New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-06
LOOKING FOR PROSPERITY.
p11s1NEss MEN GLAD THAT CONGRESS
HAS ADJOURNED.
crxrpA1, FEELING THAT CONFIDENCE WILL
RETURN AND THERE WILL BE a
IMPROVEMENT IN TRADE-oPlNloN'


or, SEVERAL PROMINENT CITIZENS
-, a,sbearten.ng conditions. brought
-, ard fostered by the recent Democratic
gross. put Wall Stree: ana the business business. =, hos
General into a pessirlistic run from VIM" nv. ,ho
searoed impossible to remove then AS 'o'e
recent Congress was In existence "o So -
had snNboient influence change the sentiment -,
- t,.,,ess community, in stock exchange anu
t,rIrc circles and the most encouraging deVeiop
roents failed to influence for any iehs'" VI W
the lifeless marts OF trace -. teal.
confidence however is about to reassert Nseii'
md force to inspire courage mas COME % 49,
~osu,t of the end Of the National Congress oi III.
lac. two wears There is distinctly pe''e' CO.
more cheerful feeling in banking specu'a' 80, g,
business centres. and the return OF co"ue
berinning to be reflected in the stoch ma"
Rusiness men unite in saying that the result ~ '
xoiration n, the erm Of the LIId Congress VIII MOI
show itself at once, because the nature .. '"'
disease from which the country mas o'0N 80, =.
is such that with the cause Oh ~ I,
viii take 4 long time for recovery TO De accom-
plished . - ,,.o ,Derionced
ohorga NJ heart and a change of sentiments IN
tho last twenty-four hours. ana IL Is no" "@i
TO find a man. even In the great 'sS'
hears who will not confess that the country no.
~ last show" When the announcement OF 'he
adjournment of Congress was made on the otocA
rvchanee on Monday there was tremendous uc-
,ponstration Of JOY and one broker faceuousiE
remarked that as a result OF the demohStra'loh
pr.ces fell up an eighth" Prices dld leei 'he
effect of the adjournment and the tone OF the mar
ket was decidedly better and more encouraslhs'
II Is believed in the Street that the tendency from
now, on will be toward higher prices. because there
will be something behind the movement on winch
II can depend for support. This Will De an eApa"-
sion Of business and the demand for money lot
the purposes OF trade. 49,
one encouraging sign in Wall Street Of the
he alt
made is the increased attendance OF customers d.
brokers' offices. On Monday there were peoP'e "
the Street who had not been seen there peiore io
months and they all said that they "ahteu W
come downtown TO watch the ticker when the olu
Congress died. After that they wanted 10 looh
aou, IN see II the end of Congress had not Drought
better chances to make money. YESTERDAY inc az
tendance at brokers offices and on 'he o'ooN M
change was better. and there was hshu'eS u
heart and preponderance of good spirits wh'ch
recalled the good days before the Democla"e pa"
got control OF the Government
Tho Las, two wears in Wall Street have oeeh
most distressing time for brokers, and there are
few who can say that they nave Haue h"'e &c
their office expenses. Some OUTSIDERS "o''ue' wy
there have been so few failures in these depressing
times In the Street and the answer is 'ha'' "'''.
,hs FIRST crash in the summer OF 1893 business was
oo,6ned within such narrow limits and outs'ahoihs
obligations were small that II was a.i''o'' ''.'
possibe TO go under JUST as long as '''ie ~
enough business to pay for office rent ..
Yesterday the market was strong anu '"e'e wa"
every indication of advancing prices. -
Ontsida Of Wall Street, in the big drygoods as
.r,c, among the wholesale and retail TRACE III d..
narts of the city. there is feehhs ol gro -,
ovar the end OF the LIlId Congress. hepoi 'e.' ~
The Tribune have gone among '"e i'P -, n,,o
business men in New-York, and one ana ai' IN, IN,
-, ling that the country now begin 10 plch
=, and recover Every one feels cohnue'. ~
me great wheels OF industry VIII soon 81
lions OF running with their od-tme resuall'y ~
ENward simmons president OF the roui'h Ma
t,onal Bank represented the views Vi '' -
york bankers when ne said yesterday -
7, Co NV ouinion that the adjournment OF on,
gross Is matter for congratuaton ana ous the
Dbc mind viii be relieved from any appTenen saV
Of unwse legislation. If Congress nSD annang to
the resI:ls Mr. Cleveland by his irmness in re-
gard to tn MN fbe danger which might have forced
Ihe treasury TO a suspension OF goIi pay s Ming
vented an IS however stu element of IN
certaintv in the situation which causes MOI go
has done 5hing toward settling these great IMAM
c!a questions. the adJustInent OF M" say tn
r fss viii have surplus of s2 tbs year
but Mr. German ihn1s hs s Correct M IL IS quite pos
she that the Government may De IN the me- hards
az an n djmJnuon in the surplus reserve OF
the New-York banks is an Indication OF De. osa
mana for money, which might lead one 10 suppose
nc, 'busi,nss was Improving There Is. however;
little Improvement OF any importance as yet, aIt
conSdence which is not based on good crops good
business and sound money ana 'hese '"ie' e 80
10 come. $500, o..
Navor Strong said yesterday that he looked for
gradual improvement in business now though ne
did not anticipate sudden prosperity In ms
opinion the return TO the former conoltion Vi INC
country would be slow. but there would De con
tnulng improvement. Business. the Mayor saiu'
had been growing better since about feorua'' 90
the end of the late Congress approached
81 am not disposed however" the Mayor con-
tinued ito look upon the adjournment OF this Con-
r as Se bs a1 u that of most Of It's predecessors
People are always glad when Congress auJo.t no
Thts has been an unfortunate Congress in many re-
spects Even our Democratic brethren VIZ ~ nnw
this Whatever may be the causes we oUh NO., ~
for general advance in everything that reia.es o,
material prosperity. Though as l saia' eNpe''
Chauncey 81 Depew said: ~ truthtuly say ~
that glad that Congress is over 10 take ue
more time than have at my dispose ,be s"s ad
journmen; OF the National Legislature There were
many bills in Congress the last session that WEI" eiy
and the Pacific Railroads bill better known as the
Reilly Funding BIZ. and others .,, ,,h,cn ar,s.s
when reckless and irresponsible person d Is me
moved from the control Of some mighty VA eh ~
which has the power TO work great good or
eNr Depew's love for anecdotes moved him. and
he referred to a story that he heard some time
ago concerning wealthy member OF me HOUSE ,
who hailed from me Mes tho "ntre Session and
when chided by. fellow member for neglect OF
duty and asked for explanation OF his conduct
he said: well. you see, | am pretty much as
gusted and have been out home fixing the lines.
so that If the worst comes to the worst can prove
alibi.' ,,-, IA
Mr. Depew said that the Congress which had
1ust passed into history one OF the most er-
ratio and irresponsible that the country has ever
seen. He compared Congress TO certain n1uie
which during the Civil War was the pride ana AZ
the same time the fear OF certain regiment IN
the Army OF the Potomac The initiation oil new
recruit was 10 take forced mount on TINS animal
which had earned the name OF Terror GER
tain raw-boned Irishman joined the regiment IN
question He was duly introduced TO Terror and
placed his back for ride. The mule started on
OF a galop. kicked. turned around retraced ms
steps, the whole through some OF the
Queerest antics that one could imagine The irish