New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-11-05
A BOOM IN BUSINESS.
CONDITIONAL ON MKIN-
LEYs ELECTION IN FORCE.
THE MERCHANTS OF THIS CITY UNANIMOUS IN
THEIR EXPRESSIONS OF QUALIFICATION
AT THE REsuLr-MANY ORDERS FOR
GOODS PLACED SINCE TUES
DAY-IDLE FACTORIES
TO START Up.


The universal feeling among the advocates OF
sound money tha with the election Of McKin-
ley thorough confidence in the large business
centres would at once he re-established and that
factories long idle would be run on full time
again was amply confirmed by the numerous
expressions Of qualification and satisfaction at
the result OF the election heard on every hand
among the business men Of this city yesterday.
In reply to question as to the probable good
effect Of the election OF Mckinley on the pus'-
ness Of the country. as reflected In the drygoods
trade. Arthur r. Sullivan. prominent In the
woollen trade. said: THE effects are In evil
dence already in orders that we have received
to-day for goods. Many Of the orders were in
confirmation of conditional orders given some
time ago. contingen. upon the election OF Nc
KinIey. 1t understood that II he was not
elected the orders were to be cancelled Many
Of these orders. too supplemented with ad-
ditions, asking for more goods. than were origi-
nally called for There a better feeling all
through the drygoods district to-day 1t a
day Of Jubilation and good feeling everywhere
and men felt that. now that the question was
settled they could turn to business with the
hope Of something better in store.
II do not mean to hold out that. in my Judg
ment, there is going to be any sudden bound in
business that will at once restore prosperous
times. man afflicted for period with typhoid
fever does not walk easily the first day he is out
Of bed. But think the progress Will be steady
and sure along the right road. 1t will be felt In
the appreciation Of goods A business man. with
a large stock Of goods on hand. with no sale for
them. feels them depreciating with every day
that they remain unsod. When business is
active. and there is a demand he secs them ap-
precate in price"
THINKS THE MONEY QUESTION SETTLED.
As for the money question. Mr.. Sullivan said
with emphasis: I'm my judgment. we have set
tied that question for good and ALL We have
scotched the serl mt. and do not believe that 1t
will raise its head again. With Republi-
can Congress, I believe judicous tariff bill
should be put in force. for l am believer In the
protective idea. In fact. am one Of the strong
est protectionsts you saw anywhere. A
good many people will. perhaps, think that the
tariff should be treated In a delicate fashion, but
I do not it that way We need tarin here
for revenue as we'll as for protection to keep this
country out OF debt and am In accord with
Colonel Ingersoll that VIC have here the market
OF the world and we want to keep II for our
selves. Look back at 1892 before Cleveland was
elected. Every woollen mill in this sountry was
running on full time. and you did not hear any
wailIng about hard times. When men are in
steady employment at good wages. there is no
talk Of hard times. To-day there Is hardly mill
| in the country running on full time"
MIR sullivan then added a word for the news
| pa per press Of the country. which he said could
| not be too highly appreciated by the business
community for the solid front II had presented
| in the cause OF patriotism
| w. Sigourney Fay said: Why. 1t has been
| dav of regular 1ubation all through the dry
| goods streets. That Is about all there is TO say
| and 1t seems sufficient as an indication or the
general feeling. AZ for the results. they are
b.inp felt already with us and with others. Or
ders that were placed some time ago were to-
dav confirmed because Of McKinley's election.
| and in many Instances additions were made to
them by the merchants from other cities. The
| aie,cultv has been that for the last eight
months or more no business man has known
| ,vbere he stood In relation to his business. The
| feeling was one OF strong encouragement. and
| numbers have remarked. when asked to order
| moro goods that they would wait, and, X Bryan
was elected they would go out of business
| Their feeling was that they must save what
| they had accumulated.
GOOD FEELING EVERYWHERE.
"But we all feel good continued Mr.. Fay
| Nth q broad smile. Il tell YOU 1t was worth
u all 70 20 along the street to-day and have
men meet you. and slap you on the back and
saw. Hello. old fellow. isn't 1t fine? Well. it
was q magnihcen, victory. and think 1t settles
the money question for a long time to come
Now. II a sympathetic Congress can only agree
| upon some reasonable tariff bill. there will be
| nothing left 10 do.
| Brayton Ives who Presidential elector
| I'm the last campaign. was seen last night at the
| Union League club and said The one thing or
| prime Importance thai ! see in this election Is
that IL settles with deflniteness ana Tor good ana
| All the money question. Therein was contained
the fundamental issue and FOR the nrst tiine TINS
| country stands committed to a gold standard
| and is in line with the other advanced nations or
| the vorli This was a necessity and for the
| first time also In a position to approach a
| solution OF other questions. such as needed mooi-
| ncation of the banking laws. The system now
| IL too binding in its character. The bank In us
| relation to the Government is In strait
| Jacket There should he more elasticity Mr.
| Ivcs contended that. during the last few months.
| the American people have come to realize more
nearly the secret springs behind the money issue
than ever before. and held that the issue might
| have been very different had the eeccion been
| held sixty days ago instead OF on Tuesday he
declared that just as In the case OF the slavery
question before the war men were prone 10
| handle II with gloves. yet after peace had been
| declared they united In saying that slavery was
| q disgrace: so now In few months they VIII he
| calling the silver heresy by its right name, and
| will be asking why IL was 'hat they ever oe-
| lieved In II at all
ADVERTISING COMES EASY
Advertising men and the job printers seemed
to feel most quickly the return OF confidence. and
one prominent downtown printer said to a
Tribune reporter: ALREADY this morning have
been made to feel that there has been change.
For weeks past l have been about among bust
ness men soliciting orders foT all kinds OF work.
| and il has been one refusal after another ac-
companied by an admOnition to walt till after
| election. This morning orders came as easy
| as they were difficult to get before"
! r. p Perkins, vice-presdent Of the +. s. Hig-
, gins Carpet Company. said that the election OF
| Mckinley and Hobart would certainly have a
| stimulating effect upon the business OF the
country and that manufacturers would be en-
couraged to work their plants. He said that the
carpet works Of his company had been closed