Show It NEED BE J li b NO FEARS t ilt New i York Business Men f Say So IJ I J I II I FREE WOOL IS RIGHT f > 1 Tariff Reform Means Prosperity of for Utah I I I LOCAL MERCHANTS OPINIONS J Stability to Values Assured and There Is J Not Tbe Slichtest Came for Alarm Business Will Bo Good I Now York limes Ind Broadminded business men of this city received the news yesterday of the great Democratic victory the day before with the utaost satisfaction Naturally Democrats Demo-crats were disposed to combine with their feeling of satisfaction a sort of digmlied jubilation which indicated itself In smiles and congratulations when they met others rho believed politically as they did for fey were not only sure of sound Unan cial and business policies from Mr Cleveland Cleve-land but they were a part of a conquering army armEven Even Republican business men however how-ever those who have thriven not by contributions con-tributions to Republican campaign funds but by well directed intelligence and industry in-dustry took on an air of acquiescence which indicated that while they were not great as prophets everything was all right anyway Many of them found cause for congratulation in the decisiveness of their defeat Its always well to know when youre beaten one man said for then you can look around and see where you tana The views expressed by business men indicate in-dicate better than the viows of any other ciass of men possibly could that tUe delirious deliri-ous fears of the orators of the Republican party exhibited during the campaign that financial wreck and ruin and business collapse col-lapse were probabilities in the event of Democratic success are groundless Evan P Thomas president of the produce pro-duce exchange was one of the many who welcomed the news of the Democratic victory vic-tory The business men down in this end of the town feel1 said Mr Thomas that the result is a good thing for the business of the country Republicans down here are congratulating themselves that if they had to lose tnelr defeat has been made so emphatic em-phatic There will be no wrangling about the matter the whole thing is definitely settled The suspense is over and everybody every-body knows what to expect for the next four years Tbe friends of Mr Cleveland said I Mr John P Townsend president of the I Knickerbocker Trust company dont expect ex-pect any earthquakes The quiet canvass shows that the people of the country had made up their minds that no matter which candidate was elected the financial interests inter-ests of the country would be safe The result re-sult has shown that the people have the idea strongly impressed upon them tba the McKinley law favors certain interests inure than u should at the expense of the people I regard the country as favorable tot to-t some sort of a tariff which would tend toward to-ward the prosperity of this land but under the McKinley law manufacturers asked too much If they had been more moderate and bad asked for only enough to insure the success of manufacturing interests the probability is that the people would have confirmed their action To illustrate I was in Ohio within two weeks and I visited there the largest fancy tile worts in the United States 1 was told by one of the officials of the company com-pany that Mr McKinley had wanted them to ask for more protection and they had accepted a 5 per cent addition to the former tariff The consequence was more competition and a reduction in the wages of tber workmen Theso reports from western states show that the farmers out there who have bad to accept this year the lowest price for wheat ever paid have been thinking Many of their thoughts are due to the work of the Reform club which for four years has been doing missIonary work among thorn Last year the farmers got high prices because owing to the famine Europe needed wheat This year Europe took only what she was obliged to buy with the result of the lowest prices in the history of the country Now the Reform club says to the farmers Our statements to you four years ago ere confirmed This country shuts out the world and if we dont deal with the world it wont deal with us I cannot help I but think concluded Mr Townsend hof the words of Abraham Lincoln Lin-coln that You cant fool all the people all the time J Edward Simmons president of the Fourth National bank was of course being be-ing a good Democrat delighted witu the Tictory He said The election of Grover Cleveland can only be regarded by all conservative business busi-ness men as a fortunate thing for this country He is not an extremist in anything I any-thing but ID a man of intellectual force cellberate thought and sound views His election means no revolution in business affairs There will be no radical measures of tariff reform adopted but there will boa bo-a gradual adjustment of the tariff to the needs of tho people Under Democratic rule wo are sure of honest money safe business methods in governmental affairs and a clean economical economi-cal straightforward administration No ono rejoices more than I do over the success of the Democratic party because I feel confident that Mr Clevelands return to power will give stability to values and result re-sult In better times William L Tronholm president of the American Surety company said The ro suit in the west is a most gratifying surprise sur-prise although I was sure of New York I felt that the people of the country wanted the change and wanted Mr Cleveland Business will go on without any interruption interrup-tion Cleveland has been tried and ho will give us a clean healthy administration Elias H Roberts assistant treasurer of the United Statessaidin a low voice that be didnt wish to talk about this meaning presumably the result of the election hIt is a creat surprise he said sorrowfully sorrow-fully and a great streak But I dont feel much like talking President Wilson of the Consolidated Stock and Petroleum exchange said The result to be expected from Mr Clevelands election and the overwhelming victory of the Democratic partywhich from my standpoint was a foregone conclusionis that the general effect on business will bee be-e ilent Stability will continue and increase in-crease Mr Cleveland was president for four years and his policy well estab I I < I lished and well known All this talk about wIldcat money is wildcat nonsense We can figure that Mr Cleveland will have at his side men of the same high standinE as those who were with him before Wall street and the country know them well For these reasons and in view of the fact that tho change was demanded by the vast and wise majority of the people it is very gratifying to me that the decision was what it was Washington E Connor Republican banker said For Mr Cleveland personally per-sonally I have a high regara and tho fact that he has announced a sound position on the silver question and that he would not consent to any step that would in anv way disturb the business of the country I think is sufficient I had some fear while receiving the election returns lust night that the election might De thrown into the House of Representatives in which event there would have been feverishness and uncertainty for some months while the matter was awaiting settlement although ot course with a Democratic House there would