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Show I MAKES $T.500,Q00 IN A HURRY . , I Charles W. Morso is well along the road lead- ?"3?5v ,nB to mult'-,n,lllonn'rov'llo ugaln. Ho has wiped f 1IIS& out n11 ,,ls deDts wu" t,lc exception of $500,000. 0 Mr. Morse regards this as a paltry sum. Ho has if, KM securities worth threo or four times tho half- I , lutlllnn ho owes and if necessary ho could wlpo ifi ftSS: out 'mt clol)t nntl havo le'1 wlmt would bo 37 vj) regarded as a largo fortune by 99 men out of a aL- v ? undr0(1- 'Cvfawl 'f'' s When Mr. Morso got out of tho Tombs Juno W&Vis 17 ,nst B nffn'rs wcro m what 1)'3 own lawyers ' Ps&jvr 7v admitted to bo a hopeless Wangle. They confessed Jf&s yjfo. they saw no chance of saving nnything from tho JmtsS mrffcfr wiesk nnd frankly told Morso so. At that time Morso was confronted with a ' PP wfy' clamorous army of creditors, to whom ho owed $4,500,000. At tho beginning of tho panic, in l October, 1907, ho wns worth $22,000,000. Tho depreciation In security valuoa that followed cut this fortuno into less than hnlf, for tho Morso securities ' wero about the hardest hit of all. His credit was greatly extended when tho tumble enmo. Ho owed monoy i to moro thnn n dozen llnnnclnl institutions In Now York City nnd to many moro In Now Englnnd. These loans wero secured by stocks and bonds. As ' they shrunk In market value they wero bold by banks nnd trust companies nt panic prices. Tho slaughter was so severe that In many "cases they did not bring tho amount of the loans. Thcso sales of his securities converted paper losses Into actual losses. |