Evening star., 1896-09-12
Belief That It Will Go Republican by
Over 100000.
CONFIDENCE IN FINANCIAL CIRCLES
The Hill Machine Has Gone All to
Pieces.
B E T S ON NIX IN L E Y

Special Dispatch to The Evening Star.
NEW YORK, September 12.-Everybody
who earns his livelihood in the lower end
of Manhattan Island particularly within
sound of that continuous chink of money
which inspires Wall street, is politician
during these closing weeks of the canvass.
Finance waits on politics.
The 5000 millionaires who make this their
strategic center, and the 10000 other con-
spicuous persons who, as managers, d.
rectors, brokers, vice presidents and cor
poration lawyers, assist in controlling great
| trading, transportation and development;
companies, are for the time students.
They spend q portion of every day In pa
| tient observation of the presidential field.
Good Political Club.
The stock exchange is great polltlcai
club. 1t has been so dull, too, that the
members have had plenty Of time to talk
over symptoms south and west. The denb-
| erations of clearing house committees, IN
| surance boards and trust directors nave
| been diverted from current business TO dls-
cussions of present and prospective condl-
tionS. Wall street, for that word SO taste
| full to populsts best expresses the DOM
nant financial energies, has had period
Of keen anxiety. Observation-Disclosures OF
the 30 900 millions of banking transactions
| of last year were the handing back and
forth of pieces of paper, an immense credlt
system in which only once in twenty times
| coin showed its face to reasSure the
| trade armies. 1t looked two weeks ago as
| though this vast fabric of confidence was
| dissolving. Ugly thrills shot back and
| forth through the whole scheme.
Confidence Succeeds Panic.
The panic period has been succeeded by
| one of confidence-over-confid Mark
| Hanna and Mr.. Quay aver-but this is by
40 means clear. The bankers, through
| their system of correspondents, have made
| ar examination of political conditions that
| is as searching and competent as any the
political managers have been able to make
! though on different lines. Rich persons are
| rarely over-sanguine. That so-called
| vested interests" are timid to cowardice
| is 4 proverb Their study of probabilities re-
assures them. They regard the campaign
| for sound money won. Their ranks have
| closed up. They all stand together and
present a powerful, seemingly almost
| irresistible. front to the silver movement.
| The gold imports, the increased conf
! dence abroad in American shares. the re-
| lease of gold by country banks. the re
| suit in Vermont, the certainty of large
| republican majority in Maine day after to.
| morrow. the stability of the government
| treasury reserve, the refusal of stiff or
! ganization men in this state to stay in the
| party If Mr.. Bryan be indorsed, have all
contributed to the feeling OF assurance
during this week.
| Three to One on Mckinley.
Professional operators, who live by aero
batic changes from hour to hour, fear that
| the revival Of security may be disturbed
| between now and November by show
| of free silver strength. But the whole
| tone of the street is that sound m oney will
| carry the country. The opinions of the
| men who rule down town have an almost
OF pressive influence on public" opinion,
ard is believed in by the newspapers, the
professional classes and the merchants.
Bets in Wall street are three to one on
Mckinley.
The Hill Machine COllnpses.
| The Hill machine has gone to pieces. If
| the state convention comes out strong for
Mr. Bryan, and it appears a certainty that
| it will, Mr.. Hill will not have led it there.
| If he breaks away from the organiza ton
ty a dramatic announcement of indepen-
deDce, few democrats will follow him They
have preceded him N taking up positions
on the side of gold currency. The demo-
| cratic party in this state is growing weak
er. 1t has no moral enthusiasm, it has no
| adroit leadership, 1t has no hope of sue
cess, no money to distribute in the as
semhly districts no offices and contracts
| in sight. 1t is in SO painful state Of de-
| mcralizatioa that the republican leaders
| count On 100000 or 100000 majority The
state las 1,jOU,UU0 voters and 100000 ma
| jority would be ratio of thirteen silver
| to seventeen gold men.
The republican state committee is max
| ing its first poll. 1t will not be complet ted
| for week or ten days. The partial re-
| turns IL dicate majority of more than
10000.