New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-07
CORDIALLY RECEIVED IN WALL SIRhhi.
CAREFULLY READ AND COMMENDED Br BUSY
BANKERS AND BROKERS.

CAREFULLY READ AND COMMENDED BY bCef
BANKERS AND BROKERS.
In Wall Street circles the letter of acceptance Of
President Harrison was cordially received. The re-
nomination OF the President by the Republican Coh-
venton had appealed TO the conservative instincts u
bankers and business men with peculiar iorce' ah'
the tone Of the letter seemed complete )lstlhca-
ton Of the approval previously given Inc iett~
was recognized preserving the dignity and serious
ness Of the campaign, that Democrats as Well az
Republicans could unite in commenting the hgh
plano upon which discussion has been estabhsheu'
II is not often that publication OF this sort receives
the early consideration that seemed to have been won
BY the Presidents utterances. Busy men In inc
Street are wont to lay long document aside for
persal In the evening, and there were many brokers
and bankers who excused themselves yesterday froIp
commenting upon the letter because they had no'
given IL a sufficiently careful reading But the ton"
and temper OF the comments printed further on BIO"
that there was unusually wide reading OF President
Harrison's formal review OF pending issues. Even
those who had only hurredly glanced at 1t saw ano
admitted the strength Of the document
THE DOCUMENT Is A vOTEGErTER."
The sentiment among Republicans was one OF I'M
slloyed satisfaction. The letter was recognized III
stsntly as "vote getter" because OF It's vigorous
grasp Of the controversies between the two partie1
and the lucid presentation Of the salient points OF
the Republican argument. Admiration wns com
manded BY the merciless, yet reserved manner In
which the President seized every weak point In tho
Democratic platform and crushed II With cogenr
reasoning The exposition OF the strength OF the
policies of Reciprocity and Protection was regarded a'
masterfuL while the warmcst praise was won by the
skiluI and powerful handling Of the financial issues
involved In the campaign. Bankers were acuteN
touched by Mr. Harrisons incislve treatment OF the
currency plank OF the Chicago Convention ana MS
declara tons on the question OF bmetallism were &C
cepted as rot only sound but full OF Significance I"
the possible achievements Of the party committees
70 the best efforts in this direction. To up tn"
tenor OF Wall Street comment, 1t may be said that
the Presidents letter sounded with sure touch IN"
notes that move believers In sound policy ana sai"
finances 10 contemplate with aversion any suggestion
that would exchange a conservative Administration
for untried or disturbing radical policies.
WARM PRAISE FROM BRAyToN IVES.
Brayton Ives president Of the Western National
Bank warmly commended the Presidents letter. u
regard points made by Mr.. Harrison as TO the re-
peal OF the tax state bank notes as simply uhan-
sversble,n Mr.. Ives said. From financial stand
point the declaration that subject Is the weakest
feature Of the Democratic position. aud am unable
TO SEQ how any sound Hnancer approve that plank
In the Democratic platform In my opinion II there
WIRE any belief In banking circles that the
Democratic party would be successful in November,
the apprehension of the effect Of the proposed action
On the tax State bank notes would cause very Sc
rious depression. But / am thoroughly convinced
from conversations / have recently had with some
prominent Democrats that the leaders Of the party
have little real hope Of success.
aAnother point the Presidents letter emphasizes IL
this 1t seems TO to be evident that the efforts 10
divert attention to the socalicd Force bin are not
successful, and that the people will keep In their
minds the real issue. which is the Tarnthe question
Of Protection and Free Trade. The facts and figures
on this question may not he disputed. II makes no
difference whether the figures given out from
Federal sources by Democratic authority like the
report Of Commissioner Pech. in every case the
suit Il the same. II shows that, contrary to The
Ssetaton Of many yerssss. the workings Of the