Show THE FINANCIAL SITUATION THE effect upon europe and america of the tight financial strait of baring bros of london illustrates the liability of the civilized world to be in ia a financial crash when one great house is in jeopardy the whole business structure is thrown into a tremor of ex cit ement and panics spring up in every direction this universal dependency in the business world constitutes the chief remon reason for the strongest concerns con cerus rushing to the rescue of those that give evidence of a liability to be swamped unless assistance is ax te tended if large firms are not held up when their existence is in jeopardy the strongest are in danger of being drawn into the maele maelstrom that ensues when there are such morbid as those which were exhibited a few days since in europe and the united states they are generally premonitory of something much more appalling they mark the presence of the fever that is sure some time to culminate in a general way before final subsidence but as a rule men act in ia relation to the natural effects of public financial maladies s they do with regard to the ailments of prominent individuals vi they blaey invariably push out hopeful bulletins even to the fojut n the patient is in the throes of death rhe fhe truth is distasteful when it forebodes foreboder fore bodes disaster and there is a natural disinclination to believe it even when the evidence 1 is beyond reasonable doubt hence most of the great financiers financier 3 are asserting that the crisis is over it may turn outs out however that the crisis has not yet been reached it is only a short time since so great a man in finance as jay gould asserted in answer to a question that there was no BO proba billLy of a break yet the conditions which presaged that of a lew few days ago were plain enough their exist ence prompting the putting of the interrogatory to him some people in this region have been speculating as to whether the condition east will have any effect here doubtless the financial situation in the country at large will act more or less upon business matters here to the extent at least of the connection between this part of the country and the affected sections it may be well apart from taisto i consider the fl financial status of this city Is it sound A great many buildings have been built this season and many others are in course of erection they have been projected on the basis of flush times and in numerous instances constructed on borrowed money thus far it is commonly understood that money to is tight the banks having nearly reached the limit of their safe capacity for making loans this places the borrowers in jeopardy not a few of them being unable to move forward unless there shall be a relief of the strain they must necessarily go backward and perhaps down not a few are on the ragged edge of uncertainty waiting for something to turn up if it does not come they must go deeper into the hole they have been digging with the borrowing lever the material has been carted away and there is next to nothing left with which to level up the excavation |