The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-11-07
THE MAJORS "MAGIc TOUCH"

There is every prospect of sure and
speedy revival in business throughout
the country, now that the spasms OF
election excitement have subsidized. 1t
is true, also. that the election of Major
Mckinley will undoubtedly result in
brisk business boom, which must for
time at least be of great advantage to
every industry throughout the country.
The day for the reconciliation of sill
yer is postponed and by the time it is ac
complished men may have been so edu-
Gated that there need be no business de-
preston or fear of panic as resultant to
the election to the presidency of an ad-
vocate of the free coinage of silver
Now, however, that the advance agent
of Prosperity" as his supporters de-
lighted to call Major VIM. Mckinley,
has been chosen by the people as the
next president of the republic, it is to be
hoped and it is probable, that for time
every industry throughout the country
will rePive a distinct stimulus. We
may believe that it is but the flash &C.
casioned by an "ignis fatuus," a con-
fidence founded on false doctrine, but
nevertheless every one will readily take
advantage of such good things as the
opportunity offers. The victory of the
moneyed power, the success of their can
didate, cannot fail to institute general
commercial activity.
With somewhat theatrical effect but
no doubt with the intention of pointing
a moral and adjoining tale" the magic
touch of Major Mckinley was brought
into play on Thursday afternoon. The
dispa tches tell us that he touched tel
egraph key at his home in Canton and
the electric spark exploded gunpowder
at the furnaces of the Tonawanda Iron
and Steel company in Buffalo which
started fires which will give employment
to $50 men. We are also informed that
the new furnace was completed a short
time before the Chicago convention, but
it's owners decided not to operate until
McKinley's election was secured. This
was, of course. one of the many adroit
"object lessons" instituted by the astute
managers of McKinley's campaign, and
no doubt any pecuniary inconvenience
occasioned to Rogers, Brown and Com
pany. the owners of the new furnace,
was compensated by the multi-million-
aires fund which was handled and dis
pensed so judiciously by Mark Hanna.
To the election of William Mckinley,
we are also told, is due the reopening of
the Chicago stock exchange, after hav-
ing been closed for three months. This
is perhaps a doubtful benefit, but is an
other indication that the spectators of
the country and the gamblers in stocks
rejoice at the triumph of the single gold
standard and are again open for bust
ness at the old stand.
Another and much more substantial
and satisfactory indication Of confidence
in returning prosperity comes from Con-
necticut. The hardware factory of the
Sargents. at New Haven, which employs
$500 hands has started up.
Many other proofs of revival of
commercial industry will doubtless be
noticeable in a few days and California
cannot fail to share in the general re-
vival.
The two great projects to which mems
attention in Southern California must
be now turned with lively interest are
the construction of a free harbor
and the building of the Salt Lake
railroad. Capital has promised the ma
ton that in the event of McKinley's
election it would no longer be coy; capt.
tai will doubtless now redeem it's prom