Show RECOVERY DUE ew york commercial there has been no more remarkable convulsion worldon worl dof american business hinr the one which will be associated of 1907 the decline in the prices of bonds that began early lias been almost continuous through the year ending today and with tho exception of a brief period af advancing movement near atio of 1907 the quotations tor stocks fan masse have pursued a down t ward course for twelve months tho value of securities is from 30 to 50 per cent les than it was when the security market began tho long descent iback 0 all other causes lias been one that is international the lack of sufficient available money with which to finance u world wido industrial expansion pan sion aliu machinery of industry lias been overworked and it could not bo adequately oiled secondary causes in the united states have been the extravagance or our people alie over commitments of speculators in almost every field of activity a widespread wide spread loss of conn some of the principal corporations and their managers after more than two months of severe trial for the public it is becoming apparent eliat the recent disturbances in all markets have placed all on stronger foundations the national banking system the trust company organization the savings banks the leading capitalists and the rank and lilo of our financial array have endured the strain in a fashion which challenges universal admiration |