be no doubt of the result Banker Henry Clews said The result re-sult of tho national election placing the Democratic party agaiu in the ascendancy will naturally cause acme depression temporarily tem-porarily at least in business Circles on this side as it will tend to make the future fu-ture more uncertain than otherwise because be-cause of the wall known hostility to the McKinley tariff law While there is not I very much likelihood of many very radical changes being made durinz Clevelands administration nevertheless it must be remembered that an apprehension with business men is often as intimidating and I hurtful as the reality Industrial properties in Vall street will probably be more likely to be affected by these forebodings than other securities The election of Mr Cleveland however will produce a contrary effect to that above stated in England us the manufacturers and financiers there vlll indulge in the hopo that the McKinley Jaw will be repealed and that this country will again be open to their cheaplabormanufactured goods and that in consequence prosperity with them will take the place of the serious depression which now prevails and for a long time past has existed throughout their country That such a political revolution should have occurred in so quiet and peaceful away a-way all over the nation is in itself a grand result and to strengthen confidence goes treng en confde nee in our repuoucan lorm or government which stands alone of all the governments of the world as being able to sustain itself in such a revolution without resorting to serious riotous disturbances ana bloodshed I For my part I do not consider that the I will of the American people which has I turned the Republican party out of Dower I was based on the desire to put the Democratic Demo-cratic party in so much as on a desire to put the man who headed their ticket there I their confidence being in him individually f as head and shoulders above his party and I therefore they were willing to trust him while they would scarcely be willing to I trust the party itself I The newlyelected presidents record in every public position that he baa occupied I I hope warrants the belief indicated by the voice of the American people that they I have not in this election really endangered I the best interests of the nation Rosewell G Rolston president of the I Farmers Loan and Trust company said i In my view the election of Mr Cleveland is a most excellent thing But Im a Clove I land man sir i New York Recorder Hop i Mr Cleveland it is needless to say was i not the choice of the Recorder for the presidency presi-dency But we do not see in President Harrisons defeat and Mr Clevelands victory vic-tory strain of dire portents for the republic re-public The wild theories of many of Mr Clevlands friends and followers north ministration south east ana west will not away his ad No president ever had a more magnifl centchunce to serve the whole people than Mr Cleveland will have when ho enters the White House next March Under no circumstances can he again be a candidate The prize Washington refused and which was refused to Grant can never fall on him and so without fear or favor he can follow the dictates of his own conscience Philadelphia Times Ind The election of Cleveland is a peaceful resolution and it will make no disturbance disturb-ance in the channels of finance commerce industry and trade It will recall the government gov-ernment to severe honesty to all needful economy to the largest freedom of the citizen and to the sound Democratic policy of scrupulously maintaining the maintuinlns greatest good to the greatest number Minneapolis Tribune Industry economy intelligence careful buisness methods and well directed effort will continue at premium The individual will work out for himself prosperty or poverty The economic affairs of the nation na-tion good or ill can only modify the ro oults For the farmer good farming will be as necessary for success with Grover Cleveland for president as it has been under un-der the wise and statesmanlike administration administra-tion Benjamin Harrison Cincinnati Comnif reial Uazette Rep The Commercial Gazette says Not a fow Republicans who are strong in their convictions con-victions and party loyalty favor tariff reform re-form not the false pretenses of Mr Cleveland I Cleve-land but genuine reform of the tariff laws from time to time as they appear to need 1t They endorsed the McKinley tariff bill as a whole but would have been glad t see some of its parts modified They claim that a less radical though no less wIse and beneficent measure might have neon adopted adop-ted which would have met with less popular popu-lar objection Philadelphia Call lad Rep What will be the result of his occupancy I of the White House aiain 1 So far as the I legitimate business interests of the country I arc concerned no change whatever may be i looked for except possibly for tho better He has been tried as chief executive and i been found honest fearless and conservative I conserva-tive I He may be trusted to administer the affairs af-fairs of his important office with fidelity and courage entirely untrammeled by partisan II par-tisan considerations I flew York Telegram Ind II Mr Cleveland is no experiment The country is acquainted with him Its substantial sub-stantial interests are not afraid of him He I is believed by many to be safer and sounder than his party There is no other Democrat I Demo-crat whom large number of Republicans would s willingly see placed an the head of I the nations affairs Another cause for congratulation is the fact that this result has been reached after II one of the most quiet rational and respectable respect-able campaigns in this countrys history I II I New York Herald I One of tho Republican bugaboos in the presidential campaign was the pretence that the election of the Democratic ticket would derange business hurt the credit of the country and cause depression in financial finan-cial circles The absurdity of all this was demonstrated demon-strated yesterday when government bonds advanced cotton and cereals improved in price and Europe cabled orders to buy stocke The Wall street markets were dull and without change in uamper a few of the volatile industrials alone showing any activity Denver Times It is absolutely surprising that general business at the principal business centers of the east and south should have shown so little diminution the past week on account of the elections The bank clearings of the principal cities ot the United for the week were but 16 per cent los than for the previous week r r i and only 1 per cent belowthe corresponding i correspond-ing week of 1891 I Tho iron market has improved Advanced Ad-vanced prices for hog products have also bad a reviving influence upon retail trade in the agricultural sections of the Mississippi Missis-sippi valley valeyWBalln Washinston Post lad uBe will doubtless give the country a clean able and honest administration He will return to the chief magistracy with a practical experience of his duties aud obligations gations that will stand him in good stead and give so much the greater assurance of his acceptability and usefulness to the people peo-ple who have so conspicuously honored him with their confidence |