpa lhe .AveEhHa p!les ~ fsl. leaalhH blneks lhpn hl Nhel ..fpl m lhA nest lesp anelher hllllen gelIhEs lRlnallNn vas hlANn lnln unllsn nlalsH bleell 'fhh MaFhal fAlpa sI Anaeehda has pAAhtta lp lfpnl tak billion le llghh Mllllan, AnelhnEl lNn hllllAn dollars ,ae nEeall Mhs ppnlnHa mo Mhll psFpeh The kFaTaee Of lhass Any leAaNs siaehh gss sgs z. .lgsAh h le aha,a.mn. s'naa1hss Nhen iha aYepahh lhlfl Nah sbD NhAI A0nla he bala fAF lbenl \ llAr lAlh Nhan Ihek MhFs " Ang AeHQhrpa hnalher lNn hllllens nl pleAHF th hNlh V nlhllnhilhlb k1l nnf lhlE ehhhkNg Na .nnp, Vhlanah lha hllMner hf0kplsl iAfhRHs ilpIiilMibl uaN mAaAi hNflHl ionrnallHlb Apa nFnpaeAnAl h INlIdh' ka"pb aM6 Ms'issllSa iilhhie And aa m ihe knDlnpl nl lpeaf bfpamA ebhllnhea lhAl ne h'iaA sss apgF p 9sea'
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