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Show FISH AND IIAnnillAlI. . . ; Mr, Stuyvesant Fish lectured before the students . of the Pennsylvania university, the other day on "Faith, the Basis of Finance." In the course of the address he referred to the panic on Wall street ten days ago. Mr. Fish said it was not President Roosevelt that caused the panic, neither was he the cause of the depreciation of raik road stocks. He declared that the lack of confidence by the public in the integrity and honesty of railroad directors was the cause. Further, he 6aid that the investors in-vestors in railroad stocks the people at large, had lost faith. . ; v . - His explanation does not . explain. If the investors in-vestors in stock had lost faith in railroad securities enough to precipitate such a squeeze as that was on Wall street in one day, they would not have regained , - their confidence and restored the market the next I day. We presume that Mr. Fish knows that the J whole business was a deliberate attempt, on the part of Mr. Morgan and some others, to put Mr. Harriman out of business. And when he speaks of the stockholders stock-holders having made the panic, in his secret soul he, no doubt, refers to those two who are large stock-' stock-' holders, especially at times. ' Further on Jlr. Fish denounced the methods of certain railroad magnates, and it was clear that his whole address was aimed at Mr. Harriman. But the publio will remember that Mr. Harriman testified that when Mr. Fish, while president of the Illinois Central, became himself so involved in stock manipulations manipu-lations that he, Harriman, loaned him $1,200,000, which he kept a year, and they will remember that Mr. Fish has never denied this statement. Until he does he ought not to take the stump to denounce Mr. Harriman. And then his sympathy for. the stockholders stock-holders of the Union Pacific is a little far-fetched, be rause through Mr. Harriman these stockholders have had some worthless stock made valuable and they have received regular dividends on stock which, except ex-cept for Mr. Harriman, would never have been worth ne cent, and beyond that their stock has a legitimate value on the market today vastly greater than when Mr. Harriman took hold. Evidently Mr. Fish is a ' disappointed man, and like other disappointed men he has denounced even those who have done him favors in the past, which down deep is about the . meanest trait of our whole human nature. |