New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-09
TIE FEELING N WALL STREET.

IL Wall Street there was AJtlt ulSposiiVp vi NV
part OF prominent Republicans 70 discuss the results
or meaning of the elections publicly In private
however. the general opinion expressed by business
men WAS that the general Democratic victories were
largely rendered possible by tho action Of the last
Republican Co. gress IL its treatment Of the ques-
lions Of taxation. the tariff and expenditure for
National works. The methods Of tie Admlnlslra-
ton leaders of the party also were recognized as
contributing in gre o extent the course taken by
so many Republicans in voting against
the candidates OF their party. The main
basis on which hope was founded that the
party would recover its power III 1ss4 was
the expectation Of uuwlse action by the Democratic
Congress and Democratic state administrator
and the resumption of former practices by The
Republican leaders
At the suO-rreasurY a TRIBUNE reporter sought
twice to see Thomas Z. Acton, Assistant treasurer
for MS views on the situation, Mr.. Acton
declined to be seen, because he was
"extremey busy signing the new gold GER
tifcates." Pierre c. Van Wyck, superintendent
OF the Assay Office. said that the result in
New-York was due to the differences between tho
two sides Of he Republican party. Complaints had
been made by eacn against the other Tor when
there was of course, ground IN certain cases.
what the position OF the Press has been. / think
thai the press displayed great zeal more bitter
ness tuau 1t should have done, and instead of stnv
mg 10 tone GOWN tie bitterness, II Hritdted
III Mr. Van Wyck did not regard
tn result a. 4 demand fora change in the National
leadership of the Republican party. lie thought
that iu the end its defeat would he beneficial The
fu re- however cal ed tor cooperation II the party
and "a large degree OF tolerance.
Frederick :. Winston, president OF the Mutual
Lie Insurance Company, Pleaded the pressure Of
business a. an excuse Tor avoidance OF the e1-
preston of y opinion TO the causes OF defeat and
the prospect OF the EepusIcan future. " II my
f., mug 70 the result j. wished he sent out word
u tue reporter, say that | resigned 10 H."
james Neligman, when approached on the SUBJECT,
butlOned up his OvercOat snug!y, and laughln9ly
sad: There Is nutnlng n 1 care 10 say about
the election. We must ar or Oeteat Ike men.
As TO the future / have always made it
rule OF my life 10 trust 10 Providence"
Scion Humphreys OF L. u. Morgan Il Co.,
remarked thai the probable effect the Democrats
OF then victory wOulu be Uhat "thcy would lie
found standing on their heads wnen they should be
Standing Oh tnrlr toet.D SpeaNIl without jest, he
ADDED that IRON fresh Democratic mistakes IN Con-
gTess the Republicans We're likely 10 receive
strength before the next Presidential contest.
thai the army Of sJay-aI-hOme ReDubi-
cans was very large this year, and that
that was the reason for The Democratic victories;
not hcir own increased stTenC n. We have been
than Vi should ami The none, Is drawn, directly or
lntrectly, from every mans pocket. lnls tact and
fhe lnscnslUlIty SHOWN by Congress to the SEMI
meat OF the people III LtVor OF reduction OF the
unnecessary surplus n the National finances.
Was one Of The principal causes of
the result Another large contributing cause
was the River and IlaruOr bill--,he wasting OF
mOuey by Congress Another reason was the dis
approval OF tAe unwlse appOlntm TO Office made
Dy the President, III many cases without nls know
ing the true circumstances" Mr. Humphreys
Thought that the November defeats would have The
eject Of purifying the party.