New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-20
WHERE THE PANIC IS.
IN THE PLATr RANKS NOT IN BUSINESS
CIRCLES.
>,,,v r,rrpr,s SOME RATHER HAY TALK ABOUT
AN ANTI-MKINLEY MAss-MEETlNd
THIS CITY.

IN THIS CITY.
rners were unmistakable symptoms OF
nar,c AZ the rooms Of the Republican state
ru.,,,.. yesterday. but not Of the money
-. MIC which the Platt machine thought or trying
.. or.a+e in this city for the purpose OF oe
t..,,ng the nomination Of William Mckinney
y. CT Iouis In fact the men who were 'aiN
,rg en- honefully of a money panic IN the ooi
r,dors of the Fifth Avenue Hotel just ai.o'
r. r Plat returned from conference WV"
Senator Quay appeared to have suoueHi' 'o
hone az soon as some of the bankers anu ou''-
ness men of the city had expressed 'he'i JPN
ions on the subject. The panic WHICH
ceptible yesterday was the panic III '"e
sh,,o ond II looked as If the bosses were
.sra,d there would be a general scramD'' ~
get into the Mckinley band wagon ,,,..
TIL 20 q money panic had been droppeo Inc
. hot notato In place Of a plan TO cause
-. s,unn IN stocks" through the ACTIVE
.,aaor,sm, of anti-McKinley bankers ''e'o
WAS a scheme to get up an anu "0i>'' -,..,
o..,rg The work of enlstng antagohisn
among the bankers must be kept up /. was e"'N
ond a mass-meeting would be much eieape'
than a slump in stocks. 1t had oeeh suee
annarently by some of the bankers 'n"' "
money panic might be too expensive
WHO'LL CALL 1T?
Al n the mass-meetng 1t was SAID that ~
cefnite arrangements had been maze ->o -'0
had been hired and no time mad Deeh SCI
the mode of calling mass-mee'iiis 'e
=. urcertain The Plat machine feared 10 coi''e
~. onenlv ard call the meeting mat was
$3.50 n,ain nv statement by Charles W. HACK
-. ,ha chairman Of the Republican State Coni-
,,,,,ee 20 the effect that it would be improper
49, ~ committee to call a mass meeting. MI
1Iaclett evidently expected that enough Oahhe''
ord business men in sympathy with the hao ''''.e
would be willing to "antagoniZe OH 'iie
~ q mass-meeting to enable the resui'i pr
@,c,ans TO keep out of view Local nep :,
ond business men who have not nguieo III po.'
tics had talked the matter over ne saiu "'' ~
had received a tip that they "ouiu e' ~
anti-McKinley demonstration
II was significant. of course that the III o. q"
ouno.rent Of such demonstration shouia
49,. a,ractv from the Plat machine, and not
tro,, the bankers and business men, ana 'heio
WAS only the word Of the machlhe -
,hot any bankers and business men were Willis
A. ..o,.a ron,ze'' on condition that a mass-nee'-
a. r.. substituted for Il money panic Ihe near
.st srnroach TO a date for the mass-meetihg tha'
oo,,,d no given was next week or the week di'e''
FEELING AMONG FINANClERs.
The unanimous opinion in the hnancial COM
,,ri,v Yesterday was that the effort OF the anu
Mckinley combine" to create panic mao oeei
. con,n,ete failure and had utterly destroyed
homes for the candidates represented by the COM
blne" The plot to spread ruin in order 10 accom-
,,,sh a nolitical object won the moral support Ioi
.soKin,ev Of Democratic well as republican
bankers 1t was agreed that McKinley's nomina-
tion would be by an overwhelming vote ana 'ha'
tho combination made up to fight him would re-
ceive tremendous rebuke at 81 LOUIS
There was not fnancier to be founo VINO enter
tanned a doubt as to McKinley's soundness on the
money question. The whole talk was that MS
nomination would unquestionably be Followed
nv the inauguration of an Of better times ana
revival of mercantile and industrial activity
The dispatches by cable to the correspondents Oh
foreign houses said the reports OF rear OF loreish
capitalists to invest American securities on
account Of Mckinley prospective nomination ana
election were pure inventions,