[121] According to computations made by Mr. James H. Brookmire on quotations of twenty representative railroad stocks, these reached at the highest point in 1906, 138. In March, these securities had gone down to 98.

[122] N.Y. Press, Oct. 22, 1907.

[123] See N.Y. Times, Jan. 30, 1909.

[124] N.Y. Times, February 1, 1909.

[125] The N.Y. Times, Jan. 7, 1909.

[126] N.Y. Sun, Jan. 17, 1908.

[127] Ibid., Jan. 30, 1908.

[128] "A Money Market Primer," by George Clare. Recommended by the Council of the Institute of Bankers. Revised edition, London, 1896, p. 123.

[129] July 16, 1909.

[130] House Reports, 52d Congress, 2d Session, v. 3, No. 2615, p. 5.