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Show WALL STREET GAMBUNG. The Wall Street Journal has made a discovery. La its issue of the 26th ult., it says: "Paris is not France, nor is New York the United States. New York Is far from being the United States. It neither creates the wealth of the country, nordoea it exercise any influence in-fluence over the public- of the country in any pro- portion to the volume of its transactions. Thi3 is q fact upon which Wall street may well pondor fo upon it depends the value and seouxitj d the shares in which It deals." The Intermountain Catholic, m Its Issue of Auril 16, 1904, expressed the same idea irt the following fol-lowing wordsi "There was a time when Wall street dealt In stocks which represented honest and actual values, and at that time the prices of those stocks were a fair index to business conditions. Of late years, however, this has changed, and in these day3 the stocks which are dealt in on Wall street are manipulated without reference to their actual value or business conditions, and solely with a yiew of separating a gullible public; from its money Within the past year the public has become wise in this xopcl,-incl hasr xefcood to- bo frorkorLimy longer, with the result that the Wall street stocka have slumped badly, and the enterprising manipulators manip-ulators have come to grief. Meanwhile the actual business throughout the country is more prosperous prosper-ous than ever before." It is refreshing to note that the leading newspaper news-paper of Wall street has finally made the startling discovery and painful admission that Wall street does not control the financial destinies of the country. Nowadays business men look on witli amusement at occurrences in Wall street, which a generation ago, wxuld have caused a universal panic. For instance, during last month, interest rates in Wall street rose to over 100 per cent, per annum. A less cause than that brought on the panic of "Black Friday," in 1872, one of the worst in the history of the country. Today it caused about as much excitement In banking and business circles as the report of a horse race or a football game. "' "' This relegating of Wall street to Its proper place as a gambling resortj removes a great menace men-ace to the stability of biKiness conditions. So long as it was within the power of a few unscrupulous unscru-pulous stock gamblers to frfighten the country into a panic, .no one could tell at what moment a disastrous disas-trous panic might be precipitated. With the control con-trol of such matters in the liand3 of those actually; engaged in producing the -wealth of the country and interested in the growtji and stability of business, busi-ness, a long stride has beejn made toward perma- nent prosperity. ) |