The Anaconda standard., 1898-02-10
WHAT HE SAW AND
HEARD IN THE EAST
Marcus Daily Tells About Times
and Talks About Silver.
IT'S THE VITAL QUESTION
Loyalty to Silver's Leaders Should Be
the Watchword and That Should
Stand Above Every Parti-
san Test.

A couple of days ago Marcus DAILY
arrived in Anaconda on his return
from a trip of seven weeks in the
East and South. Mr.. DAILY spent the
holiday season in New York city.
Afterward he visited Washington and
extended his trip to Florida and to the
Bahama islands. He speaks with en-
thusiasm of his stay at Nassau and of
the many entertaining features Incl
dent to a visit to the well-known re-
sorts in Florida. Yesterday a Standard
reporter asked Mr.. DAILY to talk about
the outlook in New York in relation to
Tammany and national politics. Il can
give you little or no news on that sub
ject," answered Mr.. DAILY. The Tam
many people are busy day and night
in their effort to give the city of New
York the kind of government that was
promised at the election. Tammany is
on trial. SO is the new charter, SO is the
new city. You read in the papers a
good deal about Tammany's plans in
regard to state politics and national
politics, and l suppose there is no doubt
that the Tammany people are really
measuring up the state and thinking
about the governorship and the sena-
torship and all that. But. whatever the
plans of the leaders are, they keep their
own counsel and it is a fact that under
the new and untried charter. they have
their hands full trying to organize an
administration that will get public APP
prevail Their effort will either make
or break Tammany. So, the New York
democracy is not much of factor in
the silver question, at present, and the
national silver leaders themselves ap
parently are not taking much account
of New York one way or the other.
Silver Sfiu the Issue.
But I did find this in New York
added Mr.. DAILY, 'and / found it at
every turn. I found that the men who
had the most to do with promises about
bringing the country to a time of gem
eral prosperity are the very men who,
in their personal experience, are not
seeing any substantial signs of pros
porous times l know what the trade
reports say and how the boomers talk,
but, l tell you, when you get to the bot
tom of the situation the foundations for
prosperous conditions are not there and
the business men in New York know 1t.
Trading on the stock exchange is act
i've, everybody is into it. You might as
we'll claim that activity in faro games
in Butte is sign of prosperity in Mon
tana's sheep industry as to say that
this gambling in New York is a sign
of general prosperity The fact is that
New York's money men have plenty of
ready money-they have had plenty of
it all along during the hard times.
They don't let it get out into the eoun-
try in investments, and they can put
their hands on all the money they want
for this gambling in stocks, which
doesn't employ labor or build factories
or add one cent TO the productive re-
sources of the country. They meet SO
little that is real and substantial in the
way of new and legitimate undertake
ings that they fairly hunger for it and
any crazy Klondike scheme takes them
off their feet in a way that would as
tonsh Montana men who understand
legitimate mining.
"A clique takes hold of stocks in New
York and pushes up prices. Then the
newspapers tell of the splendid show
ing and of the evidences of Europes re-
turning confidence in American securi-
ties. The whole thing is as legitimate
and not any more legitimate, than the
advance in wheat which Letters opera
tions forced. You will find that the
money so long tied up in New York is
there still, every penny of it. This
money is not getting even as far west
as Chicago. Cities like Omaha, st.
Paul, Kansas City, Denver and other
Western towns are not seeing a cent of
it. The New York men declare that
they must have guarantees against sill
Yer before they let go of a cent. Why.
II the revival in business was what ii is
cracked up to be by those who are try
ing to bolster up the administration,
there wouldn't be any silver question.
And l might as we'll have said it all in
a dozen words" continued Mr.. Daily.
What / do say is that the silver aues-
ton, everywhere in the East, is as live
as it was when Bryan was running for
president They keep talking about ii
in every bank and every brokers' office
and every business mems club. They
thought they had it disposed of but
they are not binding themselves any
longer. They know that the question
has got to be faced and fought and that
the fight will be harder than the first
one and it bothers Them
With Silyer's Friends.
Mr. DAILY was asked to say what i'm
preston he brings from Washington as
to the outlook for the national silver
campaign. If l had simply an impress
sion," answered Mr.. DAILY, sit wouldn't
be worth anybodys attention.
brought back the certainty that, while
things are looking well, the silver
cause is liable to lose through the
wrong policy of those who are for their
political party first and for silver after
ward. There is peril for the silver
cause in the talk and the actions of
men who mean to be for silver all right
but who are so partisan that they insist
that whatever silver wins it must win
through their party. Now, in Wash
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