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Show Forney's Ideas. Washington, 21. Forney's Sunday Chronicle, Kopublicnn, in an editorial editor-ial on the present financial crisis.says it appears" evident that the terrible results of fric panic now upon us might have been avoided by timely by action on .the part of the secretary ofahe treasury. The currency cur-rency balance on hand, according to.TueV daily ensh statement, was quite large,and Secretary Richardson, on the day that the failure ol" Jay Cooke fc" Co. was announced, was urged by parties, who knew what the efteet of the movement would be on the money market, to put out some money in the shape of purchasing bonds. The secretary did not know what ho could do, In ftict he did not comprehend the situation. It was as .easy for him to purchase ten or fifteen millions of bonds on Thursday as it , : will be two weeks hence. That , amount of money thrown upon ft tight money market would have reached thousands and have prevented pre-vented a number of suspensions. We understand it was not until Richardson Richard-son was ordered by fhe President to purchase bonds that he issued an order late on Friday night. The opportunity op-portunity to do good had then passed. The experience of last week only shows the necessity of having a statesman states-man of financial views in the treasury. |