New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-18
NEW-YORK. SATURDAY, MAY ls, Is95.-S
DEPEW'S CHOICE IS MORTON.
HE THINKS THE GOVERNOR Is THE BEST
MAN FOR 1896.

GENERAL HARRISON REGARDED AS THE STRONG
Est CANDIDATE AT PRESENT. AND HE WILL
BE HARD MAN TO BEAT IN THE
| CONVENTION ANYwAY-TIIE M
| ProvEMENT IN BUSINESS
During a talk yesterday on the business i'm
provement Chauncey NJ. Depew asserted that his
choice for the Republican nomination for Presi-
dent IN 1896 was Governor Levi p. Morton, al
| though he regards General Harrison the one who
has the greatest strength at present.
| This declaration Of his preference was made
| while ho was speaking Of ex-President fiar-
rison's visit to the city and the reports concern
| ing his presence here at the same time as Senator
| Elkins and others Mr Depew said:
| MY candidate for 1896 Is Governor Morton.
Despite that. ! will say that believe that Cen
cra Harrison VIII be a candidate In the conyen-
ton whom II will be- unusually hard 10 beat Al
| present, he Is. perhaps. the strongest candidate.
| Mr Harrison has the prestige ~ having been nj
| the Executive helm ~ the country IN the era ~
It's grentest prosperity He ~ conservative, phtri-
otic and able. and he stands prominently before
| the country on his record"
About the same time that Mr Dcpcw made
mis- statement hc good-bunorody referred to th"
| faot that by n popular coupon contest carried on
| by u local pnpor. he himself had ycFcrdny b'"n
| declared tho choice Of the people ~ Now-York
| for the Republican nomination FOR tho prcsl-
| dcncy He laughed over II. and raid:
| II ncc II stated that Mr.. i'm IL the Democratic
| choice. do not think that this settles the qucs-
| ilon for either Mr. II or mysclf II is all
| right however I did not know that the coupon
| contest was taking pncc until few days ago.
when some fellow wrote to imporng me TO
| f,t. Ia Ia al lp hst
doing all he could. and 1t was time for me to
stir myself"
| THE BUSINESS IMPROVEMENT.
The upward tendency Of stocks In Wall Street
and the strong undercurront that is booming
every stock on the Exchange were commented
| upon by Mr.. Dcpew. as follows:
| wall Street always antedates everything
about six months There is an era Of financial
PROSPERITY coming to US. and the members OF the
Stock Exchange are simply ahead OF time In
realizing IT, For the next two years all stocks
| In Wall Street will boom; mean with momen-
| tary setbacks The current has set true and
| strong for a general revival Of confidence and
prosperity. and Wall Street Is simply playing its
| part In the movement
The cause can be easily explained. During
| tho last two years We have had an era of imam
cial depression that has hardly been oqualled In
| history The result that the people OF tie
! world resortcd t. the most rigid and drastic
measures for economy. Not only people whose
incomes were affected by the hard times. but also
people who have fixed income. have resorted
10 economical measures Every one was bent on
saving money. In this way vast sums of money
| were accumulated. These sums were boarded
! everywhere. What was the result? Banks re-
fused to take money at rate OF interest be,
! caus. they could not use II. The money found
its way into snfc-deppsit vaults and private
hous~-. 49, u a.. worsc Non)usS:sss.
Sow comes the time Of awakened confidence.
| Tho money flows forth from the safc-deposlt
vault the old stocking and the bank. There arc.
unfortunately. not enough investments To 70
! around Six months ago had the Newfork Cen
tral Railroad tricI - -" - ok there would nave
been "A howl Tl-day investors night for H. The
! money Just now ls going into stocks ana bonds.
After A time mines Will open. mills VIII start mp
7 lnd everything run at full speed The question
n,w comes up as 10 wnat caused this sudden and
complete revival ~ confidence
"prlmarily Judge the fact H. due 10 the knowl-
cdg. that ar incompetent Administration has been
! shorn of its power. When Democratic rresident
and Democratic Congress were installed with
general rejoicing. people expected great thlhss'
Their hopes were blasted. and blight fell on the
country Now they know that this Admlnistra-
! tlon has no further power 10 wreck the resources
! ~ the country. and people are beginning 10 nave
| faith again"
THE PEOPLE KNOW WHAT'S WHAT
Mr.. Dcpcw was asked II he did not think that
the return ~ prosperity would rebound To the
ere III of the Democratic Administration. lie said:
"Nn do not believe that 1t Will The people
/ can never forget what they have passed through.
| and they have weighed the party in power IN the
! balance and their finding cannot be- controverted.
| The star OF Democracy has set, ana thnk mat
| there is no more significant demonstration OF the
fact than the recent election. when two-thirds OF
the members elected 10 Congress were RepuDl-
cans
.'rhc silver sentiment Is now practically dead in
this country II was an Inflated bubble. the
mushroom growth Of hard times and has entirely
disappeared under the warmth of renewed pros
pcrlty. We shall hear no more OF H.
| AS far AS this silver idea goes. we are ready
now to ease the feelings OF the slvertes. with
| an increased pressure Of business. we shall nave
more use for silver II Will become the medium OF
exchange on a larger scale. and much more of
| the metal will be used
INCIDENTS AT TROY.
Mr. Dcpcw made n speech in Troy on Thursday.
and ne referred. to several incidents that took
place there He said THE ceremonies were In
honor OF the dedication Of the Russell Sage Hall
! The people up there think a great deal Of Mr..
| Sage They are rather ticked ~ think that whle
nm thcra n made n comfortable fortune. and then
| came down To Ncw-York and sort . cleaned out
| this town They have the idea that he never In
| his life made investment that dld not yleid II
| tremendous profit As result. when he made the
statement IN his speech that his most paying m
| vcstmcnt up to date was the building oi this hi'
| they were highly tckled. hhd Il luhiy eNPe'',
cnce myself. In the course or my tax REFERRED
| to the fact that I had been made an honorary
| member Of the graduating class OF one OF our
| large women's colleges In 1890. To show that the
| higher education of women did not destroy ro-
nance read the following letter which atter- ,,
| ward received from member of that class while
| on her bridal tour. II read:
| Dear Classmate: The last time saw you we
| studied an eclipse OF the moon together, ana dls-
| cussed theoretically ~-' scientifically that phe.,
| nnmenon | write to tell you that | am so full OF
| hnnnlness that can only attest that a honeymoon
| ccIIpses all other kinds OF moons
AT the reception which followed found
| number Of young women waiting Tor me. lney
| said. Mr Dcpcw, did you really get that letter
| or did You Invent IT.? said that thought IL was
| good enough to be true and my only ADVICE To
| them was to go and do likewise.