The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-17

Recent Elections Have Brought
Them Into the Market.

y
Wall street has made 10 mistake in its
estimate of the Outcome Of the congress
sioual elections. II IS 4 result hopeful be-
yoni all expectations The silver issue is
laid In its grave. and Mr. Bryan with Il.
Ponulisz lies slain in its OWN s;ronghoids
and the div!sivs policies that belong - il.
The iirmness with which tae gold basis IS
affirmed exceeds the most sarguine expec-
.a:ions of lis friends and confounds It's en-
sInieS- The movement favoring a recon-
slrucIion and expansion 81 cur bank note
system is put on the basis OF an early prob
ability and there IS no mstaking the pub
lie. VIII that the notes snail be redeemahis
in gold coin. Taken as a whole. the cleo
ton shows a remarkable change in public
sentiment from the vagaries that have
been deeply unsettling confidence 10 a con-
sentative and assuring attitude. After lis
tening 10 the dsaffecting schemes Of DEM
asogues and the allurements Of regulators.
the sober second thought and the funda-
mental honesty OF the popular hear; have
asserted themselves: and We have another
of the many evidences in cur history that.
while our inpulsive people may fer time
be misled by the schemes of political agi-
taiors, yet at the eleventh hour OF danger
they may be trusted 10 come round to the
path of safety and the side of honar.
These changes bring with them an exhil-
aratng sense of national elevation. Men
OF intelligence and men Of business feel
that the country has INDICATED Itself
against the asrersions Of unfriendly critics
and the enemies OF our national credit The
republic has silenced the charges of those
who have sneered ar our Incompetence 10
deal with large economic questions or to
distinguish between the sound and the I'M
sound IN money and finance. II is remark
able that these popular verdicts given in
the midst of important war issues. should
have reflected SO little of the passions
which war excites. The people have calm
ly distinguished between the things which
determine the future of our material in
terests and those which. however exciting
for the time being. are yet only transient
and secondary in their bearings. This Is a
gratifying evidence of the seit-governing
capacity OF our people.
1t is impossible that such broad and pos
tive assurances as the elections afford
should fail TO have an important effect
upon our business interests in their broad
est extent Merchants ana fuanciers seem
already TO breathe a freer air. The clouds
of suspense that until Tuesday had warned
conservative men 10 keep close sail in their
operations have disappeared. Men who
WELD large capital now see their way TO
undertaking enterprises which they have
been holding in suspense. Intending in
yestOrs who have had misgivings whether
the course of politics might not impair
public confidence and impair the value OF
securities now find their fears removed
and are appearing in the investment mar
ket. In a word. this new assertion of the
governing ability and the financial honor
OF the American people seems destined 10
develop a new era Of national prosperity
which for some time past has been post
poned by the persistence of political mis-
givings.