Show 4 WALL STREETS COLLAPSE ALL LL is s having an ex experience W Vu f akin to w Matt Is 1 sports aa at s or the morning after Having ed the e lambs and aDd salted down clown their hides for tor quite a period parted the tM War big operators rs on stocks began be u to think they disy JIM had a cor corner corner corner ner in Ia the tilde hide market and could go 80 on Indefinitely with their pleasant diver diversion Mon sion Now that a day of reeks reckoning sing Ing has hu come and aDd they are losing their own wool they weep and watt wall and 84 as a though disaster d oiled entitled a them to 0 sym pati pa y Whoa When tte TJ United States State Steel a corpor rJ corporation Or ws war floated boated tile the was hailed ha a at one of ot the tIIe great Mrs udal etal operations oper of the age and Mite Uke some other oth operations u it was entirely suc ne successful m m l AllIe Aire the patient hat has come near DeM dying as a la Ja ether successful operations If the Ute stone same plan had been followed fallowed by ItT other men namely Dame to capitalise assets ts tsat at three or four times limes their actual value it would i ouM have haft been caned called by an entirely different rent name So 80 with other large lam Industrial st operations the only pine gamers were the themen themen men w who ho used then reputations as hon honorable honora honorable ora ble bankers banken and promoters to foist upon von a credulous public J securities that they thy themselves were unwilling to hold holdas holdin as investments in In n all of ef these cases the plan was a avery avery very v ry simple one ire plants were bought Dought formed into a combination tion tin n with an actual or prospective m the whole capitalized capitalised fo to fono no many my trines times its It actual worth and the si Sf c unties unloaded on the investing in eating or orE E public The scheme Item worked v ry well as long as a the monopoly held 6 b rd d or the investor was unsuspicious I 0 o his hb hi gold brick But the moment t ire rt was an indication that the people I It t re r restless naU about the monopolies of ot and investors began to stud study heir fir ir holdings the balloon deviated deflated ani anie e cue ow was certain to ge get et hurt I Unfortunately L this time a M hood god od many manyu manyI 1 I u na i ent m n and nd women huc suffered ah h 11 the th guilty guit Most of the great v Me are backed b by such hon honI I 0 abl bl names md nd alluring prospectuses j tu es 1 tat ilat the they were T bought by those win who h Id them fo to legitimate return returns Fo For thorn there cnn t an n be nothing but s sym ui t j thy while for the gambling ambling I 1 tor lor there Is hi a i reeling lIng that he has go goI I s just dese deset t Prices s now are down something like a legitimate lp basis ba 18 td J are not nicely to d decline much h fur furi thor i r but it is Inri to si J that Mor Moz Mort Moza t a m of or monopolies will be e a dead Sr ry for some son time I ito to come lioan l the business 8 world is isa watching a hing u the trend of ef f th the thes tm e es The he ue wet west t is in COO d shape becat be beCa cat Ca o ic i aE mv iQ Uneata tc or as speculative ventures w have baYS p the great t issues appealed to the te 1 acIr In the l later ter I In tain tn n i the heals baa tf business lia a be been n co cr e managements man management te and a fair capitalization Utah an and Ida Idaho ldah j jare are s fortunate in m that they the a u ar of ofa ofa ofa of immigration feeling the impetus a most desirable class and of the only oat large railroad construction under way IP Se the w west st Where ere the wealth comes from fromn th the soil soH and the mines as is it does here the ordinary derangement of speculative e undertakings tag can hardly be felt for which we have ae cause to be duly thankful |