Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-10-12
THE BUSINESS INTEREsTs

"
trial at adjournment.
THE BUSINESS INTERESTS
Chicago Capitalists Declare HancocH,s
Election Would not Injwre but Improve
Trade.
Chicago Times
For some weeks past the partisan press,
which has more taste for concocting fictions
than enterprise in gathering the actual news
of the campaign, has been constantly assert
ing that business men of the country were
greatly alarmed at the increasing prospect of
Hancock's election, and filled with forbodings
that their fortunes would be swept away in
the general "wreck of matter and crash of
worlds that would surely follow that event.
The constant REPETITION of these assertions has
led some of the wealthiest business men of
the city to give them the lie. On yesterday
afternoon the following address was prepared
and signed by those whose names are attach
ed, and it Is understood thatit will be signed
by others as soon as those who have taken
an interest in preparing it have time to
bring it to their notice. The signers need
no introduction to the residents of Chicago
or the people of the northwest. The ad-
dress is ae follows:
To the People--A studious effort is being
made 10 create an impression in financial, mer-
camille and industrial circles in
Chicago and elsewhere, that a change ia the adj
ministration of the general government, by
transferring its powers and duties from one of
the two great political parties to the other will
check reviving confidence and prosperity and
bring untold financial disaster upon the coun-
try. This statement is SO often repeated on
the hustings and in the partisan press as to
lead some thinking persons to believe that
election OF their candidates entertain very
contemplate opinion of the average intelli-
gence of the business classes of the country. 1t
l. certainly an insult to their common sense to
suppose that they can be made to believe that
the government is 30 weak that the mere trans
fer of power from one party to another can
haye any such effect upon the business inter-
ests of the country. 1t ID equally presumptu-
GUS to claim that the era of prosperity now
opening throughout the land, from ita centers
to its remotest extremities, is attributable
exclusively to the Republican par
ty, and the wisdom and purity
of its several administrations. On the
contrary. it is an historical fact that the worst
and longest period of financial disaster and
widespread bankruptcy that has eyer been ex-
perienced in the United States has occurred
during the administration of the government
by the party now possessing its reins. Thou
sands OF merchants who had passed unscathed
through all previous panics went down In the
crash OF the last seven years, and their estate.
passed through the bankruptcy courts
Every merchant Us the general causes
which brought about this dire condition OF
things. General extravaganza was d prominent
one. The chronic condition of poverty and
distress in the South, continued and aggravat.
ed by local bad government and the dilligent
cultivation of hostility toward that section by
| venomous and INSCRIPTIONS politicians, whose
continuance in power depends upon keeping
up such feeling in the North, was another
Widespread CORFU ion in some of the depart
ments of the gener al government, especially in
the bureau for the collection of internal reve
nue.. which led to the debauchment of the
public morals, was third
The causes which have contributed most
largely to
RESTORATION OF CONFIDENCE
in business and ths starting up of another ca
| reer of prosperity are, in the first place, the
general economy and industry, following the
period of extravaganza imposed upon and prac.
| ticed by the people, as evidenced, in pa t, by
the large excess Of exports over imports fol-
| the last five years. Secondly the abundan,
crops with which kind nature has responded
for several years past, wherever the soil has
been tickled by the farmer, ana the general
failure OF the crops in Europe, which created
an mmense demand for our cereals and pro.
visions of every kind, and brought US in return
an abundance of gold. The prosecution and
conviction in the courts of law of dishonest
officials and other revenue rogues, thus restor-
ing in part, q healthy tone in the ADMINISTERS
ton of one of the important branches of gov
eminent. which had been partially paralyzed
for years; and, lastly, the restoration of hon.
est local government an the Southern States,
NH oh has Ia1 k1a
States to 90 to work without disturbance from
without or within, and raise in the
past two years the largest crops ever
known In tho history of cotton-growing; and
thus the immediate fruit of the conciliatory
policy iatterly adopted toward the South, and
which policy is directly in harmony with that
declared by Hancock and his supporters, has
been not only to stimulate industry immensely
down there, but to open once more another aud
very valuable market for the country, and es-
pecially for the Northwest, which is thereby
adding every day to it's wealth.
Hence the claim that the country owes its
prosperity to the party in Lower, or that it will
go to rnin if that party is turned out of pow
er, is an audaciOus one, and
AN NUsLT TO THE INTELLIGENCE OF EVERY
BUSINESS MAN.
It is the opinion of the undersigned in COM
mon, az we believe, with majority of the
American people, that change of administra-
ton is desirable after the lapse of twenty years,
even were the party welding the powers of the
government less guilty of faults than the party
now in possession appears to be. It ia time to
take an account of stock by agents who have
not been handling the trust many wears.
Levi Letter. Cyrus q. Mccormick.
81. A. Kohn. Potter Palmer.
John r. Walsh. J.V. Clarke.
B. Lowenthal. A. F. Seeberger.
D. A. Hewes. John 81, Prentiss.
Chas Gossage. Clinton Briggs.
w. @. ID. G.annis. II. d. Colvin.
Lambert Tree. Conrad Seipp.
Robert Law. Perry 81. Smith.
Francis B. Peabody. Best, Russell & Go.
j. K. Fisher. Chas. Henrotin.
Geo. L. Dunlap. w. D. Kerfoot.
A. NJ. Waterbury. n. W. Sherwin.
John A. King. John W. Doane.