The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1883-12-13
GOOD TIME COMING.
No Improvement in Business Until
After the Presidential Election;
And Then Another Boom - Presi-
dents Term too Short Arthur
as "a Candidate---Empire
state Politics.

NEW YORK, Dec I3--eGath" says: was
talking to Gen. Fra is Herr about the
present relations betwe cen business and poll
tics. Gen. Heron commanded the largest
division in Grants army at Vicksburg, and
received the surrender of the trans Mississippi
Confederates.
Said ] to Heron: General what is your
view of the business situationg"
81 do not expect that business will be good
until after the presidential election, because
the presidential election is always a disturb
ing cause, and we have congress to sit all
this winter and make things more or less I'M
steady; because business people, unable to
form their own conclusions, will have to con-
slider congress as an influence.
sDo You expect, meantime, that any panic
will happens"
mo, you can only get up panic by break
ing the banks. In 1873, when the iron-mills
had to close down-we will say in Pittsburg,
where was raised nearly every firm in the
business had doubled its capacity, and they
owed for one-half of their plant and shops.
The banks, under the greatest strain, carried
most of them through. Ever since
1873 the banks have remembered their
rooted out for the past year commercial
paper, manufacturers paper, stock and
whatever would not stand under excitement
Besides, for a year or two past there has
been trimming in almost every mans pri-
vate affairs sensitive as he is to another
panic like 1873. That is one reason
why these great stocks of goods are not at this
moment worked off. Overproduction was
coincident with economy of consumption and
taking in sail among the country merchants
and the people. Therefore, / consider that
we are not going to have active bushes for
at least all winter, but think by this winter
year we are liable to be on another boom :"
''Gen. Heron, if presidential election is
such a disturbing business cause, why do not
the people eXclaim against it!'
They do" replied the general without
regard to party, find that all men of enter
prise and responsibility want a long presi-
dental term. They want eight years instead
of four"
"Doy you hear any objection to the popular
election of president"
mo The system of electing the chief
magistrate has become so traditional and in
evitable here that all that is asked is a longer
term, so that the intervals of repose will be
longer. Once every four years is too often to
| knock the country endwise. That feeling, /
find exists without regard TO party
General, what do you think about the
presidential nomination.
81 think that Arthur has made a reasona-
bic president, prudent and quiet and has
! done good deal, especially in the past year,
| toward harmonizng his own party, which
his performances in the previous year had a
good deal cut up. Yet l find on con
yersation at the Union League and
around in business circles that. there
| is a feeling that Arthur doese not
possess the attachments for chief magistrate.
! He will do very well in quiet time, but he is
just sufficiently weak it is said, to be failure
in case we had a crisis, either domestic or
| foreign
"What is your view about the next Re
publican convention admitting the southern
states to equal representation for the purpose
of nominating Arthur
at will not do at all. 1t will make more
hostility than the Folger emeute at Saratoga
The Republican party would be in strange
condition to nominate president only by
the votes of the state they never expect to
carry. | do not see in what other way Mr..
| Arthur can expect to get the nomination,
and if he gets in that way it will do him no
| good"
What is your view about Republican sue
cess next time!"
at seems to me to stand just where it has
stood for the past fifteen years. There are
nough votes in the country to turn the Re
publicans out; but toward election day a large
Democratic minority, especially in the pros
porous cities, goes over to the Republican side,
not being satisfied that things will not drift
into worse. The weakness of the Demo
cratic party in the northern states is its solid
south and its large foreign contingent. So
far as New York is concerned, never ex-
pect to see it go Democratic in the presiden-
tial year as long as there are two organiza
tions in the city of New York. You take
Kelley, for instance. Notwithstanding all
that is past, he derives his national promi-
hence from having fought with Gov. Robin
son. That Irish element is rather fond of
rebellion. This past year it got into quar-
rel with Cleveland. The plain lesson to
American Democrats is that they can no;
succeed unless they give into the worst
methods of Irish politics in our cities.