| Show PROVISIONS FOR A PANIC Need Legislation to Protect Solvent People in Storm CONGRESS CERTAIN TO ACT No Flexibility Now ta Our Circulation MediumI I Financial Bill Is Therefore 1 Sure to Occupy a Great Deal of Attention Atten-tion in Coming Congress TIUBUNIp BUREAU i 1417 G Street Lit i Washington D C L-it 11 I I Although PresIdent Roosevelt will call tho special 1 session of Congress which Is to convene early next month for the purpose pur-pose of ratifying the Cuban reciprocity treaty and lie enactment of a financial measure It Is believed that tho latter Is regarded by him nu paramount Recent depression of the stock markets the lowfbb tide of Industrial Interest Iud the fact that many bunks have practically prac-tically quIt making loans while all have declined to enlarge their loan lists have attracted serious attention here Wo arc undergoing a cancerous llnunclal condition condi-tion Gradually tho best Interests the prime Investment oapoclally the Industrials Indus-trials and In many Instances railroad securities se-curities have declined till they have reached what should long l ago have been bedrock bottom But still they go down The terrible depression of the steel stocks has created a furore The steel companies arc doing as good bualncas as ever but for eonc reason the stocks continue to de cllno till they have gono down to one fourth or half what they were worth a couple oC years ago Some legislation no one seems to know what Is to be enacted which will make It possible for solvent Institutions to tide over a storm If they arc willing to make till sacrifice At present them Is no flexibility l flexi-bility to our circulation medium no provision pro-vision for a panic It 1 is bollcvcd tho financial finan-cial bill will occupy nearly nil the attention atten-tion of the approaching session Tho leaders of the Republican party realize that If this depression continues It will finally bo ruinous and that tho party lit power will be held responsible at the polls next year whether or not It Is In fact responsible re-sponsible |
