The San Francisco call., 1896-11-05

commence In The Republican party and
will be willing TO unlock their wealth now
that Its victory is assured"
Major Mclaughlin was both pleased
and fatigued last night. During the past
few weeks he fought the hardest battle of
his life, rendered all the more difficult
perhaps because the incentive of selfish
ambition was absent, he not being can
didate for Office or preferment.
When the executive committee of
twenty-one of the State Central Commit
tee first took up the work IN this State the
task was absolutely hopeless. The strong
Peoples party vote and the fusion of that
party with the Democrats composed
most formidable force. an apparently i'm
pregnable line of battle, but Major Nc.
Laughlsn is a fighter and determined to
make the battle of his life, even though
he should die in the castle moat He and
Colonel Higgins took charge OF the attack,
and their friends wept when they saw
those two rash men storming the heights.
81 must have been congratulated by
thousand people to-day" "said the major
last night; '.people of all conditions in
the social and financial world, from the
bootblack to the millionaire, they have
been shaking hands with me and con-
graduating me on the splendid victory
achieved for Major Mckinley in Cali
fornia.
when we entered upon the campaign
IL WAS q nOLcic0 SdSGs fOuT DdTIY Se6m6Q
to be torn to pieces in this State; there
were factions in the State and factions in
this City. The two enemies of sound and
conservative government and of true
Americanism were united against rs. We
plum ed into the very front of the con-
test, and we fought fight that has never
been equaed in the history of America.
II took hold of this matter as business
man and in businessike way. For every
dollar expended tried to get ten. I de-
voted my whole time to the cause and
Colonel Higgins and MIR. Steppacher did
the same.
al have had the hearty cooperation of
the business portion of the community in
this matter, and no man has been of more
assistance to me than has John D. Spreck-
els, and | will say that whenever had oc-
casion to cal upon him for advice or as
sistance it was never in vain. l want to
say of him also that he never attempted to
dictate to the committee or 10 induce IL to
further any local political schemes. I
have found him to be an honest, upright
man, loyal and unselfish Republican
and true patriot"
One OF the men most thoroughly &C
qualnted with the business of banking
and the commercial interests OF this
county in general is q. A Becker, the
president of the German Savings and
Loan Society. In an interview yesterday
he said:
People were afraid that if they put
their money into savings banks under free
coinage-that is, if they put gold into the
banks-they would buy up silver in
Mexico, China and other countries and
pay their deposits In silver. As silver
under free coinage would be equal to only
SO cents in the dollar they would get only
half their money back.
1--WE, argued with them, and explained
that although free coinage would deal the
commercial interests of the country a.
heavy blow, here in California savings
banks depositors would be protected by
the specific contract laws. Talking, how
ever, produced no definite result
''The effect OF McKinley's election has
been most beneficial already Only one
day has passed, yet business is fast re-
viving.
ut is my belief that we are now enter
ing on ali era OF prosperity that will be
wonderful when contrasted with the con-
ditsons under which we have labored for
the last four years. 1t is all due to the
election of Mckinley"
'My voice has been for Mckinley and
protection first, last and ali the time"
said Harbor Commissioner Da T. Cole.
u cannot imagine any greater calamity
befalling this country than the election
OF Mr.. Bryan. Now we may expect a
measurable amount of prosperity right
business circles has begun and arrange
ments have been made to start up num-
Der of industries at once
Andrea Sbarboro was quite enthusiastic
over the election of Mckinley. He said:
THE fourteenth annual meeting OF the
San Francisco Mutual Building and Loan
Association was held yesterday. The
board of directors made an address to the
shareholders in which they state that the
election of Mckinley will have a bene-
hclal effect on building and loan associa-
tions by giving steady employment to
wage-earners and thus enabling them to
pay their dues promptly and acquire
homes for their families.
II think that the workingmen have
demonstrated their ability 10 help govern
the Republic. While i might be thought
that the masses of iaboring people might
tend to social anarchy, on the contrary it
shows their conservatism, their high in
telllgence and their remarkable ability
for self government"
The common talk in financial circles
yesterday was that the sum of $40, 600 or
thereabouts had been Withdrawn during
the day from the California Safety De.
posit, to be invested at once. 1t was all
caused, according 10 report, BY the elec-
tion OF Mckinley and the increased con-
hdence resulting therefrom in the hnan-
cial world
J. DaIzell Brown. secretary and treas
uler OF the Safety Deposit Company veri-
ned the report in large degree.
"Wnile we have no method of ascertain
ing the amount Withdrawn by our pa
irons" he said. 1.-The rush OF business to-
day has almost no precedent.
MY belief is that large sums are being
withdrawn owing wholly TO the fact that
depositors are not now afraid to make in
vestments.
MANY business men who have had
their money withdrawn from the banks
for some time in conversation with me to-
day stated that they would place their
money in the banks again. 1t is all due
To the election of Mckinley"
Chief Crowley said that McKinley's cleo
ton meant open mills and not open
mints. 1t would give such an impetus to
business that the country would soon feel
the beneficial results and labor and capital
would enjoy the fruits of prosperity.
81 felt confident" said the Chief, "that
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