Morris tribune., 1883-12-15
GOOD TIME COMING.
No Improvement in Business Until
After the Presidential Election;
And Then Another Boom - PreSi-
dents Term too Short---Arthur
asa Candidate---E Empire
state Politics.

New YORK, Dec 1S-''Gath" says: was
talking to Gen. Fra IS Herr ON about the
present relations between business and poll
tics. Gen. Heron commanded the largest
division in Grants army at Vieksburg, and
received the surrender of the trans Mississippi
Confederates.
Said to Heron: General, what is your
view of the business situation!"
''I 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 un-
steady; because business people, unable to
form their own conclusions, will have to con-
slider congress as an influence.
''Do you expect, meantime, that any panic
will happen?"
mo, you can only get up panic by break
ing the banks. In 1878, 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
1878 the banks have remembered their
situation at that time, and they have steadily
rooted out for the past year commercial
paper, manufacturers paper, stock and
whatever would not stand under excitement
Besides, for year or two past there has
been a trimming III almost every mans prl-
vate affairs, sensitive as he is to another
panic like 1873. That is ore reason
why these great stocks of goods are not at this
moment worked off. Overproduetion was
coiacil dent with economy OF consumption and
taking in sail among the country merchants
Ill, II Slo. hat
we are not going to have active bushes for
at least ali winter, but think by this winter
a year we are liable to be on another BOOM u
'sGen. 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 O long presi-
del.tial term. They want eight years instead
CT four"
sDoy you hear any objection to the popular
election of president:'
'sNo. The system of eiecting tho chief
magistrate has become SO traditional and in
evitable here that all that is asked is longer
term, SO that the intervals Of repose viii 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 harmo2izing his own party, which
his performances in the previous year had 3
good deal cut up. Yet l find on con.
versation at the Union League and
around in business circles, that there
is feeling that Arthur does no;
possess the attaiunlents for a 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 OF
foreign.
'sWhat is your view about the next Re
publican convention admitting the southern
states to equal representation for the purpose
of nominating Arthur."
SIT will not do at all. 1t will make more
hostility than the Folger emeute at Saratoga
The Republican party would be in a strange
condition to nominate president only by
the votes Of the state they never expect tx
carry. do not see in what other way MIR
Arthur can expect to get the nomination
and if he gets in that way it viii do him NJ
good"
s'What is your view about Republican sue
''It seems to me to stand just where it has
stood for the past fifteen years. There az
nough votes in the country to turn the Re
publicans out; but toward election day larg'
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 soli'
south and its large foreign contingent. S
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 tax
Kelley, for instance. Notwithstanding al
that is past, he derives his national promi
nence from having fought with Gov Robin
son. That Irish element is rather fond o
rebellion. This past year it got into qual
rel with Cleveland The plain lesson t.
American Democrats is that they can no
succeed unless they give into the wors
rnathods of Irish politics in our cities