16 NOVEMBER 1907, Page 19

There is little fresh to record in regard to the

financial condition of America, except that there are as yet few, if any, signs of a real restoration of public confidence. But till such confidence is restored the prospect cannot but be one of grave anxiety. Considering the existing situation, surprise is becoming widespread that to restore public credit and confidence the American Government does not take steps analogous to those taken here under a suspension of the Bank Charter Act. Such action, though difficult, is not altogether outside the powers of the national Government.