After all, reserve power and only a
rational use of financial resources are the surest preventive of panic.
And that the American people have not been forced through entrance into
the "World War" to deplete their reserve strength, especially in a
financial way, is due to the splendid conduct of our great President. He
is leading this country to unexampled prosperity. Instead of consenting
that old abuses in the business world should continue until an
over-indignant public had grown riotously injurious, he has guided the
current of their wrath, initiated or promulgated the methods for
redressing their grievances, and has saved to the country, to its
people, and to general business itself, the splendid and full service of
business enterprise freed from the abuses and handicaps that unregulated
conditions had forced it to employ in the unrestrained struggles of the
open mart.
DECOURCY W. THOM.
End of Project Gutenberg's A Brief History of Panics, by Clement Juglar
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