Arizona republican., 1897-11-11
BULL BEAR BALLOT
The Effect Of the Late Election
 on Wall Street
THE CAPITAlISTIC OPINIONS
If Not the Best Van Wyck was
 Not the Worst Man
Elections in the States a,e Con- strued as Indicating the AsCen- denCy of a More Moderate and Reasonable Political Spirit.


 New York, Nov. Especial J. This week Wall street has been Cc- cupied mainly with the results of the elections. So far as respects the lo cal election, the outcome as to choice ponderating opinion of the financial world, not the best that could have been desired. It affords the minimum of guarantee as to an economical man. agemenl of the large interests of the new metropolis; and that is of course a misfortune as much for what it indirectly implies as for what it di- dectly involves. But that is perhaps the worst that could be said. It is not to be forgotten that the charter of the greater city was framed by a commission composed of Gen. Tracy, Seth Low and others, and that by it the mayor is pretty thoroughly hem med in. He cannot, under the cir cumstances, do much harm, even if he desired to do so. I know the may or-eleot and have a good opinion of him personally. He certainly is good faced man and that is an i'm portant index to his character. For that Van Wyek will turn out pretty well as mayor of New York. The city might easily have had as its chief official a much worse man. And as much may be hoped TOT from the comparoller-eleot. The vote can hard 1y be regarded as a diSappoimtm for the betting barometer had, in an- ticipaItion of the poll, plainly evi- denced that, in Wall street at least, this outcome had been expected. And having been expected the effect was discounted in part in advance, and was expressed in the declines of last week. There was, however, a con- siderable minority who had hoped that the control of the city would fall into other hands, and to those the result has been an unmitigaaed disappointment, which has found ex- pressiom in speculative rNalizings ard a further fall in prices.
 The results of the elections in ether states are so varied and have been so much influenced by purely local issues that they can hardly be regard ed as warranting any general conclu- sions as to Gheir national significance. In one aspect, however, they are dis tinctly assuring. They afford plain evidence of the decline of popular in- tenest in the silver question and dis tinotly reveal the beginning of its de cadence as leading issue in federal politics fact which is of inestima ble value for the hope it suggests as to the prospects of the sound money policy.
 Taking as a whole the symptoms brought out by the elections, they indicate considerable ferment in pub lie opinion and disposition to for sake old ideals; and it may be hop3d that these tendencies will hereafter develop into better methods of gov ernment and into policies more in harmony with an orderly public senti menu; but, in any case, it can be said that the drifts of opinion thus eXhib ited afford no symptoms of danger ous tendencies and no new vitality in the wild policies advocated in the passionate party platforms of 1896. On the contrary disposition to aban- don impossible policies seems to be coming over the country, and traces are manifest of public advance to- wards measures that will more com pletely harmonize sectional differ ences. Setting aside all party preju- dices on one side or the other, the elections must be construed as indi- eating the ascendancy of a more mod crate and reasonable spirit in national poNIics. This election is the first since our escape from the sufferings of four years of depression created by the silver and jingo craZes, and it is therefore natural that it should show this welcome exemption from the spirit of political pessimEsm. Viewed dispassionately, I am unable to see anything in the state elections that can De reSdfueu as casting any QOuDl upon the continuance of the public prosperity that has returned and de- ,,veloped to such a remarkable extent / within the last four months. Now that business has universally revived the people at large value the boon too highly to sacrifice it by rash pol icies or needless sectional disagree ments. What they want is safe an6 conservative business legislation, an- a foreign policy that is pacific rather than belligerent. They want sount but not needlessly revolutionary re vision of our monetary system, sucf .as will sava LIS from the nOSSible re