Show j. j Finan i I REFERENCE DEFERENCE made in this column yesterday anent the floating loan of t the Pacific Fruit of a by e Express company company com corn pany as proof of the fact that money is obtainable for the th expansion si ion sion n of the business of any industrial institution is s considered by bY financiers financiers and ami the investing public generally generally as 4 essential and and logical gi al w was s written before the complete d details tails of othe the transaction r. r w t re received 1 It now appears tl that at the transaction was one of the most rei rem remarkable re- re i m of its kind ever c completed in in the United Sta States Stases es Later LateT i information formation discloses that the which is in the form of equipment t certificates carrying 7 per cen cent t interest was oversubscribed scribed in a single day dar to the extent of the enormous 0 ms' ms sum u of oo or six times tunes th the amount of the loan sought S JL v 1 This ihs s circumstance should be accepted by the j niost pessimistic as a a. a con conclusive argument against the t ory that a condition Iiron of acute acute- financial stringency exists m in the United States is' is t true ue and doubtless tile the prevailing situation will conti continue ue for for e time that a halt has been called upon expansion in iii but it is equally true that hat any ion will have no trouble in finding the necessary necessary amount of money i its l vv Jf 1 In In Ina a smaller way but to io an extent confirming this theory jas t the e sale just completed of of common stock of the American Americ n W Woolen comp company ny for which subscriptions we were received re re- totaling twice the amount of th stock offered t 7 These incidents together with m many y similar ores ones of re rece recent ent t date at m make ke most appropriate this declaration tion of of the he head d of a a. a great i American i f e ica industrial institution upon his is return from Europe a afew few J Says days ago t f to If t the e American people eople would stop t talking p panic nic and go go gofa g t to fa 1 q k they forget ab about t the the panic that hat some ome o of them im imagine g ne see coming Europe i Is' Is rapidly recovering and is industrious 11 and and nd America is doing entirely too much worrying ir 1 r |