The San Francisco call., 1896-10-14
PUBLIC OPINION
FOR PRO Tee ton
What Banker HelIman
Learned on a Trip to
the East.
Major Mckinley the Favorite
Among All Conditions
of Voters.
HE WILL REVIVE BUSINESS.
The Feeling in New York and Else
where Among Large Numbers of
Old-Line Democrats.
HE WILL REVIVE BUSINESS.

I. W. HeIlman of the Bank of Nevada
has returned after an extended visit to
Europe and the Eastern States, in both of
which places he took notes of the political
feeling and the prospects.
He found that public sentiment in the
East was strongly in favor of Mckinley
and protection. In fact, he found this
sentiment so strong that it was the gen.
eral opinion. especially in New York
State, that Major Mckinley would be
elected beyond doubt.
Both the silver and protection issues are
discussed with about the same interest.
The question of free coinage is uppermost
in Wall street and other financial centers,
while the business men, the shopkeepers,
laborers and mechanics are more inter-
ested in the issue of protection than in
any other. They believe or rather they
know that protection will start the wheels
of industry turning. Those wheels in
turn will unlock the vaults wherein are
stored the millions of idle capital await
ing investment.
They remember that under Harrison's
administration and up to the time OF the
advent of Grover Cleveland and the Viii
son act the factories were so many hives
OF industry and every man had work, and
that with the striking down of protection
the Industrial armies, with their Coxeys
and Debses came into existence for the
first time in the history of the American
continent.
s'There is no question in my mind"
added Mr.. Hellman, that the election of
Major Mckinley will improve business all
over this country and that very large
mum ber of the men out Of employment in
this country will De EN- ployed in the mills
and factories. If Nj. Mckinley be beaten
the reverse of this condition OF affairs will
be witnessed, because confidence will be
so shaken that thousands of people now
in employ ment will be thrown out of en-
ployment. This will come about by reason
of the lack of protection against the COM
petition of the cheap pauper-la Dor prod
ucts of Europe.
''It is the fact that in the event OF the
election of Mr.. Bryan great deal of the
capital now in the factories and other
capital which would be invested there will
remain dormant.
1.-The American people want protection,
and they want it more in some States than
in others. California certainly requires
protection. and the silver question which
is made such bugbear here is misunder-
stood. Our factories to-day, here and in
the East, are languishing and unable to
run because they cannot compete with the
cheap labor of Europe and because they
have not had the protection which they
should have. Our imports are increasing
and our exports are decreasing. Instead
Of exchanging products for products we
are buying products from Europe and pay
ing gold for them.
1.-THE reduction of the surplus under
President Cleveland's administration was
brought about by a falling off in the reve-
nue.. The Democratic tariff has reduced
the income of the Government so much
that it will be obliged to borrow money or
to increase the rate of internal revenue
taxation. The alternative is q higher
tariff, against which the Democrats are
pledged.
'Mr. Mckinley. beyond all question, is
the stronger candidate of the two. 1 have
found great many of the old-line Demo-
Gratis who say they will vote for McKin-
ley, and there is much larger number of
them than the public has any idea of. :"