Show BIG CRISIS NOW DUE Stuyvesant Fish Says Are Many Indications That it is Imminent CAUSES FOR DEAR MONEY 1 Election Shows Temper or of cn York People lc and It Is 15 Stronger Elsewhere New York Jan In II a statement wrItten for fol the Journal of Commerce declares IL a great indus industrial trIal crisis Is due and hero thero are many indications of Its being De Despite the unprecedented output ot of gold Mr FIsh writes money Is dram deal the tho world over und amid deer because e o of high prices und and activity In trade trude Other causes for dear mane monsy are ure found tn in the tact that Great Britain has not fully made up its losses Inthe In the Doer Boer car ar that Japan and particular particularly ly latter latter hlll have scarcely begun to recover tOm from this the ot of their Will war and that wIthin the past year ear thew have IHO teen been n tremendous losses of capital l duo to the Ile calamities In San Francisco and I Turning to our own countr country Mr Ir Irl Fish h writes that New York especially that l part art ot of It known as Wall street hits hIli I absorbed and Is bing more thou thun I its share khare ut of the fund I II I Of the stock exchange Mr 1 Fish SI says The New York Stock exchange line has I teased eMed to bo lle n a tree f ree market where Guy huy Guyens ens elS and sellers fix prices through the ebb obb and flow ot of demand und amid supply I and has become the tho plaything of u 11 few tew of cliques and pools to such I Ian ian an extent that tor or months past livery every I announcement of Increased dividends of e stock 8 dl a o n s lUul a u d ot of right a has hus been heen met inet by a tall In prices T rho ho are and remain j nut of the market hot 1101 of ven lurcH trea In Industrials In electric rail rall railways ways wars or In suburban teal leal In each o of which was n checked months yet because I of the more morp recently t bubble In hi mining shares hut but ply because of oC the distrust which even those pos possessed l of f um ulc means have Ot of the methods of corporate finance now It III vogue ogue In Now New York That shares this distrust of those methods method Is shown shawl hY by Its Ita outcry the tho jots mis misuse use ot of American finance hills Ot of the political Mr DIr Fish says that so 50 fur us as the tho po political political parties are concerned no can arise before the con contest contest test of 1003 lIe Ile says further I tale take It however that your In Il quIns as to n political apolitical orals relates to other matters and In sense a po crisis Is due und and I think coming on Indeed It seems to me un that we Ie nl ready are embarked on 1 it long needed moral financial reformation which like the reformation rot of thu tho middle ages will through much cruelty work out good In the end To 10 the need of such n a reformation the tho pUblic are arc fully awake The election Qt of Mr Mr Fish says sh shows ws the te J er of the tho I people eople In this state and lie he declares Ills it is vastly stronger elsewhere The selection by Mr Hughes of Mr Ir Keep us superintendent of banks 1 proves according to Mr Ir that the governor recognizes the public demand for fOI moral financial reforms President and hiS cabinet he sayS arc ure ed In this respect Wo Vo n as asyet yet see but the beginning Time will work conclusIon out the end wrItes Mr Ir FIsh In I |