THE WALL STREET PANIC.
Received March 15,10.50 p.m. NEW YORK, March,ls. The panic in Wall Street continues with violent declines in shares. Two and a-half million shares have been sold. There were similar experiences at Boston, Philadelphia and I other exchanges. i "A RICH MAN'S CRT3IS." Received March 15, 11.39 p.m. | LONDON, March 15. I The New York correspondent of the Daily Mail states that it is almost entirely a rich man's crisis. The railway magnates accuse President Roosevelt of encouraging State Legislatures to pass measures amounting to confiscation. Received March 16, 1.10 a m. LONDON, March 15.* The New York correspondent of the Daily Telegraph says that it is impossible to exaggerate the seriousness of the financial situation. The outcome looks dangerous when shares declined over a hundred million pounds in one day. Unless relief ,' comes half a dozen brokerage houses or banks must succumb. A financier of interna Honal reputation and a "railwaying" were both forced to seek accommodation.
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Wairarapa Age, Volume XXIX, Issue 8382, 16 March 1907, Page 5
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161THE WALL STREET PANIC. Wairarapa Age, Volume XXIX, Issue 8382, 16 March 1907, Page 5
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