Show AN EXPENSIVE LESSON THE RECENT market break characterized as tile the most severe since the th panic ot of 1914 lias has taught then thousands sands tin an expensive lesson the prevalent practice ol of buying stocks on lean margins by persons it without reserves to weather reverses reveries is basically unsound leading financial authorities anil and major stock exchanges and then their members have a tal tally warned and ruled against tills this practice even margins normally considered safe did not stand lu in the late lale crisis the fact that shortsighted short sighted speculators peculators tors have been biped out in fit the general decline Is no argument against tile the institution of 0 modern modem corporate finance our progress Is made as more ot of tile the bublie income finds its way into business investors mho onn interests in standard established industries Indu bought through recognized brokerage channels on values rather than tips lips have nothing to tear fear |