A National Currency Supplemental to the Use of Gold And Silver Based On a Cons

Cover A National Currency Supplemental to the Use of Gold And Silver Based On a Cons
A National Currency Supplemental to the Use of Gold And Silver Based On a Cons
R M Robert Maclay Widney
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Interesting Talk With Judge R. M. Widney.
THE SITUATION IN THE EAST.
The Country Unsettled as a Result of the Recant Stringency in the Money Mar- ket.
Judge R. M. Widney, who has been East for some weeks, returned a day or two ago, and was interviewed by a Times reporter at his residence last evening. During his trip the judge visited the principal financial centers of Jthe East, and gave in substance the following interesting facts as the result of his observations: "The condition of that coun
...try, " said the judge, "is one ot great unrest. The recent stringency in the money market wrought havoc with securities and interest-bearing investments. One banker said to me that in one day the margin on the securities for over $5, 000, 000. Of loans disappeared. The eastern banks have called in millions of dollars loaned to business men to meet the de- mand for money and while many of the banks have thus secured money to loan, they dare not loan it on time, owing to the danger of a fall in the valu of securities.

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