. The Street railway journal . erties, both railway andlighting. Mr. Barstow grad-uated in 1887 from ColumbiaUniversity, and after twoyears work in the EdisonMachine Works at Schenec-tady, he joined the Brooklyncompany. His intimate con-connection with the financialand technical difficulties encountered by public electrical enter-prises gives his opinion upon these matters great weight. He isremarkably well fitted to completely examine and report on plantsalready constructed, or new properties, and is capable of reor-ganizing and placing on a paying basis old ones. Mr. Barstowalready has many
. The Street railway journal . erties, both railway andlighting. Mr. Barstow grad-uated in 1887 from ColumbiaUniversity, and after twoyears work in the EdisonMachine Works at Schenec-tady, he joined the Brooklyncompany. His intimate con-connection with the financialand technical difficulties encountered by public electrical enter-prises gives his opinion upon these matters great weight. He isremarkably well fitted to completely examine and report on plantsalready constructed, or new properties, and is capable of reor-ganizing and placing on a paying basis old ones. Mr. Barstowalready has many friends in the street railway field, and he entersinto his new work with the backing of some of the ablest financiersof the country. It might be added that Mr. Barstow has been theefficient and successful chairman of the committee on papers andmeetings of the American Institute of Electrical Engineers forsome time past. He has also been prominent for many years inthe affairs of the Association of Edison Illuminating W. S. BARSTOW 322 STREET RAILWAY JOURNAL^ FINANCIAL INTELLIGENCE [Vol. XVIII. No. ii. THE MARKETS The Money Market Wall Street, Sept. 12, 1901. The past fortnight in the money market has witnessed the ex-pected decHne in the surplus reserve of the local banks, and it hasalso witnessed the progress of the various relieving agencies, someof which were expected and others which were not. When thefearful news was received from Buffalo after the close of businesson Friday afternoon it became evident that extraordinary meas-ures would have to be adopted to avoid not only a speculatorspanic, but a serious strain upon the whole credit system. TheClearing House committee met the emergency promptly andeffectively by placing the sum of $25,000,000 at the disposal of themarket, to be loaned to all responsible borrowers. As it hap-pened there was no demand for these emergency credits, becausethe over-Sunday loans had all been provided for on Friday andbecause confide
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