WHY A PANIC?

Wairarapa Daily Times, Volume XI, Issue 3771, 28 March 1891, Page 3

WHY A PANIC?

A leading financier was recently asked, "What makes a financial ; , panic He tersely replied: "It is simply a lack of confidence." The commerce of the world is the creature of confidence. One-tenth, perhaps, of large business transactions are made in currency; the other ninetenths are accomplished through the medinm of personal cheques—mere pledges of confidence. Business would w 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 had—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 fellows in business transactions act as though in ether matters of evon greater moment, no reliance could be placed in them. If you believe what straightforward business men say, there need be no panic about kidney disease. It is curable. Mr N. S. Parmintier, Warehouseman, writes: Glen Osmond, Adelaide, S.A., 19th November, '9O. —Ever since my arrival in the colony, norame four years since, I have an aggravated liver com- ' plaint, combined with a serious affection of the kidneys. After the use of four bottles of Warner's safe cure, I had gained weight, and my pains materially subsided, and when I had taken 12 bottles ali symptoms of kidney disease were effectually removed. The Mayor of Albany, W. Australia,

Bobert Muir, Esq., says:—For a long time I have suffered from a disorder kidneys, together with a num. ber of other distressing symptoms. With the use of three bottles of Warner's Safe Cure every trace of kidney disease was removed. Writes Mr Arthur J. Diamond, manager for Messrs Tolley and Co., Limited, of Freemantle, W.A. 11th December, • JB9o.—For two or three years I have on and off suffered from an affection of the kidneys. I have taken, as occasion required it, about twelve bottles of Warner's safe cure with results fully satisfactory, and can highly recommend its use. Are not statements of t'lis character, voluntarily made by reputable business men, worthy of confidence ? If not, why not ?