The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-11-15
EFFECT OFF THE ELECTION

It Is Causing n Boom In Southern secnrI-
tes-An Unexpected State Of Affairs.
The Baltimore Amsrieaa.
One Of the pleasautest and prompt
est results of last weeks great Republi.
can victory has been the revival Of in
terest in the resources OF the south, and
tho disposition to invest in southern se-
curities. 1t ia due, OF course, to in-
creased confidence in the future Of that
section. Before the election there was
au abundance OF money on deposit in
the banks, but capitalists were reluct-
ant to put it out. Nothing Is so timid
as capital, and there was fear that the
financial vagaries OF the Democratic
party, 80 conspicuously advocated by
the southern representatives OF that
party in Congress, would prevail. 1t
was natural for capitalists to infer that
these representatives voiced the senti.
ments OF their constituents, and this lad
TO tho conclusion that the entire south
was saturated with these financial
Vagaries, and that it would be impru-
dent to invest in that section. This did
not, OF course, prevent Investment, but
it checkhd the volume OF 1t, and TO that
extent was Injurious to the material in'
terests OF the south.
Tho election OF last week disclosed a
wholly unexpected state OF ahairs-as
unexpected, probably, to those who
have been incorporating their con-
stituents as to those who would. under
ordinary conditions, seek Investments
in the south. The solid south was
broken, and many OF these representa-.
tives were elected to stay at home and
brood over the mistakes they had made.
The latter were, in tho majority OF In
STANCES, sincere in their belief that they
were representing their constituents,
but tho south had outgrown them.
They had been 80 long In Congress, and
mad become SO welded TO certain fixed
ideas, that their constituents had passed
by them without their knowledge, and
were in favor OF sound statesmanship in
the administration OF the government
as the only means OF permanently pro-
noting their own local interests. They
saw in Republican principles and meth
dds the means which they failed to OBJ.
tain from the Democratic party, and
they opened q great gap in that party,
which it will be difficult, If not impos-
sible, to close.
Tho effect Of the change in southern
public sentiment was immediate and
decided, especially in this city. There
was prompt demand for southen SO.
curities, and large blocks of municipal
bonds found ready sale. The golfers
OF the capitalists were unlocked,
and a much stronger tone pervaded
the market than for number Of years.
But the demand is not likely to
end here. The breaking up otthe.solid
south means the disappearance OF
prejudice and the exercise Of enlight-
ened Judgment in politics. 1t means
such a division OF sentiment on the
grea. public questions as will make
il not only safe, but advisable, to
place money in the south. That sect
ion of the country, with u healthy. pub
lie sentiment and an equabte enforce
ment of wise laws. offers to enterprise
greater opportunities than any other
part OF the country, aud it is reasonable
10 expect, as q result oil tho recent cleo
tons, a general awakening OF interest,
and a more rapid development OF south.
ern resources.
The disappearance OF the solid south
on November @ will do more tor invite
capital and immigration than oil the
conventions and conferences that have
been or can be held.