OCR Text |
Show Ileton'l Illirotrr II. Jf kv Vomc, Sept. 17-The HorW has bad a long luurvlew with Jay Uould. Ha don't think there has been any actual tlnancialatringency. The truuble has been that the borrowers bor-rowers tried toelleet loans on non-dlvideud non-dlvideud paying securitUf. and ntiatevir strirgency txUteu was really confined to sjieculatlve operations. opera-tions. Hestcs nothing in the stock market to excite apprehension. There Is no cenrral inflation and he thinks values lend upward rather than downward. Excessive rail road co us trucUon need not bo feared. There won't be much railroad building build-ing as long as inimical legislation couUnues. |