the liquidation, whereby creditors and similar claimants gain at the expense of the solvent debtors. Such being the case, it would logically follow that the large creditors should see and follow up their advantage by concertedly pushing the body of debtors to an abrupt liquidation, and bo realizing as large a gain as possible with the least practicable delay, whenever the situation offers.
Such may he the logic of the circumstances, but such is not the course practically taken by the large creditors under the circumstances. For this there is more than one reason. It is not, apparently, that human kindness overrules the creditors' impulse to gain at the expense of the debtors. The ever recurring objecHessons afforded by operations in the stock and money market enforce the belief that when one business man gets the advantage of another he will commonly use the advantage without humanitarian reserve, if only the advantage is offered him in terms which he can comprehend. But shortrsightedness and lack of insight beyond