The mystery grew deeper than ever. It baffled newspapers and financiers alike. It became an important factor in the banking houses of London and in the continental bourses. The governors of the Bank of England discussed it with only less interest than the Clearing House Committee of the New York banks. Meantime, stocks continued to be bought and sold. The great selling movement of early March gradually ceased. It was estimated that the supporters of the market had been compelled to expend at least $75,000,000 during the first half of the month in order to maintain prices at the prevailing high level. The market did sag a little sometimes, but there was never anything like a break. The conservative fears of a collapse began to subside. A power strong enough to accomplish what had already been done, it was argued, could maintain the present condition of the market without the expenditure of another dollar. It had only to borrow money on the securities it had already accumulated in order to keep control of the market as long as it liked. Furthermore, money was plenty and cheap. That it was new money was proved by the fact that gold coin was coming rapidly into circulation in the Eastern States. Gold was being sent to the mints faster than it could be coined. The export of a few millions in bullion occasionally, seemed to have no effect upon the mysterious supply. The people who complained were those having money to invest. Those who had sold at a good profit stocks and bonds which they had held for a long time as investments had no right to grumble. But those who wished to invest their savings had a more genuine grievance. Three months before they might have bought safe properties at thirty per cent below present figures. Then their money would have earned six or seven per cent. Now it would scarcely yield four, with the prospect of a substantial shrinkage of the principal as soon as conditions changed, as change they must, in almost everybody’s opinion. Even though the danger of disaster seemed to have diminished, the conviction was strong in the minds of sound financiers that the financial status was still unhealthy, inasmuch as it was not controlled by natural laws. The financial fate of America for the moment was in the keeping of a single despotic will. As long as this remained true there was no safety. It was useless apparently to complain or rebel.