The herald., 1896-11-09
Has Prepared the Way for a
Revival
IMPROVEMENT OF BUSINESS
Alleged to Result From the Election
of Mckinley
Various Industries Start UP With In
creased Forces-Collections Better.
Ohio Coal Miners Ready to Strike

the editor OF the TlmeS-Herald from
Washington the following:
1.-THE liquidation of the last three years
has prepared the way for revival Of
business in this country upon basis
which ought to insure stability and con-
tinuance.
1.-The immediate effect of the death of
the free coinage propaganda and the
isms connected with it is seen in the
suggestions everywhere made of prepa
rations for new undertakings and re-
storation of old ones. Undoubtedly
some of these will fall off, but the gen
eral tone of hopefulness will continue,
and investors will invest in those things
which clearly promise a return of profit
on the investment.
II do not believe speculative enter
prises Will succeed for a long time to
come A great amount of money will
come out of boarding, but it will be used
cautiously. The amount which has been
secreted in safety vaults and elsewhere
is larger than ever in the country's his
tory but not little is in the form of
credit currency, such as bank notes, sill
yer certificates and legal tenders. Tie
favorable conditions for the people aside
from the settlement of the money ques-
ton, rest in the abundant crops here and
the shortage elsewhere, the reduction IN
the stock of manufactured products. AMI
the fact that expenses have been brought
to a minimum in every line of business.
THE banks have, since 1893, been
charging off bad and better securing
doubtful paper, so that they will be able
speedily to loan out such sums as bust
ness men need Already deposits are
increasing to such an extent that the
prospects of strong showing under the
next bank call are very fiattering.
with the restored confidence now
manifest in our determination to main
tain the single gold standard of value
and the rehabilitation of American credit,
there is reason to believe much foreign
capital will come here. I do not see,
either, why the banks ought not soon to
resume the furnishing Of any gold need
ed in business transactions, thing they
did without injury to themselves until
the passage of the Sherman act of 1890.
II believe the national banks should
issue all the paper currency of the coun-
try, and with this power given them,
they should be obliged to redeem the
same in gold This they could readily
do if the legal tenders were removed and
they were completely freed from furth-
| err silver agitation. l have no doubt that
| under such circumstances, they would
| be willing to undertake it,"
NOTES OF PROGRESS.
LYONS, N. Y, Nov. S-The Manhat-
tan silver plate factory, which has been
running irregularly since January last,
has commenced running at nights on &C
count of large orders conditioned on the
result of the election.
The New Haven silver plate factory
and A. p. Tower & Co. s silver plate fac
tory have both started up on full time
There is even a scarcity of employees at
present.
The Fisher pottery, established in
1925, is now running full blast for the
first time in many months. The result
of all this is that the produce handlers
are now able to secure money with
which to move the big apple crop, which
is estimated at three quarters of mil
lion barrels. There has been an in
crease in farm produce prices also and
collections are said to be improving.
IHe AIleTlcdu t1IucOSe company OF
Peoria, ILL.,, yesterday ordered it's en-
ployes to report for duty November 16,
at which time the reduction in wages
will be restored
The Maumee Rolling Mill company
Of Toledo, O.. will increase it's force by
200 men tomorrow. The sheet iron mills
have been closed for several months and
would not have opened in the event of
Bryan's election. The men are all high
priced skilled workmen.
MISERABLE MINERS
JACKSON, o., Nov S-All the coal
mines here are idle, the men going out
yesterday. President Ratchford of the
Ohio Miners union, is here holding con-
ferences and there was mass meeting
today, but no settlement has been reach
ed The miners are resisting the As
cent rate, saying they can barely live in
that region at the 61-cent rate. The
men have been making less than half
time for months and are suffering now
| The trouble is over the differentials of
different districts in the state, and it is
feared that the controversy will cause
general strike of many thousands of
miners in Ohio.
IN COLORADO.
DENVER. Col, Nov. SIT is ANNOUNCE
ed that tomorrow the big plant of the
Colorado Fuel and Iron company at
Pueblo will be put to work on a large
order of steel rails and fittings for the
Santa Fe, which would keep the i'm
mense mills employed with a full COM
plement of men until January LIST at
least. The opening of the mills means
the immediate employment of fully 1900
mer, 1900 of whom will be at the mills
and the remainder al the mine At pres
ent only 500 or 500 are at work.
CANADIAN INTEREST.
NEW YORK, Nov.S.-The Morning
Advertiser tomorrow will say: Three
members of the new Canadian cabinet
were so Interested in the outcome of the
recent presidential election that they
came to New York to study the methods
upon which it was conducted and learn
the result at the earliest possible mo-
ment They are William S. Fielding.
minister of finance; William Patterson.
minister of customs, and Andrew B.
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