Show What the Editors Think of the Alleged Panic OI lo J Money Ioney is scarce only because tho the operators of or frenzied finance tho tire plungers in speculation tho the promoters of or schemes of graft brat and rake off had hall obtained access access ac ac- ac- ac cess to great banking railroad and an trust hust funds fun s and by br the enormous cx- cx tout and apparent dishonesty of or their operations had alarmed the tire general public The Tho people then thon made the tire therun therun run for what portions of their money they supposed might still bo be left An incredible sum sum was thus titus taken tal en out of or orthe the usual places of or deposit It might amount to one half of all the money of the United States Till as this occurred there was no complaint of tho the scarcity of money one Proof that there was no Actual scarcity scarcity scarcity scar scar- city was afforded by the tho uni er universal al pro- pro valence of high prices and by the high average ul Ie of wages wages higher higher than thaul ever lJ before In tho hl history tor of or the thc count coun coun- t try i. I-i. What hat the country needs then Is proper control of tho the brigands of taco anco A while ago aso it had hall its Hs light with the an and brought them un under er subjection It now itow Intends to Lo blin hung bring tire the brigands ands and desperadoes of finance un under er control b by measures sur s which will make It Impossible for them to use in tho tire operations of desperate and speculation tho monc money to which thoy they obtain access through h tire the present system of corporation m mana management a nage meat emont All 11 ll of treo mal malefactors factors will not go goof off of and commit suicide as tho the president president dent of or tho the Knickerbocker company com corn J party pany an ha has done however done however worth worthy of or Imitation the example may be ho So o It becomes necessary sar to put tho the lc rest l of or them under proper control nl Cal Press The Tire chap whose earth earthly 1 possessions arc tlc tied up In gilt edged real cal estate these days Isn't worrying much about financial flurries HurrIes or 01 the of having ha to accept scrip in lieu of or golden ca eagles and aUll silver certificates Thus This applies both to clerks clerics s and mechanics who are aro relieved relIC of the necessity of digging Ui up len tent money e every el thirty days be be- be cause nicy incy own me the roofs over their head heath on and to to tho tIre fellow who wiro tills a few fc well ell acres antI and a n rea ready y and responsive o market marl for fot his hb spuds or oranges orang Vh Why need the he orange Olange growers grow grow- r-ow- r ers of or IU el Riverside with a crop last year car and another like It fl this year rem worry because o the New ew York bankers have hu to pay jay 7 per POl cent for tol gold In London and Berlin An And why should the tIre grain growers of Riverside count county who last year rear garnered a n. grain and iray m crop worth get agitated because bankers rs o ha placed place 1 a limit on the tire amount they can checkout checkout check checkout out at a time when hen automobiles can bo bought for fOI a hundred down With c eggs s up p in the luxury class of t 4 cents tho the egg and cows giving i down own JG G 5 to a month in milk the tire lot of or the toI I farmer these days Is an enviable one orre He Ue isn't heaving his head aroun around onan on onan onan an overworked pillow Ho may havo have worried because some less provident relation was living 11 in a n rented rente 1 house but for himself all was tranquility an and peace Get a a. segment of ot earth carth bun build a modest house get et some somo sort of a a. crop aI I growing growing- an and hard hal times nee need never frighten you rou with Its bugaboo face It Is a a. paying proposition Butlo News Despite tho the fear entertained entertained en en- in some sonic circles that the lie present present pres pres- ent Industrial disturbance ma may r reach the proportions of the tire panic of 1903 tho the best information is that the critical critical critical cal stage has been already aheady passe passed As the panic phrase phase of the tho crisis of 1893 was over after Sol gold had begun to arrive o in quantity an and bank banle reserves reserves re re- re- re serves senes to increase toward towar and amI beyond the legal minimum so should It be Inthis In Inthis Inthis this ca case e and antI from pre present In Indications a a. or two more should hould see quiet restored an and such n normal conditions I prevailing as us are arc possible with a a. sick patient lying ling exhausted after a J. J crisis of the tIre fever fc has been pas dOf d ll 0 Of the ultimate effects of tho the disturbance dis dis- disturbance dis- dis trade tralle and upon Industry Industry- whether the they are arc to bo be as severe e and ami prolonged as following the panic of 1903 1903 lt it can only bo be lIal said at present that much depends s upon tho ability of the American industrial community to I preserve reser e confidence in itself while Inthe In Inthe the fact that the mono money of the tire country coun coun- tl try Is now nos' on a gold ba basis is an and that the worlds world's output of new now gol gold con con- os increasingly Iner largo large we have n n. most important improvement ement upon the situation of a a. dozen n or fourteen years ago ngo Chronicle Tho The district c court ourt has iras summoned a new grand cj Jury jm j ury and that boll body when whon organized org which will ill be within a week will have ha plenty of work orJi cut out for it The rue Jury jUl propel properly ly can cau probe all nil ca eases cases c where whelp there is ii a suspicion of or graft lint But rno most t of or all ill the grand jUl jury will have havo an opportunity to