The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-09-28
SILVER SCARE OVER.
New York Merchants and Bankers
Feel the Danger Is Over.

New York Special in Chicago Post
This great banking and commercial com
munity. with its feelers out in every direc-
ton and with it's senses trained to extraor-
binary sacuteness in the habit of observa-
ton and ''pulse-feeling," has evidently
about reached the conclusion that the dan
ger of free-silver victory is passing away
The money market is relaxing. bankers are
loosening up" and capital is crawling
on liberal terms by people who, month
ago were in a state of fright-would part
on their boards of cash, and who would
hurry back into their cyclone cellars now
were they not fully assured that sound
money Will win out in November. There is
no guesswork. no sentiment and mighty
little speculation in capital, putting it as
an abstract proposition but there is a
keener PERCEPTION of what is going to hap
pen and a surer reading of the signs Of
the times in the banking houses and the
counting rooms than about political head
quarters: a more unerring judgment, even
than in the inner councils of the managers
of the national campaigns. The commercial
houses are in the closest kind OF touch with
the merchants in every city, town and
hamlet in the country, and at times like
these it is a life and death matter with
them to learn the exact truth bearing on
the possible momentous changes that they
may make their plans accordingly. They
do not want colored reports and specuia-
ton. but facts. and they get facts from
every possible source.
The banks are the first to receive the
benefit of the net results of this great mass
of collected information derived from first
sources Its significance Is presently re-
fiected in the stock and bond m~rkets and
on the blackboardS upon which are regis
tered the fears. hopes and emotions of cap
italists they get rid OF or add to their
catch on to- the drift in public sentiment
and the facts gradually come to the atten-
ton of the public in the form of inter-
views. authorized statements and through
the columns OF the newspapers. The fine
perceptive sense of the leaders of finance,
trade and transportation tells them of the
waning of the free-coinage movement and
they have made up their minds that ii will
be safe to venture out of doors. Merchants
are asked by their bankers If they cannot
use little money and are advised that it
would not be regarded as an evidence OF
imprudence to move the pickets of enter
prise forward once more and plan TO
spread out" within safe and conservative
limits No boom is suggested. Indeed, the
caution is invariably advanced that bust
ness men must not look for whirlwind
prosperity but rather slow, substantial
growth; based on gradual and healthy
1t Will tighten the hearts of countless
thousands of hard-pressed business men
throughout the West to know of the
changed feeling in this the money heart
of the Nation-this developing buoyancy
The confidence that is noted is not yet "a
robust creature. 1T will not have whiskers
for many long day. but II is here. and
unless backset occurs it is sure to stay
and TO grow.
bet on the good sense of the country. can
now be called matured judgment. based on
a myriad Of reports from and TO men who
had to get at the facts about the real
strength of the free-silver movement that
they might shape their business concerns
intelligently. The results are seen in ac-
of a hundred thousand spell bindersr-in
Il manifest improved condition of the con-
trolling money markets of the country
Friends and fees alike of free silver are
blind indeed who do not see and appreciate
the force and Significance of this situation.
It is the overshadowing and all-important
sign of the hour