The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-11-07
BETTER TIMES IN INDIANA.

TIMES IN INDIANA.
Another article on this page of the Jour-
nal enumerates some of the signs of bust
ness revival in various parts of the coun-
try. They are only a few cut of many, and
they demonstrate the importance of con-
fidence as a factor in business. In many
Of his speeches during the campaign Bryan
made fun of confidence as an element of
business. talked of confidence men,"
warned his hearers to beware of them, etc.
Yet the election of William Mckinley,
without any legislation, has caused a resto-
ration of confidence hat foreshadows a re-
vival of prosperity throughout the coun-
try.
Indiana is furnishing her share of the
signs of restored confidence. AS mentioned
in the Journal yesterday. several local
manufacturing establishments are getting
ready to resume or extend operations, the
city banks are paying out gold. and trade
already shows distinct improvement. The
same indications appt ar in other parts of
the State. The Lafayette Courier says:
The good effect of McKinley's election is
already being felt N local business circles.
The banks are enjoying a regular boom in
the way of increased de posts. and the job
bling houses have not experienced such an
air of h~opefulness for a long time past.
The Lafayette carpet mills. which have
been in a state of suspended animation,
will resume at once, beginning on a ff-
dollar order placed by Mar
shall Field. of Chicago, contingent upon
McKinley's election.
The Marion Chronicle of the 9Th an
.nounced hat the Marion Flint Glass Com
pany started their factory that morning,
giving work to 80 additional persons. 1t
added: THE starting of this factory is the
direct result of the election. the manage
ment being aatisied tina the triumph of
Mckinley means the betterment of busi-
ness in their line"
The Elkhart Review of Thursday said:
To prove the assertion that McKinley's
election means prosperity to the American
limits of Elkhart city. Inquiries this morn
ing have developed the fact that two OF
our manufactures, which have been closed
tons next Monday with full forces, while
others will increase the forces they al
ready have because of the tendency to
better times.
The details which followed showed that
four of the factories would start up on the
strength of orders received conditioned on
the election of Mckinley and to be void if
Bryan was elected.
The mi Tribune of Thursday
says:
ready apparent in and its i'm
mediate vicinity. and within thirty, days
ii is predicted that the wheels OF INDUSTRY
will turn, that the fires Will be lgnted In
furnaces. which means that hundreds OF
men and women now idle will have a
chance to earn a living,
Particularizing. the Tribune says that
the United States Rolling Stock Company
has advertised for seven hundred men at
once, and the Standard Oil Company for
$50 men. The Corning steel plant will re-
sumo operations in January, giving en-
ployment to three hundred persons, and
other establishments are preparing to re-
sumo or extend operations.
In this State, as elsewhere, the sudden
appearance of gold is Il marked feature of
the situation. The South Bend Tribune of
the 5th says:
There is a clearing atmosphere in bank
ing circles of the city. The banks, being
Obliged to protect themselves by keeping
their reserves good during the agitation Oh
the financial question, are now paying out
gold and making loans. The trays of gold
on the banking counters, which have been
c-onspicuously vacant at some places are
now filling up, and people who have Kept
god hidden in their houses are now bring
ing it out for deposit in the banks.
A significant feature of the reappearance
of gold is that so much of it was held by
1.-THE common people whom Bryan tried
to mislead. The South Bend Tribune men
tions the case of a factory empioye in that
city. who recently deposited over 500 in
gold. which he had boarded since the silver
agitation began. h thrifty class of
common people had nc confidence in
Bryan. The Hammond Tribune says:
Gold is flowing over the counter at the
Commercial Bank. and many checks and
drafts presented for cash were paid in the
yellow coin. Negotiations, which were alb
ruptly dropped when the free-silver agita-
ton began sweeping over the country, are
being resumed and several important BUSH
ness deals may be announced within the
next ten days.
The Knightstown Banner says that on
the day after the election a citizen of that
place deposited $500 in gold coin in a local
bank. The Huntington Herald says:
Considerable sums of gold which had been
boarded in the belief that il would go TO a
premium If Bryan were elected. has found
its way into the city banks ON deposit, and
the banks are prepared to pay checks in
either coin or paper, as desired by the
check holder.
There is no installing the significance of
confidence and a revival of prosperity in
Indiana in which an classes will share.