Garland Globe | 1908-03-07 | Page 2 | Japanese Deny That They Are in Serious Financial Difficulties

I Japanese Deny That They Are In 8er-, 8er-, lous Financial Difficulties. ' Toklo. Special cablegrams from New York and London published In tho Toklo newspapers havo created astonishment in financial circles bo-js' bo-js' cau3o It is evident that certain Influ ences havo determined to misrepresent misrepre-sent nnd exaggorato existing cond-l tlons In Japan. Thoso special cablegrams cable-grams say that tho declino of Japanese Japan-ese securities Is duo to n financial panic. Tho use of tho word "panic" an roprosontlng tho present situation Is entirely unwarranted. No "panic" exists In any direction. Thoro havo recently been n number of failures, but tho depression has reached Its limit.