Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1880-10-15
JAMES A. GARFIELD,
OE OHIO.
The Business Issue.

The Business Issue.
The business issue has made itself felt
with great power since the Maine election.
Previous TO that event business men per-
sued the even tenor Of their way, uncon-
scious apparently that they had any interest
IN the national election or any duty to per-
form in relation to it, But when the re-
suit of the election in Maine was announced
there came a sudden awakening of the
business community to the peril in which
they stood If Hancock should be elected.
The stock market in New York felt the
shock Business at once ceased to move
with the briskness that characterized it
before. Men began to think of the
"change" that would take place if Han
cock were elected and to make prepare
tons somewhat for the possible emergcn.
CIV. As an illustration of this we present
the following extract from private letter
from New York banking firm to one of
the best business concerns in Augusta.
The writer says:
"Should Hancock be elected it is diff
"cult to say what would be the result. but
.that there are many who expect serious
"decline in securities is evinced by one of
.'our customers. several times a million
"aire, who Saturday sold us 1926, 900
"of United States four per cent. bonds
land took array has gold for them, which
''he locked up in order to be prepared for
emergencies.
This letter was received Just before the
elections in Ohio and Indiana. 1t shows
how many business men were feeling
about the possible election of Hancock.
They scented danger in the air. They
dreaded the effect of placing the reins of
government in the hands of that section
which had so lately fought to destroy the
government Men who do not ordinarily
engage in politics began to see that if they
stood idle the government might 60 into
the hands of the rebels and untold evils
follow. and they concluded to enlist in
the republican party and do what they
could for Garfield's election.
The boom thus started for Garfield by
the business men of the country struck
Ohio and Indiana Just in season to produce
the magnificent republican victories of
last Tuesday. These were the first fruits
of the awakening which Immediately fol-
lowed the election in Name. And the end
is not yet. The boom has but just begun
TO be felt. Its power has increased i'm
mensely within the last twenty-four hours.
The new recruits who have opened their
purses and entered the ranks to fight for
Garfield will not slacken their efforts in
the good cause until every Northern State
has given its voice for the election of the
national republican ticket and the success
of the principles which it represents.
Let our business men in Maine initiate
the example set them by the business men
of New York and other States. Let them
not be afraid of confessing themselves
deeply interested in politics for once, and
willing to give their best efforts as an
earnest that they mean what they profess.
To this class the republican party of
Name has always been indebted for a
generous support, and at this peculiar
crisis their aid will not be. wanting to
place the State erect in the republican
column in November.
The fact that government bonds fell in
the market at the reported defeat of the
republicans in Maine. and rose again i'm
mediately after the republican victories in
Ohio and Indiana, explains perfectly well
on which side safety lies in this contest,
and as clearly foretells that the Hancock
ticket is doomed to defeat rs the thunder
cloud indicates the tempest at hand.