Show RECKLESS SPECULATION Salt Laker Urges Conservatism on Part of Marl Market ct Operators In the New York World of the just two days before the big bank fail failures ures In Chicago Willis S Me Cornick who is now engaged in the stock stockbrokerage stockbrokerage brokerage business declares that the present is a time for conservative ac action action tion on the part ot of speculators Ho says that the tho grave possibilities which to today today day confront the business and financial world are aro being met by eXhausting bank reserves by wild and reckless speculation and ond urges that actual val values valnes ues nes ought not to be threatened or do by those of creation Mr views are given n a prominent place In the great metro metropolitan metropolitan politan paper and In the light ot of what has been happening sInce In the spec speculative speculative world hIs utterances are shown to have been if not well heeded Here Hera Is what he said It Is almost useless to repent repeat the great song of prosperity that we we hear hearon on aU all sides We are nil all familiar with the tremendous crops and the high prices at which they are being market marketed ed ad It would therefore be but dry rep to go over the grand march of prosperity which Is carrying us on The liThe very fact however that present conditions are regarded by y all to be Ideal emphasizes the fact that perfect conditions cannot be Improved upon While for tor the next five years we shall undoubtedly have a great era of pros prosperity prosperity the will wUl not show the steady ascent of an Inclined plane pIano While we have no indications at present that our prosperous condition Is on the wane we must remember that the very time wh n a 0 decline Is nearest at hand is when w we have attained the highest point of prosperity The pres present eat ent speculative fever feer regardless or of aU all dangers is a source of deep concern to all for tor it must Inevitably be followed by disaster The present condition in Russia re resembles resembles to such an extent the period preceding the wrench French revolution that in the light ot of all historIcal precedent we can only expect a state of anarchy and at least temporary financial dis disaster disaster aster to the empire No such calamity as the one which threatens Russia I could take place without shaking the money centers of the orid Ye We are preparing ourSelves for tor these grave possibilities by exhausting the bank reserves with wild and reckless speculation The present Is the time tima for conservative action and let us hope that actual values will not be threat threatened threatened ened or destroyed by artifIcial crea creation creation tion 00 |