The Portland daily press., 1894-09-14
NEWS FROM MAINE.
How 1t Was Received in New York
Business Houses.


Even Contented With the Result.
New York, Aug.13. 1t was strongly
significant of the change in popular SEN
timent produced by two years of Demo
cratic misrule, crowned by the shameful
tariff deal" consummated by Congress.
to find Wall street accepting the results
of the Maine election much as matter
of course, says the Tribune. There was
no unusual jubilee among the Repu bill
can members of the financial COM
munity, and depression among The
Democrats was not marked. None the
less was the mood of the Street full OF
meaning. The comparative apathy with
which the astounding majority in the
Pine Tree State was received was the
clearest proof of how generally Republi-
can victory is expected in business
circles. In ordinary times the trie
umphant election of the Republican
candidates in Maine by unprecedented
majorities would have excited Wall
street Republicans to high pitch of en-
thusiasm, and would have corresponding
Yesterday the men were few and far be-
tween who, irrespective of politics, did
not accept the news as the natural Sc
quence of the widespread disgust in
spired by the Cleveland administration
and as the augury of the November cleo
TONS
Only few dyed in-the-wool" Demo.
Gratis were found who confessed to disap-
pointment and distress at the Maine
election. They feebly sought to break
the force of the popular victory by as
cribing it to "poor crops" Rut as aSruie
brokers and bankers with Democratic
leanings either confessed to re signed
philosophy over the Republican tornado,
and declared that their party observed
the beating it got, or else expressed
satisfaction at the result which spoke
volumes for the probab BILE character OF the
"vest pocket vote" which will be cast at
the New York polls next November The
prominent Wall street Democrats are re
luctant to criticise their party publicly,
but if one seeks confidential chat with
many of these men he will find existing
the dissatisfaction and disgust which
have already paralyzed the Democratic
vote in Vermont and Maine. An eminent
Federal office holder, had when asked
for his views on the political landslide
in the far East, said, in an innocent
tones" Maine? Oh, ] don't know any
thing about that. | want to see the
New York team get the baseball pen
nant, and then will shout with de-
light"
REPUBLICANS CONFIDENT AND
MERCIFUL.
| The quietness of the comment made
| by Wall street Republicans testified to
the strong feeling Of confidence among
| them, as well as to that merciful senti-
| ment which avoidsan unnecessary wound
| ing of the spirit of the hopelessly VAN
quished. A. B. Hepburn, president of the
Third National Bank, with twinkle
in his eyes which told how intensely he
enjoyed, in his quiet way, the discomfit-
ure Of the enemy said: IT am greatly
gratified by the good news from Maine,
and think it is public benefit. 1t looks
as if that election indicated political
conditions which will give New York
safely to the Republicans"
Old John Pondir., sitting at table in
Busse & Simoni's restaurant, said with
| be all over the country. never voted
the Republican ticket but twice in my
| life, once for Lincoln, and for Harrison
| the last time. / am through with the
Democratic party, and there are thous-
ands Of other Democrats who feel the
same way Such stupidity, incompe-
| tency and dishonesty as this Democratic
| administration has shown have never
been equalled." Several brokers standing
| around echoed Mr.. Pondir's views
| But the keynote of Wall streets COM
ment was struck wnen George Rutledge
Gibson said: @The Maine election has
beef a bullish stimulant to Wall street
sentiment. Republican success this
autumn means that there will be no re-
newal of tariff agitation. and no extern
| sion of revenue legislation on the lines
laid down by the Democrats in Congress.
Business interests demand peace and
quiet, Mr.. Cleveland's and Mr.. Wilson'S
talk Of further steps in the direction OF
free trade will be harmless in effect, il
the country chooses Republican Con.
gress. Little is usually accomplished at
/ the short session of Congress, and if any
more tariff tinkering is attempted next
December the Republican legislators,
reinforced by recent popular verdict,
would successfully oppose it and force
legislative deadlock"
IMMEDIATE EFFECT ON THE MAR.
1t was this revived conf dence that the
Maine election meant bitter opposition
to further assaults on the protective sys
tenn that gave the stock market an early
flip which the discouraging effect of thu
government report on the corn croI
could not entirely efface. The improve
ment IN business, which every one hope.
for. is now regarded as more certain il
view of the unerring signs. which th'
elections give of return of the countr,
to Republican moorings. The defeat o
further destructive legi station is regard
ed as assured and hopes are reviving tina
under the sting of q universal publ,
rebuke, the Democrats in the next sess
ion of Congress may consent to Judo CHI
outrageous work which they undertook
at the dictation of the monstrous Suga
Trust. The disgraceful bargain witt
that odious monopoly. which was COST m
mated in the German tariff bill has con
! tributed largely to the revolt of the PEG
pie against the Democratic maladminis
| Jration.
Suoar is I'M cout ronnd. and FIJI