Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-11-11
EFFECT ON BUSINESS.
MERCHANTS, BANKERS, AND OTHERS
ON The RESULT or THE ELECTION.
General xsassen--A bright Outlook for tho
south--A New Era OF Prosperity
Predicted.


There was general elation In the whole
sale business circles of Richmond ycster-
day. The feeling ON oil sides was that q
new era of prosperity had dawncd as the
result of the election OF Cleveland. Men
who week ago shook their heads eravely
whom asked about the business outlook
were not only buoyant but enthusiastic
regarding the prospect that presents itself
now. number of leading businessmen
were interviewed by DrseArCu reporters
regarding the effect of the election upon
trade and the consensus OF opinion was
that il would be wonderfully beneficial.
A.xsRcHASr MmiEs's WV.
Mr.. Charles l.. Todd, president OF the
Cssllego Mills Company. said: 81 regard
the election of hr. Cleveland and the
triumph OF the principles OF which he Is
the embodiment rs certain to promote the
restoration OF good feeling between the
North and South. IL will also restore IN
large measure our friendly relations with
foreign nations, which were so harshly dis
turbed by the passage OF the Mckinney
bill. The policy Of the new sdministra-
ton viii undoubtedly be to broaden and
deepen reciprocal relations with ell other
nations on a basis of fair and liberal inter-
people will prosper and monopoly VIII
vane. The country having testified It's
confidence IN Dir. Cleveland's conserya-
tism and ability by a verdict so over
whelming, il ia idle TO fear any financial
disturbance. 1 therefore confidently ap--
prehend a revival of trade generally, and
in the southern States especially ar en-
hancement in the value OF our products
and pernanepcy IN our prosperity"
WHAT BANKER THINKS.
Mr.. John l.. Williams, of the firm Of
John l.. Williams 4 Sons, bankers and
brokers. said II regard the election OF
entire country. II affords the strongest
testimony TO the character and intelligence
of American citizens and their love OF
virtue and patriotism. 1t is q protest
against tyranny, injustice. and corruption
in any torn. Ii gives assurance that our
people are devoted TO the principles OF
the Constitution and are capable OF self
government. Ii guarantees to the southern
people the protection OF their rights and
a fair participation in the General Govern
ment: and as q consequence, II Will give
confidence TO all our investments and en-
enlargement to all enterprises, and Will
help every interest In our section. III
ends the story of the civil war and estab-
fishes and pToclaims peace"
VOICE FROM THE rERrrLIzN0 INTEREST.
Mr.. s. III. Travers, manufacturer and
dealer in fertilizers. expressed the opinion
that the general line OF policy OF the
Democratic party would benefit the trade
of the country at large and particularly
that Of the South, because the South was
an agricultural country. There would
be an actual benefit; also a sentimental
benefit. growing out of a restoration of
confidence The best evidence OF how
feel" added Alr. Travers, lis, / think,
found in the fact that SINCE the election
/ have bought materials refused TO pur-
chase at the same price before the cleo
ton"
Mr.. George d. Thaxton. dry goods and
notions. said Il think the result of the
election will improve business wonderfully.
There will be general restoration of con-
fdence in the South. and people will be dis
posed 10 do business. OF course. il will not
help the crops, and we may expect hard
times for little while longer. but il will
ali be right in the end. Men know where
they stand now. They did not before the
election. regard the victory as provi-
Dental"
IMPRESSIONS OF ANOTHER BANKER.
Mr.. Charles f. Workman, of Davenport
a Co., bankers and brokers. said: The
result OF Mr.. Cleveland's election means TO
the South political quiet and that conf |
dence IN the Souths stability which can
but lead to development of its vast re-
sources, and induce the outlay of further |
capital in southern enterprises. To the |
North, save TO the over-protected INDUS |
tries, il can but mean continuance of |
prosperity and a confidence in the money |
question superior perhaps TO that which |
could attach to Mr.. Harrison, for the rea-
son that Mr.. Cleveland's views on this |
question are not only we'll known to be
sound and acceptable to the financial GEN. |
tres of the country. but have been adhered |
TO and successfully maintained under q
test the most crucial to which candidate |
for political honors can be subjected.
He has been tried by the ordeal of fire |
and no dross has been found. The De- |
mocracy of the nation has found leader |
who not only forms policy for his party, |
but leads them TO victory by the strength |
of a convection which knows no abate- |
ment of high resolve and noble purpose"
Mr. Stephen Putney. of Stephen Putney |
a Co., said the result will boom business. |
Mr.. Orrin Cottrell. of Cottrell, Watkins |
a Co., was satisfied that the result would |
be immensely beneficial 10 the trade of |
the country at large. and particularly that |
of the South.
AN IBos-MAS's OPINION.
Mr.. Arthur b. Clarke, president of the |
Old Dominion Iron and Nail Works Com |
pdQN, sdlu: ne tuecJ Oh lue eibCllOu on |
business in the South will, no doubt, be |
very marked. The force bill has hung like |
q black shadow over the land and has had |
q very depressing effect on all classes of |
people. The removal of il from the hori- |
Zon will restore confidence in all lines OF |
commerce. Tariff reform, which is fea- |
ture in the Democratic platform, has no |
terrors for the South, and wildcat bank |
ing is not thought Of"
WILL BENEFIT TIE SOUTH.
Otway S. Allen. Esq.,: Mr.. Cleve- |
lands election will do more to bring about |
more friendly relations with the West |
than ANYTHING that has over happened. IL |
will certainly make money easier In the |
South and will cause prosperity in many
sections where stagnation now exists"
Junius A. Morris. of the firm of Daven-
port & Morris: ~ have not studied care
fully the proba Die effect upon our markets
of such a victory. but il is certain that il
means much for the South. IL will, of
course, be at least eighteen months or two
years before any real benefit as to the
cost OF commodities can be realized. |
feel as do all other Democrats, that much
brighter times are now in store for u.s."
MIR. Samuel Hlrsh, of the firm of nj. Mill
hiser q p: Whenever all the people are
made glad by any great occurrence they
do not hesitate TO be confident in business
and other pursuits of life. While the cleo
tion of MIR. Cleveland will probably not
materially affect the wholesale clothing
trade directly, 1t has certainly given such a
stimulus TO the South as 10 open up its in-
dustrles and TO cause money to be more
plentiful. There will be no feeling of de-
preston Tor at least four years to come"