| Show WUa ew York Tork Three points stand out In the various views expressed as to the disturbance In Wall These are The IM rela of the government to the local money market and the degree to which the tho treasury can and ought to come to the relief ot of the market the tho tion In with Ith Us its on general the relation ot of the tho currency system to business As to the Mr tr Ga Oae has hns done all that he can do or can cun be asked aked to do lIy by Qt f fering to place plue In the banks the Internal receipts amounting to a million a un U to thirty million It must be borne borna In mind however that this Is only against the effect of at upon tIpon general business Cleveland l competition for loan Able funds fund hR has for forced up In New e York and made banks care eare tul ful about c their favors to borrowers together the tho situation II is but It ought to bt be possIble to the troubles s which so a farm orm on Monda from more than n a st stock k exchange PAnic All As long na as the gen etal industries and business ot of the country arc ro not the nation afford to watch the C In Va Bt street t with more curiosity and disgust than fear or sympathy Gain Gani biers must expect to suffer sutter the losses sad ruin the invite Philadelphia lruTh Pr Th result was as nl needed e 1 to call a lI per r e tor halt upon UllOn reckless Invest In thins he those who have mone money wm will bo be to In invest t only In Indu traI and other ol which can undoubted d earning to xay fair returns upon the tho Invest Investments investments ments There will IIi be continued liuI dation until we reach a 0 sound level Iet In our securities but now Indicates that we haxe hao passed the tho of tempestuous liquidation and henceforth sound securities will cill steadily and nd unsound securities ties tics ns ne steadily decline It I a hard lesson but It ha had to come and the sooner we learn to accept It In the full measure ot of Its the sooner will wiil disasters cease celUe New York Press There never has haa bean such 11 a wide vIde distribution of money legitimately and paid out The Tho natIon has never fared so well ell as It Is faring now The panic Is a 0 purely speculative panic cawed by an excessive ot of stocks which have been plied piled upon the tho market mark t and bid up before the public had any ny Idea ot of what they were No matter what their CRuse cause panics are but a 0 which Is the least harmful of nil all Is such a one as has just shaken the speculative market It touches the country at large hard hardly I ly appreciably Many ot of the values which are said to have hac been wiped out have hao not existed at all 1111 In fact They were ero pure fiction fhe vast capital ot of the co country Is still busy still earning enormous returns and paying lag Ing wages |
