Show V TO RESTORE CONFIDENCE How can confidence be restored is asked on every hand that confidence which will be an object le lesson son to ro the people which will ill gi give e then them the cour cour- V age to believe that the financial troubles are really over and that it is safe to make business arrangements arrange arrange- ments accordingly It seems to us that the first essential essential es efi- es- es s is to convince the people that while New York b bankers in a scramble have been negotiating to ge get I some 50 in from Great Britain and und the con eon there has all the time been twenty times 50 locked up in the strong boxes of this country country coun- coun try and that the bringing in of foreign gold has been beena a p poultice merel merely not a remedy But the next ques ques- V lion tio is U How can this be done 7 To give the national banks the needed elasticity to issue large amounts of notes in times of crisis anc ancon and andon andon such terms r b be just have the on as ma may government government govern govern- ment guarantee those issues would help vel very much The government from its revenues pays out ont per pel annum It has its treasury and sub sub- treasuries and here and there throughout the coun- coun f try it if makes a national bank a depository depositor V V Why not make all the national banks depositories and and call upon the people to cash one thousand millions millions mil mu- lions of its bonds to make up the sum Rum needed bonds payable in one two Iwo and three years V Or why not issue issue demand notes drawing inter interest st like tho those e first issued in the great war to circulate as mone money r and call for gold to pay for them 1 Better than thin all would it he be for the 01 or V Pennsylvania the Northwestern or Rock Island the Union Pacific and old Central Pacific to sell 40 per pei percent percent cent of their holdings to the government g giving ging ing the g government proportionate representation in the di directory directory directory di- di rectory of said roads This would serve a threefold purpose e. e It It would bring out ont the money mone- now locked lip lJ 1 by millions ten and hundreds of millions of dol dol- lars It would show that the government has no de- de Cripple any railroad I It would stop those who have hayo been craz crazy r to unload unload un un- load railroad stocks and bonds and give them the courage to buy more It would do more still It would result in making making mak mak- ing lug the government acquainted with ith the thc business of railroading and the perplexities that encompass railroad man management gement something that no of officer of the United States from the president down knows an anything thing about now Finall Finally it would insure such betterments to the roads that they would be able to handle the traffic offered something which they will not be able to do in two ho or three years ears more a as a's things timings are arc now drifting The thing especially needed is not to scheme to draw more gold from across the time sea for all that will wilI have to be returned but to bring out and put hr in circulation the va vast t sums that the people have through their fears been locking up ever since stocks s and bonds began to shrink in value last win win- ter |