The Windham County reformer. (Battleboro, Vt.) 1876-1897, 1893-07-28
LOCAL OPINION.


Dowley and E. q. Crosby Tel about the
Sherman Law and the Tariff Prospects.
Interviews In the Boston Sunday Globe.
Perhaps two OF representative business
men as there are In Bratlleboro are George s
Dowley, president OF the Vermont Na:fona
bank, and Edward Crosby.
As some croakers are beginning to stand
on the corners and predict dire disaster, 1t Is
interesting 10 hear what these gentlemen,
who have unusual opportunities for studying
the situation, say on the business outlook.
Mr.. DUwley Is one of the most familiar
figures seen on the streets Of 3rattleboro and
has way OF getting to the heart Of a subj ct
In the most direct way. His figure Is Just
sufficiently portly TO show that his digestion
Is In capital order. but he has an enormous
capacity for work, and at times be shows so
much energy that q looker.on would think
that he was driven by the engine of the
White mountain express. HIS face Is strong
bis chin broad, mustnche ornaments his
upper lip, and cIosely-cIippad side whiskers
run down an inch or so on the sides Of lis
| face.
In substance, this is what Mr.. Dowley
said: mo one here 10 Brattleboro has felt
the tight money market, hardly to the extent
of q dollar. We have not had customer
whose credit warranted loaning to him that
has been refused loan Il he wanted to use
money for his Legitimate business. We pre-
lcCC JuT lUChI CuslOultTS " luc CAtCut VI tuCli
legitimate credit.
II understand that business Is good with
the merchants, and 1t certainly looks so to
me. The same Is true of our manufacturers.
We have not been killing In this section, and
none OF our people have been caught with In.
vestments In some Of the western companies
that have been caused to suspend, and that
Will probably take millions out OF the people
In other places, and some OF It. l AID sorry TO
say, comes from northern Vermont In this
section we have invested our money largely
at home, where we can look after 1t.
II bad occasion not so very long ego to H.
vestiga,e one ST the western companies that
has recently gone under. The agent. whom
knew as likable man, asked me to look up
their standing with view to investing.
did so, and was surprised at the wildcat
methods. l told him frankly that 1t was only
q question of time before the smash would
com? that would not invest dollar, or
indirectly advise any one who knew me 10 do |
so. The smash came and l was not surpris.
ed.
at pays to keep cool. can hardly cor
ceive of a moro striking object lesson than
Denver has just received. The governor OF
talked In an exceedingly foolish
way, many of the people seemed to agree
with him, and the result was that eastern
banks that would be disposed to assist the
Denver banks In panic or when they needed
VSILmbtC loduo uiu HUI QnIS w oShu AiAohCy |
o a community where even the governor
alked of wading deep In gore.
"If congress will promptly wipe out the
Sherman law 1t will do much to restore con.
idence, but It Il necessary In my judgement
hat the tariff should also be determined
,efore business men will feel that they can 60
head and map out plan to do business on a
arge scale with confidence.
'hen that is aSnc wa shall 60 on TO
,reater success"
Mr.. Crosby was just home from trip 10
which be bad seen many OF the firms custo.
rn New York, Massachusetts,, Connecticut.
Jew Hampshire and Vermont. and he had {
alked with scores of business men. T.,
In substance this is what he said: odd
GU ever STE any one SILVER and tremtle at a
host that could not tie seen! Well, that Is
THAT some good business men are doing. G
hey acknow ledge that business Is good, but
0 they tremble before any thing goes to :
hem.
you can say as plainly as words can ex. l
ress 1t that we are not doing any calamity '
hriekiny. My father had so years expert =
nee In business. and be used to say that
&c time when business would be slow, and =
onservatism should be shown by wise busi. i.
ess men.
II think this year Is one OF the seven. Men
re only buying what they need. In my
idgDent they will pay promptly for what
ney buy. People go up In balloons but just i,
bout as often they have to come down to /.
srtn again or the balloon bursts. :
"In certain sections there has been too much !
preading out, too much killing, and so there
ONES trouble. i am sorry to say that that !,
ort of thing Is apt to drag down some good
III congress would promptly repeal the .
ptI ~ !
lred that the tariff would be adjusted with !
ut injury to our manufacturers, confidence
'ould come back speedily. n
"Trade Is good among local merchants. No
ne here has felt the tight money market to
ny extent, and In my judgment they will
of. |