Show HARRIMAN HAS SPARE MOMENT Union Uni n Pacific Magnate Utters a Few Words of Wisdom to Reporter in Chicago HAS NO FEAR OF PANIC MERELY A HEALTHY PERIOD OF REACTION Chicago Oct 17 Money Is j like a li II liquid liQuid quid The moment you place an obstruction obstruction tion Uon In front of or it It It causes a diminution of the flow This ia la one of the new financial aphorisms aphorIsms aphorIsms isms to which Edward H Harriman who came to Chicago to battle with Stuyvesant Fish gave utterance when asked to ex press pras his Ideas upon the future of or the country This obstruction said the Napoleon of or railway worlds world has been placed In front front of the liquid stream of or money and It has already caused a serious check In Its How flow This obstruction Is the hension which has run like a prairie fire through the land and has permeated the minds of ot tho people This apprehension has lIas boon been caused partially If Ii not entirely by b the tho agitation against corporations In general and railroads in particular and It will last until the tha people awaken aw ken ot the fact that we must have hae a saner com corn comprehension upon these important sub subjects Money Panic Unlikely Asked If Ii he looked for tor any serious effect I from the rapidly rapid changing conditions In Inthe Inthe inthe the financial and railroad world Mr Har Hal Harriman Harriman i riman replied No I do not I think the country Is too great reat and too prosperous to have haven havea n a money panic I should rather think that Instead of or heading toward a panic we are entering a natural and healthy health period of or reaction Jf If we go through It safely and I am certain that we shall do doso doso doso so we will sail smoothly and calmly calm I into more moderate times Umes when we shall live slower and surer and saner Air Yr Harriman was asked If Ir he really thought that the alleged alle cd difficulty In rals rais raising ing capital was wan not largely largel In the Imag of those who gave gae expression to toIlie tha Ilie thought F Same in All Lines By B no means he replied The difficulty culty in raising r money not only for rail rall railway railway way wa enterprises but In all lines of or busi bual business business ness Is a real and not no a fancied one Ask any merchant whom you should chance to meet why wh it is that he Is not carrying caming such uch a large stock of goods as was his custom and he will reply that it is be because because because cause of or his Inability to raise sufficient capital or to carry a larger stock There is a general lack of or accommodation every everywhere ever everywhere where In the United States and it is not confined to this country 1 I do not fear any an serious result how however however however ever because It is claimed that liquida liquidation tion practically has taken place on Wall Wallstreet Wallstreet Wallstreet street and people after alter a time will wiil real realize realIze realize ize that a large largo part of or their apprehension sion slOn is groundless and that they will real realize realIze realIze ize also what Is of or vitally more Import Importance ance that the time has come for co cooperation cooperation cooperation operation between the tha national govern government government government ment and the railroads and other corpo corporations corporations corporations rations and also between the state gov governments governments governments and railroad and other corpora corporations corporations tiona |