CONFIDENCE NEEDED.

Stratford Evening Post, Issue 65, 14 October 1930, Page 4

CONFIDENCE NEEDED.

When a man is a little out of sorts, ne can very easily be persuaded by other people, or by what he reaus in uie "doctor's book," that lie is very sick indeed. Mass suggestion, permeating in the same way, may bring his community to a similar state of mind. Many people have lately been brought to the point of believing that it this country is not on the brink ot economic disaster, it is not very far from it. This view of. the situation is quite wrong, states the Dominion. The world-wide fall, in prices has thrown the economic machinery of every country in the world temporarily out of gear. All that is demanded of people is that they should exercise prudence, and cultivate the virtues of thrift and patience. The outlook in New Zealand is certainly not as serious as it is in Australia. But bad as it is in Australia, it is not bad enough to discourage the chairman of the Asociatcd Banks in Melbourne from sounding a cheerful note. "The healthy deposits held by the banks," he declares, "arc the best indications of Australia's solvency." Tbe trouble is that panic-mongering has frozen capital into a state of stolid immobility. Unto a state of stolid immobility. Confidence is the sun which will thaw it out and set it to irrigating the channels of industry and commerce.