Waterbury evening Democrat., 1895-05-18
DEPEW IS FOR MORTON.
But Thinks Harrison's Chances
 Are the Best Now.
SAYS GOOD TIMES ARE COMING.

NEW YORK, May lS.-Tho Tribune to- day prints the following: During n talk | on tho business improvement ChaunCey ] NJ. DepeT- asserted that his choice for the ! Republican nomination for president in | lS.6 was Governor Levi r. Morton, al | though he regards General Harrison the | one who has tho greatest strength at pres ent.
 This declaration of his preference was made while he was speaking of cX-presi- | dent HarrisOn's visit to the city and tho reports concerning his presence here at the same time as Senator Elk!ns and others. Mir. Dcpcw said
 My candidate for lSgh Is Governor Morton. Despite that. will say that be- lievr that General Harrison will be T can didate in the convention whom it will bo unusually hard tu beat. At present Inc is perhaps the strongest candidate Mir. liar riSun has the prestige of having been at tho executive helm of the country in the era of its greatest prosperity. He is con- sorvativo. patriotic and able and he stands prominently before tho country on his rec ord. '
 About tho same timo that Mir. Depew made thH statement he good humorodly referred to he fact that by n popular cou- pun contest carried on by local paper he himself had yesterday been declared the choice of the people of New York for the Republican nomination for the presidency. He laughed over it and said:
 Chosen by Coupon Contest.
 II sco it stated that Mir. Hill is the Democratic choice I do not think that this settles tho question for either Mir. Hill or myself, It iS all right, however did not know that the coupon contest was talk ing place until few days ago, when some fellow wrote to me imploring me to stir my friends up He said that ho had been doing all he could. and if was timo for mo to stir myself
 Tho upward tendency of stocks in Wall street and tho strong undercurrent that is buoming every stock on the exchange were commented upon by Mir. Depow as fol lows:
 Wall street always Antcdatcs every thing about six months There is an ora of financial prosperity coming to us, and the members of the Stock Exchange arc simply ahead of time in realizing 1t. For the next two years all stocks in Wall street will boom; l mean with momcntary set backs The current has set true and strong for general revival of confidence and prosperity and Wall stroot is simply play ing its part in tho movement
 ' 1hs cause can be easily explained During tho last two years we havo had an era of financial depression that has hardly been cqualod in history. Tho result was that the people of the world rcsortcd to the most rigid and drastic measures for economy Not only people whose in comes were affected by the hard times, but also people who havo a fixed income, have rrsortcd to economical measures. Ev- cry ono was bent on saving money. In this way vast sums of mOney were ncCu- mulatcd. These sums were boarded every where What was the result: Banks refused to take money at a rate of interest be- cause they could not uso it. The money | found its way into safe deposit vaults and | private houses. It was worse than uso | less.
 Now comes the time uf awakened con ] tidrnor. Tie money flows forth from the safe deposit vault, the old stocking and the hank There arc unfortunately not | enough investments tu go around. Six months aGu had tho New York Central l railroad tried to sell stock thcrc would | have been howl. Today investors fight | for it. The money just now is going into | stocks and bonds. After a timo mines will open. mills will start up and every thing run at fuil sicrd. The question now 1 comes up as tu what caused this sudden and complete revival of confidence. The People know What's What.
 Mir Dopew WAS asked if ho did not think that the return of prosperity would rebound 10 tho credit of the Democratic administration lio sail:
 No. 1 do not believe that it will. The people can never forget what they have passed through, and they have weighed | the party in power in the lalanco, and | their iindirg cannot bo controversial. The star of Democracy has set. and I think that thero is no more significant demon stratiOn of the fact than the recent olcC tiOn, when two thirds of the members | elected |" '"DSrGss were Republicans.
 "Th, ,HNCr sentiment is now practical ly dcau in this country. IL was an inflated bubble, the mushroom growth of Lard times, and has entirely disappeared under tho warmth of renewed prosperity. We shall ear no more of 1t.
 '' As far a+ this silver idea suos. we ard ready now to case tho feelings of tho sil- veritrs. With an increased pressure of business We shall have more Ws0 for silver. IL will hrCnmo tho medium of exchange on a larger s,alu, and much moro of the
 metal will be used v
 Assembly lnan sues For Libel.
 l. '