The herald., 1895-07-14

when shown the interview Of Washing
sOn n. Connor given above Mr.. Williams
VINO Is one OF the Roth schilds OF finance.
said 1t was one Of the NEST lucid STATE
ment OF the situation he had yet seen.
ne remarked that the interview VA VA
very important, and being assured sna'
the great Wall street broker upon whom
Jay Gould used to rely for guidance ~
the days gone by had revised 1t anG Kep'
sypewritten copy OF it in MS I;Il;sms 0m;s ~
added: II am more than gratihed to
hear this. and desire to go upon record
as endorsing every word OF the interview.
1t has the true ring about 1t and ie
worthy of great attention"
John Clafiln. head Of the II. b. Clafiin
company. remarked: Business is i'm,
We look forward to better fall this year
than at any time since 1892. Great cor.
porations and manufacturers are inclined
to make more liberal expenditures and
feel actuated by desire to come to the
rescue of the country. Tho prosperity
that has now set in seems permanent,
too. and will be certain antidots to the
in the north gets = better price for his
grain and the farmer in the south so per
cent of an advance for his cotton. ne will
not give mu,h heed to the nostrums of
the free silver men. We have nothing TO
fear from this source; things were not
better for years and every matter is sure
to come right in the end"
Banker Frederick Taylor. in answer to
the question if we may expect an era of
prosperity. said: We are already in the
midst OF it, and 1t IS certain to remain if
there is nothing to check it. Right IN the
face Of the gloomiest forebodings we have
witnessed an advance Of all our staples.
a revival of business in every branch, and
throughout the country. and what it Is
better still very general increase Of pay
to our wage earners. Therefore, In my
judgment, the duty of the hour Is for
every man OF us to stand firm for honest
money. and declaration of congress
when it meets that all obligations of the
government-no matter how they may
read-will be paid in gold would greatly
tend to further improvement and pro-
mote the stability Of present satisfactory
conditions"
sEx-Congressman and capitalist Edwin
Einstein, the Republican candidate for
mayor of New York in 1890, said that the
depression which is now terminated and
which began with the failure of Barring
Brothers. was probably, the greatest the
commercial world had ever seen. 1T
has now happily passed away" remarked
Mr.. Einstsln "and if congress could be
moved to take some action for the abate-
ment of anxiety on the money question.
and SO discourage agitation, this country
would take another bound in the direc-
tion of prosperity chat it has not known
for years.
William P. st. John is one OF the few
presidents Of a New York national bank
who favor the free coinage OF silver. Mr..
st. John, who is q southern gentleman,
and president of the Mercantile national
bank, is not only conservative business
man, but thinker and student of finance.
Here is what Mr.. st. John hal to say:
''To my thinking, the alleged year of
prosperity is not in sight. We have had
and are still having recoveries from ex-
treme depression with some advances in
wages from. figures that were below liv-
ing scale. But signs of exhausted recup-
Grafton appear already with decided lull
in at least three important branches of
our manufacturing industries. Cheap talk
of higher prices for iron. mentions also
new trusts and proposed ordinations
among iron men which are usually in re-
straint of trade rathe, than harbingers of
widening prosperity. The great staples
OF wheat and cotton having been oepress-
ed beyond reason and rebounding natur-
ally have been advanced speculatively to