St. Paul daily globe., 1893-08-29
PRAISE FOR THE HOUSE.
BUSINESS MEN APPROVE THE PASSAGE
or TIE SILVER REPEdL.
WILL aEsTosE coNFrDENcE.

United Sentiment among Bank
ers, Merchants and Profes-
sional Men in Commendation
fthe Action of Our represent
atives-HopefuI of Immediate
and Lasting Benefits.
The passage by the house yesterday
of the Wilson bill, which repeals the
siiver-purchasing clause OF the Sher-
man act, created quite marked inter-
est among the business men of ST. Paul.
The result had been foreShadowed by
Washington dispatches TO the Gil ODE,
but the announcement that the repeal
measure was fait accompli was none the
less gratifying. In orier to obtain the
views of leading business and profess
Sional men ON the subject. reporters of
the GLOBE made the rounds late yes
terday afternoon, and the results of
their investigations are presented be
low. 1t will be observed that the seuti
ment is practically uranimeus; that all
concur in the opinion that the repeal OF
buO law Will ~ wv
restoring confidence and promoting the
prosperity of the country; that industry
will feel the impetus and mauufactur-
ers resume operations, and that in othe I
respects the country will be benefited.
The interviews in brief follow:
Judge Westcott Wilkin-The action
of tie house is right: it is just. OuI
house of lords will not dare to refuse
concurrence. or the people will place
them in jeopardy just as the British uD-
per house would be destroyed if il
should run counter to the decree of the
commons.
w. W. Erwin-Oh, it is a faith cure,
and will probably serve its purpose
| The whole thing is designed to make
| London the clearing house of the world
| and it will work that way until the peo-
| pie have their say.
A. Fl. Strouss-The house has showr
its good sense. Ii the senate shall con-
| cur | look for q return of good times.
| Michael Doran II am neither q
| prophet nor the son of a prophet, but
| you will remember predicted the re-
suit in the interview pu 'lished ia tht
! GLOBE on my return fio Washington
| The senate Is sure 10 concur.
p. j. BoWiin-l think the house ha!
acted wisely, and trust the results will
be the putting all end to these terribly
hard times. Silver is a good thing il
its way. and wish i had more, bu
there is too much uncertainty about it:
| value to make it safe circulating Inc
dunn except for purposes of change.
e. s. Danforth, Secretary Commercial
| CLUB heartily approve of the action
of the house. 1t is i'll the direction O
tNft sIo,r 2
the demands of the people. The peopi
are the sovereigns of this country, ant
the lawmakers must acquieSce.
Ambrose Tighe-The large majorit
| for repeal clears the path for bettel
legislation.
Judge Flandrau-Whether the pres
ent financial troubles are the result o
the Sherman law or not makes yer
little difference, and wise men ma,
differ on that point. But the people o
the United States believe that such
the case. and such belief has producrt
the panic. 1t is therefore all-importan
that the law should be repealed, and
think that its repeal will do more to re
store confidence than anything coUgreS
could enact.
c. N. Bell should expect the resul
to be to declare to the foreign financis
Ileve in paying an honest debt with a
honest dollar, and will lead to large il
vestments OF foreign capital in the bus
ness interests of our country.
0. o. Cullen-That is just what W
needed to restore confidence througboI
the country aud revive business.
S. Lee Davis-The action is right 6
far as il has gone. Let tile senate d
likewise.
Frank Donahower i think NOV
has been made in the right direction.
Capt. John Ii. Harrfs-I think the &C
| tiOn will tighten up things unless I'll
senate makes some amendments. 1t
amoye in the interest of Wall street.
would be as great mistake as to reil
state the head and front of the IRE eform
administration In the city.
D. S. Vandiver-It will result a
right. but it will be long time befol
the effects will reach the poor people.
DIR. E. G. EShelby-Such a majority
favor of the Wilson bill was uneXpec
ed. The result will be for the gener;
good.
Judge Thomas F. Conroy-The repe
may restore confidence, but will IL
help the country as much as to Sett
the tariff question.
Maj. E. ID. Libby-The action of tt
lower house is right. Now, pass res
luton not to interfere with the tari
and the country will be safe.
DIR. e. +. Walsh--I am with the m
jority i'll favor of the repeal of the pu
chasing clause.
James Doran, M. Doran & Co..
feeling has become prevalent that
would he most desirable TO repeal II
silver purchase enactment. that it wou
: | be better for the whole country. III
, movement in that direction tends to r
store confidence.
7 Charles Micnaud, of Michaud Bros.
This progress will make people mo
confident III at least one direction.
J will help to stop the boarding
money.
e Ferdinand Willius, Vice Presidel
State Savings BanK-The vote is bett
than we expected. / hope it will ha
= the desired effect upon the senate.
: T. A. Seymour. Cashier Merchant
1 effect on the senate. They'll all try
: get into the band wagon now.
t ID. S. HALF think it will wake t
S senate up to the prevailing sentlmeI
4 and cause an early conSummation of t
4 repeal.
a l think the vote will have tendency
e restore confidence.
t Jacob Mannheimer. Mannheim
n BroS.-We are delighted and hope t
r senate will act promptly in cOmpletIl
" the work. The Sherman act was
( good 10 the country. We feel me
buoy ant this afternoon, and the benef
in stocks, grain and general busine
are apparent at once.
O c. F. Konantz, President Konar
Saddlery Company-It should stop [
senate from wrangling and quibbli
|, and lead to a complete removal OF Il
n barrier to tr ade.
It Dennis Ryan-Pm silyerite, b
# this large majority for repeal pleas
n me. 1t will help to restore confident
= The senate is now likely to act quick
;, The Sherman bill never accomplish
IL what was claimed for it. IL caused S
If yer to pile up instead of going into c
: cuIatiou. Proper legislation on sill,
n can follow. That will be demanded
,r the dozen or more states that are larg,
!, interested in silver.
~ - g Eatou-ft maatc INV avpanto tfr