The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1884-11-13
A BUSINESS INTERVIEW.
hoomMeaolAL taAVelsNs SAY.


4 HERALD reporter interviewed IL
terday, sunday though 90 was, who has
ioen for several weeks travelling In tifr
north and west, en- tho business outlook.
IN answer To the question of what he
Thought of tho business uuil.1E, tbo
size of the cotton crop md the general
prospects of trade aud trah.c, ho replied
that the matter Of q largo or small
cotton crop cut hut little figure now.
Tho slimness of trade in tho United
States aud Canada, the inability 70 spec
ulatc hOcnusp OF the clu~ruoss IA money
aud the raising ut tho Interest rnio ny
the Bank 0f England, ho SAID, would
cause cotton q" 20 lover w hat
. had had ON trssdSS asked our scribe:
came sec that il has had any, nor do
fi< elections over do. To be healthy
trade must be natural you know, ana
such Is not the case Just at present, ana
/ hardly think IT, viii bo before next
spring. Then all over the country the
railroads will have brought tho large
CROPS of tie country generally 10 market,
which will have n tendency TO give us q
plethora of money. This viii be loaned
out more literally than has been tho
case during the past six months. There
tore we may reasonably then nope Tor
an improvement in business. AS Ia the
cotton crop, rs / before said, IL matters
little mt this iunrluro whether tho crop
be large or small, In so far AZ an advance
In prices is concerned. | really think
the best thing that could happen to the
country, or perhaps more properly
speaking, the cotton producer would
failure OF II cotton crop
if such thing We're possible. Tho
reason think this is because there is
too much cotton being grown. The sup
ply even with an average crop or with
less than an average crop Is greater
than tho the demand, so long as there
remains so great II surplus on hand as
is now the case. There is enough cotton
left over from last year and the year
before crop to keep all the mills in this
country and Europe running for Il year.
If this surplus was disposed of then
the producer would got Il iairer price for
his cotton, the SpeculatOr would have
wider margin on which TO operate and
the consumer would not have to pay
more for his cotton goods than he does
now either. AS q matter of course the
failure entire OF u cotton crop would go
heavily with the producer for the time
being, but in the end he would greatly
profit by. IL is not fact that
cotton is king. he is sham monarch,
but is tyrant withal, NJ affairs now
are.
How are money matters at the money
centres now?
The banks in New York and Boston
hold funds largely in advance OF what
the law requires them to do, an evidence
that "a feeling OF full confidence has not
vet been restored. We know that in
ordinary times these banks would make
use of their q posts, but now they are
waiting, wishing to be prepared for any
emergency that may arise. To be pru-
dent Is wisdom, IL is true, but it seems
to me that repetition of the psnicky
days of May and June asst need not be
feared.
What are the probabilities for COM
merce in the future?
For the immediate future thoy are
not tlatterng or hopeful. Merchants
a ns to wary buy and Seav Tn'h conten isag
time to time as they may require. a
pretty general stagnation is tho conse
quence of this. IN the east q number of
mills have stopped work rs they lave |
,uo outlet for their products, and prefer |
lying idle to working at loss and car
rying heavy stocks too. The result OF
this will be that, say about next sum-
mer, domestic goods will advance.
Is there a posSibiI.t y or a probability |
of any row or disturbance oyer the cleo |
ton, or rather over the vote of New
Fork, in the presidential election?
! None whatever in my opinion. The |
moneyed and business men Of the coun-
try will not permit it. New York j.
neither Louisiana nor South Carolina,
and no returning board schemes
can work as to that state.
There can be no disturbance,
difficulty, row or anything Of the kind
unless the Republicans raise it, and the
money kings OF New York and the other
great cities will not permit this. Why
Just think what the consequences would
be? The riches OF the GOulds, the Van
derbilts, the Hatches, the Sages and the
many other nabobs of the land consists
of stocks and bonds mostly, and in case
of revolution, or even quasi-revo-
luton, these properties would SO
shrink in value that every one of them
would be made paupers. The financial
and commercial Interests of the country
would be entirely paralyzed. 1t would
be like sudden cessation vt the tides and
currents of the ocean. otagnation and
would follow. Tho business
men and moneyed men, the merchants
and bankers and spectators and man
rfacturers and railroad owners of the
country cannot afford 10 have disturb
ance. The matter If the presidency is
not worth it, weighed in the balances
with the financial and commercial inter
ests of the country, and say what .you
will, these are the ruling forces and
powers in our country. They will not
let the Republican leaders make trouble.
The almighty dollar is supreme.
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