Show ft RETURN 1 TO RS SANITY TX While the tI N New ewy York financial re Fe reviews rel views l j note with regret the th absence b of th the general ge public from speculative op operation era t conservative rv dv business gs men raen will IU recognize i o this le feature as a 8 factor to 5 KS r t o V 11 I Il t tf l 1 1 l t f f of safety In the restoration of ot normal normaJ conditions throughout the financial world One of the chief causes of r the breakdown last fall was the absorption absorption absorption tion in speculation of funds that should have been retained for commercial busi business business business ness operations Even Een bankers of the west found such a demand for call money at high rates In New York where It was used in speculation that they depleted their reserves and cur curtailed tailed the funds available for their home customers in order norder fo to make quick i i profits on speculative loans east eist inevitable happened when the panic came western banks were un unable n able ble to draw on their eastern funds the commercial world found Cound itself confront confronted ed with a call for payment of oC obliga obligations obligations obligations and most concerns in legitimate lines were compelled to reduce the vol volume volume ume time of business In order to meet de do demands demands mands on them When the general pub public public public lic stays out of Wall Vall street the coun country country country try is so much the gainer even if It the stock gamblers do suffer sutter Aside As de from the evils of ot margin mar operations which always result in loss to the uninitiated the average man who speculates draws his money from a useful purpose and ami the whole community In which he lives has just that much less lesa capital lor or business purposes If It prosperity Is to be restored prompt promptly ly lt will be by just such methods methods as aswill aswill will keep the public out of speculation Economy careful scrutiny of credits credit safe sate merchandising m and manufacturing are incompatible with such it craze for Cor gambling as swept the whole country In 1906 and part of of 1907 the return to tosane toane tosane sane ane methods is the best promise of ot better times and the louder the wail from Wall WaIl street the sooner may be ex cx expected expected a substantial revival of ot the pro production production and distribution which are synonymous with real prosperity |