New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-01
WALL STREET WIDE AWAKE,
PLANNING A BIG REPUBLICAN PARADE.
QUIET BUT EFFECTIVE WORK GOING OMAN
APPEAL TO BUSINESS MEN GENERALLY TO

QUIET BUT EFFECTIVE WORK GOING OMAN
APPEAL TO BUSINESS MEN GENERALLY TO
JOIN IN THE DEMONSTRATION
Those persons who imagine that the surface quiet
OF the Republican campaign in Wall Street indicates
apathy In the great financial district Of the city are
woiuiy mistaken In spite Of the handicap imposed
ior several weeks by the prevalence Of the cholera
scare" which distracted the attention Of many
brokers, hard work has been going on right along
ana there will be plenty Of fruit shown when the
general election excitement reaches It's height
strong Republican club is well under way, and ar
raneements are already making for a combination Of
all che business campaign organizations in the city
In monster parade later in the month.
The absence Of loud talk and "hurrah" from the
present contest has msled some persons into believ
ing that apathy prevails On the contrary there has
been an amount Of earnest individual effort put into
the Wall Street canvass that bankers ami brokers
say they have not known In years, and in a few
days the result of the quiet labor performed will be
painfully evident to the Democrats who delude them
selves with the idea that the friends Of Protection
ana Honest Finance have been sleeping on their arms
The very quietness Of matters on the surface BODIES
no good TO the Democratic cause. II indicates an
Inertia Of conviction the part Of many members
Of the financial community that the Republican Ad
ministraton Is so strongly ntrenched In pubic opn-
Ion. and that the campaign for change has 80 little
reason upon which to rest that the Republican cause
needs less aggressveness than usual OF course such
sentiment might be INDUCED in to q dangerous ex-
tent but there need be no fear this score Within
week there will be plenty Of evidence that the
financial interests Of the city aroused and ready
to give effective support to the doctrine of pro-
tcctive tariff.
In many respects the present campaign invites the
earnest thought of the banking and business world.
The suggestion of possible change IN existing
policies Of revenue and finance, it Is believed by
numerous persons, is largely responsible for
much Of the stagnation in Wall Street markets and
the extreme caution OF capital in making
lures. Bank presidents and bankers recognize In
the radical declarations Of the Democratic platform
against the constitutionalty of Protection and In its
threats unrebuhed by the party's candidate to re-
store the wildcat" banking methods Of earlier days,
dangers Of disturbance to business interests only
second TO their actual accomplishment. 1t has been
shrewdly remarked by a prominent Republican bank
president that his Democratic friends would already
be In a state OF panic II they did not lu themselves
with the theory that their partys bark Is worse than
its bite But conservative bankers know that 1t is
the height Of folly to permit party to secure con-
troll Of National affairs when it is tainted with even
the suspicion Of unsoundness on monetary and
economic subjects. The free-slver record o. tne
Democ, attic party, too hangs upon 1t with darnasn
force In spite of the sound views at times expressed
by its National leader. Wall Street men are ponder
ing well the menaces to stability and prosperity
written In the Democratic articles Of fath-written
too deeply for any candidate to endeacor to ehace
them-and they cannot forget the history OF 'he
exposition In prt crises Involving the National
honor and credit The men who have been actvcV
wording to organize the dormant conservative ioNes
Of Wall Street say that they have found the way
easier to preach the need Of Republican acuvi'y
because Of the undercurrent Of sentiment that
acknowledges the superior position Of the Repuo
ucan candidates and party regards the questions
which vitality concern the safety Of capital and the
well-being Of labor.
Soon after the nominations at Minneapolis; the
leading Republican members Of the Stock E1cnahse
revived the Bankers and Brokers' Republican Club,
with James D. smith, of James ID. Smith d. Co., az
No. ~ Broadst., as president, and Edward A. Drake
Of Drake Bros, at No. Ga Broadway, as secretary.
Enrolling officers were appointed to make sys~Iauo
canvass Of the downtown exchanges, the banks trust
companies and other financial Institutions for mem
bcrs. Conferences with active Republicans IN the
other exchanges led 10 the adoption Of scheme OF
work which VII mass into one club body the pnh-
cipals and clerks OF all the financial firms ana IN
sttutions covered by the gene1e term ""Hi
Street. instead of having number Of separate or
canizations There is disposition TO discourage any
separate financial club that 1t may be deelneo Wise
10 FORM but the Republican financial community as
whole will be embraced in the scope of work OF tn
Bankers and Brokers' Republican Club. which has
become historic for its gallant and Impressive turn
outs of members in the great Republican campaign
professions Of the Presidential years since 1850 one
of the most encouraging features OF the WORK OF en-
roment 20 far performed has been the ease with Wlch
recruits have been gained from the young CLERKS ~
banks and brokerage Offices, who VIII cast theii nrst
in this critical contest It is understood ua
about 5000 names have been secured Tor IRE rJstes
of the club. and many more are certain 70 DC aoucu
before the campaign is much older s Bankers and
Brokers Republican Club will be ready Tor puolcs-
ton In few days. 1t will contain the names OF SOM
Of the Stock Exchange and the Cohsodaleu otocA anu
Petroleum Exchange, of bankers, bank oIhcers ana
officers of trust companies and kindred institutions.
1t was not considered advisable YESTERDAY 70 give any
par1ial list OF Names Of the men selected for
the honor OF the Office have been out OF towIl or ~
other wave could not be communicated with secretary
the list without his knowledge and consent simply for
the of padding. livery name VIII De Euail,e
OF the importance attached to Republican victory oy
fhe conservative interests Of the city.
The Tribune Is able TO announce that arrangements
are being perfected for a business mems parade prior
to election, and the day is virtually decided upon
1t Is earnestly requested In behalf OF the Bankers
and Brokers' Republican Club that all Repuoican
business clubs which took part In Tie Republican
professions Of 1883. 15s4 and 1880 immec eely com
pete their organizations and confer with The central
body possible with regard to the coming
parade This appeal addressed to tae
maritime, cotton, metal. iron, hardware. jewellers,
lawyers students drugs, railway and steamship hlde
and leather carpets clothing hn'ers rrie n erlu
interests that have III the past contributed TO the
success Of the Protection demonstration: Com
munications may be addressed either to james d.
Smith president OF the Bankers and Brokers' Re
publican Club at No. 40 Broadst.. or to Edward A.
Drake secretary at No GA Broadway.
A BIG MEETING AT SHORT NOTICE.
Enthusiasm for Harrison and Reid is growing every
day In the new XIvth Assembly District "The