| Summary: | This article argues that the stock market crash was inevitable because "the country had gone speculation mad"; while the country will suffer "painful consequences," the author predicts that "the shock will not be so severe as it has been on former occasions...because we are so much richer, and because our economic system is so much more solidly placed." The outlook for Alabama is particularly positive: "It should not be long, however, before this reassertion of power and energy is possible. In Alabama and in Birmingham, particularly, the effects of the experience ought not to be severe....Our industries will be going full blast. The cotton crop has been a blessing. Our psychology, if not buoyant, is robust enough. We are in an excellent position to take care of the repercussions from the Stock Exchange."
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