get after th tire The public ha has como come to the belief that there Is a ring of or ore oie thieves operating in this community and tho the people want action either oIther to to prove or 01 declare to tho the world that that such such I Is not the cu CliMe case e. e Since tho ho robbery of lie tho Novada No reduction works somo some persons persona have ha asserted that there was waN a stull studied led effort to conceal sonic some om higher ups engaged In the tire nefarious but hut profitable pursuit of or hish and a Cl coroners coroner's Jury undertook to bare tc the tho plot to the woi world Id Chicago Journal One of ot the thu queer ro results of or tho the recent rich mans man's panic in New ew York Is a su sudden en plethora of or domestic servants er instead of the tho usual scarcity Tire The employment employ employ- mont moat agencies are arc overrun o with Uth applications ap al'- ap- ap pI for work The family of moderate means can now obtain a n good servant ser at nt reasonable wages age and with the of or choosing choosing- from a along along long list ot of applicants All Ali this Is due of course to tie wholesale discharging ing of sll b by bythe bythe the nominal rich Hundreds anti and oven o thousands of the latter latter- were forced to part with automobiles horses earrIng carriages an and other othOl luxuries s. s I Summer Jaunts to and winter to California l were abandoned Surplus domestic help had to find other employment Deadwood Herald Heral But Dut the country and especially lI tho tIre West Vest would like sonic some light sited shed upon the query as to what the New Yo York I banks want vant with such a a. plethora of gold as has been rushed rushell to their coffers by the European Euro Euro- yeah importatIon an and the tire prompt and generous deposits on tho lie part of the government o Western Vestern bankers would like to know what the tho New York banks baffles are arc doln doing with these vast sums of gold old an and w hy h Iry the metropolitan in institutions are arc so o otar tar tardy In paying the deposits Justly justl owing to them horn and Imperatively de demanded tie tie- mantled and as persistently denied Secretary Cortelyou Cor says s. In his re recent recent recent re- re cent all address ress that lint the thc government sent out about to tho the arlou states un and territories He Ic did not slate state what states and territories s TV wurt wort tho the recipient of this bounty an and a little lit littie little lit lit- tle tie light ju just t here Is very cry much dc lle- sired It will be found on examina tion that tho tire great reat bulk of this mon moni- money went to Lo the New York banks hanIs and 1 is still held b by them to tho tire detriment antI and in injury of or western banks I Sacramento Bee There Is a us- us 1 abroad in iu the lie land that l and corporate Interests ts have schemed to tic up the monc money bags baSS of Wall Wal Wallstreet all l street in or order el to discredit edit the noo Roosevelt policy of cinching rich malc- malc factors Doubtless there are certain undesirable undesirable able citizens who woul would cheerfully unite in such a program were it rio not t for the tire fact that the they themselves s arc c necessarily among the chief chiet sufferers from lom a business panic or depression Harriman for example Is constantly in nce need of mone money for railroad buildIng building build build- ing an and other lc legitimate purposes no not t to speak of ot speculation And a financial financIal finan titian cial stringency greatly hurts tation business Tonopah Bonanza Thero i is h bound boum to be the tho greatest r 1 boom oo ooIn in tho Ire s curl curl- ties of Nevada a when the times does come that we have ha yet et enjoyed This is not nol the dissemination of hot hOl air but buta a logical conclusion During During- the dull dul l spell the lie mines have been orl jn working and the districts which were wore prospects trig inS out from rom nh to Rawhide an arid and from front Sliver Sili-er Peak Peah to Seven Troughs when hen tho ho slump slur set In arc are proven zones now nov Manhattan has her het mills mill to demonstrate at homo the thc worth o of f her mines un and the tire whole state Is turn turn- Tho The districts are arc growing richer arid and richer richter an and all that Is Js need needed II is the tho flowering of ot capital to make of various parts of tho tire state slate tho the greatest greatest greatest great great- est mining camps the world wet has ever e known Fresno Cal Republican rite Tho strange banking panic which swept over the tire country has hns now reached the stage whore the lie is in the tho hands of the In individual l i ual citizen Everything else has been cured The Tho banking crisis arid and the tho runs on the New Y York banks s stopped some sonic time line a ago o. o The actual dearth of coin has Iras been re rc- rc by 13 imports Is front from l Europe ur pe and the tIre unlocking of treasury funds TILe The distrust of banks banis and banking inS inS' methods has been heen relieved b by the tire Investigations which have havo shown practically every bank to be bo absolutely sound arid and sol sol- sol sol- vent Dol Boise Boie e A 41 mast hopeful s sign n in iii the financial condition is the fact that prices have havo bce been maintained a as well wall as the they have ha there thero being but little general slump in prices of products Wheat heal and cotton both hoth suffered at the first but ut already both aie c regaining m LII telL ir prices A slump Is trust controlled articles s would be a n good thing thins anti and is very cr er desIrable trusts ti arc aie making too much out of goods g handled b by them thorn but bUL the tire pi prices ices of or wheat an and cotton raw products pro pio- ducts must bo ho maintained or 01 there can cnn be no ire t II |