The San Francisco call., 1896-11-06
THE DAWN OF
PROSPERITY HERE
Mills Are Opening as a
Result of Republican
Victory.
New Enterprises Springing Into
Existence in All Branches
of Trade.
WORK FOR IDLE MEN CERTAIN.
Valley Road Prepar ing to Issue Bon S
and Build Southward-Southern
Pacific Activity.
WORK FOR IDLE MEN CERTAIN

Another day has added still further
proof that the great National victory-the
election of Mckinley and the survival of
protection to American industries-has
been the harbinger of good times. Even
more than that, the victory has already
brought prosperity. The moment it was
heralded throughout the country there
came an industrial awakening, new enter
prises that had been suppressed sprang
into life, and boarded wealth flowed from
safe deposit vaults for investment in
various directions.
The most significant feature of the re-
vival, perhaps. is the talk of mills open
ing in the near future, industries about to
be started and new chances for employ
ment of mechanics, clerks and iaboring
men.
The Valley road directors are already
preparing bonds with a view of promptly
resumjng construction south of Fresno
and In other directions. This work will
employ several hundred workmen. The
Southern Pacific Company's managers
anticipate boom in freight business, and
looks TO giving increased employment in
the carshops and along the road in conse.
Quence of this improvement. From all
directions are heard rumors of such an
encouraging nature as the following state
ments of well-known men will show:
E. F. Preston, attorney for the San
Francisco and San Joaquin Valley Rail-
way, is happy over the Republican VIC
tory. He declared yesterday that it
meant prosperity TO the Nation. Said he:
I'VE think that the result of the elec-
ton has removed al obstacles in the way
of issuing bonds. There are no obstacles
now. and that is the fact.
"This means that just as soon as we can
get to work bonds Tor the Valley road will
be issued and building resumed. We
have given an order for the engraving of
the bond. AS soon as the bonds are en-
graved and printed we will place them on
the money market. 1t will then be only a
little while when we start work. This in
wolves the expenditure of several million
dollars, half of which. at least, will go to
labor. We were waiting for the election
of Mckinley before thinking of issuing
those bonds.'
Deputy Fish Commissioner J. P. Bab-
cock is well pleased with the way the
election went so far as National politics
are concerned. He is convinced that this
is the beginning of period of prosperity
and good times. He said: 'I have no
doubt but that the Republican party will
carry out the strong protective policy that
has always been associated with its name.
With sound money, the restoration of pub
lie confidence and protection to manu-
iacturers and laborers, l see no reason
why we should not enjoy at least four
years of good times"
S. Fl. Tacy, manager OF the Manufac-
turers' and Producers Association, also
looks forward to the good times in the
very near future. "Long before the cleo.
ton 1 predicted an era of prosperity if
Mckinley should be elected and the Re-
publican party be restored to the first
place again" he said. II have no doubt
new industries will spring up at once.
Capital has long been looking to the West
for investment. but nothing would or
could be done so long as the money ques-
ton remained unsettled. Moreover, the
moneyed men of this country had no idea
OF investing their money so long as ere
was chance that the country stood in
| danger of being upset by the unlimited
coinage of silver"
Julian Sonntag of the California Miners
Association and president of the Manufac-
turers' and Producers Association also
| looks forward to better times now that
Major Mckinley Is elected. He has been
| a stanch advocate of the sound money
! candidate.
c. S. Crittenden said: From the ex-
pressions of the many business and pro-
| fessional men who stable their horses
| with me l have every reason to believe
| that there will be a sudden and beneficial
boom all over the country"
DR.. Henry Gibbons Jr. said: ave must
| expect revival of good times now there
| is no longer any suspense over the policy
of the Government of the United States.
| The people have sealed the policy of the
! Nation for the next four years, and with
| President Mckinley at the head of the
Nation general confidence will enter into
| all branches of industry"
Z. J.. Field, secretary OF the Norton Tan
ming Company, said: The election of Nc
| Kiniey will bring about general healthy
tone in every branch OF business. We are
| beginning to feel the effects already"
Augustus E. Drucker, member of the
present Grand Jury, said: at can be
| noticed already in every line of trade.
| Our business seems to have taken healthy
| and firm hold. The people are no longer
| dreading some expected calamity from the
| uncertain Democratic movements lately
INDUCED in by that party. The country is
| rich and full of resources. All the people
wanted was confidence in the Government
| Now they are assured"
| George w. Reed, merchant, LOG Clay
| street, said: Every man with whom L
| have come in contact since last Tuesday
! seems to fee that the darkness OF depres-
| sion has passed over the business portion
of the country and good times are going
| to come. and come soon, toe"
| John Gibson, secretary OF the Judson
| Manufact uring Company, said: 1--WE have
noticed the good effects already. That is
| there seems to be a tone of confidence in
| the business world that means prospesity.
| If BRYAN had been elected | w not
wha, would have become of the ind ustrl es
| of this country. But thank God and the
| people, he is not"
F. L. Turpin, director of the Colum-
| bian Ban king Company, saio: ut cannot
| be but beneficial. because the country pos
sesses great wealth, there is an abundance
| of money and muscle at the disposal of
| those who wish to use them, and now
| since all unce rtainty has passed our good
| times will commence"
W. j. Herrin said: 81 have not met a
man-Democrat or Republican-but who
| fees that we will have better times. That
| spirit of unrest and uncertainty has
| passed. The election of Mckinley, whose
policy was'so well known, sets at rest any
and all misgivings as TO what will follow
after he takes his seat"
NJ. f. Smith, the "Borax King" stated
yesterday that he will begin operations at
once in his borax fields IN Southern Cali
fornia. He had been waiting the result oil
the elections. and now that Mckinley is
the President-elect Mr.. Smiths enterprise