Economy

Stock exchange officials have, during the past 8 months, from time to time taken steps to restrain bear raiding with a degree of success.

But during the latter part of January, despite these steps, there was a large increase in the short account which unquestionably affected the price of securities and brought discouragement to the country as a whole.

Individuals who use the facilities of the exchange for such purposes are not contributing to the recovery of the United States.

Individuals who use the facilities of the exchange for such purposes are not contributing to recovery of the United States.

In the present crisis the absolute necessity for the most drastic economy makes the problem of governmental reorganization one of paramount importance.

Economy and efficiency can come only through modernization.

Since that time it has not only stopped, but it is estimated that $34 million has been returned to circulation from hoarding.

We bring in the question of such things as life insurance, charitable trusts-so these are the things we are trying to reach fundamentally.

The public can understand that if one local merchant finds it difficult to borrow from the banks his normal credit to maintain a stock of goods, he necessarily shortens down on his stocks and this reflects right back to the manufacturer…

Of course, hoarding is just one of the parts of the vicious cycle that starts from a shortage of credit.

It is an economy measure, one that is long overdue.

When a railway goes into receivership from inability to find money with which to pay interest on bonds, then again not only do we have depreciation in prices of these securities, but it affects the assets of every institution.

Up to a few days previous to that time hoarding was greatly on the increase.

Nothing could contribute more to the resumption of employment, to the stability of agricultural and other commodity prices, than to restore this money to work.

Everyone hoarding currency injures not only his own prospects and those of his family, but is acting contrary to the common good.

Credit is the bloodstream of our economic life.

I am convinced that citizens hoarding currency or money do not realize its serious effect on our country.

A prime need today is the extension and liberalization of credit facilities to farmers and small businessmen.