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Show ' : m t Y. Mill EM prosperity. Our mines, our great crops and our live stock Interests have brought this about. The East depends upon the West." - While In Washington, Mr. Cosgriff interviewed United States Treasury officials of-ficials relative to banking interests. From Washington he went to Palm Beach, Florida, and thence to Havana. On the return trip he visited hia sheep I ranch near Rawlins, Wyo., and reported satisfactory conditions. "Prices for wool," said he this morning, morn-ing, "X predict, will be as good this season as last, when it brought 22 cents a pound." ' V " Seldom does a man see the inside of the New York Stock: exchange, that mart of the world upon which, depends the lives and loves of men, unless he Is either a member or else Introduced by a member. And probably but once In a lifetime does a man see the New York Stock exchange in a genuine, dyed-in-the-wool panic, the kind that sets men crazy and beast-like, the kind r that makes and mars men. This is what J. E. Cosgriff, president of the Commercial National bank of this cit3r, and head of a chain of many financial institutions, saw on his recent re-cent visit to New York City. He returned re-turned yesterday from a six weeks' trip, including Chicago, Washington, Florida 1 and Havana. It was on that memorable March 14 that Cosgriff saw the mills of the gods ! grind rapidly. "It is beyond me to describe the scene In the pit," said Mr. Cosgriff today. to-day. "I don't like to think of it. A variety of circumstances combined to make the panic. - Then a number of shrewd speculators stepped in and took advantage of the shaky market, and shook it harder than ever. "But with all the unrest and the disquietude dis-quietude and th,e anxiety attendant upon up-on the panic, I take notice that staple stocks, such as beef and breadstuffs were not in the least affected. It was those stocks and bonds in which speculators specu-lators deal, that alone suffered. Solid, steady interests were not in the least affected. "The men -behind the recent panic are known, bnt X would not like to say. who they were, because I am not certain. cer-tain. Neither would X like to express an opinion as to their methods. "Railroad stocks in particular were depressed, but recent reports show they have materially recovered. In New York the furry in the market was called a 'rich man's panic' "Conservative Interests all over the country were not In the least disturbed by the panic' "It did not affect the West at all, in so far as solid interests were concerned. In this connection X wish to say that the West was never in better financial standing than now. "In recent vears the West has loaned money instead of borrowing. People are coming to the West for money, when a few years ago we were compelled to go to Wall street; Things have changed. We are practically independent of Wall street. Its storms and calms do not disturb us at all. "This enviable condition of affairs In the West is caused by unprecedented |