Jasper County Democrat, Volume 10, Number 30, Rensselaer, Jasper County, 26 October 1907 — ROCKEFELLER TO THE RESCUE [ARTICLE]

ROCKEFELLER TO THE RESCUE

Will Do His Part to the Limit of His Resources. New York, Oct. 24.—John D. Rockefeller has taken an active interest in the present financial situation, and he has arranged to loan very large sums to a number of New York financial institutions "I think,” to a representative of the Associated Press, "that the existing alarm among investors is not warranted, and I hope the good common sense of the American people will control the situation. Personally I have absolute faith In the future of the values of our securities and the soundness of underlying conditions. “Instead of withdrawing any of my moneys from the banks I am co-oper-ating with others In helping to meet that which I firmly believe to tie only a temporary crisis. Every one having tbc good of his country at heart should by word and deed lend a hand now to re-establish confidence, and I propose to do my part to the full extent of my resources.” No Apprehension Anywhere. Washington, Oct 24.—Comptroller Ridgely makes this statement: “I have talked by telephone today with bankers In practically every large city in reach of Washington by telephone,and also with a large number of bank examiners. I hear of no trouble whatever among the banks or trust companies outside of New York. The general feeling is that the situation Is absolutely sound, and there need be not the slightest apprehension about the banks and trustcompanies of the country."