The Diary of George Templeton Strong, Edited by Allan Nevins and Milton Halsey Thomas
The Diary of George Templeton Strong, Edited by Allan Nevins and Milton Halsey Thomas
I notice that he says “buy property at its true value” and “the credit to which they are entitled” as if “value” and “entitled” were Platonic Ideals rather than snapshots of constantly-changing market conditions.
As my late father used to say, “What’s a sick chicken worth? Whatever someone will give you for it!”
October 11, SUNDAY. This week may be epochal. If Tuesday morning’s bank statements shew a large falling-off in deposits and specie, there is no telling what progress in calamity will follow. If the banks make a fair show, we may drag along till the expected reflux of specie from the other side shall have had its tonic effect on our financial nerves. . . .
The Diary of George Templeton Strong, Edited by Allan Nevins and Milton Halsey Thomas