WHY A PANIC?

Western Star, Issue 1548, 28 March 1891, Page 2

WHY A PANIC?

• A leading financier was recently asked, " What makes a financial panic ! " ilo tersely replied: "It is simply a lack of confidence." The commereo of the world is the creature of confidence. One-tonth, perhaps of large business transactions are made in enrrency; the other nine-tenths aro accomplished through the medium of pergonal c'icqnes —mere pledges of confidence. Business would oomo to a standstill if curioney was generally demanded. There isn't, enough of it to go around. A panic arises when men, losing confidence, demand curroncv instead of cheques, tho currency cannot bo had—there isn't enough of it, and the banks lock up what there is. Confidence is the basis of commercial prosperity. Tho most intelligent poople 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 other matters of even greater moment, no reliance could bo placed in them. If you believe what straightforward business men say, there need be no panic about kidney disease. It is curable. Jlr N. S. Parminter, Warehouseman writes: Glen Osmond, Adelaide, S.A., 19th November 1890.—Ever since my arrival in tho colony, now some four years since, I have suffered from an aggravated liver complaint, combined with a serious affection of the kidneys. Aft<r 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 all symptoms of kidney disease wore effectually removed. The Mayor of Albany, West Australia, Robort jMuir, Esq., says:—For a considerable time I have suffered from a disorder of the kidneys, together with a number of other distressing symptoms. With tho 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 LYeeiiuutlc, W.A., LLth December, 1890.—For two or throe 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 recommeud its use. Aro not statements of this character, voluntarily made by reputable business mon, worthy of confidence ? If not, why not ?