WHY A PANIC

Temuka Leader, Issue 2181, 28 March 1891, Page 1

WHY A PANIC

A leading financier was recently asked, “ What makes a financial panic V' He tersely replied : “It is simply ,n lack of confidence.” The commerce of the world iis the creature of confidence. One-tenth, pet haps, of large business tranaactions are made ia currency ; the other nine-tenths are accomplished through the medium of personal cheques—mere pledges of confidence. Business woold come to a standstill if currency was generally demanded. There isn’t enough of it to go around. A panic arises when men, losing confidence, demand currency instead of cheques, the currency cannot be hid—there isn’t enough of it, and the banks lock up what there is. Confidence is the basis of commercial prosperity. The most intelligent people bank the heaviest on confidence, and prosperity follows. The singular .thing is that, sometimes, men who prosper in thus placing confidence in their fe lows in business transactions act as though in other matters of even greater moment, no reliance could be placed on them. If you believe what straightforward business men say, there need be no panic about kidney disease. It is curab'e. Mr N. S. Parmlntier, Warehouseman, writes: ■— Glen Osmond, Adelaide, S. A, 19th November, 1880.— Ever since my arrival in the colony, now some four years since, I haye suffered from an aggravated liver complaint combined with a serious affection of the- kidneys, After ths use of four bottles of Warner’s safe cure, I had gained weight, and my pains materially sudsided, and when j had taken 12 bottles all symptoms of kidney diaeas were effectually removed. The Mayor of Albany, West Australia, Robert Muir, Esq., says : —For a considerable time I have suffered from a disorder of the kidneys, together with a number of other distressing symptoms. With the use of throe bottles of Warner’s Safe Cure every trace »>f kidney disease syaa removed. Writes Mr Arthur J. Diamond, manager for Messrs Tolley and Go., Limited, of Freemantle, W.A. 11th December, 1890'—For two or three years I have on and off suffered from J|an affection of the kidneys. I have taken as Decision required it about twelve bottles of Warner’s safe cure with results fully satisfactory, and cun highly recommend its use. Are not statements of this character, voluntarily made by reputable business men, worthy of confidence? If not, why not!