Show A PANIC COMING the byall journal warns the against a panic predicted to weep over the in 1911 five beare heade the wall street paper hay ex dawns prk ark ta panic in 1911 As that Is flatt years off there is no cause tor becoming frightened now yet even 1911 la two years before what would be tho schedule time for the next great commercial collapse our great panics come in twenty year periods por instance there was one in 1873 and in 1893 and tho next would be due in 1913 however a difference of a year or two makes comparatively little difference what ia of main importance is the fact that another great national panic is regarded as certain to come and why it may be asked is it certain to come the answer is that ft is certain because it is aate to depend upon the folly of great bodies of people engaged in business they will over speculate they will enter into doubtful promotions and financing they will overextend over extend their loans and credits they will do all manner of things which they ought not to do and leave undone all manner of things which they ought to do and the result of theca follies is panic thus mr dawes expects to see before long promotions of doubtful merit overpeck in real estate wild mining ventures and odds and ends of industrial promotions Is it possible to prevent a panic which Is thus foreseen as the inevitable result such violations of economic laws aa these it might be it there were bankers strong enough and courant oua enough to refuse to give credit to doubtful enterprises and wise enough to keep their resources well in band giving no aid or encouragement to gambling yet ono of the tendencies of tho time which is not unlikely to give fulfillment to mr dawes prediction is the fact that some of our banks organized primarily or the purpose of facilitating tho commerce of th country appear to have a larger interest in the stock market than they have in the money market |