The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-11-10
4 BUSINESS INTERVIEW.
COMMERCIAL TRAVELLERS SAY
roo Murh Cottou--OVcr rroductiop-rhe
business Interests Supreme Can't
Afford So Rint-}Nar Is Inn
pOssibie--Brttsg rimCs.

pOssibie-Bettsg rimes.
4 A HERALD reporter interviewed
a prominent commercial traveller yes
kterlay, Sunday though it was, who has
kbeen for several weeks travelling in the
|aIorth and VEST OF the business outlook. |
Fin answer 90 the question of what he
Thought OF the business outlook, the
/ size of the cotton crop and the general
prospects Of trade and traffic, he replied
3that the matter of large or q small
fcott0u crop cut but little figure now.
EThe sliWncss OF trade in the United
States and Canada, the iuahllity TO spec
ulate because OF the closeness in money
and the raising Of the interest rate by
the Bank OF England, he said, would
cause cotton to go lower. What
seflect, if any, has the election
'tlad on trade2 asked our scribe.
Il can't see that ii has had any, nor do /
think elections ever do. 70 be healthy
#trade mist DO natural you know, anu
Such is not the case ilst ul present, and
"a hardly think il will be before next
Xepring. Then an ovrr the country the
= railroads VIII have brought the large
Crops of tie country generally TO market,
which will have tendency 20 give us a
4 plethora of money. This viii be loaned
out more literally thau has been thu
cease during the past six months. There
fore we may reasonably then hope for
an Improvement in business. As to the
cotton crop, as before said, it matters
little at this .uurture whether the crop
be largeOr small, 10 80 far as an advance
an prices is concerned. ! really think
the best thing that could happen to the
country, OF perhaps more properly
speaking, the cotton producer would
be an entire and absolute
failure of a cotton crop
if such thing were possible. The
reason / think this is because there is
Too much cotton being grown. The sup
ply eveR with an average crop or with
less than an average crop Is greater
than the the demand, so long rs there
remains so great q surplus on hand as
is now the case There is enough cotton
left over from last year and the year
before crop tn keen all the mills in this
country and Europe running for a year.
"a III this surplus was disposed of then
the producer would get fairer price for
his cotton, the Speculation would have
a wider margin on which TO operate and
the consumer would not have to pay
more Tor his cotton goods than he does
now either. As Il matter of course the
Failure entire OF cotton crop would 20
heavily with the producer for the limo
q being, but in the end he would greatly
+ proht by. IL is not fact that
cotton is king. He is a sham monarch,
but is tyrant withal, as affairs now
" are.
How are money matters at the money
centres now2
The banks in New York and Boston
hold funds largely in advance of what
the law requires them to do, an evidence
that feeling OF mll confidence has not
Al yet been restored. We know that in
Ordinary times these banks would mako
use of their d posts, but now they are
waiting, wishing to he prepared for any
emergency that IN V arise. To be pru-
dent ~ wisdom it is true, but il seems
to me that n repetition of the panicky
n days of May and June last need not be
feared.
What are the probabilities for COM
merce in the future?
Il For the immediate future they are
not flattering or hopeful. Merchants
are wary and watchful, fear
Fl ing TO buy heavily, cuntenting
themselves with small purchases rom
(" Time to time as they may require. 4
Il pretty general stagnaton is the conse.
"A qnence of this. IN the east a number of
mills have stupped work as they have
no outlet for their products, and prefer
lying idle to working Mt loss and car
Ia ing heavy stocks too. The result of
I'd this will be that say about next sum
T. mer, domestic goods will advance.
n Is there a pos ipjity or a probability
Ot any row or distu ban over the cleo
ii on, or rather over tho vote of New
. York, in the presidential election?
None whatever in my opinion. Tho
d monoyed amt business men of the cnun-
'+try will not permit d.. New York l.
. tanf thor f,nl4fUNu
AMI no returning board schemes
can work rs To that state.
There can be no disturbance,
difficulty, row or anything of the kind
unless the Republicans raise Il, aud the
money kings OF Nov NuHs aud the other
great cities will not permit this. Why
Jnst think what the consequences would
I boz Tho riches OF the Goulds, the Van
derbiltS. the talchos. the Sagcs and the
& many other uobohs of the land consists
oi stocks and bonds mostly, aud in case
-pt y revolution, or even II quaSi-revu.
r. Hutton, these properties would 50
Shrink IN value that every one of them
would he made plupprs. The financial
and commercial Interests of the country
would be entirely paralyzed. II would
pc like sudden cessation of the tides and
T currents of the ocean. Stagnution and
would follow. The business
/.. "hN Ah'iiN. N'l iiNils lilt lltltNWlls
and bankers and spectators aud man
'iiacmrers and railroad owners of the
+ country cannot afford 10 have a disturb.
|nnce. The matter { the presidency /,
||not worth It, weighed Ia the balances
with the financial ami commercial inter.
. tests of the country, and say what YOU
will, these are the ruling forces and
IA powers In our country. They will MOI
n Jet the Republican lenders mREetroublo
d The almighty dollar "a supfpme.