The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-20
WARD MALL1sTER's VIEWS.
And Bis Conversation With Some of
the Leading Men Of the Country.
From fbe Nsts KorL Wo~I,i

And Bis Conversation With Some of
the Leading Men of the Country.
From the NeW York World
NEWPORT. Sept. Bon Sept. 8. I spoke
to brilliant party Of men, representatives
OF the politics, wealth and responsibility of
our country, whom l was entertaining, and
commented on the amazing fluctuations of
value with us. A week ago impatient men
in business discovered our then cloudy and
tempestuous financial outlook. Men were
failing and the banks were demanding in
creased collateral for loans, and calling In
loans. We were rapidly floating into a
financial crisis. We could not easily Dor
row money, and they felt that the financial
distress IN London had evideltly reached to
this country. Many Of our great specula-
tors we're reported to me es having lost vast
sums. How could it be otherwise, they said.
in the then state of things!
happening just at this time to be called
to the city, sauntered into Wall street TO
inquire for myself, as is my usual habit,
and TO learn what all this grumbling and
commotion amounted TO. Imagine my sur
prise to hear from old, conservative bank
presidents that literally O miracle had oc-
Cured. 1t seemed as IL Providence had
mercIfully interposed to protect us from
disaster. Europe had been forced to
recognize the fact that its people would soon
be clamOring for bread. Russias and Eng
lands grain crop were failure.
Both these countries must now look to
America to supply their people with cereals,
ana here our people at once awoke to the
fact that our crops we're abundant and th at
we were able to give to Europe all she re-
quired in the way of breadstuffs 1t was
seen that there would be European de-
maud for every grain of corn we could
spare, knowing that in past days our west -
ern farmers even burned up the cornfield
fuel out Of their abundance of it, With
such facts on record it was felt that for this
country there would be an unparalleled era
OF prosperity. You may say then that in
few days the whole American world recog~
nized this
gThe banks at once opened their Golfers to
their lately straitened customers, collaterals
that were week before rejected were re-
| celVed, and 1t was felt that the gold we had
| lost would be restored to US fourfold, for
| we. In possession of such crops, were to be
called on to feed great part Of Europe.
Now Is not all this fabulo1s2 In a few
days the whole country's seeming financial
distress, the gloom that hung over Wall
street, was dspelled. Everybody now
PUSHES to New York, to Wall street. feel
| Ing that there is great future for them, q
world of speculation and untold fortunes in
store to be gained by the bold and daring.
| 1O-uuy We are Uu6 FlC0eSb country IL the
| world. 1t was but a year or two ago that
heard the late August Belmont, then one OF
tho great financial minds Of this country,
assert that there we're more men in this
| country worth over 81, 000, 900 than in any
| country in the world. In the old world
wealth accumulates and men decay. "
| Here wealth steadily but surely reaches a
multitude Of men. At this place, the sum-
mer resort Of the wealth of this country,
we have abundant proof Of what we say,
for we have the successful and wealthy rep
entatives of every trade in this country.
| Trade has enriched them, and they come
here to gain social footing for themselves
and families.
| Our politicians now await with some
anxiety the result Of the Ohio elections, the
| question Of free silver being the issue to be
fairly and squarely met there. The defeat
there Of the advocates of free silver by their
| opponents will be a complete vindioatiou of
| Grover Clevsland's silver letter, by which
at one time many of bis friends thought he
had cut his iugular vein, politically.