El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-10-03
CONDITIONS
In THE EAST
Chat With an FL Paso Banker
Who Has Just Returned
From an Eastern Trip.
PROSPERITY EVERYWHERE
No Exdggerdtions in the press-Con-
ditions Better Than For Twenty
Years Past-'Brydn Should
Stick to the Restaurant Bust

Mr.. II. L. Newman, Ell Paso's wei
known banker and business. man ha
| returned to the city after an absence O
| several months in the east. Mr. New
man spent most of the summer a
Sconset on Nantucket Island, one O
the beautiful resorts of the Atlantic
coast.
A HERALD reporter found Mr.. New
| man at his desk this morning, and
though busy, he stopped work for sew.
eral minutes to answer some questions
put by the reporter on conditions in
| the east and middle western states.
There has been no exaggeration in
the press, said Mr.. Newman, ''of the
prosperity the country is enjoying. In
fact it is generally distributed, and is
enjoyed by all classes of the people of
the country to such an extent that it
no longer excites comment. For any
politician or people seeker to deny
that conditions are better than for
twenty years past is simply idle chat
ter and cannot have the effect of hood
wlnk1ng people who are paying off
mortgages, and keeping a balance in
the banks. 1t is needless to preach
calamity to men whose bins are
filled with grain,a and whose
pastures TEEN with cattle. The orato-
~ of spell binders Is not effective in
the face of conditions every one sees,
and realizes to his own good"
Mr.. Newman stopped to greet some
callers, and then told the story of con-
ventlon with six Kansas and Texas gen.
tlemen coming west from St. Louis.
one OF the cattle men, who has been
accepting and II months paper, said
that In no recent transaction was the
paper allowed to come to maturity,
while on the contrary it was taken up
In ~ or TO days. He said there could
possibly be no better sign of pr sperity
in the west.
The work shops of the east" Mr..
Newman continued, ARE running on
fine time; the iron furnaces are strain
ing their capacities; the railroads are
with car famines: the farm
ers have abundant crops, labor is every
where semployed. Men are not ola
morlng for work, but on the other
hand EMPLOYERS of labor are complain
ing that they cannot secure enough men
to perform the work that is to be done.
Our foreign trade has expanded at
such rate that we are no longer |
threatened with surplus production
On the contrary our volume of exports
is Increasing steadily"
The conversation in the car" Mr..
Newman said, ''turned on the prosper
Jus times the country now enjoys, and
IN the efforts made by MIR. Bryan and
lis colleagues to convince the people
n the face of the facts they are not
eally having good times. 1 took the
position that Mr.. Bryan was not at all
to the intelligence of
he people in his endeavors to show
hem they are not prosperous when
hey have but to look about them to
ehcld the hummingsfacto the load
trains, the golden harvest fields,
o realize the fallacy of
UGH efforts. l found all six of the
entlemen agreed with me, while they ,
Omitted that three years ago they
ere supporters of Mr.. Bryan.
hen made the statement that MIR. !
ryan would be wise to desist in the (
zee of the conditions prevailing, and
I've what he had already accumulated
y addressing county fairs and gather
lgs instead of continuing his crusade
My to be confronted by the living \
nth as to conditions in evidence
7erywhere he goes.
"'Bryan should stick to the restau-
mt business said one of the gentle O
en-. n
81 didn know what he meant at O
at moment. He never smiled. &
1.-THE restaurant business?' 1 asked.