New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-14


John " Bouyier and f. X willard two well.
known members Of the Stock Exchange, caused
q coed deal Of surprise yesterday by coming ous
for free silver. Mr.. Bowler said ne haa iookeu
into the subject thoroughly and satisfied himsel
that free silver was for the best Interest OF tne
country Mr. Willard did not care to STATE MS
reason for espousfhg the cause OF Tree S'Ne''
HOW INSURANCE MEN FEEL.
THROWING OVER ALL SECURITIES NOT PAYABLE
IN GoID-FEEILNG AGAINST THE
CHICAGO TICKET.
Opposition among the representative insur-
ance men OF New-York to the silver fanatcism
of the Democracy has been accentuated by ap-
prehensions regarding the stability and SAFETY
of investments in bonds which do not stipuiate
payment in gold These apprehensions were In
tensified by the wild outbreak at the Chicago
Convention. when the Democracy appeared to
be silver mad A stir was created In insurance
circles in the neighborhood of Pine-st. The fear
that the turbulent, unreasonable silver ele-
ment. would create havoc in values and under
mine the financial system OF the country caused
the insurance companies to take immediate ac-
ton looking to their protection IN the CHARACTER
of their investments.
The insurance companies have invested large
~ in various bonds including railroad. munich
nal and State securities Heretofore there has
been no discrimination made as to the KIND OF
money in which these bonds were to be paid
but now the holders Of these securities are dis
nosed TO throw over all bonds which are not
payable in gold. ,t.'
Those insurance companies which have not
already turned their securities into gold bonds
are preparing TO do at once. This move Is
being quietly made. as no needless sacrifce Is
desired AS prominent insurance representa-
tive put 1t yesterday. I'VE are not going INTO
Wall Street with brass bands"
throughout the insurance district the sent-
ment against the Populistic demonstration at
Chicago and Its ticket is growing rapidly, ana
the list Of former Democrats who will vote the
Republican ticket next November Is increasing
steadily. F. c. Moore. the able president OF the
Continental Fire Insurance Company whose
views have always commanded attention as
those Of a substantial thinking business man.
went on record yesterday AZ a supporter OF Nc
Kinley He said to Tribune reporter: Il have
been a Democrat from the cradle. but now L
am for Mckinley and sound money and Ameri-
canism. voted the Democratic ticker many
times but this year am a Republican.
Marshall s. briggs. president or the Williams
burg City Fire Insurance Company. announced
that he would vote for sound money he mas
long been identified with the Democratic party
in Brooklyn. and taken an active part IN the
affairs of that city for years. He said: =! VIII
vote for Mckinley, II there Is no candidate
representing the gold element OF Democracy
The Chicago Convention has violated the prin-
ciples Of the Democratic party. 1t has been the
work Of designing men to foist upon the people
q deprecated currency"
Mr. Weed Of Weed & Kennedy, insurance
brokers' at No. 20 Lbertysst- when asked re-
gardng the sentiment around Finest, an
swered: II was talking with Democrat 'he
other day who Is the New-York manager OF an
English insurance company. and he declared
that he would vote for Mckinley because he was
for round money Having been Mugwumr,
however, and retaining free-trade Ideas. he is
not favorably impressed with the efforts to
make protection the issue In this campaign.
He believes in sound money first OF all. and
for that reason alone supports Mckinley.
THE money question Is the paramount issue.
The campaign conducted wholly on that line
will be a Republican victory made all the moro
sweeping through the silver-ridden states Every
Protectionist Is going to vote for Mckinley any
way-his name Is a synonyme OF protection
Mr. Weed is an original Mckinley man.
having prophesied his nomination back IN ls',3,
when the news Of the 10000 majority In
ohio. which swept Mckinley into the Gov
ernors chair travelled to Egypt where Mr.
Weed at a place 600 miles south OF Cairo, heard
the report and announced to his companions.
"Boys. Mckinley will be the next President"
Mr. Daymond, Of the Germania Fire Insurance
Company. has always voted the Democratic
ticket but he does not indorse the action OF the
| Chicago Convention.
1T would prefer" he said. Ito see the sound
] money Democracy nominate candidate FOR
| President but II none be named DO not Know
| what to do unless 1t be 20 vote for Mckinley
! This oliver question Is undoubtedly creating
| much more agitation throughout the country
| than ia generally supposed. prominent Re
publican Just told me that the craze has spread
| even TO Vermont. Now as / am vermont
man myself and have always supposed that
nothing could move those dyed-in-the-wool Re-
pubicans UP there. told him that he must be
| mistaken His only answer was Go up there
| and see for yourself -.
| "a campaign Of education Is needed now X
| ever and no effort should be spared to tell the
| people the truth in time to avert serious con.
| sequences which may result from spreao Vi
| fanatical doctrines
| belief which was found to be general among
| insurance representatives yesterday 10 that the
| Lowed In TIA campaign by the loss OF that sup
mort which is usually called upon to defray ex-