Show An Expensive Lesson Th The Tha recent market break ch chr- chr chir 1 as is t the ht e mose severe se sine since the panic of 1914 1 has taught thou thou- th u- u sands an expensive l lesson lson son The prevalent practice of oi buying storks on lean lenn margins by persons without reserves to weather reverses is basically unsound Leading finan financial cial authorities and major stock stoc ex- ex exchanges ex exchanges changes chang and their members have con con- continually warned and ruled against this Even margins considered safe did not stand in the late crisis speculators The fact that sighted short latora have been wiped out in th the general decline is no argument against the institution of or modern corp Corporate rate finance Our progress is 19 made as more of or the public c income finds its ifs way into business Investors who o own interests in standard es- es established established es established industries bought ht through recognized brokerage channels on values nothing rather than have have noth noth- noth- noth ing to fear |