The record-union., 1893-11-18
A BANKERS VIEWS.
What Frank Miller Has to Say of His
Visit to the East.


Visit to the East.
A RECoRD-UNIoN reporter yesterday
saw Frank Miller, who has just returned
from five-weeks' visit to the East with
his family. He seems to have enjoyed
his trip immensely, and spoke of the
Worlds Fair as something too great for
any adequate description. In fact, he
goes so far as to say that the good people
of Chicago were certainly crazy when
they planned this enterprise; it required
the outlay of probably fifty millions Of
dollars on temporary lines for show in
tended to last six months.
They were no doubt sane enough DUR
ing the first three months, when slim at
tendance, hot weather, the money panic
and fear of cholera seemed to smash their
castles in the air and threaten immense
losses. Luckily all the dangers passed
afar of, and they have practically made
financial success.
The results of this Worlds Fair are not
yet fully appreciated. Among them may
be the settlement of Chicago as the chief
city in the world for trade, distancing
even Londoni
Washington Porter, the California
fruit-shipper, has been an active man in
the management of the Worlds Fair
and is now likely to secure the removal
of the immense liberal arts building TO
the lake front, near the Congress Hall
and river. That removal will cost $780,
coo, and the building may be used for
conventions.
Mr.. Miller said be told Mr.. Porter and
other Chlcagoans that they should en-
large their facilities for receiving and dis
tributing freight; that If grain continued
low California would have to multiply
her fruit shipments by ten in the next
ten years, and that the liberal arts build
ing would De needed for our fruit auc-
tions.
Mr.. Miller spent one day in the Sen ate
chamber at Washington, through the
kindness Of Senator Perkins, and listened
to The silver debate. He thinks tho Re-
publicans can safely offer bounty 10
American miners, giving twenty ounces
of silver bullion out of the Treasury bull
ion 10 every 100 ounces produced in our
land until about one-tenth of the Treas
ury bullion has been SO expended. While
the immediate effect would be that of re-
lieving our own miners, yet Mr.. Miller
hopes that such a plan would shut up the
foreign mines for term OF years, and
thus the supply of silver would so dimin-
ish that our Treasury bullion would ad-
vance TO former values.
He says New York is finer than ever,
and that no visit there is complete with
=
cup of cafe NOR in the oriental room and
then visit of inspection to the banquet
hall and State bedroom. Extravagant as
the Waldorf is in embellishments, it is
said that there are two New York hotels
finer yet.
Business, he says, is improving at the
East, and money is being lent at the
same or better rates than in California. /
except that call loans on best collaterals
are very low.
Mr.. Miller answered the reporters
questions as to Sacramento aud her pros
poets by saying that he thought business
would be dull for awhile and that, in his
opinion, repairs and street improvements
We're proceeding little too rapidly for
many purses at this time of low prices.
While away Mr.. Miller visited his son
Cyrus at the Annapolis Naval Academy;
aiso his son Reed, who is engaged in
Journalism at Bergen Point, \. j. Both
were well and pleased with the East.